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Tron (TRX) gets listed on BigOne crypto exchange with two trading pairs

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Justin Sun has been busy in the background while Tron has slowly been inching ever closer to competing with EOS in the dapp sphere. The CEO of the Tron Foundation has announced via his Twitter account (as usual) that Tronix, the native cryptocurrency of the Tron network has been listed on yet another exchange.

While the exchange in question is not a giant player, it is still is another step in Tron’s steady march to dapp dominance in the marketplace. The trading will begin with two trade pairs, namely TRX/USDT and TRX/BTC. Bitcoin is the highest traded cryptocurrency on the exchange with the VeThor/Bitcoin trade pair delivering the vast majority of trades in the last week according to CoinMarketCap. The second largest volume was achieved by the Bitcoin and USDT trade pair, which is a natural fallback for many traders when the market hits high volatility.

Mega news and Tron’s ex-CTO

This news has cushioned the blow of the Tron Foundation losing its Chief Technology Officer under controversial circumstances earlier this month. Lucien Chen, who has been with the project since its very early days, left the foundation after disagreements with the direction of the network.

In a Medium post, which is deleted now, he complained that Tron was going too far with centralization and that this was a worry that he simply could not ignore. How is Tron becoming more centralized, when the entire community is allowed a vote?

The answer is in the so-called Super-Representatives. They form a voting bloc that has most of the power and can unduly influence the direction of the network without needing to pay too much attention to what retail investors in the system think.

Chen simply thinks that these Super Representatives hold too much power. Amid his exit from the Foundation, the former Tron CTO said,

“In the DPoS and Super Representative node, there is a problem of centralized voting. Some nodes have more than 90% of the votes with only a few voters. Therefore, the vote of ordinary retail investors has completely fallen.”

Justin Sun hit out at his former executive employee, saying that as the founder of the Tron Ecosystem, he is qualified at the very best to make decisions regarding the future of the network. He also went on to say that due to the relatively low commercial viability of dapps (though growing), it is necessary for the leadership of projects to take a much more active role in shaping their networks.

Many in the industry think that the time will come when a change needs to be made. That time, they speculate, could be when Tron reaches critical mass and this might be coming sooner rather than later. Recently, Justin Sun teased in a tweet that the first of June will bring big news on the BitTorrent front. This could potentially lead to Tron becoming the industry gold standard for dapps as they onboard millions of new users in a short amount of time.

Once this happens, industry experts say, the calls for decentralization will lead to conflict within the organization. And the matter will need to be settled once and for all. However, the current mood has returned to optimism at its best as Tron (TRX) has jumped more than 11% over the last 24 hours as we write this post.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Dogecoin (DOGE) walks before Bitcoin, when should you square off?

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It would be interesting to find out how much you know about Dogecoin (DOGE) before you read this article. The chances are that you’re not completely ignorant about it because you clicked on the link that brought you here. But we’re wondering about that because Dogecoin is not a cryptocurrency that gets a lot of attention from the crypto-press, let alone the mainstream. And yet, it’s following Bitcoin’s footprints closely.

Dogecoin has been hot lately. If you are one of those rarities, a Dogecoin holder, you’ve probably spent quite a bit of time asking yourself (or friends in the Dogecoin community) if your DOGE coins are worth it, if they will rise in value again, why and when they will, and many other questions along those lines.

So you must have been quite excited to see when it went above the USD 0.002800 resistance level, which means it’s soaring. If you doubt so, then let us tell you that then it broke yet another resistance level, the one at USD 0.0030. As we write this, it trades at $0.003110, and it’s lost 3.91% against BTC over the last 24 hours, so after those gains, traders are looking to figure out what’s the moment to take their profits.

Most cryptocurrency prices were going up rather quickly yesterday against the USD. Dogecoin was rising more slowly, but more steadily too. It probably looked a bit too slow for Dogecoin fans (like Elon Musk), but a more gradual and more solid rise implies less volatility which means that the market corrections, should they show their ugly face, won’t be as bad as they will be for tokens with higher volatility.

And yet, if Dogecoin was yesterday’s underperformer, today it has gained 4.49% in its USD trading pair.

