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The Tron based IGG token gets withdrawn from Tronscan DEX

January 4, 2019 by Ali Qamar

Intergalactic Gaming Gold (IGG) announced earlier that its Tron-based token has been officially withdrawn from Tronscan’s decentralized cryptocurrency exchange. This move follows the need to migrate the token from TRC-10 technology to TRC-20 (both are based on Tron’s protocols).

The IGG token is currently TRC-10 and it’s been traded on the Bancor protocol based decentralized exchange for more than a month. That exchange tends to be a little volatile, which is something the project wants to avoid.

IGG is in alpha stage for its testnet v1.0, which is quite advanced, and the next step in the way is to turn IGG into a TRC-20 token. Said token will be listed on TRXMarket which is an Order Book style kind of thing. The TRXMarket listing costs nothing but it has the advantage to make the token’s economics a lot more liquid.

So what’s the difference between a TRC-10 and a TRC-20 token, I hear you ask? Well, it’s all about flexibility and functionality. TRC-10 tokens are not that flexible nor functional, while TRC-20 tokens are standard resources in the Tron blockchain for smart contracts and they can be implemented via de Tron Virtual Machine (TVM).

Those features are essential if IGG’s vision for a tokenized standard in the online gaming industry is going to work at all. The token is meant to satisfy several use cases, and in most of them, being able to comply with a smart contract between platform users is crucial.

This is a pivotal time in IGG’s journey, and the project feels this is the moment to affect the migration towards a TRC-20. As mentioned above, that will enable the token to be deployed in smart contracts for users (which in this case are players). The players will be able to establish teams on the Tron blockchain quickly, instead of migrating once the teams are settled. And it will also allow for a freeze feature, among many others.

Besides improved functionality and use cases, the migration gives the IG project the opportunity to do a little marketing by rebranding the token that makes the IGGalaxy move. There’s a list of potential names at the project’s website for community members to cast a vote and suggest what the new token’s name should be.

The new name is already chosen and if your entry wins you’ll get a million tokens. You can join the competition by sending an email to competitions@iggalaxy.com

https://twitter.com/IG_Galaxy/status/1080548626802319367

The developing team is currently working on a script that will enable Glacticians to send their IGG to a wallet that will send them the new TRC-20 tokens back, on a 1:1 basis. The new token will be ready and functional in about 24 hours and thus will the swap process begin.

It’s important for users to know that the SR rewards and Loyalty rewards for IGG will be suspended until further notice. TRX rewards will, however, remain functional. But the suspended rewards will be backdated and honored once the new token is ready.

If you want to get official instructions for swapping tokens, just visit the project’s website, where you’ll find all the information you need. In the meantime, we suggest you be patient and prudent.

Image courtesy of PixaBay.

Filed Under: Tron Tokens, Project Review Tagged With: IGG, TRC20, TRON (TRX)

500 million XRP go back to escrow for 55 more months

January 3, 2019 by Ali Qamar

As the new year begun, 500 million XRP tokens went back to an escrow account for 55 months. Why did that happen and why does it matter? Well, it’s a bit of a long story but bear with us and will explain it all to you.

Some time ago, Ripple committed to putting 55 billion Ripple’s XRP in an escrow account in order to ensure certainty of XRP supply and stability at any given time. The account is there and it’s releasing a billion XRP into the market every month, and whatever is left after selling tokens to Ripple’s customers goes back into a new escrow account and it’s kept there for 55 months.

https://twitter.com/XrpCenter/status/1080148841280782337

Keeping the XRP’s lion’s share secure in escrow allows people to figure out exactly the maximal market supply the token can have. Ripple still owns most of the world’s XRP supply which makes the company the token’s steward.

It’s shown to be a competent guardian with a track of investing and backing the XRP environment. The escrow lockup ensures that Ripple can’t speculate and change the assets’ price by flooding the market. It would make no sense for Ripple to do that since it would be the most affected party in that kind of scenario, but with the escrow contract, everybody can be sure about it without the need to trust Ripple’s good faith.

The lockup also ensures the community about Ripple’s commitment to build XRP’s liquidity and keep the market healthy and trustworthy. The coin’s price will be determined by demand and utility in the long term, and not by sheer speculative forces, which remain dominant in crypto.

And that matters a lot because unlike those other assets drove purely by sentiment and speculation, real institutional customers are already using XRP because they find it has real value. Moreover, central banks, regulators and governments are coming to realize that this is a cryptocurrency that could play a role in the global economy.

