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Verge (XVG) sets the tone for mass adoption with FLOGmall

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Verge XVG mass adoption

Verge (XVG) has become one of the best-known cryptocurrencies over the last sixty days, especially when their mystery partnership  (on April 17th) became public. It was a MindGeek‘s partnership that allowed XVG to become a payment method for Pornhub. While this was very misunderstood, it left no doubts that it was profitable for both parties, especially Verge, as it can only increase XVG’s exposure and demand.

The current market trend is bringing XVG down against the dollar, as it went down by 19% in last seven days. But Verge is focusing on making sure its coin and technology are adopted massively. Let’s have a look at how they are going about that.

Verge’s listing announcement on BiteBTC

The XVG team announced a couple of days ago, via their official Twitter account that the XVG cryptocurrency will be listed on BiteBTC, an influential exchange market.

The team also announced that XVG would be ready for live trading and investing starting from May 10th as it becomes part of the BiteBTC market listing.

https://twitter.com/bitebtccom/status/994306110143246337

Any coin listed in a new exchange will always bring trading volume and exposure, which is why this is an exciting development for Verge. It’s expected that XVG will grow in value soon.

All the previously mentioned reasons strongly suggest that XVG’s value will rise soon as the market’s current trend gets worn out and most of the crypto coins start to trade in the green once again (that’s already started, in fact).

Verge XVG Debit Cards

A little over two weeks ago, TokenPay proclaimed they would be buying 9.9% fo shares of a Bavarian German bank. The point in this is to issue debit cards on cryptocurrencies. Then TokenPay announced that their first choice for that would be XVG.

This is no surprise at all. TokenPay supported XVG during their first crowdfunding campaign. They endorsed XVG on their first crowdfunding campaign and the keep the support going until the MindGeek partnership became a reality.

It’s no surprise at all for TPAY to choose Verge as the first alt-coin to become available through a debit card issued by the bank. Token pay gave XVG a lot of support during their initial crowdfunding effort. Their continued support also allowed Verge to get the Pornhub partnership that made them the talk of the town.

The deal is done as confirmed by a Verge’s official tweet a couple of days ago. The German bank was mentioned so those debit cards will be available quite soon.

Verge on FLOGmall

Verge (XVG) had further good news for fans when they announced on Twitter they will be a payment method for Flogmail from May 10th.

Flogmail is a quite new player in the e-commerce world that takes in all kinds of currencies, Verge’s XVG being the most recent one. It provides electronic trade services that connect buyers and sellers painlessly enabling both of them to complete each transaction in a variety of options.

This move is maybe not as bit as Pornhub, but every move Verge makes to make it a real and practical payment method for average users is a smart move. At the very least it gives them exposure.

Verge and the market now

The market had a bit of a break on May 9th. Most currencies dropped a bit, and Verge went with the trend. As of today, Verge lost 19.72% against the dollar in last seven days, which is a bit steep. It also lost about 12% against Bitcoin.

Green bars are starting to build in the market, Verge’s XVG also increased in value by 4% in last twenty hours. This all means that right now Verge’s XVG currency is available at $0.06 per unit, which is very low if you take into account it’s been as high as $0.22. Still, that’s actually good news for the investors – this is the time to get it in bulk.

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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.

Chart courtesy of NGlomb 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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