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TRON’s First DEX Goes Live on TronScan

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TronScan
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The eleventh largest cryptocurrency by market cap, TRON (TRX), has recently announced plans to launch a decentralized exchange (DEX) on TronScan. According to the new announcement posted by TRON’s CEO, Justin Sun, the team kept its word, and TRON’s first DEX is now live.

The need for decentralized exchanges

TRON’s goal to decentralize the web has caused this project and the team behind it to make multiple large moves, most of which were in 2018. The project already launched a MainNet, transferred all of its tokens, entered numerous partnerships, and has also announced big plans for the future.

However, while TRON managed to remain decentralized, the same cannot be said for most cryptocurrency exchanges. In fact, the centralization of exchanges goes against everything that cryptocurrencies stand for. In the past, cryptocurrencies and blockchain technology were still new and underdeveloped. The need for exchanges appeared, and centralized institutions took over.

In recent years, however, this technology matured enough for decentralized exchanges to start appearing. While still flawed, many investors decided to support them, in hope of reaching true decentralization. Now, TRON joined this move by launching its own DEX.

Tron’s first DEX

Thanks to projects such as several dApps that have already grown popular, as well as TRON’s new DEX, TRX has seen quite an increase in daily trading volume. In fact, it is now rare for this currency to have a volume lower than $100 million per day. It even managed to break the record previously held by Ethereum.

Many have taken this as proof that TRON’s DEX is already quite busy, especially considering that the exchange is currently offering 10 different tokens, all of which are paired with TRX. These include:

  1. dice/TRX
  2. ton/TRX
  3. IGG/TRX
  4. WIN/TRX
  5. CryptoDivaFund/TRX
  6. TWX/TRX
  7. TronWatchMarket/TRX
  8. SEDD/TRX
  9. CryptoGuyInZA/TRX
  10. CryptoChain/TRX

The exchange has attracted a lot of attention, and supporters of the listed tokens have taken to trading on TRON’s platform as well. In the meanwhile, Sun has invited the TRX community to come up with additional tokens and projects for the purpose of expanding the TRON ecosystem further.

At the time of writing, cryptocurrencies (TRON included) are experiencing another severe drop that has interrupted the recent period of recovery. Because of this, TRON price has dropped significantly, and the coin has experienced a 14.49% fall in the last 24 hours. It is currently priced at $0.018284, although many believe that this is a short-term incident and that the price will soon grow back up.

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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

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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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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