Market Outlook

The cryptocurrency market has been soaring since last Friday night, UTC. So it’s only regular that there’s something of a market correction going on as we write this. Bitcoin is up by more than 8% even though we just came out of a weekend. The exciting thing is that Dogecoin’s price is closely following Bitcoin’s pattern, which is something of a David vs. Goliath situation. Chances are, however, that the BTC bull run isn’t over yet and that it will find its way above the USD 9k level soon. And as Bitcoin goes back up, the crypto verse is likely to follow suit, Dogecoin included. Which brings us again to the question; when should a smart investor square off its DOGE postures?

The answer isn’t evident for most investors. The thing is that the bull run is not over, DOGE is still doing well against the USD (with the unavoidable fluctuations), and before the bulls give way to the bears this time, it’s expected for Dogecoin to reach the USD 0,005 level. That, of course, would be the ideal time to cash your profits out, should you have the opportunity.

The important thing for any DOGE holder (or any investor in any market, for that matter) is to have a plan and follow it with the utmost discipline. That’s the tricky part. It’s probably a lot more difficult for excited investors to remain calm and exert restraint than for Dogecoin to get over USD 0,005.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Is cryptocurrency investment for you?

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Bitcoin is the year’s best-performing asset class in the world so far. Say what you want about volatility, weird markets, lack of regulation or any of the other objections usually wielded by crypto-skeptics but the fact remains that, during this year, if you were out to make some money, there’s been a no better option.

Interest in digital assets, Bitcoin, in particular, is one of the pursuits that are pushing the financial world forward. Cryptocurrencies can be an alternative to the economic chaos that fiat currencies can be, especially during times of crisis. They also offer the possibility to be more inclusive and bring to the table some of the millions of people in the world who remained unbanked and out of the traditional financial system.

The problem is that the price of digital coins is highly volatile, which is not a problem when all the numbers are green, but that scares people off when the numbers are red, and the market is sinking like a led balloon. So a fair question would be, is Bitcoin (or cryptocurrencies) still a worthy investment?

The answer is decidedly affirmative. There are many reasons for that. For a start, Bitcoin is very likely to rise in value. We’re not talking about the dramatic increase we’ve seen over the last few weeks but in the long-term. Even during the 2018 bear market, it remains evident that Bitcoin’s price is always going to go up significantly, given enough time.

There’s no way of pinning down a date for when it will reach, say, USD 100k (if it goes that high), but chances are it will get there. That’s why Bitcoin is an excellent choice for those investors who are all about the fundamentals, discipline, and patience; but not always the thing for those who want to get rich quickly.

The media has had a lot to do with all the hype surrounding digital coins. The hype creates false expectations, and it can even affect the market’s performance. Fortunately, the media never pays a lot of attention for long. It’s usually only when things are either great or terrible. Then the dust sets down, and things go back to normal. That’s when you can see how the market really is behaving.

Accessibility to Bitcoin has improved dramatically. In the beginning, it was incredibly challenging to get ahold of some. You had to be part of a selected club of specialized technology aficionados, so to speak. These days, you can use your credit or debit cards, and even Paypal.

Mining bitcoins, on the other hand, is now a lot more complicated. The Bitcoin’s protocol increases the difficulty in the collision calculation that allows creating new blocks for the chain by design. But on top of that, a lot more people are mining BTC now, so it’s become a very competitive field. It takes a lot of expertise and high initial investment. And if the Bitcoin market isn’t doing well, mining won’t be profitable, unless you’re in China, like most miners are.

However, if you look at the big picture, Bitcoin does have the edge over the traditional legal tender currencies of the world. It’nd s about versatility and security. Completing international transfers with BTC is quick, cheap, reliable. And if you keep your digital wealth in a safe offline digital wallet, there’s just no way in which your tokens could be stolen, unlike your analog wallet which you could forget anywhere.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Ethereum 2.0 is on the works: Here’s what you need to know

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The Ethereum blockchain project is alive and working hard on improving the network.

The project is committed to keeping Ethereum’s technology up with the times, as it’s shown in the past by issuing four hard forks (upgrades to the network). Those have been Frontier (July 2015), Homestead (March 2016), Byzantium (October 2017) and Constantinople (February 28, 2019).

The next upgrade is scheduled for deployment five months from now (in October), and it’s called Istanbul. It will include a decision about the ProgPow protocol, among other updates.

