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Tron (TRX) is about to decentralize the web and reshape the world, here is how

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Tron TRX

At the time of writing, Tron (TRX) is priced at $0.03669 (went up by 6.08% in last 24 hours) with a market capitalization of about $2.3 Billion, according to CoinMarketCap. The digital asset has been trending due to its recent activities. It is worth noting that Tron (TRX) stands No.1 out of the top 10 most mentioned cryptocurrencies on Twitter. Others are BTC, ETH, LTC, XRP, XVG, DGB, BCH, ADA, and EOS, according to CoinTrendz.com. It seems Tron’s CEO, Justin Sun is making sure Tron is on a futuristic path for mass adoption.

Why is Tron (TRX) trending globally on social networks such as Twitter? It is because of its goals to transit the world to a decentralized future.

Tron’s BitTorrent acquisition is not an ordinary thing

Tron is a blockchain platform that uses the decentralized technology for content creators to create and share contents. The blockchain platform also enables content creators to own their data without restrictions. As mentioned above, the blockchain protocol went ahead to acquire BitTorrent.

After the launch of Tron’s mainnet, the co-founder of BitTorrent recently declared that Tron has purchased BitTorrent for $140 million USD. Although, this acquisition hasn’t been confirmed by Sun yet.

Wondering how this all started? Well, there have been speculations that Tron will acquire BitTorrent since last year due to the fact that Tron Foundation was interested in the company. During that time, Sun placed a restraining order on BitTorrent to prevent the company from seeking other buyers during the time of bidding. After some time, Sun removed his restraining order and went on to buy the company.+

BitTorrent is a company that had raised millions even ten years ago in the entertainment industry with its P2P network, but along the way, their goals weren’t able to pull through and as a result, they decided to lay off some staff, and change the way services are rendered.

Later onwards, the company recorded a huge success and began to get more than 100 million users every month as a result of its P2P services. Tron’s acquisition of BitTorrent is a major step by the platform to decentralize the world and change the entertainment industry once and for all.

Tron wants to create its own free content platform by making use of its blockchain technology. Tron’s acquisition of BitTorrent will enable its users to create, distribute, and store data without being charged a dime. This feat will also enable people to create a decentralized platform for sharing contents.

Over the years, the sharing of contents for entertainment can only be done on platforms like Facebook, YouTube, Stream, etc. But with Tron’s recent acquisition and its goals to decentralize the world, there could be a big change and a revolution in the entertainment industry very soon.

It is important to note that major exchanges have resumed the deposit and withdrawal of TRX after Tron first moved its tokens from ERC20 to its mainnet tokens. Exchanges such as BitFinex, CoinEgg, and Binance have stated their support for the digital asset.

There are lots of good things surrounding Tron and its future – but currently, the digital asset is planning to improve its services and lead the way in decentralizing and changing the world for good.

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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.

Image courtesy of Maxpixel.net

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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