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Tron (TRX) Will Dominate in Q3 of 2018 and Beyond

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There has been a feeling of investor fatigue amongst the Tron (TRX) Community of HODLers who have been waiting for a Moon landing of their favorite digital asset. In just one year, the Tron project has accomplished some feats only seen by fortune 500 companies. We are talking about acquisitions and partnerships from all across the globe in a matter of a year. We have the acquisition of BitTorrent and its endless possibilities as shall be elaborated in a few. We have even the Tron Foundation partnering with MOSHROOM which is a portable smart toilet manufacturer with aims of improving public health in the greater China and India region.

So why will Tron Dominate in Q3 and Beyond?

Unbeknownst to many, the Tron Mainnet has not yet started ‘hosting’ Decentralized Applications. The current version of the Tron Virtual Machine is a test version that is for the world of developers to test drive and find bugs before the main Virtual Machine is upgraded onto the Mainnet on the 30th of August. This means that the Tron DApps such as Peiwo with 10 Million users, are yet to be migrated onto the Mainnet. Once that is done, the Tron network instantly gets a cool 10 Million accounts and users. There is also an additional 17 DApps that are yet to migrate onto the Tron Mainnet. Once this is accomplished, it is all systems go for the Tron platform.

Secondly, there is excitement in the Tron Community that there will be a Decentralized Exchange that is built on or geared towards the trading of tokens that will be created on the fully integrated Mainnet. We all need to remember that the Tron network will be smart contract capable with a speed of 2,000 transactions per second. This means that tokenization will be a breeze for any ICO that wants to build on the Tron Network. There is also the possibility of artists and content creators, funding their projects in a crowdfunding manner using the Tron Network and their own tokens with dividend sharing capability. These tokens will need a Decentralized exchange that has been rumored to be called TRXMarket.

Tron Decentralized Exchange

Thirdly, the Tron Community is leading the way in terms of cryptocurrency adoption. We have cases where TRX is being accepted as a form of payment for Taxi rides in Spain as well as in restaurants in the same country. There is also Bitnovo.com with over 20,000 stores in Spain and Italy where you can buy TRX. The pace and speed at which TRX is becoming a medium of exchange is astonishing and could soon eclipse larger coins such as Litecoin. We even have TRX being part of the Bitcoin Superstore.

The fourth and final reason why TRON will dominate in Q3 of 2018, is Justin Sun’s vision of a decentralized internet. After the acquisition of BitTorrent, Justin presided over a company-wide meeting – San Francisco and Beijing Offices – facilitated via video conference call. During the meeting, Justin outlined his vision of returning the internet back into the hands of the users. He is quoted as saying:

“The Internet was decentralized when it was first created. Since Web 1.0 in the 80s, we believed that Internet services should be built upon an open protocol shared by the web community…TRON intends to be the largest decentralized Internet ecosystem in the world. With the mission of making the Internet decentralized once again, we are dedicated to making decentralized Internet services available for everyone in the world.”

The mission to decentralize the Web starts now and will take between 10 and 20 years to complete. Justin and the Tron foundation is committed towards this vision. This process will be made possible by the integration of the BitTorrent platform via Project Atlas.

In conclusion, the investor fatigue is very much understandable in relation to TRX. But it is often said that greatness comes with hurdles. One of the hurdles is the current bear market preventing TRON from being great in the markets. But that is okay since all the focus is on developing a solid platform by the Tron Foundation.

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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

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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