XRP can do something that Bitcoin does well already: to store value. But it takes things a step further by delivering transactions speeds an order of magnitude higher than BTC or ETH. It’s the fastest, most efficient and scalable digital asset in the world, which makes it suitable to process payments of all kinds the world over.

Here’s how the Escrow works: parties involved in a transaction can secure a number of XRP tokens for a fixed amount of time until some particular conditions are met. Until such conditions are cleared, the tokens remain cryptographically secured. That’s known as a smart contract.

Ripple created 55 contracts worth a billion XRP that will expire on every month’s first day for 55 months. As each contract expires, the blockchain firm behind XRP, Ripple will have a billion tokens to use to sell its clients or to offer into the market, but so far they’ve privileged the option of making the asset available to institutional clients.

At the end of each month, some of the currency will be unused and it will go back into escrow (a different one). For instance, if 500 million XRP remain available by the time the next contract is due, those 500 million will go back into escrow as the new contract delivers another billion. And that’s exactly what happened today.

Ripple has sold 300M XRP on average for several months, so December was a good month for XRP, which is now the world’s second largest cryptocurrency by market capitalization.

Ripple’s vision remains the same – to enable the Internet of Value in which money moves like information moves today – and XRP is at the heart.

Image courtesy of PixaBay.

Filed Under: Altcoin News Tagged With: Ripple (XRP), xrp

Justin Sun recaps the year 2018 for Tron (TRX)

January 3, 2019 by Naveed Iqbal

Justin Sun ended his tweeting year recalling how successful it was for his project, as it managed to keep growing when so many other blockchain projects had to shrink because of the bearish market. In that regard, Tron stood up among all others by keeping their growth rate up and delivering in time every announced milestone in good conditions.

Tron will grow strongly in the future because it laid a strong foundation in 2018.

The last year (2018) was cataclysmic for the cryptosphere. Some crypto coins faced such great adversity from traders and investors that they were just bashed in terms of price. But the year, bad as it was for the market, saw a few critical projects develop their fundamentals swimming against the current. Tron was one of those.

Tron had great results along the year. It kept to its plan, and it delivered on every milestone in time, despite the terrible market environment. Looking back on 2018 Mr. Sun had this to tweet:

2018👀: Main Net launch, more transaction volume vs ETH, more accts vs EOS, 1M users in 183 days, 80+ DApps in 60 days, top 10 crypto. 2019⏩: Top 4, larger ecosystem vs ETH, @BitTorrent on the #blockchain, 🌎 largest decentralized ecosystem. Happy New Year & thank you! $TRX

— H.E. Justin Sun 孙宇晨 (@justinsuntron) December 31, 2018

Mr. Sun’s tweet points out at the key achievement in Tron’s network for last year. Not in terms of the project’s successful development but also thinking about long-term strategic progress.

In 2018 Tron was able to develop its very own network (called MainNet) to become independent from Ethereum. This was just the beginning. It’s worked amazingly well, and the community is not missing Ethereum at all. In only 183 days as a completely independent project, Tron was able to achieve all the following things:

  • Higher transaction volume than Ethereum.
  • More active accounts than EOS.
  • More than a million registered users in barely half a year.
  • More than 80 decentralized applications after only two months of launching its Virtual Machine (TVM), which is the dApp development environment.
  • A spot in the world’s top ten cryptocurrencies by market capitalization.

Those feats are all very relevant, and they attest the hard work done by team Tron all year long, but Mr. Sun is not ready to rest on his laurels despite that much success.  He wants a lot more, and he already published the project’s goals for the new year. Here’s what he wants:

  • To get into the top four currencies by market capitalization.
  • To make Tron ecosystem’s larger than Ethereum’s.
  • To complete Project Atlas (to integrate BitTorrent into Tron’s blockchain).
  • To make Tron the largest decentralized environment in the world.

Some of these goals are obviously quite ambitious, but ambition has been Tron’s hallmark since day one. And the way the team has performed for the last twelve months just shows that all those new goals for the new year are within the Tron’s community reach if they keep working as hard (and as smart) as they have for the last year.

Tron is a project with great ambition but also with solid fundamentals, and it’s managed to grow in a highly speculative and adverse environment. Keep an eye out for Tron on the new year, started today. Perhaps you’ll be as surprised as we are.

Image courtesy of PixaBay.

Filed Under: Tron News Tagged With: Justin Sun, TRON (TRX)

Stellar (XLM) vs. Tron (TRX): Is a new crypto feud starting?