Then, after Istanbul, al the efforts will focus on Ethereum’s full refurbishment: Ethereum 2.0 or Serenity.

Serenity

Serenity will revolutionize the Ethereum platform from its very foundations. It will change the current Proof of Work protocol to Proof of Stake, among other enhancements. Serenity aims to improve the network’s scalability, efficiency, and decentralization. A new virtual machine will also be deployed, which will be more attractive for a broader range of developers because it will support more coding languages and faster code execution on the blockchain.

Ethereum 2.0 will also introduce support for Shard Chains (more on that later) and other new kinds of chains that will enable privacy, permission, and governance models built on unique user needs.

The road ahead for ETH

The upgrade to Serenity won’t happen overnight but in four distinct stages, that will start this year and will continue for three more years until the network is fully upgraded. The roadmap looks like this:

Phase 0: it’s estimated to start in 2019. Phase 0 will see the new Beacon chain deployed on the network, which is the blockchain that will use the PoS protocol. It will coexist with Ethereum, and it will be connected to it.

Phase 1: this is when Shard Chains appear to interoperate with the Beacon chain. These chains will support higher transaction speeds and instant finality in transactions. Thus the network’s scalability will improve dramatically. Shard chains will manage the exchange and transactions of account data. This will happen in 2020.

Phase 2: scheduled for 2020 and 2021 this is when the new Ethereum Virtual Machine (EVM) appears, which will be improved through the Ethereum Web Assembly (eWASM). The new virtual machine will execute code more quickly and support more programming languages. During this phase, there will also be an increase in the network’s security through protocol standardization.

Phase 3: the last step will start in 2022 and will continue indefinitely. It’s all about the continued improvement of the network’s decentralization, security, and scalability.

Ethereum’s position as the cryptosphere’s premier decentralized applications and smart contracts platform has been seriously threatened over the last twelve months by Tron and EOS among others. Users have been complaining about scalability issues and gas prices for ages as well. So it’s good to see that Ethereum’s leadership has finally seen the writing on the wall and it’s trying to adapt to the new realities.

The process will be long for sure, but according to Joseph Lubin (one of Ethereum’s co-founders reputed to be Ether’s largest holder), it will take only from 18 to 24 months for the network to be a thousand times more scalable than it’s now. Also, Ether tokens will be able to move from the old chain to the new one.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Freelancing and the Blockchain: Top platforms to earn money online

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Over the last two years, interest in cryptocurrencies has grown slowly but steadily, so they’re gently penetrating into the mainstream. Also, the inherent advantages in decentralized applications and technology become increasingly evident outside the cryptosphere. Blockchain technology keeps proving its worth as a new resource capable of tackling old problems in new ways. It’s showing it will disrupt many industries in the world and that it will ultimately change it.

Most recently, we’ve witnessed blockchain’s effect on fintech corporations and projects. It’s reshaping them and also the industries that touch on them. But it’s also impacting seemingly unrelated fields such as education, aid organization, charity, ride sharing, politics, real estate, logistics, and healthcare.

Blockchain and freelancing

There’s another environment that blockchain technology promises to reshape, and that’s the freelancing business. Freelancing was not a good thing a decade ago. People frowned upon it as a general rule. These days, freelancing is reshuffling many professional fields in which workers are gaining freedom, and employers are increasing versatility. Freelancing evolves very quickly, and it’s increasingly globalized.

Blockchain is instrumental at some things. One of those things is cutting the middle man off. That’s one of the reasons why it’s making an entrance into the freelancing community. It enhances flexibility in working agendas, it makes payments swifter (another blockchain specialty), and it lowers fees vary significantly.

An emerging problem for freelancers is the continually growing number of freelancing platforms that seek to capture the five or six million freelancers working in the world today. The platforms must verify new jobs, offerings, the closing of deals, and all the dirty details that are somewhat unique to freelancing.

The processes are not very transparent in most sites, and they’re usually not automatic either –both things that could be fixed immediately with a good smart contracts platform. Unfair payment systems and fake reviews are also common problems that affect both freelancers and potential employers. And these problems could also be solved by the proper use of blockchain technology.

