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Verge (XVG) Is Not Slowing Down, Collaboration with TokenPay Is the New Goal

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Verge

Verge (XVG) disappointed many with the token price after revealing partnerships with Brazzers, PornHub, and other companies. However, the team behind it is still ready to make new progress and suffers no setbacks.

TokenPay’s plans for the future

Recently, TokenPay mentioned that the new partnership with Verge might soon come to pass, and it might also bring even the XVG debit cards.

A recent tweet by TokenPay states that they signed a bank deal in Germany, which supposedly happened weeks before it was expected. They also said that closing is to happen soon, probably before the following weekend. However, it will be followed by an official announcement. Finally, the tweet also mentioned that XVG and TPAY debit cards should be expected soon.

When it comes to TPAY, this is an anonymous and a very secure blockchain project that came from TokenPay’s ecosystem. Initially, the platform only consisted of a P2P transactional system which guaranteed anonymity. This very system is what will make use of TPAY tokens, which will be the exchange’s base model.

According to the team, transfers from one wallet to another can be done in an instant, and all it takes is about two seconds for the process to be completed. The network on which it is done is a TOR network which is also driven by a blockchain. The desktop wallets allow for staking coins, as well as receiving rewards, and the very act of staking will be the power of the decentralized network. It is also the reason for the speed of transactions.

An additional statement from the team says that there are currently tens of thousands of individuals who are committed to staking TPAY. Their numbers are growing on a daily basis, and one reason or this is that TPAY is currently the only one with a proof-of-stake Android wallet for Bitcoin on the market. Not only that, but the team is also working on developing a version of it for iOS users too.

The goal here is to make the trade be as automatic as it possibly can through a decentralized exchange. Along with that, they are including an atomic swaps support, which will include BTC, TPAY, EFIN, and XVG.

Both sides can benefit

Regarding the partnership between TokenPay and Verge, TokenPay stated that they already contributed around 66,500,000 XVG. This was given to the crowdfunding campaign that Verge runs so that the major coin deal and partnership between the two entities will be beneficial for both of them, as well as their communities.

The mutual goal here is for them to become one of the 10 biggest contenders in the world’s crypto market, and both teams are dedicated to reaching this goal. Additional information about the partnership will be released publically, but for now, it is known that the alliance will include both XVG and TPAY debit cards.

Another tweet by TokenPay stated that in their search for transparency, they wish to inform their community on every step of the way. Because of that, they promised more information after the transfer of shares. The important thing here is that the deal was already signed.

There was also a tweet from XVG core team member, Cees Van Dam. Van Dam said that Verge always delivers, even though they can be a bit late sometimes. All that the team needs currently is the community’s patience, and everything will come in due time.

Verge can now also be found on BitPro, and it is available for trading, along with additional 11 cryptos. XVG’s current price is at about $0.072, which is due to a 12% increase that happened in the last 24 hours. Its market cap is estimated to be at $1.076 billion, which ranks Verge at the 25th place.

A Twitterati, Vegan Folkert, stated that Verge is advancing rapidly with these partnerships and integrations.

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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.

Image courtesy of Jan S0L0 via Flickr

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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