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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

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

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Aluna.Social
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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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Can Libra help the crypto industry to reach new heights?

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Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
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The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.

From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.

What is Libra?

Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.

Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.

The development of…

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