January 2, 2019 by Ali Qamar

Jed McCaleb has built a reputation for himself over the years. He founded Ripple Labs, Mt. Gox, e-Donkey and, more recently, Stellar Lumens. Yesterday, he told Yahoo finance that Tron is “just garbage.” He also said his interviewer that, even with the year’s turbulence, the crypto market is going well.

Over the telephonic interview, Mr. McCaleb was asked what he takes away from crypto independently of the price. He answered that the way in which capital is invested in crypto projects is “wild to watch.” He added that a reduction in market capitalizations and token prices things would smooth out.

“One of the nice things that comes with the market calming down—I still say it’s not a bear market—it means there’s less of that. Ninety percent of these projects are B.S. I’m looking forward to that changing. Things like Tron, it’s just garbage. But people dump tons of money into it, these things that just do not technically work.”

It’s anybody’s guess why Mr. McCaleb chose to pick at Tron which is actually an interesting project. Tron has already outperformed Ethereum as a platform for actual smart contracts development and usage, which almost nobody could have predicted a year ago.

That is no mean feat as Ethereum was the blockchain that created the smart contract technology and even Tron came to life as a project running over the Ethereum network. Stellar Lumens itself still has no smart contract development platform that can compete with Ethereum, let alone Tron. Mr. Macaleb did not explain himself about calling Tron “just garbage.” This will probably leave many neutral observers in the cryptosphere scratching their heads.

Stellar’s marketing is poor

Mr. McCaleb had to answer an uncomfortable question. Do people generally know what Stellar Lumens is? He answered he didn’t think so.

“I don’t think they do. We’ve done a pretty poor job of marketing it and telling the world what Stellar is about. I think they have a vague notion that it’s for payments, but I don’t think they know the details and the real power of it. We’re hoping to change that in 2019, but it’s a process.”

It’s quite clear that most people in the world, even technical people with university degrees have little or no idea of what blockchain technology is. They have no idea about how Bitcoin works, not to mention Stellar which is nowhere near as famous.

Majorities have no interest so far in blockchain banking offerings. Most people in the world still prefer to use their credit or debit cards to settle payments using the USD as the mediating fiat currency. So Stellar’s market is still in diapers, maybe even in fetal stages.

Mr. McCaleb is not alone in going against Tron. Vitalik Buterin, Ethereum’s creator and leader, has also had harsh words for Justin Sun and the Tron network in the past, especially as Tron became an independent blockchain (which previously ran on Ethereum) last May.

Stellar remains on the top ten list of cryptocurrencies by market capitalization. But Tron has recently entered that very same list, in a year that has seen most digital assets lose a lot of value. And Ripple which is very alike to Stellar Lumens in design and functionality (let’s not forget that Stellar came to life as a Ripple fork, which Mr. McCaleb also founded) is already the world’s second largest.

Ripple and Stellar Lumens are considered to be direct competitors because both projects pursue the same markets. Both have scored successes. Ripple has outperformed Stellar in terms of strategic partnerships and integration with banking systems all over the world. But Stellar has secured IBM’s backup, which could end up being critical, as it was for Microsoft 40 years ago.

If we go by transactions, Tron processed 2,845,490 on December 30th. By comparison Stellar did 1,024 over the same time period, and Ripple 396,354.

On hearing Mr. McCaleb’s comment, Justin Sun, Tron’s CEO and founder had this to tweet:

BitTorrent: The OG in P2P, 1B+ users, bringing P2P to mass market. eDonkey, founded by @JedMcCaleb: RIP 2002. Guess we’re doing pretty well for “garbage” 🤷🏻‍♂️ Prediction for 2019 📣: #TRON vs @StellarOrg will have same results as @BitTorrent vs eDonkey $TRX #XLM https://t.co/HTu5p6Q8g9

— H.E. Justin Sun 孙宇晨 (@justinsuntron) January 1, 2019

Mr. Sun refers in his tweet to e-Donkey which was a decentralized P2P network that became fashionable at the turn of the century (much like Napster) but ultimately failed. That very network and protocol were founded by Mr. McCaleb. Many P2P networks were online at the time, following e-Donkey’s protocols more or less (e-Mule, for instance), and they have all disappeared now.

They were all substituted by another P2P network called BitTorrent a few years later which is still active today and remains the world’s largest decentralized P2P network in the world. So why is Mr. Sun kind of bragging after Mr. McCaleb’s comment?

Because Tron bought the BitTorrent network a few months ago and it plans to merge it into the Tron blockchain. That merging is called “Project Atlas,” and it’s been on the works for several months already. When it’s completed, every single BitTorrent user in the world will become a Tron community member, whether he knows it or not. And that’s more than 100 million monthly users.

