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TRON’s (TRX) Justin Sun Teases a Secret Project Starting on July 30

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The creator of TRON (TRX) Justin Sun has hinted recently that TRON will have another project soon, starting on July 30th. There is currently no information on what Sun calls the ‘secret project’, which has led many to wonder – what is Sun planning next?

TRON’s many achievements

Even after all of the successful projects that TRON has had in the recent months, this cryptocurrency still doesn’t show any signs of stopping. And there were many, many victories for this crypto recently, and if we were to only talk what TRON has managed to do in June alone, it would take us a long while.

Apart from achieving a lot recently, TRON has also promised a lot. Following the launch of the MainNet, TORN has spent weeks uncovering new features that the MainNet will offer. Additionally, there was even an announcement by Tronics University, which is a platform based on TRON’s MainNet that will focus on offering education regarding cryptocurrencies and the blockchain technology.

The announcement did not really offer a lot of detail, but the post did allow the idea that the students might be incentivized to learn.

It’s important to mention that Tronics University is not truly a TRON-backed project. Instead, it belongs to Team Tronics, who was participating in the election for TRON’s Super Representatives.

Justin Sun mentions a secret project

Nearly two weeks back, when Justin Sun decided to commemorate TRON’s Independence Day by speaking in a live stream, he mentioned something that has caught the attention as well as the imagination of many of TRON users. He first congratulated the team for managing to meet all the deadlines and follow TRON roadmap with extreme precision. He reflected on all that the crypto has managed to accomplish so far, and has stated that the next important milestone will be July 30.

Not only that, but Sun also mentioned that this is the date when TRON’s new secret project will start, or at least be revealed. Finally, he promised that this will also be the date when TRON Virtual Machine will be delivered.

This has left the coin’s community quite astounded, and everyone is (im)patiently awaiting the end of July.

TRON Virtual Machine is coming soon

This mentioning of the TRON Virtual Machine is, of course, nothing new, and the team has already launched the project’s alpha version on May 25. The Virtual machine’s purpose is to help MainNet developers to make their very own versions of the blockchain. That would directly allow coin creation, as well as the use of smart contracts.

Sun has described this new blockchain as convenient, scalable, efficient, and secure. This might be a big game-changer for TRON, considering how most of the smart contracts were being created on Ethereum. However, TRON’s decision to enter this field has brought several advantages to those who decide to go for TRX instead of ETH.

One of the biggest advantages is the fact that the Virtual Machine is going to be free for operating both smart contracts, as well as performing transactions. TRON’s goal is to deliver a product that will make the developers’ jobs easier and more economical, which will lower the entry barrier for new MainNet developers.

Obviously, TRON is no more only a cryptocurrency at this point. Instead, it is trying to completely change the online entertainment world, and it plans to do so through the use of the decentralized network. Of course, TRX is still an important part of this plan, since it acts as MainNet’s backbone. It can and will be used for pretty much anything, from gaming to academic portals.

As for the secret project that Sun has mentioned in his speech, both the TRON enthusiasts, as well as the rest of the crypto world, can only speculate on what it might be about. At least until June 30th, when Sun has promised to unveil where TRON is planning to go next.

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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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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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Altcoins

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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