Having secured its place back in the top ten cryptocurrencies by market cap, Tron (TRX) has doubled in value recently, giving the hodlers of this rising crypto-star a welcome boost to their portfolios. Awaiting the release of the TRX main net and subsequent migration of the ERC 20 token from various exchanges, the multitudes of investors cheering the recent price increase are now awaiting the date that this exciting news becomes fully realized.
And while they wait, hodlers must also endure the slight fall-back in value all coins experience after the hype surrounding their favorite altcoin fades. With an insatiable need for instant gratification, a number of weak-hands who rode the currency’s recent wave have abandoned ship before it sets sail. And while this laughable setback may seem disheartening to recent buyers, keen investors regard the current drop in value as a welcome opportunity to add to their stacks in anticipation of the inevitable moonshot.
For many, May 31st, the date set for the main net release may still seem an eternity away. But the countdown has started and before we know it, the 10,000 transactions per second (or more) promised by this exploding entertainment platform will turn the entire crypto-industry on its head, upending the likes of Ethereum (ETH) and supercharging the wallets of believers around the world once again.
Until then, however, we must search untiringly for news-worthy tidbits to keep us entertained.
A recent airdrop to the Ethereum (ETH) community stole the crypto-community’s attention for a short while. The large number of transactions (releasing 30 Million TRX to Ethereum (ETH) investors) was seen as a thoughtful nod to the original smart-contract blockchain platform, without which the TRX dream could not be fulfilled. However, in a twist not foreseen by Vitalik Buterin and his ‘sharding’ followers, delays reported by consumers waiting to receive their tokens only served to highlight the need for a newer, more robust blockchain.
Tron (TRX) will be happy to fulfill that need soon.
Among the reasons to remain excited is the foundation’s commitment to decentralization. Keeping the Tron (TRX) platform decentralized has always been the goal of the founder, Justin Sun. Having released his graduate thesis on decentralization, we can now see that the Tron (TRX) main net is but a step in the direction of decentralizing not just the currency, but the internet as a whole. Having graduated from Hupan University (the prestigious university founded by Jack Ma) Justin Sun will now focus his attention solely on this dream.
Accordingly, exchanges trading the ERC 20 token are showing their support for the coming migration, assuring the market that their coins will be transferred to the main net without the need for consumers to act. Gate.io, among the world’s leading exchange platforms, is showing their support. Binance and Bitfinex are in as well. And as the exchanges of the crypto-universe continue showering support on this blockchain concept, consumers are beginning to feel much more relaxed about leaving their TRX on their favorite exchange, to be transferred automatically in the coming weeks.
The day nears when the world’s TRX is no longer confined to the Ethereum blockchain. And starting on that day, the real value of this incredible crypto-product will begin to be truly realized. By user base alone, Tron’s main net will prove the largest blockchain currency available. By transaction speed, it will prove the fastest. And with the hardest working founder announcing the platform’s accomplishments from the top of his lungs (thanks Twitter), the world will soon be forced to reckon with a brand new blockchain.
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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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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
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…
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…