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

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Tron

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

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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