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Tron (TRX) is highly propitious, here are the reasons why

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Tron TRX

Tron (TRX) is one of the biggest cryptocurrencies in the crypto market (and stays in the spotlight, always). The worth of the digital asset increased by 2000% in mid-December 2017 to early January 2018. As one can imagine, Tron’s 2000% growth made it attract lots of crypto investors in the crypto sphere.

Today, everyone around the world has heard of Tron (TRX) – in one way or the other. But in this article, let’s find out what makes this cryptocurrency extremely promising. Without much ado, let’s take a look at Tron (TRX).

Tron (TRX) in brief

Tron is a decentralized network that focuses more on the entertainment industry. This platform ensures P2P technology and makes use of blockchain technology to share and receive contents globally; let’s just say it’s the future of the entertainment industry (yes, it is safe to say that).

The main coin of Tron is Tronix or TRX, and the easiest way to TRX is by sharing contents through the platform.

Moving forward to Tron’s market overview, Tron’s current price sits at $0.03336 (at the time of writing), its market capitalization is $2,193,034,839, and the 24-hour trading volume is $175,410,000 – according to CoinMarketCap. An important fact about Tron is, TRX is not mineable, unlike Bitcoin.

The reason why Tron wants to revolutionize the entertainment industry

In today’s world, content sharing and creation can only be done through Facebook, Netflix, YouTube, Apple, and Spotify mainly. However, if you are the type that would love to make huge bucks through blogging, music, videos, and so on, then you need to go through one of these middlemen (YouTube and the likes) to reach your target audience.

Here is where Tron comes in – Tron is a platform that wants to eliminate the use of middlemen before contents can be shared. Facebook, YouTube, Apple, Netflix, etc., always take a certain percentage of the revenue that your contents generate. In fact, these platforms will own a right on the revenue that you make. They also have the authority to get your contents censored. and there is nothing you can do about that.

However, problems like these will not surface if content providers use a platform like Tron (TRX). Tron’s dream (we would rather say purpose) to revolutionize the industry is huge and the platform is seen as the future.

If a user makes use of Tron’s protocol, he/she has the ability to create, share, and upload contents to the blockchain network. Once done, the user can get paid based on the number of views that he/she receives without having to pay fees to any third-party.

Moreover, it is important to know that Tron’s community decides the success of your contents. This means that your contents can’t be censored or controlled by anyone at any time.

The Tron’s Foundation

Tron Foundation is headed by Justin Sun and it is a non-profit company that is based in Beijing, China. The aim of the foundation is to ensure that its platform works with all fairness and transparency.

The Tron Foundation is under the regulation of the Accounting and Regulatory Authority of the company and the Company Law of China.

Justin Sun, the CEO of Tron Foundation, has had an astonishing career and he was listed in “Forbes 30 under 30 in Asia.” His application, Peiwo, has more than 15 million subscribers worldwide and it is the first application that streams and accepts cryptocurrencies.

Even though Sun has been recognized as the protégé of Jack Ma (the founder and CEO of Alibaba, I don’t think there was a need to mention this but I did anyway), he was also been known to be dedicated and diligent during his study days at Hupan University. Justin Sun also graduated from the University of Pennsylvania.

Tron’s collaboration with top financial companies

Tron (TRX) has bagged lots of partnerships with different companies in the Financial Industry and some of them include Bitman, oBike, and Zag S&W. Of course, financial entities are not the only ones Tron (TRX) has partnerships with. The company has vSport, Game.com, OBike, PornHub, Gifto, and UPlive in its partnership bucket too. And yes, there also is a secret Tron project (possibly partnership) that is going to be announced at the mont of this month. Tron partnerships with all these mega means that the coin is not just a hype, it has a bright future ahead.

What makes Tron distinct and promising?

Apart from Tron’s partnership with top companies in the world, there are few things that make Tron different and promising.

  • Tron empowers content providers to own their contents

The fact that Tron gives content providers the ability to own their contents makes the platform a good choice. Considering this, crypto enthusiasts believe that Tron (TRX) is taking the lead on the advent of the third web.

  • Ability to build smart contracts

For developers, Tron (TRX) provides a platform that allows the building of smart contracts using any programing language.

  • Interoperability

The interoperability level of Tron (TRX) is quite remarkable. For instance, let’s say you are using a car-sharing application that operates on Tron’s network. Every time you want to rent a car using the app, you are compensated with tokens by the car-sharing company. You also have the ability to use your coins to buy-back free rental bikes later on. With Tron, you can also use these coins in exchange for goods that are free, if the goods chain is built on Tron’s network.

Final Words

There are lots of good things present around Tron (TRX); big partnerships with top companies, third-party Dapps, and its futuristic ambitions. Although the network has had lots of controversies, it still thrives to maintain its goals in the crypto world. No hype here, buddies. When the facts are this good there is no need for embellishment. Be patient, you will encounter big Tron bull soon.

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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.

Image courtesy of Maxpixel.net

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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