Connect with us

Blogs

Verge’s XVG: Three things you should know

Published

on

Verge XVG

The digital world doesn’t have a lot of more prominent celebrities than John McAfee. He’s been an advocate for crypto-currencies, especially for the ones that feature privacy and anonymity, as Verge does.

Verge’s roadmap is very clear. It privileges what users want, and it aims to get a token value of $15 before the year ends. They might just get there because users are happy and they’re getting a good experience with Verge.

Consistency

Verge came to my attention when it was ranked at 60. Now it’s at number 27, which means it’s been going up steadily. If you’ve been paying attention (as I have), you’ll find that this is an excellent alt-coin to buy right now. It’s more modern; it fixes holes that older (more classic) currencies have left open.

The first priority for Verge is privacy and anonymity (without involvement in the porn world, as EOS has done). This coin gives you the freedom to be public or not, according to your wishes. It protects you always.

Anonymity has been a core value since the first blockchain currency came into being, but Verge has turned it into high art, they do it differently, they do it better, they take it further. In Verge, you can see every transaction ever made without knowing who did it.

Verge: the raw truth

Any corporation or foundation do not support Verge’s XVG crypto coin. It’s an open source project supported by a community of competent enthusiasts. Do not disparage this, just thing that projects as successful and effective as the BSD and Linux operating systems work under those same principles. Enthusiasts put in the work and the funding. It works.

Verge’s transaction speed is very high because it uses TOR on top of the Android wallet. Granted, getting better transaction speeds than Bitcoin is not that hard, but they do it very well, and they do it over Android, which gives Verge access to most of the world’s smartphone users. If you are on Android, you can do XVG transfers in real time while you keep your privacy and anonymity. It’s easy; it’s quick, it’s safe.

The McAfee Tweet

When McAfee tweeted to support Verge, the coin went up 800% in no time at all. McAfee was criticized for this, but it also shows that Verge is ready to take on the cryptocurrency market, all its fluctuations included.

Verge’s market cap is around $899 million. It traded under $0.05 for some time, but then it jumped to $0.07, which is its current value. The token value is quite low for the time being which will make it easier for investors to buy it in bulk, and wait for prices to rise as the platform keeps developing.

Among Verge’s plans is to implement smart contract technology for the XVG currency. That will allow for developing DApps and to use the platform to monetize the contracts. It will get the investors’ attention, mainly corporate and institutional investors. As they become interested in this coin demand and value will rise.

While this development is a safe bet, it won’t happen very soon. The Verge community is planning to finish implementing these features in 2018’s last quarter.

What you need to know right now is that very few crypto coins have so much going on behind the scenes as Verge does. The digital asset has a team of committed and competent enthusiasts behind it. They will increase awareness and keep new features coming around. This is one of the coins that will perform best this year, and this is the time to get a piece of the action. Once Verge takes off, nothing will stop it.

For the latest cryptocurrency news, join our Telegram!

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 Katopia via Flickr

Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

Published

on

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…

Continue Reading

Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

Published

on

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…

Continue Reading

Altcoins

My Crypto Heroes Announces Issuance of MCH Governance Token

Published

on

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…

Continue Reading

Press Release