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TRX Coin News: New TRON Plans For BitTorrent

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TRX coin news
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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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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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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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