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Why You Should NOT Forget The TRON (TRX) Super Representative Election Candidates

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Tron
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As the focus and attention with respect to the Tron (TRX) project are all on the Independence Day, many TRX believers know that the next step will be the Super Representative Elections on the 26th of June. The activity will be carried out by TRX holders who will stake their coins on the TRON Wallet that was released only a few days ago. Staking involves having your coins or tokens locked up during a voting period. The same was seen when the EOS network was having its own elections.

Each TRX holder has the right to participate in the management of decentralized projects on the Tron Network. There will be 100 Super Representative (S.R) candidates that will be reduced through voting, to the 27 that is needed for the Tron Community. The S.Rs play a key role in governing the TRON community by ensuring that basic functions such as block generation and bookkeeping are carried out on the network.

They will be rewarded for every new block generated at the rate of 32 TRX. S.Rs, therefore, stand to gain once elected. But this means that they should provide incentives for their voters such as developing worthy DApps. This is why the votes are important. They will promote decentralization on the Tron Network. The current nodes on the TRON network number 148 and span all the continents of the world.

The full list of Super Representative candidates can be found on the Tron Website. Users are advised to scrutinize each including their elections manifestos. The TRON Foundation has since revised the requirements to make it as a Super Representative on the network. This is due to the fact that they want only the best candidates for the Tron Network.

So what are the new criteria for a Super Representative on the TRON network?

The initial requirements were 8, but Justin Sun and the Tron Foundation realized that the criteria needed to be expanded as follows:

  1. Official Site – each S.R candidate must have a working website that matches the information provided to TRON
  2. Team info – All information must be correct
  3. Social Media Influence – provide links to social media and have over 500 fans
  4. Annual Community support plan – Candidates should make their own plans to support the community
  5. List of team members and pictures
  6. Team introductions
  7. Livestream – Screenshots or website links of live stream promotion should be submitted to comment area of SR Forum
  8. Meet Up – Photos or relevant news reports links to MEET UPs should be submitted to the comment area of SR Forum
  9. Community promotion efforts – Screenshots of the discussion about the super representative election in its own community should be provided
  10. Testable Nodes – Candidates need to build their own test network node and open the RPC port
  11. Provide plans for hardware expansion
  12. Server location information
  13. Server configuration information
  14. Server type information
  15. Budget expenses

More information about the Super Representative requirements can be found on the Tron medium page. The next few days will surely be an exciting time for the Tron Network.

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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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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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