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TRX Coin News: New TRON Plans For BitTorrent

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TRX coin news

TRON (TRX), one of the most popular cryptocurrencies around, has just announced two big moves that will likely make it even more popular. These TRX coin news include a launch of the first TRON blockchain-based game, as well as plans for rewarding rewards for BitTorrent file sharing.

TRX coin news announces a new blockchain-based game

TRON has made a lot of members of the gaming community really happy with a recent announcement posted by Justin Sun. According to him, a company called BitGuild has been using TRON blockchain for creating the first idle blockchain-based game in the world — Magic Academy.

The game will revolve around the creation of wizards, and especially various upgrade items that will increase their power. Additionally, players will have an in-game currency — Jade — which is based on the TRC20 token. By buying additional warriors and increasing their battle power, players will also be able to attack others and steal their Jade. Not only that, but the game will also offer unique items that will be based on TRC721.

Finally, Magic Academy is written through the use of Solidity programming language, which is also compatible with TRON MainNet via TVM.

BitTorrent users to be rewarded for seeding with TRX

In another announcement, Justin Sun stated that BitTorrent is about to receive a new update. In this TRX coin news, it was announced that users who decide to seed content will be rewarded for file-sharing with TRX coins.

Until now, sharing content was free. Content providers, or seeders, allowed others (leechers) to download it due to their wish to help the BitTorrent community. Other than that, seeders had no greater incentive to save the content or to keep it available for others. Now, however, this is likely to change.

The statement came after the one that announced TRON’s new Project Atlas. The innovation is seen as one of TRON’s first bigger moves on the road to transforming the industry of content distribution.

According to Justin Sun, the new way of content distribution is what Project Atlas is all about. It will also improve the download speed, and it will provide more seeds. Additionally, there will be no mining, and the project will also introduce backward compatibility. This backward compatibility will allow BitTorrent users to enjoy the same services with no regard to their choice of Torrent client.

Seeders will also be able to receive payments from other users for providing additional bandwidth to their equipment. This is how download speed will be increased, while both sides will have a reason to become TRX owners.

According to Sun, the move will eventually empower content creators, as well as their communities. It will also eliminate the middleman, and content creators will be able to reach their communities directly.

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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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