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Tron’s (TRX) Growing Popularity Through Airdrop

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Tron TRX Airdrop
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As Tron (TRX) prepares to go live with its MainNet launch that’s scheduled for May 31st, CEO, and founder of Tron, Justin Sun is building coverage and interest by rewarding the TRX society with what he calls ‘TRX candies.’ The TRX airdrops or candies are received by individuals who invite friends to the Tron Telegram Channel. With the TRX airdrop giveaway currently ongoing, what you need to do to become a beneficiary of this giveaway is follow the link allocated and enter your appropriate ETH wallet details.

Insignificant Payout, Significant Marketing Gains

Everyone undoubtedly welcomed the airdrop giveaway as a generous gesture meant to appreciate Ethereum for providing the essential assistance for the ERC20 complaint before the inauguration of the upcoming MainNet. However, it’s the message, and attention the ‘TRX candies’ giveaway draws, the marketing advantage Tron currently enjoys ahead of the crucial launch of MainNet.

At the time of writing, TRX is trading at $0.063 with a total market capitalization of approximately $5.5 billion. A decrease of 1.63% in just 24 hours. This puts the total worth of the airdrop to an estimate of $2.5 million. The popularity of the coin and investor confidence is set to get a boost following South Korea’s decision to make ICOs legal.

However, it’s evident that young people who are getting into the market are standing on the sideline of virtual currency, waiting for the hype to die down. The older generation investors are the ones consuming the Wall Street advice; they have limited understanding of how cryptocurrency works.

Tron’s Hype Machine

With every other Altcoin in the cryptocurrency ecosystem competing against Ethereum (ETH), any positive price change on ETH creates a lot of anxiety and talk among investors. This is because its one of the strongest and stable coin in the market at the moment, and as its normal for critics, they choose to look more at the flaws rather than the gains.

Following the completion of Tron’s airdrop to Ethereum user base, cryptocurrency enthusiasts are anxiously waiting to see whether Ethereum’s worth and prices are maintained or the recent appreciation was attributed to the airdrop. Tron has been and is still gaining impetus, and a bull run looks to be in the offing.

It’s never easy distinguishing fact from fiction when it comes to Tron. Tron’s blockchain has many people excited about the future of online content creation and distribution. However, an infringed whitepaper and rumors that Justin Sun had sold more than 5 billion TRX coins have made some investors uncomfortable with the blockchain.

The investors voiced their displeasure over Tron’s marketing strategies and controversies. They argued that the blockchain should allow its platform to speak for itself and avoid marketing gimmicks like the recent TRX giveaway as empty, propaganda-based marketing that takes away more than it contributes towards the MainNet launch. Even so, what the protestors fail to consider is that there is nothing like bad publicity.

Tron continues to generate commendable recognition for its growing acquisitions and strategic partnerships with barely a month, and just recently, Tron announcing they would be partnering with vSport in creating a prediction platform for this years FIFA World Cup. Right on the money!

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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.

Image courtesy of Pxhere.com

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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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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collateralized debt position
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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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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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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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