While there is little doubt that Mr. McCaleb created the P2P decentralized networks or Ripple, the fact now is that the P2P world belongs now to Justin Sun and Tron.

It’s clear that Stellar Lumens is a solid project with lots of value as attested by the many strategic partnerships it’s managed to secure. But it still lags behind Ripple, which is just too similar, and poking a stick at Tron is probably not the wisest action Mr. McCaleb has ever taken.

Time will tell if this feud remains as an exchange of a couple of tweets or if it becomes more serious.

We have the utmost respect for Mr. McCaleb, but we can’t understand at all why he had to be so vocal about a project like Tron that is actually working and rendering results.

Image courtesy of PixaBay.

Filed Under: Tron Universe, Tron News Tagged With: Ripple (XRP), Stellar (XLM), TRON (TRX)

2019: The year many cryptos might struggle to survive

January 2, 2019 by Ali Qamar

2018 had been catastrophic to most of the crypto verse because of continually dropping prices. That will put many blockchain projects between a rock and a hard place because they will lack the resources to fund their businesses. Some are already laying off a lot of people, shutting down projects, and scaling back so they can deal with the current hostile environment.

Anthony Maguire, who previously worked for Facebook and now runs a blockchain advisory and education business for emerging markets had this to say about the elephant in the room:

“I think you definitely will see companies go bust. Tech startups go bust all the time. Sometimes they get swept under the rug in the sense that people just forget about them.”

A tale of ups and downs

2017 was an amazing year for the cryptosphere. Its popularity exploded because of Bitcoin’s rising price and the insane amount of initial coin offerings (ICOs) that happened during the year.

The Bitcoin-USD trading pair kept going up almost all year, and that brought to the market lots of new investors that were not interested otherwise. Most of the newcomers were hoping to make authentic fortunes as BTC kept increasing in price. By December, the price was dancing around the $20,000 level.

Then there were the ICOs. They just went crazy. It happened because startups found ways to issue their own native tokens, modeled on Bitcoin up to a point so that they could fund their projects.

Ethereum was the most popular platform for that, which means that most new projects were selling their assets in an ETH trading pair and that drove demand for Ethereum high and turned it into the world’s second-biggest currency by market capitalization.

But it couldn’t stand its ground against Ripple’s XRP which now holds that second spot. By year’s end, there were more than a thousand new digital assets in the market.

And then, 2018 came along. The thing (you know what thing) hit the fan, and it got splattered all over the place.

Bitcoin was at $17,000 on December 17th, 2017, and it’s trading around $3,800 as we write this. When the price was at its peak, no new investors came into the market hoping to get rich, so the market collapsed. Many Bitcoin holders found out that they had an asset in their hands for which there was very little demand or usefulness aside from speculation.

Not only Bitcoin has gone down, but most of those ICO tokens have also had a catastrophic year because most of their parent projects have failed to deliver their very ambitious promises.

“We’ve got a 90% s***coin marketplace, where people have then lost money because the realization has been there is no utility,” Edd Carlton, the head of OTC trading at BlockEx, told Yahoo Finance UK.

It matters when you have a history

Almost as important as Bitcoin is Ethereum and it’s also been going down all year. From $1,000 to around $130 currently. ETH has also brought down the prices for all the other ETH-20 tokens that saw their coins lose value and their cash piles shrink, whatever care they could have taken to prevent that.

“There’s less propping up poorly managed companies now than there was in January,” Maguire told Yahoo Finance UK. “It’s easier when you have years and years of the runway and huge valuations.”

The market’s failure already has consequences. Steemit, the blockchain-based blogging site, got rid of 70% of its staff after its coin collapsed. SpanChain, an adult entertainment project also based in crypto is losing 60% of its people for the very same reasons.

ConsenSys, which enjoys a rather high profile in the cryptoverse, is going to do away with 13% staff for now, but it could go as high as 60% in the near future.

Crypto miners, which are the companies, or private individuals that give life to networks such as Ethereum and Bitcoin (and yet, not all tokens are minable, like Tron or XRP) are also having a hard time because mining is becoming more expensive as the coin’s value is going down.

So it’s stopped making economic sense for many of them to be involved in the mining process. Gigawatt, a Bitcoin miner, based on the US filed for bankruptcy in November. Bitmain, a company that manufactures Bitcoin mining equipment is already laying people off

“We look at this correction as fairly healthy for the market,” Lucas Friss, head of business development at Cumberland Mining, told Yahoo Finance UK. Cumberland Mining is an over-the-counter cryptocurrency trading businesses owned by Chicago prop trading company DRW.

