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Tron (TRX) seems oversold with its key objectives down the line

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Tron TRX

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.

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.

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Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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