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

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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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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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