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TRON (TRX) Token Migration is Underway – Don’t Miss your Chance to Move the Coins

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TRON

After months and months of announcements, waiting, and wondering what consequences the move will have, TRON (TRX) has finally launched its MainNet – Odyssey 2.0 on May 31. It has been two weeks since the launch, and the token migration is happening right now. Do not miss your chance to transfer your coins while you still can.

Odyssey 2.0 has arrived

May 31st was the date that many of the TRON (TRX) enthusiasts were waiting, which is the day when TRON’s MainNet will finally go live. It finally happened, and Odyssey 2.0 can now be downloaded from TRX’s Github page. This was a big achievement for the TRX token, since it marks the beginning of the token migration which will see this crypto going ‘home’, to its own blockchain, while leaving its birthplace – Ethereum’s blockchain.

The MainNet has done a lot, and that includes merging 547 forks, accumulating over 2,150 revisions, adding 102 additional features, as well as releasing up to 15 software iterations. However, the most important thing for TRON itself seems to be the migration itself, since the crypto is eager to ‘shed off its ERC-20 identity’. This is mostly due to the fact that the team is excited to see their own scalability and decentralization solutions in action.

The new network will be capable of offering an amazing speed, which will be up to 400 times faster than what Ethereum can offer. With that in mind, it is no surprise that the coin can’t wait to find itself in a new environment.

Switch your tokens while you can

The token migration has already started, and it is expected to end on June 25. The TRON community has started calling this date an ‘Independence Day’. When it comes to the switch itself, it will be done automatically, but only if the coins are in those exchanges and wallets that are supported. The transactions will be handled by the third party, and the token holders will have their coins converted into their new form.

In case that someone misses the migration, the manual switch to the new blockchain will not be possible. Instead, those who did not allow their coins to migrate will have to wait for the next switch date. It is not known when it will be scheduled, nor which exchanges will have the ability to do it, which is why it would probably be best if token holders can ensure that the migration can happen now.

The switch and the token migration are being supported by various large platforms, including Bit-Z, Coinrail, BITKOP, Bitfinex. Bithumb, Okex, Bitpie, Binance, DragonEx. Coinnest, Liqui, Bittrex, Gate.io, Bixin, UpBit, RightBTC, Huobi Pro, and ZebPay.

Another important thing regarding the Independence Day is that this is also when TRON will announce its Super Representative election results. The top 25 of them will become the network’s primary nodes, and they are being chosen by community voting right now.

TRON was the main topic for days

The launch of the MainNet was a long-expected development, and in the days following the launch, there has been a rather impressive amount of hype on social media. TRON’s founder, Justin Sun, has stated that the internet is talking about TRON more than Bitcoin or Ethereum. Twitter has seen an incredible amount of TRX-mentioning, while the community and TRON enthusiasts, critics, holders, and everyone else involved with this crypto posted over 1500 TRX-related videos on YouTube per day.

What’s more, TRON has more token holders than any other crypto. The current number of them is at around 1.04 million, and none other crypto comes even remotely close to this. The second place in token-holders is reserved for EOS, which only has 360,000 of them.

Additionally, Sun has announced a large bug bounty program shortly after the launch. Its goal is to find all potential flaws in the MainNet, fix them, and make it as perfect as it can get.

There is only one part of TRON that doesn’t seem to thrive in the current conditions, and that is the price of TRX. Many have expected that the price will spike with the launch of the MainNet, and some have probably even counting on it to do so. However, no such event was triggered by Odyssey’s launch. Still, the price has been relatively steady recently, currently being at $0.042394, which might indicate the market’s confidence in the new network.

Since the launch, TRON has entered over half a dozen new partnerships with various exchanges and other entities, which is just another sign that this crypto is continuing on its way to market domination.

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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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Altcoins

My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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Altcoins

Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving

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Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

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Altcoins

BITTREX GLOBAL CONFIRMS FREE TRADING AND LISTING FOR TOP DEFI TOKEN

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Valduz, Liechtenstein, 17th November, 2020, // ChainWire //

International cryptocurrency exchange promotes free trading and no gas fees for leading DeFi tokens

17th November 2020 — Bittrex Global GmbH. announced today 8 new DeFi tokens will be listed this week including:

  • UMA (UMA)
  • Aave (AAVE)
  • Balancer (BAL)
  • REN (REN & renBTC)
  • Kyber Network (KNC)
  • Band Protocol (BAND)
  • YF Link – (YFL)

Bittrex Global’s users can trade all of their DeFi  tokens with no trading or gas fees until 2021. The decision to enable free trading on Bittrex Global for DeFi tokens  follows on from the 1,000% growth of the DeFi asset class over the course of 2020.

The decision to enable free transactions will see more investors enter the Blockchain Act’s digital asset regulatory system, supervised by the Financial Market Authority in Liechtenstein (FMA) under the Due Diligence Act which requires traders to comply with the KYC/AML/CFT standards.

“The last year has seen huge growth in DeFi as an asset class and a number of significant milestones completed,” said Bittrex Global’s CEO Tom Albright. “As the asset class matures and more institutional and professional investors look at the fundamentals, we are likely to see increased demand and higher trading volumes for DeFi in 2021.

We’re really excited about what we’re seeing in the space and want to see these DeFi projects grow and help them build stronger platforms through increased adoption. Offering free trading fees…

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