Tron will leave Ethereum’s blockchain technology (ERC20) behind as this month ends and will become entirely independent. Then their tokens will also migrate on June 25th once Tron’s Main Net is thoroughly tested. At that point, Tron’s TRX won’t rely on ERC-20 at all.
Tron’s CEO and founder, Mr. Justin Sun, started a countdown regarding the event. It’s been embraced by the crypto community and has brought Tron new attention, partners and listings the world over. So far, more than ten global exchanges have declared to support Tron’s migration (Binance included).
Tron’s team has made a point of keeping their community updated by creating a newsletter that they published recently, and no one else but Justin Sun himself authorized that.
The letter detailed all about the new upgrade process and the launch’s schedule. It even included previously unavailable information about a virtual machine that will come online six days before the net release.
Mr. Sun announced that TronVM v.0.1 is going to be released on May 25th, and he stated how excited he and the whole team are about this (they are not alone, the entire crypto-world is excited!). The new virtual machine will allow the old Tron dapps built for Ethereum initially, to work on the new Main Net without problems.
There are adapters that developers can make use of to migrate their apps smoothly from Ethereum to Tron. The VM is a run-time environment capable of creating smart contracts and carrying out transactions using Tron’s new blockchain. A reward program was also announced for developers who move from Ethereum network to Tron.
On the last weekend, May 12th, Tron tweeted regarding the update by posting:
TronVM v.0.1 will be launched on May 25. This version will be fully compatible with the Ethereum VM. All Ethereum developers will be able to use an adapter to migrate seamlessly from Ethereum dApp projects to #TRON . We will offer a reward program, stay tuned!
— TRON Foundation (@Tronfoundation) May 12, 2018
The whole Tron team is hoping for a seamless, hassle-free adaptation period in which tokenization will get unrestricted support from everybody. The exchanges that carry Tron have been very clear that users will face no inconvenience at all during the migration. Every transaction will be automatic, done by the exchanges and the Tron team, so there is just no looking back at this point.
A Tron fan, MichaelM, wrote:
This is a reward for TRON holders. Don't you get It? It will help significantly with the price.
— MichaelM (@NEJOBS_UK) May 12, 2018
Twitterati Suman Saha added:
Excellent! Go ahead for the bright future of #TRX
— Suman Saha (@suman_saha06) May 12, 2018
Another Twitter user who goes by the name Cryptoape, tweeted:
When we have huge amount of dApps we burn alot of coins ????
— Cryptoape (@AndreasYoshim) May 12, 2018
Speculator Ady tweeted:
Tron your moving the world in to a new direction
— ady (@adyy456) May 12, 2018
Another crypto enthusiast Trader Afrique said:
— Trader Afrique (@Trader_Afrique) May 12, 2018
These developments have helped Tron and its market performance for sure. It’s just been going through the roof. The number of Tron’s TRX holders went above a million which is nothing to laugh at.
The market hasn’t been so optimistic as it’s given TRX a $0.073 value after their highest $0.08. Tron’s has lost 10.4% over the last seven days, but Tron remains the tenth best coin and chances are it will go up again. Consequently, I must say that Tron more likely will throw more surprises on our way even before its Mainnet launch – as this crypto apparently loves surprises.
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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.
Chart courtesy of Tobias Limpert via Flickr
XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
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…
Should Crypto Projects Devote Resources to Community Growth and Marketing?
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
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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 been…