The good news is that some freelancing sites are taking advantage of the blockchain to make life better for everybody involved. They’re still not among the industry leaders; they’re not exceedingly popular. They’re still marginal, as the blockchain and cryptocurrencies remain. But that only means that you are just in time to rip the benefits of early adoption.

If you’re a freelancer, or if you’re looking for freelancers to employ, you should go to any or all of the following sites which bring the freelancing and the blockchain worlds together.

Blocklancer.net

Blocklancer promises to solve “all problems of current freelancer platforms.” Talk about high ambitions! The platform is based on blockchain technology (Ethereum’s blockchain to be more specific). And it’s all about putting right all that’s wrong with most of the currently available centralized freelancing platforms.

There’s a strong focus on getting rid of excessive rigidity, abusive payments, and false reviews. The system is decentralized, and it includes a native token that helps keep the platform honest. Token holders can vote on decisions and settle a broad variety of disagreements. The dispute settling system is automatic, so it ensures fair play for all involved.

Another characteristic in this platform is the fee system, which is quite low (only 3%). There’s no tolerance for censorship either.

Going by appearances you’d think that this is just your typical freelancing system in which freelancer just look for work, develop a reputation, and get new clients based on that reputation. But this is an innovative platform in which the difference is under the hood, so it’s normal not to notice it all that much. The gap should be in your experience as a user, though.

FreelancerCoin.io

This platform, like the ones mentioned above, runs on the Ethereum blockchain. It could very well be the most technologically advanced blockchain freelancer platform in the world because it combines blockchain technology with artificial intelligence and smart contracts. It also has a native token, which is the means of payment between employers and employees within the system.

It has every feature you typically find in freelancing websites. So there’s a long list of available projects posted by prospective employers for freelancers to apply on the ones they like. However, there’s added value in the site’s service as it enables users to create smart contracts that automate the payment process. The site’s native token is instrumental in this.

Ethlance.com

The Zero-fee in this platform helps it be one of the most popular blockchain-based freelancing platforms in the world. The only fee is the usual “gas fee” you find in every application or contract that runs on Ethereum, which is necessary to transact in the network.

The user interface in this platform is amicable so freelancers can search the available projects to find work very efficiently. The searching process can be shortened by applying the available filters. Prospective employers can look for freelancers too (not always the case in these platforms) and select one based on the feedback they’ve had so far, language, hourly rates, ratings, and skills.

A limiting factor in this platform is that you must use it using MetaMask and Ethereum’s Mist browser, which are not precisely the most widespread applications in the world. But they’re worth installing if you’re interested in joining this market.

CanYa.io

Like other projects, CanYa also issues a cryptocurrency (CanYaCoin) which freelancers and employers can use to pay for the standard 1% fee this platform collects. It’s accessible from anywhere in the world, open, and decentralized. It’s in a position to build a good reputation in a business in which reputation is everything.

CanYaCoin incentivizes the platform’s growth, and it intends to guide user behavior so that everybody enjoys a service of the highest quality.

Steemit.com

It’s more known as a blockchain-based social network, but it’s also a freelancing platform. It’s a good example that illustrates how the trend is shifting towards blockchain-powered environments. As most platforms of its kind, it links freelancers with their potential clients.

A unique feature in Steemit is that it allows all users to post anything they want in the platform, in a way reminiscent of Facebook. The difference is that high-quality content is rewarded with the platform’s tokens instead of “likes.”

Final thoughts

There are many more freelancing platforms in the cryptosphere, of course. We haven’t mentioned them all because we’re not about to write a book. But you can browse around their websites and decide if you like them. Atlas, Cryptotask, Orbinetwork, Ethearnal, and Dream are good examples of places to visit and, if you want them, open an account.

Cryptocurrencies and blockchain technology remain marginal and far away from any meaningful mainstream adoption. But it’s platforms like these, which provide a service that is useful for people on both sides of the crypto border that can really help the cryptosphere to join the mainstream successfully.

Mainstream adoption is a long process that can’t rely on a single use-case, of course. Yet, these platforms are obviously useful even for users that are not very tech-savvy, which is one of the limitations we often find on many blockchain projects. Some of them are very cool indeed, but they need a degree of expertise that people in the mainstream just don’t have.