Friss said,

“There’s a lot of questionable projects and things out there that need to wash out of the system for the intelligent and the strong projects to come out the other side”

He didn’t “attack” any particular project, but spoke about the market as a whole. He also predicted that many investment funds based on crypto would shut down next year (this year, 2019).

“You have a lot of funds that were started that aren’t going to survive,” he told Yahoo Finance UK. “Part of that is confirmation bias. If you bought bitcoin in January 2017, you probably think you’re an investment genius.”

But both Mr. Friss and Mr. Maguire agreed in that this current hostile market situation will ultimately benefit the cryptosphere.

“People who are still going to [crypto] meet-ups right now are people who really care and people who are in it to really solve hard problems,” Maguire said. “I think what we’re going to have in 2019 is less hype, more hard work, and more deliverables.”

As long as the bears run the market, things are going to look fishy. But who really knows? 2019 could also be the year in which the bulls take over the market again, as they did in 2017, and create such a spike that even doubtful blockchain projects could be rescued.

The crypto market has been down many times already. Each time it’s recovered and reached new unsuspected heights, so there’s no reason to believe that this is the end seriously. At least not for every single cryptocurrency especially Tron (TRX) and few others with real vision and potential but, yes, maybe a few are taking their last steps. Only time will tell.

Image courtesy of PixaBay.

Filed Under: Market Analysis Tagged With: Crypto Market, Crypto Predictions 2019, Cryptocurrencies

Tron (TRX) salutes the new year with a new campaign

January 1, 2019 by Ali Qamar

Justin Sun, Tron’s CEO and founder is a man who knows to use Tweeter to great effects, like a nice and intelligent version of Donald Trump. Yesterday, he tweeted something of a congratulatory message for the Tron community because of the current holiday season, New Year’s Eve, more specifically.

His tweet reads:

The year of 2018 is almost gone, are you ready to embrace the year of 2019? What’s your New Year Resolution? Share this post, @ 2friends with #niTROn2019, let us know your wishes to friends and #TRON team. #niTRON tickets and #TRX are waiting for you. $TRX https://t.co/3gibmR5YcZ

— H.E. Justin Sun 孙宇晨 (@justinsuntron) December 31, 2018

The community answered enthusiastically to Mr. Sun with wishes such as “for Tron to grow in adoption, users and sophistication”, “to buy a house with $TRX”, “to confirm the #TRX moon”, “My New Years Resolution is to continue to WORK, #HODLTRX and accumulate more, to run another half marathon, and to continue my support of the #TRON ecosystem on and offline. I want to double my hodlings of $TRX by this time next year.”

Tron is one of the blockchain communities with the tightest, most committed members, as is apparent from their new year’s wishes. And they have good reason to be pleased about the currently ending year and to look forward to the future optimistically.

As 2018 started Tron was a fledgling project that was recently launched over the Ethereum network with an ERC-20 based token called Tronix (TRX) and it was all working well, or at least as well as it could be expected at the Ethereum level since that network has had performance issues all year long.

Even before the year began, Tron’s leadership realized that the project’s huge ambitions (to decentralize the whole web and content production systems using Tron’s blockchain, no less) were going to need a network way more powerful than Ethereum’s. So they started to work on a new, independent, network called the Tron Main Net. Which went online in May, after several successful developing stages.

But that wasn’t everything. After that, the project released its new virtual machine, a developer’s kit, several websites, a decentralized crypto exchange, a weekly online magazine. It acquired several important new strategic partnerships. Every milestone was delivered on time and it worked correctly too.

Perhaps most importantly was Project Atlas. Mr. Sun had the idea to buy BitTorrent, so he went ahead and did it. So now Tron owns the world’s largest decentralized network and it’s going to integrate it into the Tron’s blockchain. It will reward seeding with TRX tokens and from one day to the next Tron will be the world’s largest content provider through BitTorrent.

So it’s been a very good year for Tron, and community members are picking up on that. They’re being quite optimistic and hoping for great things for 2019. And we can’t argue with that. Tron is a solid project in which the fundamentals are strong because the network has some very interesting use cases and it’s not based only in the speculative power of a cryptocurrency, which is too often the case with blockchain projects.

Image courtesy of Pixabay.

