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TRON (TRX) Starts New Giveaway, and the prize is a ‘Dream Home’

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TRON
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Justin Sun, the creator of TRON (TRX) surprises this cryptocurrency’s supporters with yet another giveaway. This time, Sun is planning on gifting crypto enthusiasts with a ‘Dream home’.

TRON gives away a dream home

TRON (TRX) is coming closer and closer to the most important date in its history thus far, with only two weeks standing between it and its MainNet launch. Combine that with rumors that TRX might be listed on Coinbase, and it is clear that big things are coming its way.

This is not the first time that TRON is accompanying important events with a giveaway, and only last December, the team behind it tried to pull off this same tactic. Back then, the giveaway included Mercedes-Benz and a Maserati. The new one includes a dream home, which Sun personally announced on his Twitter.

The previous giveaway announcement was largely criticized by many Twitter users, who also commented that the participants of the giveaway should truly include less fortunate citizens as well. Apparently, TRON’s regular token holders never win much, with its giveaways being saved up for the elite members.

This time, however, the prize is much bigger than anyone would have guessed – an entire mansion.

While the first giveaway came out at pretty much the same time when TRON was listed on Binance, it is largely believed that it was just a part of TRX promotion. Sun wanted as much attention on his tokens as possible, and it worked. The price went from only a part of a cent to $0.2.

Big things might be coming

Now, the new rumor is circling around, and this one says that TRON might be coming to Coinbase as well. This is a big news for TRX, especially since the MainNet is only two weeks away. It is not that surprising that Sun wants as much attention as he can get this time, hence the dream home. And, of course, if Sun is truly trying this hard to get attention to his token, then you know that something big is coming.

Of course, not everyone is thrilled with the news of the giveaway. There have also been some who were able to see past the prizes, and they commented on their unfairness towards regular people. According to them, a regular person would never be able to afford paying taxes for such a mansion, or proper maintenance for expensive cars, which makes the entire system flawed.

The giveaway tactic is just that – a tactic. A lot is expected to come TRON’s way in the near future, and the team behind it wants more investors, as well as more investments from the already-existing investors. Still, many believe that the team should focus their efforts on making TRON’s tech as best as possible, instead of giving away prizes that regular people could never afford to have, even if they won them. Building the product is more important.

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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 investor s 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

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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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.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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