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TRON (TRX) Supporters are Preparing for the MainNet Launch
The recent change in market has seen an increase in the value of many cryptos, but TRON (TRX) seems to be the one that is doing best during the new period of recovery. Its soon-to-be launch of MainNet has seen a lot of supporters joining TRON, including 8 large crypto exchanges.
Cryptos recover from a price drop with TRON taking the lead
There has been a lot of desperation in the crypto world prior to Monday, May 14, where cryptos experienced yet another shift in their market value. The prices were dropping at an alarming rate, which caused many investors to rethink their investments into digital currencies.
Ever since yesterday, however, the situation has been nothing but great, with a lot of coins seeing an increase in their value once again. The new period of recovery has started, and it would seem that TRON (TRX) is doing better than any other crypto. It is currently the only digital currency whose increase in gain went up to double digits and has profited by 11%.
A lot of other cryptos, despite the fact that their value is also on the rise, have their gains reduced to a minimum. The closest crypto to TRON is Stellar Lumens (XLM), and even Stellar has only 8% increase. TRX’s current market cap is at $4.9 billion, and the token’s individual worth is at $0.074. However, many believe that this is just the start for this crypto and that it will rise even more in the coming days.
If so, it will definitely be a consequence of TRON’s recent victories regarding its technology development. After all, it did successfully launch its test net, with MainNet’s launch soon to follow. Prior to that, it already had many successful events and projects, including project Genesis, VM launch, SR elections, as well as token migration.
TRX has also been listed on many exchanges recently, all in anticipation of the MainNet, which is expected to completely change this token’s future. Finally, the use of ERC-20 tokens will be eliminated, and TRON will officially get its own coins. It is more than understandable for all the excitement that envelops its community.
TRON’s support includes big names
With the MainNet’s launch coming closer and closer, the currency has been upgraded to many different exchanges that are willing to help out with coin’s migration. Among them are the 8 big exchanges that have announced their support and help during this important period, especially since all of the activities involving trading will be frozen during the token transformation.
According to the exchanges, all of the user’s assets will be migrated automatically, and their post-installment restoration is ensured. The new platform will then bring a lot of new benefits, and is also expected to increase the token’s price further than ever before.
Among the first exchanges to stand beside TRON was Bit-Z, which announced its support back in April. Its total market cap is at around $254 million, and its trading of TRON is definitely helping it out. TRX trading takes the second place in this exchange’s business transactions, and it accounts for 15.62% of the current trading volume.
The second one to announce its support was Bittrex, which decided to do so on April 27, and TRX is currently placed third on the platform’s most traded list. After Bittrex came Bitfinex, which decided to stand beside TRON even though it is not that high up in the exchange’s trading activities. Recent exchanges that pledged their support in may include a less-popular Bibox, as well as a trading giant Binance, who joined in on May 8.
Binance’s market cap exceeds $1.39 billion, and TRX holds the 4th spot as the most traded currency, so it is obvious why this action alone was a large event in the TRON community. Finally, the last exchanges to join so far include Coinnest, Coinrail, and Zebpay.
Many more announcements are expected as we advance towards May 31, as many others are expected to join TRON on its journey to greatness.
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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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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. One of the ways to have a successful…
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…
Altcoins
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
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…
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