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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

My Crypto Heroes Announces Issuance of MCH Governance Token

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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:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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Altcoins

Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving

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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…

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Altcoins

BITTREX GLOBAL CONFIRMS FREE TRADING AND LISTING FOR TOP DEFI TOKEN

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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…

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