Connect with us

Don't Miss

Is Twitter going to win the ‘Crypto Wars’ for Tron (TRX)?

Published

on

Tron

Seth Meyers famously said he thought that Donald Trump was “running as a joke.” Many of us felt that as well and, boy, was the joke on us. You must be thinking what Trump has to do with Tron (TRX) and crypto in general, what’s the similarity here? That’s Twitter. Let us elaborate.

Trump’s campaign was outrageous in a way that it was always being covered in the press, most often unfavorably, but you know what they say: there’s no bad publicity. The coverage wasn’t all that much about rallies, speeches, and the traditional campaigning resources. If one thing reigned supreme during the presidential campaign, it was Twitter. The candidate’s abundant stream of controversial tweets guaranteed him amounts of attention that nobody else achieved, by far.

And that’s still happening. The President of the United States currently expresses his views on everything through Twitter (Tron CEO does the same, too), which is unprecedented, historically.

This just shows how new technologies end up changing any game. If you need another example, think about the way Barack Obama won his first term. He was an underdog and his war chest was rather scant. But it was microdonations and Facebook’s support that ended up giving him the publicity and the money he needed to win.

The moral in Trump’s story is: do not underestimate the power of Twitter. Which brings us to Tron (TRX).

In the cryptoverse, Bitcoin is king. It was the first cryptocurrency ever created, most other digital assets can only be bought if you exchange them for bitcoins, so Bitcoin’s behavior still dominates the market. Then there’s Ethereum, which became the standard for smart-contracts. Ripple is going after the world’s financial market and so is Stellar Lumens. We could keep going on, many blockchains have definite purposes, and they’re achieving them.

So what about Tron? Well, the thing about Tron is that Justin Sun (Tron’s founder and CEO) has a flair for marketing and he understands Twitter’s power very well, which is why he uses it regularly. And it’s not only about the way he uses it, but that he’s found a way to incorporate Twitter into Tron’s blockchain in some exciting ways.

To make a long story short and relevant: you can send Tronix (TRX) tokens using Twitter. You can’t do this with ETH, BTC, XRP or any other digital asset. How significant is this? We can’t tell for sure right now, but it could change the game for everybody and make Tronix the most traded coin in the world and win the crypto wars for it, just as it did for the current POTUS.

The difference between Tron’s and Trump’s Twitter campaigns is that Tron is not basing its strategy in scandals but in a good reputation, on delivering promises on time, and an ambitious idea to change the web and move it forward towards decentralization.

Tron’s current price is $0.0241 as we write this and it’s the eleventh cryptocurrency concerning market capitalization. This is quite impressive when you take into account that this is a coin that has been around barely for a year. It’s grown at an impressive rate, and it’s become one of the most credible blockchain technology projects in the world.

In the cryptosphere, Tron is king when it comes to Twitter. And that could be enough to bring it all the way to the top. We’re not joking, just remember Trump. Except, this would be a good thing. We are all expecting the blockchain to change the world sooner or later. Imagine what is going to happen with a project that can use both the blockchain and Twitter effectively.

For real-time trade alerts and a daily breakdown of the crypto markets, sign up for Elite membership!

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 Flickr

Don't Miss

A Guide to Exploring the Singaporean ETF market

Published

on

By

Singapore’s Exchange Traded Fund (ETF) market has grown, offering investors diverse investment opportunities and access to different asset classes. As the market evolves, investors must navigate these uncharted waters with a clear understanding of Singapore’s ETF landscape. This article explores the trends, challenges and strategies for navigating the Singapore ETF market. To start investing in ETFs, you can visit Saxo Capital Markets PTE.

The Singaporean ETF Market: Exponential Growth

The Singapore ETF market has seen significant growth in recent years, with an increasing number of ETFs covering a wide range of asset classes and holders. different investment topics. 

One of the notable trends in the Singapore ETF market is the growing diversity of available options. Investors can now choose from ETFs that track domestic and international stock indexes, bonds, commodities, and specialist sectors or themes. This diverse range of ETFs allows investors to create comprehensive portfolios tailored to their investment goals.

The growth of the ETF market in Singapore is also due to growing investor demand for low-cost, transparent, and accessible investment vehicles. ETFs offer benefits such as intraday liquidity, real-time pricing, and the ability to trade on exchanges. These characteristics have made ETFs attractive to retail and institutional investors who want exposure to different asset classes.

Regulatory Landscape and Investor Protection

The Monetary Authority of Singapore (MAS) is the…

Continue Reading

Don't Miss

Property Loans for Foreigners in Singapore That You Must Know About

Published

on

property loans for foreigners in Singapore

Intending to invest in a residential or commercial property in Singapore?  

When it comes to foreigners applying for a loan in Singapore, things can be pretty hard regardless of the reason whether you need the property for personal or business purposes.  

In Singapore, buying a property is challenging, whether you are a foreigner or a native, and sometimes applying for a loan is the only way for you to afford it.  

HOW MUCH CAN YOU BORROW FOR A PROPERTY LOAN IN SINGAPORE? 

As for the Foreigner Loans, in Singapore, there is an exact amount of money you can borrow to finance the purchase of a property.  

In this sense, Singapore has the Loan to Value Ratio (LTV).  

The LTV ratio is what determines the exact amount of money you can borrow for a property loan, which changes depending on where you try to obtain the loan:  

  • If you are applying for a bank loan, you can borrow a maximum of 75% of the value of the property you want to purchase. That means if you are looking for a property that costs $500.000, the maximum amount of money a bank lender can give you like a loan in Singapore is going to be $375.000. 
  • When you are applying for a loan with a Housing…
Continue Reading

Don't Miss

CoinField Launches Sologenic Initial Exchange Offering

Published

on

Sologenic

CoinField has started its Sologenic IEO, which is the first project to utilize the XRP Ledger for tokenizing stocks and ETFs. The sale will last for one week and will officially end on February 25, 2020, before SOLO trading begins on the platform.  Sologenic’s native token SOLO is being offered at 0.25 USDT during the IEO.   

Earlier this month, Sologenic released the very first decentralized wallet app for SOLO, XRP, and tokenized assets to support the Sologenic ecosystem. The app is available for mobile and desktop via the Apple Store and Google Play.  The desktop version is available for Windows and Mac.

“By connecting the traditional financial markets with crypto, Sologenic will bring a significant volume to the crypto markets. The role of the Sologenic ecosystem is to facilitate the trading of a wide range of asset classes such as stocks, ETFs, and precious metals using blockchain technology. Sologenic is an ecosystem where users can tokenize, trade, and spend these digital assets using SOLO cards in real-time. The ultimate goal is to make Sologenic as decentralized as possible, where CoinField’s role will be only limited to KYC and fiat ON & OFF ramping,” said CoinField’s CEO…

Continue Reading

Trending