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.
2 TRX giveaway? You guys are crazy to spend that much for a giveaway! pic.twitter.com/epv59orW58
— Wahid ???????? (@wahidsvlogs) May 23, 2018
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.
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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.
NFTs are already being actively traded in markets globally. For…
Should Crypto Projects Devote Resources to Community Growth and Marketing?
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.
Cryptocurrency vs. Blockchain Technology
It’s important to make a distinction between blockchain technology and cryptocurrency. Although they are often used interchangeably, they are different. Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has been…