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What Has EOS Been Doing This Week?

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EOS

If you are keeping a track of the news, you must be aware that EOS making a remarkable comeback in the market. As per the recent events, EOS surpassed Litecoin to take the 5th spot for a brief period. As of April 18, 2018, the value of EOS stands at $8.68. After a period of depression, this notable altcoin is experiencing a steady rise.

Apart from a stable market capitalization, EOS has announced the release of a new update, Dawn 3.0. This is indeed a big reason why EOS is witnessing a positive response from crypto traders. However, there are other factors which have contributed to the recent price surge. Here’s a quick recap of what EOS has been up to this week.

EOS Gets Listed on Zebpay

Listing plays a major role in increasing the visibility of a currency.  Listed in a number of significant exchanges, EOS is regarded for its high volatility. Essentially, accessibility and visibility are answers to scalability. This is why EOS developers are keen on preparing the coin to be more accessible to the traders. After preparing for an entire year, the developers have implemented Dawn 3.0, as a part of the scalability project. In addition to this, the team has also introduced inter-blockchain communication to ensure that users don’t have to process the whole block while processing transactions.

In essence, EOS has experienced a number of exciting developments, which helped the market to restore its equilibrium ahead of the mid-April market hike. Among the recent developments, mention must be made of the new listing. As per the news, EOS is listed on ZebPay exchange wherein it will be available for live trading on the platform. Aside from EOS, Zebpay has also listed Ethereum, Litecoin, Bitcoin Cash, and Bitcoin.

Zebpay, which is available to traders on both Android and iOS operating systems, is a widely recognized for its profitable trading conditions. The most outstanding feature of this platform is its low fees; discernibly, it accommodates some of the lowest trading charges, making it an affordable destination for live trading.  Going by the figures, it charges only 0.1% for all the currencies on offer on Zebpay.

WAX Announces Partnership with EOS

In the light of the new activities happening in the crypto world, a special mention must be made of the partnership between Wax and EOS. On April 17, Worldwide Asset eXchange (WAX) disclosed that it will develop a peer-to-peer marketplace with the help of blockchain technology, and EOS platform will play a decent role in the project.

The developing body has finalized its plan to choose EOS as the crypto partner following a close inspection of general technology, coding features, system stability, documentation features as well as the community size and activities. At any rate, EOS blockchain ticks all the boxes, whether it is customizable options and supporting features, catering to all the requirements of the WAX platform.

As per the talks, there will be two distinct versions of WAX Token; apart from the existing ERC20 version, there will also be a protocol token that will be responsible buying and selling goods using smart contracts.  Also, the protocol token will offer other unique features like sharing fees among other parties, contracts managing abilities, etc. While the WAX Token is operational at the moment, the protocol token and the blockchain are still in the development stage.

The CEO and founder of Decentral reported, “I fully support the decision by WAX to build their tech on the EOSIO platform. Since the inception of EOS, their team has focused on reducing transaction fees and improving transactions throughout.”  “As someone who supports a variety of platforms and projects, I’m confident that the decision WAX has made to align with the team from EOS has been well thought out and makes sound sense,” he further added.

The Price of EOS Soars as the Bullish Sentiment Makes a Comeback 

Going by the price movement of the currency, EOS has performed really well in the last few days. By all means, EOS led the rally last week, rising ahead of the mid-April price boom. As EOS joins Bitcoin and other crypto winners in the upturn, the bullish sentiment returns for the currency after a temporary patch of depression. As of April 18, 2018, the market capitalization of EOS stands at $7,124,891,972.

EOS, which is trading at $8.68 at the time of writing, has witnessed a tremendous response from the trading community following the recent updates. The listing on Zebpay, along with other developments like EOS’s partnership with WAX and the launch of Dawn 3.0, constitutes as a catalyst for the price hike.

We will be updating our subscribers as soon as we know more. For the latest on EOS, sign up for 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 Changjin Lee 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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