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Verge (XVG) Just Had Its First Successful Crowdfunding Campaign

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Verge has been around since 2014 when it was first launched as an ICO, and still, we haven’t seen any improvement or groundbreaking changes regarding this currency – at least not until now as Verge just had its first successful crowdfunding campaign. Although the official Verge Twitter account tweeted about the crowdfunding campaign days ago in a way that can be categorized as a bit peculiar, it seems that the team behind Verge and its currency managed to collect the set amount of XVG in the given deadline thanks to the devoted holders and investors. How is Verge doing at the current moment and are there any novelties revolving around the future of Verge?

Verge and the Crowdfunding Campaign

Days ago, it was announced via official Verge Twitter account that a crowdfunding campaign would take place, starting from March 20th. The original tweet stated that the team will unlock and unveil a mystery partnership in case the goal of collecting 75 million XVG is reached. The tweet appeared more as a click-bait add than announcement as the tone of the tweet was overhyping and even sounding desperate from several angles – Verge’s team was even ridiculed for asking for donations, turning the tables to appear as if they were beginning for donations in order to boost the value of XVG in the time of a massive market dip that was actively ravaging the crypto market, eventually taking billions from the total market cap of all currencies put together. The losses were massive, but the market is slowly recovering and hopefully entering April of 2018 with the majority of currencies trading in the green in the moment of this writing, on March 31st, 2018.

However, despite being ridiculed for asking for donations, Verge managed to collect all 75 million XVG within the course of only 7 days, which naturally increased the number of circulating coins, the trading volume and the market capitalization of Verge.

To reward the faithful investors and holders who helped achieve this goal and pull off their first successful crowdfunding campaign, the team behind Verge and XVG released an official video. The video stated that the mystery partner will be revealed in a couple of weeks on April 16th of 2018 to be exact, when another marketing campaign will also take place.

In the video, Verge also stated that the new marketing campaign will be conducted on the global level with a refreshed look, and could possibly in their opinion change the way cryptocurrencies and the world of crypto values are viewed upon. Big promises from an altcoin – can the team behind Verge pull a marketing campaign of such proportions?

With newly collected 75 million XVG it surely can. Not only that Verge demonstrated the strength of crypto community but it also managed to complete their goal of collecting the amount of XVG they needed in the given time, which only took them 7 days.

The crowdfunding campaign is still open so any further donations will be likewise welcome. However, Verge probably wouldn’t be able to collect all 75 million XVG in the course of 7 days with having only micro investors on the board, so they found their Angel Investor in a new currency called TokenPay. TokenPay invested in 66.5 million XVG, so the majority of bought XVG for the completion of the original crowdfunding goal was actually purchased by TokenPay.

The team behind TokenPay state that this currency is “the world’s most secure coin” and it is currently listed on ListICO.io.

Now when Verge is actually taking steps towards implementing changes and improvements the expectations all holders and investors have are probably high, so the team behind XVG will surely need to step up their game as April 16th is slowly approaching.

Verge Listed on another Exchange

It seems that fortune just like misfortune, is never alone, so Verge has good news. XVG is now listed on NexExchange. Having been listed on another exchange platform is a big deal because that means that the visibility and availability of XVG tokens is now broadened, which will greatly contribute to its further progress. On NexExchange you can buy XVG directly by using your bank account, so Verge just got more attainable as well, which should also affect its price in a positive way.

As we are waiting for mid-April, Verge has announced the release of iOS wallet without mentioning the date of launching, along with announcing new projects that could potentially sky-rocket this currency. One of the announced projects is planning and launching an XVG debit card partnered up with TokenPay. As Verge is being wakened up from a long hibernation, it seems that there is yet a bright future for this currency, at least based on its active efforts and the announced projects.

How is Verge doing at the Current Moment?

Ranked as a 26th currency on the global coin ranking list, Verge is going through some positive changes lately, given the fact that Verge managed to host and complete its first successful crowdfunding ever.

After the latest change in the market, it seems that the majority of currencies that suffered from great losses are starting to trade up as we are entering April, and Verge is not an exception.

In the last 24 hours, XVG had a rise of 10% against the dollar and it is still trading in the green. After the most recent positive change in its price, XVG is now being traded at 0.039$ – a price still far from a one dollar price per one unit. However, it seems that XVG will soon be able to reach a higher price and stay there with all the novelties and changes being announced along with the mystery partnership. For starters, we are curious to find out who is behind the mystery partnership, which should be revealed on April 16th.

We will be updating our subscribers as soon as we know more. For the latest on XVG, sign up below!

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 Steven Depolo 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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