Disclaimer: Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

The Dash Investment Foundation seeks to disrupt the Dash cryptocurrency market

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Dash is the fourteenth cryptocurrency by market capitalization, with a total value of USD 1.33 billion. The maximum supply of Dash tokens, by design, is of 18,9 million. Of those, 8.822 million are currently circulating. So there’s not a very high number of coins going around, which means that inflationary pressures on Dash shouldn’t be too intense. And now, the Dash Core foundation wants to create additional deflationary pressure (increasing the price by lowering the offer) by creating the Dash Investment Foundation. Here are the details.

The project was proposed by Ryan Taylor, who serves as CEO for the Dash Core Group. Once the ball started to roll, the group’s legal and financial team started to do the work, and they chose the Cayman Islands as the place to go. The reason behind this decision has to do with the broad selection of legal options that the Caribbean island offers to foreign investors. More concretely, there a legal category called “foundation company limited by guarantee,” which fits Dash’s wishes perfectly.

The new investment fund will be the first investment fund in history that will have no members and no owners at all. Instead, it will be administered by four supervisors elected democratically by the network’s masternodes. And the partners will be all Dash users though indirectly. The objective is to use the foundation’s investments to increase the value of owning the Dash cryptocurrency for every holder in the world.

How can that work? The new investment fund will use its money to create profits, as any fund does (or intends). Then, those profits will be used to develop deflationary pressure on Dash in two different ways:

  1. The fund will use the profits to buy Dash tokens in the open market, thus increasing demand and trading volume. Both things tend to push an asset’s price up.
  2. The tokens acquired with the profits will be burned so that they will stay out of circulation permanently. This also pushes the price up because it creates scarcity in the market.

So, the investment fund is ownerless and memberless because it will positively affect every user who owns Dash in any quantity. In a very indirect sense, every Dash holder is a partner in the new organization.

When will the fund start doing business? Two things are still missing. First, the fund’s supervisors must be elected. Then, the fund’s constitution must be finished. Once both issues are solved, it’s all good to go.

Dash’s idea is indeed quite exciting. It’s going to use a cryptocurrency in the fiat markets to create profits that it can later use to support its own cryptocurrency’s value. This idea needs depth of vision and a very subtle mind that knows the economics behind monetary policy and market dynamics very well.

The fundamentals of the Dash project are substantial. So it’s always been a mere matter of time for the coin to pick up in terms of market performance. But now Dash Core will attack the problem of the Dash price from two fronts at the same time. At the fundamental level by keeping up the project’s development and at the technical market front as well by pushing for deflation.

If the new investment fund works out, we could see a stream of crypto-based investment funds.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

XRP price analysis for May 25th, 2019: Ripple’s coin behaving tired

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XRP is trading at small red numbers for the day (0.59%). It’s still had a profitable 14-days gaining 29%. But it seems to be behaving tired in a day in which most other assets are doing just fine.

The spot price is of $0.3876 as we write this, and it’s been going down quickly for the last 45 minutes or so.

Over the last few minutes, the Bollinger bands have been widening dramatically, which seems to forecast a day with high price volatility. And so far, the price has changed a lot for sure. It’s been going down by USD 0.003 in thirty minutes, more or less. If this were Forex, it would be a catastrophe signaling that a small country went up in flames. But this is crypto, so it’s not.

The trend is downwards, even though 93% of the current market players are bulls.

XRP technical price analysis
Source: CoinMarketCap.com

Adding uncertainty to the picture is the daily technical analysis, which is intensely green. The price is above the pivot point but below the first resistance level (USD 0,41349) so, despite the optimism in this indicator, the token could spend a long time bouncing between the pivot point and the first resistance level.

So we do what we always do when we have conflicting signs. We see what’s the monthly technical analysis because the market follows the longer-term indicators more closely. In the 30 days analysis, the price is above the pivot point $0.32594 and also beyond the first resistance level of $0.36321.

The next resistance level is at USD 0.41756. Nine out of twelve moving averages are green, but most technical indicators are red. The only buying signals are provided by the MACD(12,26) and the ADX(14). Everything else is either neutral or signaling to go bearish.

There is no discernable way to reconcile the trend in the chart with the technical indicators and moving averages, so the market is very confusing. Even a tiny bit messy.