Filed Under: Tron News Tagged With: Justin Sun, TRON (TRX), TRX

Tron’s fundamentals still strong, TRX bulls mounting

December 30, 2018 by Ali Qamar

Things keep happening for Tron. It’s processed more than 100 million transactions already, according to Justin Sun (CEO and founder). The community anticipated zero transaction fees by the Friday that just gone past, 28th.

About a couple of weeks ago, Mr. Sun reported through his Tweeter account that the Tron network has now processed more than a hundred million transactions and that the environment will probably support zero transaction first 21st.

The TRX/USD trading pair has been on the soft side of things since November 29th, after it peaked at the turn of last month. Support for TRX has remained reliable within that near-term demand zone. It has happened since last November 20th and it’s provided comfort for the coin and it’s prevented a free fall that could have brought it down below the one cent limit.

Technical behavior aside, Tron’s fundamentals remain solid as a rock. Mr. Sun keeps the community updated all the time through Twitter. A lot of promise is still held by Tron’s daily transactions and activity.

Tron went over 100m transactions

Mr. Sun went to his account on Twitter, as usual, and announced that the network is over one hundred million transactions. He tweeted:

#TRON has reached 100 million transactions today. #TRX $TRX pic.twitter.com/HrDFQxn6Te

— H.E. Justin Sun 孙宇晨 (@justinsuntron) December 16, 2018

As you can see above, Sun also provided a screenshot of the platform which provided proof of the transaction numbers.

Two million per day

Mr. Sun has not stopped ringing the bell of Tron’s achievements. The project keeps breaking new records all the time and Mr. Sun is there to let us know. Recently, it went over two million completed transactions per day which are quite impressive in its own but even more so when you compare it with other players, as in this tweet:

#TRON's new record of 2,64 million daily transactions in comparison w/ the Top 5 #crypto👇🏽#TRX 2,646,532 Txs volume is:

9.6 times more than #Bitcoin's 275k
4.6 x #Ethereum's 567k
4.1 x #Ripple's 633k
188 x #Tether's 14k
264 x #Stellar's 10k#IAmDecentralized 🖖🏽#TronFOMO$TRX pic.twitter.com/USVIQ6Jspf

— Misha Lederman (@mishalederman) December 15, 2018

‘Zero’ Transaction fees about to arrive.

Keeping his Twitter account alive, Mr. Sun also posted this:

Breaking News! 📢📢📢

The transaction fee of #TRXMarket has dropped to 0.1% at 07:00(UTC) on Dec 14th! 👏👏 And 0 transaction fee will be realized by next Friday, go trade: @ https://t.co/tflRhfOusM tele: https://t.co/TjFjcXhsk2 #TRON $TRX @justinsuntron @Tronfoundation

— PoloniDEX (@PoloniDEX) December 14, 2018

If we take Mr. Sun at face value, then the network will be at 0 (zero) transaction fees by now. And we should because this is a project in which the leadership always delivers.

Tronix vs USD trading pair: Technical analysis

This trading pair might be in for interesting gains if the bulls keep up the current momentum they’ve been providing. The current resistance level needs to be broken if the coin is going to move north and go to $0.022 and up to $0.024. Up until August, $0.016 was the currency’s support level. Breaking that level was a bit of a challenge, taking into account the acting demand. But that happened.

Then there’s the TRX/BTC trading pair which is getting near a game-changing zone. The price had hiccups during August (and October), so it’s not a sure thing at all. A quick look into the daily charts shows that a lot of bears are installed there. That causes for the price to go back down free-falling every time. If that level is cleared, then we should see a renewed tide of ‘buying pressure’ that could change the game.

Image courtesy of PixaBay.

Filed Under: Project Review, Tron News Tagged With: Price Analysis, TRON (TRX), TRX

SEC Veteran, David Labhart, confirms to speak at Tron niTron 2019

December 26, 2018 by Ali Qamar

In a recent press release through their Twitter handle, Tron foundation announced that David Labhart, a veteran SEC compliance officer, would be attending the niTron Summit that is scheduled to be held in January 2019. The tweet read:

“As one of the notable experienced SEC Compliance Officer, David Labhart, will be giving his contributions at #niTROn2019 to share his views on blockchain market and its regulations. David has 15 years of experience in the securities industry working for the U.S. Securities and Exchange Commission and S&P Global Ratings.”

According to many cryptoanalysts, the scheduled niTRon 2019 event has the potential of being a hub where individuals and companies from different industries are familiarized with blockchain technology and how it stands to benefit them and make their lives not only better but also allow them to profit from the venture.

