Connect with us

Blogs

Tron (TRX) UPDATE: HitBTC and Cryptopia To Support Token Migration

Published

on

Tron

Global Coin Report can now confirm that the Tron (TRX) token migration will also be supported on the two popular exchanges of Cryptopia and HitBTC. Justin Sun, via Twitter, retweeted the following tweet by Cryptopia further confirming the issue:

With respect to HitBTC, the exchange can now be confirmed to be part of the list provided by the Tron Foundation via their medium page. In a previous article, Global Coin report had got wind of the information of HitBTC supporting the migration, through a reader who had provided an email from the exchange in the comment section of the said article.

The email from HitBTC to our reader named ‘Toni’ was as follows:

“Dear Trader,

As it was already mentioned, HitBTC is going to support the Migration, so no actions are required to receive the new TRX coins.

By HitBTC Support Team”

Going back to the Cryptopia exchange, Global Coin Report had promised to update its users after one of our readers, Brad, commented the following in the same article mentioned above.

“I currently have some Tron on cryptopia but unfortunately tech support said they are not participating in the migration. It’s been in maintenance since May 9th they’re not sure when it will be out of maintenance if it’s still in maintenance after the migration what can I do I am not able to transfer anything. I guess my main question is if I transfer it to another exchange after the coin migration is done will that work thanks for the help.”

Summing it up, the Tron (TRX) token migration will happen on the 24th of June at 0:00 am (UTC + 8) or what Justin Sun likes to call ‘Singaporean Time’. At that time, all the exchanges participating in the token migration will freeze all deposits and withdrawals then take a snapshot of all balances on the exchanges. The token swap will then be done by the exchanges with no need for the users to intervene.

Once the migration is done, withdrawals and deposits will resume on the various cryptocurrency exchanges supporting the migration.

To note is that Binance will be supporting permanent token migration after the 24th. This means if you miss out on the dates of the 21st to the 24th, you can move your ERC20 Tron tokens to Binance and they will do the swap for you.

For the latest cryptocurrency news, join our Telegram!

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 Pexels

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

Published

on

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…

Continue Reading

Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

Published

on

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…

Continue Reading

Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

Published

on

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…

Continue Reading

Press Release