The adroit and insightful team of Tron Foundation developed a foolproof of plans for its crypto, and it is achieving them as each day goes by. Justin Sun, the CEO of Tron Foundation officially set the roadmap of Tron and has said they have many more mega plans to achieve until 2027.
One of Tron’s major plans was Odyssey (which will place economic incentives to enhance the creation of more entertainment contents) has become a success after it went live on May 31. Although, this MainNet is still under tests to make sure it withstands the test of time.
However, the first plan Tron Foundation has before its MainNet is thoroughly tested is the movement of its ERC20 tokens to its native MainNet. It is important to know that this action is expected to kick-off this month, from 21st to 25th.
Due to the prospects of Tron’s great plans, exchange platforms like Binance, Liqui, Bittrex, Bixin, Bitpro, Coinegg, OKEx, Zebpay, OEX.com, Upbit, etc. have taken up their support for the movement of Tron’s ERC20 Tokens to its MainNet Tokens.
Tron’s Second Plan: The Super Representative Election
The second objective is to elect super representatives before the ERC20 Tokens are migrated to its MainNet Tokens. Justin Sun recently stated that June is an important month for Tron due to the completion of Tron’s MainNet, the migration of ERC20 Tokens, and Tron’s super representative elections.
The election is scheduled to be held on June 26, 2018. However, about 27 Super Representatives will be chosen to represent more than one million Tron users worldwide. Tron elections will also mark the end of its exodus phase. Justin Sun also stated that Tron’s protocol system would produce one block per second and every block will award 32 TRX to Super Representatives. On the whole, 1,009,152,000 TRX will be awarded every year to 27 Super Representatives.
#TRX $TRX The updated ranking of #TRONSR on June 18 made by #TRONICS. The ranking doesn’t represent #TRON ’s official opinions. We welcome more institutions to run for super representative and do ranking evaluations on https://t.co/CKoF71Wiat https://t.co/1L1b2Svkzr
— Justin Sun (@justinsuntron) June 19, 2018
Through the election of Super Representatives, the cryptocurrency aims to uphold sovereignty and transparency among in community. Every user will have natural rights of the tokens in the community, due to the fact that every token is the key to the power of a decentralized network.
More than 50 teams including SkyPeople and Cobo have expressed their interest in participating in Tron’s plan of the Super Representative Election. Sun has called and urged other Tron supporters to contribute to the network protocol by being part of the election to become a Super Representative.
With crucial milestones down the line, Tron (TRX) is oversold in crypto-market
Due to the lows in the crypto market in recent time, lots of cryptocurrencies aren’t having a good time. It is necessary to know that despite the dips, Tron (TRX) is one of the cryptos in the market that is benefitting – this was not foreseen and expected by experts in the community.
As many in the crypto-market have observed, Tron is oversold. Right now, TRX is traded at $0.04892 with 9.11% increase in value within last seven days despite the lows in the market that is affecting other cryptocurrencies. The insane surge in the price of Tron (TRX) in the market may be due to the news and hype around the cryptocurrency right now (including the news of BitTorrent acquisition) as a result of its major milestones down the line.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
Image courtesy of Pxhere.com
Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors
When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat. These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor. But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.
Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace. The real benefit to trading in these offices is to participate in the free flow of trading ideas and information. Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed. Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?
While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.
Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors. The goal of the platform is to help newcomers shorten their learning curve,…
CoinFlip Scores Big with BRD Wallet Partnership
As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible. While many crypto users are extremely tech oriented, a lot of those on the sidelines are not. The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above. In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country. Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.
In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map. Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells. BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit. The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.
Cryptocurrencies are already making a huge difference around the world. Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…
Cryptocurrency Collateralized Debt Positions Are Growing in Popularity
While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle. Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance. One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess. That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS. These projects have managed to find a foothold in the market and have a better chance than most of staying there. While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.
What is a Cryptocurrency CDP?
In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount. There are several examples of this in our day to day lives. Auto title loans from large companies like TitleMax are extremely popular with consumers. Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has. The consumer can continue using their car as long as debt payments are made.
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