Themed as “acceleration,” niTron 2019 promises to be one of the most significant advanced tech hubs the world has witnessed in recent time with expectations high that it’s going to give cryptocurrency and blockchain technology the more exposure and adoption it deserves provided everything goes according to plan. The event is going to be held at San Francisco, the world’s most advanced tech hub.

Tron as a company that recognizes the significance of the research and development of blockchain technology hopes to make use of the event by sharing with the audience their findings and experience with developers and industry players in blockchain related fields.

“We also hope to create awareness among non-blockchain markets by sharing our experiences and knowledge on how to reap big through implementing blockchain technology. At the Summit, we will engage in a dialog concerning the current technological progress within the blockchain industry, the future of the technology, and the best practices to players can adapt to inspire the market to contribute to the development of blockchain.”

Tron to Rekindle the Entrepreneurship of Silicon Valley

For a long time, San Francisco more so Silicon Valley was perceived to be the Holy land of new technology and entrepreneurship. The energetic society of entrepreneurs, marketers, developers, investors among many other players, have all contributed to the ever-growing tech industry in Silicon Valley.

And as one of the world’s significant and promising tech hubs, Silicon Valley not only played a significant role in supporting the development and adoption of blockchain technology during its initial years but continues to do so to date.

According to reports from various researchers, blockchain technology has stood out of the pack to rank as the fastest growing technology in the tech market, with organizations hiring and looking for bright individuals who have blockchain experience to build their internal teams and projects.

And with such a strong and supportive base of bright individuals in Silicon Valley, niTRon 2019 promises to be one explosive event not only in the cryptocurrency and blockchain world but to the entire world of money and technology.

A Big Celebrity Expected at niTRon 2019

Apart from the array of experienced cryptocurrency and blockchain experts expected to grace the event, Kobe Bryant, a familiar sports icon and celebrity is also expected to be on the list of individuals who are going to give keynotes speeches at the niTRon 2019 event.

Having Kobe will undoubtedly have a marketing advantage that is expected to capture the attention of a big audience in the US and other parts of the world. As it is his usual style, Justin Sun took to Twitter to express his anticipation and enthusiasm for having the basketball star on the summit platform.

“Kobe Bryant is one of the top basketball names and genius. I also happen to be a huge fan of Kobe throughout the years. It is my great honor to announce Kobe is going to be our special guest for the niTRon Summit 2019. It is prudent for me to say that Kobe is not only a basketball genius but also an investment genius. We look forward to having him and hearing his great contributions at the summit.”

Image courtesy of Pixabay.

Filed Under: Tron News Tagged With: Justin Sun, niTron, TRON (TRX)

BeatzCoin is propelling Tron across Europe with the help of Deniro

December 22, 2018 by proguerra

When the hip-hop scene in the Balkans began to take off, Danijel Mitrović who is better known as Deniro, emerged as a central piece of the rap arena. Artists like Deniro, who rise up out of the underground music world, know what it’s like to put the work in and find success in spite of outside forces like record labels creating artificial barriers and he agrees that VibraVid and BeatzCoin will help.

The VibraVid platform and its BeatzCoin (BTZC) economy will be very similar to many other social, content-sharing platforms, where content creators can upload their work, and users can absorb that content.

But with VibraVid, our token BeatzCoin, will be used to perform certain transactions and functions that allow artists to connect directly with fans without labels siphoning off profits as nothing but middlemen.

The goal is to reach mass-adoption amongst aspiring musicians, rappers, producers, and allow them to make the decisions on important issues surrounding distribution and advertising.

VibraVid will take the power and reach of mainstream industry giants and offer it straight up to the artists themselves. The platform will provide not only an alternative but a solution for artists looking to break apart from the unfair deals that the music industry offers.

According to a study by Next Big Sound, unsigned and undiscovered artists account for more than 87% of music-related facebook likes. Indie artists attract tons of attention but don’t have many avenues to turn likes and upvotes into real money.

The music industry is completely lopsided, but with VibraVid artists will have a means to not only get their music played but also get paid.

VibraVid will provide these solutions by giving artists back control of their art. Anyone can upload content, and charge a price for streaming, or set a price for users to download content.

stefen1

You will get the majority of your earnings. The VibraVid platform receives a very small fee from premium uploaders. You get what you deserve! Likewise, forget spending hours out of your own time to market, and forget drastic marketing budgets…simply set a bounty in TRX or BTZC, and drive listeners to your content! This is marketing made simple!