XRP’s steep downtrend

The current trend downwards is so steep that it can’t last for long, especially in the currently bullish environment we can see in the rest of the cryptocurrency market. The price is bound to bounce back, but there’s no way to tell if that will happen in the next few hours or in the next few days.

It seems that today is a good day to leave XRP alone, do a little research, and find another coin that shows a clear trend that you can take advantage of. XRP’s indicators are too contradictory, and while a rise is in the cards, there’s no way of knowing how much more it will go down before it goes back up, which is a dangerous proposition if you have leverage.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

OKEx hints at Lightning integration as the exchange’s Litecoin offering enlarges

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Cryptic announcements are usually not very welcome in crypto. Ironic, isn’t it? Well, not that much. People talking about cryptocurrencies typically have a strong point to make, so they make it very strongly and directly without beating around the bush. That’s why a message published by OKEx a couple of days, via Twitter, has been making waves all over the cryptosphere.

The cryptocurrency exchange platform (one of the largest and the oldest in the industry) published that it is about to “Light up the market” and “Lite up the darkness.” No more information is available. Only a time frame (May-August 2019) and a bolt of lightning.

OKEx started in China. However, it’s now a global company that services more than a hundred countries all over the world. Its daily trading volume (according to the company itself) is of USD 1.5 billion.

Could that mysterious message be about Litecoin? It’s doubtful. Litecoin has already been available for trade in all of OKEx’s trading modes for quite some time now, so it wouldn’t make sense to do so much ado about nothing. The platform’s team must have something different in mind.

An option could be for OKEx to offer new trading pairs including many other digital assets, with the new pairs using LTC as the base coin. It would be great news for LTC as it would create a lot of new demand and trading volumes for Charlie Lee’s crypto token. But it’s unlikely.

If we take the dates as a hint, we’d need to wonder what event is scheduled to happen in the cryptosphere during August. There are several, but one seems more relevant than the rest. It’s Litecoin’s upcoming block reward that will occur on August 6th, 2019, at 09:00 UTC. But that’s just speculation and so many things could happen over the next three months that the date remains highly confusing as a hint.

The insistence on using lightning bolts, on the other hand, could point to the adoption of Bitcoin’s new Lightning network, which is already deployed and in production even though it’s still in the Beta stage. Should this be the correct interpretation of those tweets, it would make of OKEx the first platform to seize the power of the LN to process withdrawals and deposits, which would make transfer speeds much higher and the user experience much friendlier. It would also turn OKEx into one of the network’s most significant nodes.

So no, we really have no idea about what OKEx meant at all. But we’re pretty sure we’ll find out in the fullness of time, and it will be fantastic news, especially for Litecoin. We see the point in creating expectations in the wake of OKEx making what, we assume, will be an essential move for the platform and for the cryptosphere as a whole. But this kind of marketing tactics can be a tiny bit annoying, and if the Chinese company has chosen to play it like this, then it better makes sure that the news, when it’s finally announced, is truly spectacular.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Tron to build ‘Dragon Castle’ with Korean gaming giant SkyPeople

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SkyPeople is one of Korea’s most popular game producers, and recently, the company launched a mobile RPG known as Final Blade. The game became an instant hit, gaining massive popularity in Korea, as well as in Taiwan. It appears that SkyPeople is preparing the launch of another game, and this one will be made in partnership with one of the most popular crypto projects around the world — TRON.

SkyPeople partners up with TRON

According to TRON’s recent announcement, Derek Park, the CEO of SkyPeople, recently signed a Memo of Understanding with the Sun-led Foundation. The new partnership will see the development of a new game, which will be created within the TRON ecosystem.

The Memo of Understanding between Park and TRON founder, Justin Sun, was allegedly signed over a month ago, in early April. The game in question will be titled Dragon Castle, and it will be created on TRON blockchain. Sun seems to believe that the project will benefit both companies, giving SkyPeople’s userbase easy access to cryptocurrencies, and giving TRON’s userbase a great new blockchain-based game.

Naturally, this will also mean additional use cases for TRON, especially when it comes to TRX, and possibly BTT. It appears that TRON remains fully committed to its expansion to the gaming industry, with SkyPeople being among the first and biggest partners that the company will collaborate with.

