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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

HODLing Stellar Is A Good Plan For 2019

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HODLing
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HODLing, or holding on to a certain asset or assets has always been an extremely useful investment strategy, even before cryptocurrencies were even imagined. Now, with the market being more uncertain than ever, many are wondering what is the right thing to do with the coins in their possession.

Of course, things change depending on the coin in question, but today, we are going to talk about why it is a good idea to hold on to your Stellar (XLM) in 2019.

Why You Should Hodl Stellar (XLM)

The crypto market is rich with hundreds, and even thousands of different projects at this point, and separating valuable ones from those that are destined to slowly fade away can be tricky. However, even the biggest skeptics believe that Stellar is a coin that is here to stay.

XLM was first launched in 2014, and for a long time now, it has been among the top 10 cryptos by market cap. It is an open-source, decentralized protocol that allows users to send fiat currencies by using cryptocurrency as a method of transport. In a lot of ways, it is very similar to XRP. However, the biggest difference is that Stellar aims to offer its services to regular people, while XRP is more interested in working with banks and financial institutions.

Nevertheless, sending money, especially when it comes to cross-border…

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Reasons To Invest In Electroneum In 2019

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Electroneum
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2018 has been quite a rollercoaster for the crypto space. Coins went up and down more times than anyone could have guessed, not to mention two massive market crashes. However, in a few short weeks, the year will be over, and a new, positive period for the crypto world is expected to arrive.

While there are many predictions for 2019, today we are only interested in one thing — Electroneum (ETN). A lot of people quickly took notice of this coin, and many believe that it is among the coins of the future. Indeed, it has received a lot of attention, and many are interested in why that is, and why investing in it is a good idea. So, let’s take a look at a few reasons why you should invest in ETN in 2019.

1) It is fast

Speed and precision of any service have always been very important to people. This importance is even greater when making a profit depends on it. Electroneum developers were aware of this when they created it, and the coin is up to 5 times faster than Bitcoin. This means that ETN transactions can be confirmed much faster, which in turn reduces fees and waiting time.

Furthermore, there are also plans to create Electroneum Virtual Currency Exchange, which will allow the project to act as an exchange. However, the even…

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Altcoins

STEEMIT Running Out Of STEAM?

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Steemit
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Has Steemit seen its glory days run dry? There have been many rumors that the CEO Ned Scott has pushed the company to the blockchain focus that he forgot about Steem being a social media platform. Now, these are just things some of the former employees have been heard saying, but it is a rather interesting take as to what is going on. Give the following video a watch where I break down what is happening with Steem. I also give my thoughts on what may happen to other large ICOs and how we may see this trend continue as we have seen with ConsenSys laying off 10% of their workforce.

If the big name projects are starting to do this will it also have a trickle-down effect on other ICO’s which have no products and are running out of cash? I definitely think so, and I also see this negatively affecting Ethereum for the mid-term. The question many have been asking is just how long can the bottom 1800 projects last with the current market conditions? How many ICOs did not liquidate their Ethereum and now are stuck with 1/10th the cash flow or more in some cases, how will they pay to continue operations? What about the growing number of projects laying off employees…

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