By working with VibraVid and adopting BeatzCoin or TRX as your preferred method of currency, you are opening the doors to a brand new fanbase that is hungry for new music, and a brand new means of income.

For more information, you can check out the whitepaper at BeatzCoin.io, which outlines the whole VibraVid vision.

And get the most up to date information from the team by joining the official BeatzCoin Telegram channel. And by following BeatzCoin on Facebook and Twitter.

https://www.beatzcoin.io/

https://t.me/beatzcoin

https://www.facebook.com/BeatzCoin/

https://twitter.com/BeatzCoin

Check out Deniro

DENIRO:

Facebook

Instagram

Facebook page

Deniro Video Facebook

Deniro Video Production Instagram

Filed Under: Press Release, News, Tron News Tagged With: BitTorrent, Cryptocurrencies, Decentralized Applications, TRON (TRX)

Tron (TRX) gets listed on BBX crypto exchange; the lion is roaring

December 21, 2018 by Waqas Sattar

What a heartening week this has been for the crypto-sphere. Outliving the intricate era of confusion, bewilderment, and bafflement, the market is now, at last, on its course towards roaring. For the entire week, every other digital currency in the market has gained significant uplift after a dwindling period of one month. Same has been the case with rapidly growing blockchain-based platform, Tron.

At the press time, Tron is shining at the 10th spot in the market and has secured a surge of around 55% throughout the last seven days. The cryptocurrency managed to raise its trading price to $0.020 with a significant uplift in the market capitalization.

That’s not just all, the chances of its glittering are very well there. Why are we so confident about it? Well, for us the answer is the continuous diligent expansions in the Tron’s armor to make it the ever more secure for its prudent community. We will look at those developments a bit later. For now, have a glance at the latest increment to the platform’s armor.

From December 20th, yesterday, Tron is listed on the BBX.com, a crypto-based contract trading platform. The exchange is going to initiate the TRX/USDT trading pair for its users.

In his tweet yesterday, Justin Sun, the Founder and CEO of Tron, shared the advancement with his devoted community by admiring the firm’s secure, swift and easy to trade platform, worldwide.

#TRON will be listed on @BBXCOM, a leading crypto-based contract trading platform committed to offering secure, convenient and advanced trading experience to global users, with leverage up to 100x. You can trade TRX/USDT on Dec, 20, 2018(SGT). #TRX $TRX pic.twitter.com/AvtqV9RqGK

— H.E. Justin Sun 孙宇晨 (@justinsuntron) December 19, 2018

Just like any critical observer would perceive, the news brought a lot of energy around the community and amplified their passion for their beloved crypto and encouraged them to grab the opportunity that they might be waiting for a while. One observant appreciated the news by saying, Tron is taking some mega price actions and urged his fellows to be prepared for the exuberant voyage. In his words,

https://twitter.com/FernandoLiu5/status/1075348125789900801

Another devoted follower of Tron shared his excitement by committing himself to start trading on the exchange; he commented on the news as follows:

Wow, I jxt can't wait to start trading

— Theophilus Alabi (@TheophilusAlab3) December 19, 2018

Now, as we discussed earlier, let’s take a brief look on few of the recent developments on the Tron platform, which not only made it the less affected crypto from the last month-long bearing but also helped in shaping it as the next shinning digital currency one should keep an eye for.

One of the major landmarks for Tron is that it has been listed on many top-notch trading platforms (still continuing to do so). Because getting listed on globally famous trading exchanges with favorable pairs provides its community with access to the crypto for trading anytime they wish to, in a secure and speedy environment.

One other project that is being greatly appreciated by the community is its Tron Accelerator Program, with a jumbo fund of $1M to help decentralized applications that are in their start-up phases. As the name of the project implies, the central perspective of the project is to increase the growth of decentralized apps on their platform. In doing so, the Foundation hopes to be reckoned as a catalyst for the adoption of dApps.

Another project that has been massively regarded by the crypto-community is its “Tron Arcade” program with $100M in its pockets, which will be spread throughout three years. The objective of the crypto-authorities is to accelerate its adoption and to improve the gaming wing of the company.

During its launch, the Tron’s head of Business, Roy Liu expressed his vision for the project that it is to help the crypto entering the gaming industry. He went further by acknowledging the rapid growth of the gaming industry. He stated:

“Our mission is to bring the blockchain to the mass market. Games led the way to make smartphones and virtual reality more accessible. Now it’s happening with blockchain”

Image courtesy of Pixabay.

Filed Under: Tron News, Tron Universe Tagged With: Cryptocurrency Exchange, TRON (TRX), TRX

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