Derek Park also mentioned that the long-term partnership between the firms would produce visible outcomes, one of which is delivering proof of the viability of a new gaming market. So far, Park has met with Sun several times. On each occasion, the two discussed different possibilities and potential that blockchain technology and gaming industry can achieve together, as well as different ways in which gaming can be transformed through blockchain.

Understandably, the game will also feature its native token, dubbed as DC (at least for now), which could be used by the gaming community.

TRON continues expansion to the gaming industry

As for TRON, the project started working with game developers and dApp makers last year, after launching its MainNet. The company even created a special fund, which is to be used for financing anyone within these industries who choose to start working with TRON.

So far, even developers from other crypto projects, such as Ethereum and EOS have migrated to TRON, making it the fastest-growing dApp development platform. However, the game developers did not refuse the call either, and several big ones have already joined TRON. BitGuild is one of the best examples, and the company even abandoned its place on Ethereum’s blockchain to start creating new products on TRON.

Meanwhile, TRON has managed to retain 11th spot on the list of largest cryptocurrencies by market cap. Not too long ago, it was briefly pushed to the 12th spot by BSV, but the situation has now taken a turn once again – and TRX took its position back. As we write this piece, the coin’s price is growing steadily, with 3.45% growth in the past 24 hours, which takes its price to the current $0.028407 mark.

If the coin’s growth continues at this rate, it might soon breach its significant resistance level at $0.03, and potentially even surge beyond that. It is widely known that TRON’s price is massively undervalued at the moment, especially when considering the project’s achievements. Of course, a significant surge would be warmly welcomed by the crypto community, and it would also show that TRON’s move towards gaming is much supported.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Ripple adds selling point when recruiting new customers, says MoneyNet

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MoneyNetInt offers a broad spectrum of financial products for its global clients. One of its core services is the international transfer of money at competitive costs. This service is essential for any company that operates globally. That’s why the company joined the Ripple Net. Using Ripple’s global payments platform makes MoneyNet Int’s services more efficient, secure, and competitive. It also helps the company’s customers as it facilitates new business by reducing the cost in the current ones.

Raphael Golan, the Business Development Director of MoneyNetInt, affirms,

“We support our customers by facilitating their cross-border payments,”

He added,

“Many of them are based in different regions around the globe, but trade with customers in Europe and the US. By utilizing our localized payment network of banks and partners, they are able to process cross-border transactions for a far lower commission than they would in traditional local banks in each of these regions.”

After decades of being dominated solely by the SWIFT system, we’ve seen over the last five years how the global remittance environment has become much more competitive. MoneyNetInt has managed to stay on top of things and keep its place in the market by finding innovative ways to continue providing its customers with better value for their money. That’s why as last year began, the company decided that it was time to give blockchain technology a try.

Golan resumed,

“We knew that if we could cut transaction time from a few days to less than a day, while still reducing costs,”

MoneyNetInt Business Development Director went on to add,

“It would allow clients to invest more time and money in developing their business. We saw that blockchain technology could disrupt the traditional cross-border payments industry but couldn’t find a partner who could provide a professional and reliable platform until we met the Ripple team.”

As soon as MoneyNetInt saw the advantages in Ripple’s technology (faster transfers that are reliable, more secure, and at lower costs), it became quite enthusiastic about moving quickly towards adopting it. It took only two months of development for the company to be online in the RippleNet, and it was fast to bring six more partners to the party.

Avi Strarodubsky, Head of Business Development at MoneyNetInt, recalls the experience as an extraordinary one. In his view,

“We have established a great relationship with the team at Ripple from day one. With their extensive experience in the field, they understand the pain points of applying new technology to the traditional payments world and were responsive to our requests and needs.”

Starodubsky added,

“Having a partnership with Ripple is an added selling point when recruiting new customers,”

He continued,

“Being part of the RippleNet is generating more business, and we are constantly introduced to new partners. It also opens doors for relationships with banks and financial institutions around the world, as being a RippleNet member means speaking the Ripple “language,” which essentially reduces time to market dramatically.”

So now MoneyNetint has been able to give their customers better prices, faster speeds, additional security. In short, it’s gained the edge over many competitors, and its clients are getting more bang for their international buck. It’s a crucial element in the company’s ability to stay current. And that’s all because of their partnership with Ripple. That is what they say.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.