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

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Tron

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

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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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…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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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…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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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…

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