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Tron (TRX): Why Should I Hold Tron?

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why should I hold Tron

Every Tron (TRX) HODLer keeps asking the same question, why should I hold Tron? We believe HODLers should focus not on the present, but the future.

We are jumping the gun a bit and time traveling to the fourth quarter of the year. The reason for doing so is that when we dwell too much on the current happenings in the crypto markets, we will most likely lose our focus and forget to remember the main reason we believe in our favorite crypto projects such as Tron (TRX). Many of us believe that these projects are the future, so let us head there and postulate how things will be in the crypto verse with a fully functional Tron Mainnet. The latter platform would have integrated BitTorrent into its network by this time.

Pornhub Is A Golden Goose

From a realistic point of view, the adult film industry is loathed as well as loved by many. So, let us put on our business hats and forget our morals for a bit. The adult film industry is worth $97 Billion annually. Pornhub and Traffic Junky – both of whom accept TRX as a form of payment on their platforms – are the industry leaders when it comes to online content in this industry. They are the Amazon and Apple of Porn and Tron is tagging along seated in the passenger’s seat of a very bright future.

Pornhub currently has a service where amateur performers can upload their content and be paid according to how many views their videos get. With time, this content will be too massive to store on Pornhub’s IT servers and this is where Tron and BitTorrent come in.

BitTorrent

The exact method of how the Tron foundation plans on integrating the BitTorrent platform is somewhat vague to many. But Justin Sun stated the following after the acquisition of the peer-to-peer file sharing platform.

“The project is in collaboration with BitTorrent, and will extend the lifespan of their torrents’ swarms, offer rewards to peers who seed torrents, infuse resources into the torrent ecosystem, and establish financial rewards in return. The project will transform the way people share and consume content, helping to re-shape the industry for the better.”

The seeds, or machines with the partial files on BitTorrent, can also store the content from Pornhub that is in excess for their local servers to manage.  TRX will be the standard form of payment of incentivizing the peers to keep their machines connected so content on Pornhub can be accessed quickly.

There is also the likelihood of decentralizing the music industry. Imagine paying for the next Kanye West or Eminem track using TRX.

Decentralized Applications

The Tron project has entered the most crucial stage after the launch of the Tron Virtual Machine. This phase is the DApp phase where the network will truly be used for applications. This means that the over 10 Million users on Peiwo and other Tron-centric apps, will eventually be migrated onto the network. There is the other 150 Million active users of BitTorrent who will also play a part in all this according to Project Atlas.

In conclusion, the current decline of TRX in the crypto markets should not be a cause for alarm for the many HODLers out there. The current value of TRX at $0.0195 is gut-wrenching given all the updates and developments evident with the project in the short time period of 1 year since its ICO. But with the future is looking bright as described above. Q4 of 2018 and 2019 will be a good time period for TRX in the markets. The project is on course towards solving the real-life problem of decentralizing the web. This should answer the question “why should I hold Tron?”

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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.

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3 Reasons Why WISE Token Could Be a Massive Winner in 2021

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After working in proprietary trading for over a decade, I decided to transition to crypto in early 2017.  Although crypto is significantly different from traditional capital markets, I managed to successfully find a niche for successful and opportunistic trading.  While 2017 was the perfect time to get involved, the past few years have proven to be a bit more challenging as far as generating ROI.

Cryptocurrency traders have spent the past several years searching far and wide for the next big winner.  While the market as a whole hasn’t been very bull friendly, one specific area that appears to be gaining traction is decentralized finance, more commonly known as DeFi.  This area generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum.  The reason why so many crypto entrepreneurs are flocking to this space is that it allows them to create traditional financial vehicles in a decentralized network, outside the meddlesome control of foreign governments.

One extremely popular DeFi project is Chainlink (LINK) which is a decentralized oracle network that provides real-world data to smart contracts on the blockchain.  Chainlink has seen its token price increase by more than 300% year-to-date.    Another impressive project in the space is Kyber Network (KNC) which has seen its token soar from $0.20 at the start of the year to more than $1.60 at present.  Kyber Network’s on-chain liquidity protocol allows decentralized tokens swaps to be…

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Lotto Nation is Revolutionizing the Traditional Lottery Industry

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Lotto Nation

As the global economy continues to deal with the economic fallout due to the ongoing pandemic, companies are coming to terms with the fact that normalcy may not return for quite a while.  Many economists are wondering how the business landscape will look a year or more from now.  It’s certainly possible that many businesses, such as retailers and restaurants, may be unable to survive the current downturn.  But while some businesses will falter, others will emerge stronger than ever.

Traditionally, when economies go through a severe downturn, companies adapt.  Those that maintain the status quo usually have great difficulty while those that adapt prosper and conquer.  One possible example of this is Lotto Nation.  Thanks to the entrepreneurial skills of Nils Thomson, the Founder and CEO of Lotto Nation, the company is attempting to completely modernize the traditional lottery industry.

Current Lottery Model is Severely Outdated

It’s safe to say that nearly every human that has ever walked the earth has fantasized about winning the massive jackpot that would completely change their life.  These dreams have turned the global lottery industry into a $302 billion market that is expected to reach $380 billion by 2025.  Despite this predicted growth, the industry suffers from a variety of problems that are preventing it from really exploding.

Perhaps the biggest problem is that traditional lotteries are centralized.  Because of this, there is essentially no oversight on what a lottery provider…

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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