Verge XVG is a digital currency specially designed to be used in everyday life. It was inspired by Bitcoin blockchain technology, but it also brought massive improvements upon it. The coin’s true goal is to actually fulfill the purpose that crypto and blockchain technologies were originally created for. Through the use of Verge XVG, both businesses and individuals can achieve efficient, fast, and completely decentralized transactions.
In addition, the coin is also capable of protecting users’ privacy. To better explain Verge, its developers have answered several questions in order to help new investors get better acquainted with the coin and its goals.
1) What problems is Verge XVG focusing on?
As many are already aware of, there are numerous real-world problems that cryptocurrencies can help provide solutions to. Verge has set up a goal of empowering people around the world, by providing them with an easy way of making transactions via blockchain technology. Not only does Verge allow its users to engage in direct transactions, but it also allows them to do it efficiently, quickly, and privately.
To achieve this, Verge is using numerous networks with a focus on anonymity, such as I2P, and TOR. That way, it can completely protect the IP addresses of its users. Even its Core QT wallet has an SSL encryption and TOR integration in order to add extra security levels to it.
2) What opportunities do the coin holders get?
Verge already has numerous use cases, and its users can pay for goods and services from over 120 vendors around the world. While the coin itself has lost a significant amount of value during this year’s bear market, there is nothing that will stop it from reclaiming it when the market situation improves. Not only that, but the project itself has quite a value to it, so possessing XVG coins will certainly pay off in the long run.
Verge manages to remain a public blockchain that focuses on anonymity and privacy, which makes it especially attractive to those who wish to keep their business dealings private.
3) How to join Verge community?
Verge has a strong presence on numerous social media platforms, such as Twitter, Facebook, Telegram, and Discord. Users can reach out to the project’s core team members at any time, and provide support, ask questions, or report a problem. The team is responsive and active, and they love even simple idea discussions. Not to mention that the project is open-source, so skillful developers can even provide assistance via Github.
4) The best way to get Verge coins?
There are numerous exchanges that a new coin supporter can use to buy Verge, and that includes centralized and decentralized exchanges alike. The most convenient way would be the purchase of XVG via credit card, or to exchange any other coin for it. XVG enthusiasts can do it quickly, and without the need on registration on changehero.io.
5) What awaits Verge in the future?
As mentioned, the price of Verge is currently not at its peak. However, the team behind the coin believes that this is not permanent and that the value will increase as the coin becomes more adopted. The next few months will also see numerous development improvements that the team is currently still working on.
For now, Verge XVG serves as a payment method for over 120 vendors, and the team wishes to increase their number. That way, they will provide coin holders with an easy way to spend their coins, but they also wish to provide them with an even easier method to buy new XVG tokens. The first step towards achieving this goal is the collaboration with changehero.io. However, as always, the team wishes to improve things further, and they work tirelessly to do it.
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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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Should Crypto Projects Devote Resources to Community Growth and Marketing?
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…
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
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.”
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My Crypto Heroes Announces Issuance of MCH Governance Token
Tokyo, Japan, 24th November, 2020, // ChainWire //
My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH.
My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.
What is MCH Coin?
MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.
Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.
The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:
During December 2020 the first governance…