Connect with us

Altcoins

Tron’s (Trx) Rapid Development Hints at the Project’s Full Potential

Published

on

TRON

It has been less than a year since TRON (TRX) launched its MainNet, but during this short period, the project has seen a massive amount of success. Not only did it partner up with countless exchanges and other projects, but it also went through a token migration, token burns, and a Super Representatives election.

Then, it acquired BitTorrent and announced Project Atlas, which later led to the launch of the BitTorrent token (BTT). In addition, it launched its own DEX, its ecosystem exploded with dApps and smart contracts, and it even managed to beat several records regarding the number of transactions per day and week.

While all of this already seems like more than a project should be able to achieve in less than a year — it is only the tip of the iceberg in TRON’s case. Misha Lederman, who has been elected as an advisor to the dApp Evolution Ecosystem, and who is deeply respected within the TRON community, often points out TRON’s achievements.

He recently noted that TRON’s number of dApp users exceeded 88,928 on April 30th, while the project had over 407 active dApps at the time. In addition, TRON is nearing its 1,000th smart contract, which proves that developers are favoring the ecosystem more than ever.

While the project is young, it is extremely innovative, brimming with enthusiasm, creativity, and has a rapidly-growing user base. There is proof of this as well, as the project already has over two million addresses.

With all of this in mind, it is clear that TRON is slowly, but surely, becoming one of the most popular platforms in the world of blockchain. The project has managed to avoid controversies and scandals, unlike other coins, particularly Tether (USDT). Meanwhile, TRON’s dApp number is growing as well, with new ones getting launched all the time. With a situation like that, it would not be surprising if TRON surpassed EOS in terms of dApp innovation, and become the so-called ‘Ethereum Killer.’

TRON vs EOS and Ethereum

While TRON may be at the 11th spot in terms of market cap, it is only third when it comes to dApps. EOS still holds the second place, while Ethereum leads. However, this situation might change in weeks to come, if TRON’s development continues at this pace.

Ethereum will be a much more difficult project to surpass, as it already has over 1700 dApps, where TRON still has just a bit over 400. However, it is also important to note that Ethereum has been developing dApps for nearly four years now, while TRON had less than one. In addition, the speed at which TRON dApps are coming out is increasing, while Ethereum’s developers appear to be migrating away in favor of EOS and TRON.

Finally, as proof that the perspective does matter, there is CCID (Chinese Ministry of Industry and Technology Development), which made its own list of best projects. On their list, EOS currently leads as the best one, while TRON is a close second. However, this list does not focus on the number of dApps, but instead on creativity, innovative ideas, the applicability of an asset, and essential technological ability.

TRON is certainly deserving of the high rank, and it is likely only a matter of time before it surpasses EOS. As for Ethereum, it is still one of the most important projects ever to be developed, and that will never change. However, Ethereum’s focus is on smart contracts, rather than the coin or dApps, which is still an area where the project dominates, and that is unlikely to change anytime soon.

For the latest cryptocurrency news, join our Telegram!

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 Pexels

Altcoins

Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving

Published

on

Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

Continue Reading

Altcoins

3 Reasons Why Liquidity Dividends Protocol (LID) Will Be a Huge Winner

Published

on

Liquidity Dividends Protocol

Since 2017, cryptocurrency has experienced both the crazy highs and the crazy lows with fortunes being made and lost overnight.  That volatility is one of the main reasons why cryptocurrency has been relatively slow to gain mass adoption.  In addition to volatility, another concern for many is the lack of security and regulation in the market.  This can be seen through the countless exchange hacks and rug pulls that seem to occur on a weekly basis.  In order for cryptocurrency to move into the next stage of maturity and bring on mass adoption, investors and users will need to feel secure knowing that their funds are safe.  One promising organization that may have the perfect solution is Liquidity Dividends Protocol (LID).

What is Liquidity Dividends Protocol?

Liquidity Dividends Protocol is an up and coming organization that provides locked liquidity services to cryptocurrency projects that launch their offerings through ERC-20 tokens.  It lets non-custodial pre-sales lock liquidity of a token in a trustless manner through Uniswap.  This locking process will prevent every investor’s worst nightmare of seeing their hard-earned money disappear through “rug pull” scams that are designed to remove liquidity out of DeFi projects.

This year has seen an explosion of interest in Uniswap and DeFi projects.  Many investors have generated enormous returns on investments, but many have experienced the pain of being duped.  Below are three reasons why LID Protocol is poised to be a massive winner in…

Continue Reading

Altcoins

BITTREX GLOBAL CONFIRMS FREE TRADING AND LISTING FOR TOP DEFI TOKEN

Published

on

Valduz, Liechtenstein, 17th November, 2020, // ChainWire //

International cryptocurrency exchange promotes free trading and no gas fees for leading DeFi tokens

17th November 2020 — Bittrex Global GmbH. announced today 8 new DeFi tokens will be listed this week including:

  • UMA (UMA)
  • Aave (AAVE)
  • Balancer (BAL)
  • REN (REN & renBTC)
  • Kyber Network (KNC)
  • Band Protocol (BAND)
  • YF Link – (YFL)

Bittrex Global’s users can trade all of their DeFi  tokens with no trading or gas fees until 2021. The decision to enable free trading on Bittrex Global for DeFi tokens  follows on from the 1,000% growth of the DeFi asset class over the course of 2020.

The decision to enable free transactions will see more investors enter the Blockchain Act’s digital asset regulatory system, supervised by the Financial Market Authority in Liechtenstein (FMA) under the Due Diligence Act which requires traders to comply with the KYC/AML/CFT standards.

“The last year has seen huge growth in DeFi as an asset class and a number of significant milestones completed,” said Bittrex Global’s CEO Tom Albright. “As the asset class matures and more institutional and professional investors look at the fundamentals, we are likely to see increased demand and higher trading volumes for DeFi in 2021.

We’re really excited about what we’re seeing in the space and want to see these DeFi projects grow and help them build stronger platforms through increased adoption. Offering free trading fees…

Continue Reading

Press Release