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Justin Sun Talks About Project Atlas, BitTorrent and Future Prospects

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In a recent interview, Justin Sun, the Founder and CEO of Tron foundation spoke about the future prospects of the Tron Foundation, he recently acquired BitTorrent and the upcoming Project Atlas.

Speaking to Coincentral, Justin was candid in stating that the cryptocurrency world is evolving as a whole, and he is excited to be a part of it. He stated:

“For me, perfecting current technology and our community is the foundation of a project. No matter how the price changes, we are not going to stop improving user experience and TRON ecosystem.”

Justin Sun also stated that Tron has reached this far without any significant mistakes or failures, unlike some other networks. He revealed that the Foundation was investing a lot in the Research and Development initiatives of the cryptocurrency spectrum with the main aim of propagating mainstream adoption.

The discussion with Justin also covered the company’s unorthodox approach of focusing on the marketing aspect of the company rather than a smart contract approach. In Sun’s words:

“To be valuable, a network needs great technology, use cases, and users. By partnering with established companies such as LINE, Binance etc. our company gets more use cases for its holders, co-develops new technologies, and reach more people.”

According to Justin Sun, the BitTorrent acquisition is a step to bring in more blockchain based incentives to the masses:

“Since its creation, the BitTorrent protocol had a system of incentives built into its core processes. BitTorrent users can choose to upload data to users that upload faster to them. Prior to the acquisition in July 2018, BitTorrent’s R&D team was already researching ways to add blockchain-based incentives to the BitTorrent protocol.”

Project Atlas was also hailed as a way to empower creators and to make sure that credit is given where it is due. The company has also assembled a dedicated work force which develops Project Atlas.

 

 

TRX Gets Listed On CoinSuper

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Liquidity is an extremely important quality for any asset, be it regular or digital. A liquid asset is cash on hand or an asset that can be readily converted to cash. Being listed on more exchanges increases the liquidity of a digital asset. Tron did exactly that in the last year by listing TRX on a total of 66 exchanges, out of which the largest volume is held by Binance, Rfinex and OKEx. The latest exchange on which TRX will be listed was announced today.

Justin announced that TRX will be listed on Coinsuper, a Hong Kong-based “FIAT-to-Crypto” Exchange founded in 2017. Users will be able to deposit and withdraw TRX on the exchange starting with November 1’st, and exchange TRX/BTC and TRX/ETH starting with November 2’nd.

Coinsuper is committed to crafting a world-class cryptocurrency exchange to drive better participation into the financial world of digital assets. With its reliable, stable and high liquidity, as well as a deep bench of industry specialists, the platform has gained a solid foothold in the ranking of 24 hour trading volume among top 30 on CoinMarketCap.com  with over 1 million active users since its launch in February 2017. At the moment, Coinsuper is on the 27’th place in terms of 24 hour volume. Coinsuper has a total volume of $137.4 million in the last 24 hours. The largest volume on the exchange comes from ETH/USD, BCH/USD, BTC/USD and BCH/BTC.

The effects of these TRX listings on exchanges are not seen right now due to the current bear market. As a result, the TRX volume and price remains unaffected. Think of it as a seed, planted in the ground just before winter comes. The seed will remain covered, waiting for the right moment. When spring comes and the snow melts away, the seed will start to grow and be harvested once it reaches maturity. The same thing will happen to TRX in the bull market, yet to come.

UPCOMING Tron Events

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Warren Buffet has a saying: Risk comes from not knowing what you are doing. If you want to be a good investor and minimize risk, it’s your job to gain as much knowledge as you can. Gaining knowledge about the market will often allow you to identify certain opportunities. These opportunities, if acted upon at the right time, have the potential to increase the value of your portfolio significantly.

We decided to highlight some valuable information through this article. Although this information is publicly available, we realize not all people have the necessary time to gather or keep track of it. The following represent in our opinion, the main upcoming events on the Tron Network within the next three months:

November 2018:

  • IGG 1:1 Airdrop – IGG has an upcoming 1 to 1 airdrop in November. This means that you will receive 1 IGG for every 1 IGG you hold. There will be a minimum IGG requirement for eligibility to this airdrop, which will be disclosed when appropriate.

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  • TWX Partner Airdrop Celebration – A total of 6M Tokens will be rewarded in this airdrop. The requirements are a minimum of 50K TWX / 150K TWX / 200K TWX for each of the three airdrop phases.

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  • TRONbet distribution of ANTE and dividends – On Nov 1st TRONbet will take a snapshot of everyone’s ANTE. Over the next 24 hours all ANTE will be automatically transferred to the corresponding wallets that hold ANTE. After that, the dividends will be paid accordingly.

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December 2018:

  • TronWallet P2P Exchange Beta/Pay – According to the TronWallet roadmap, a functioning version of the exchange will be launced in December. The P2P Exchange will boost the entire Tron ecosystem.
  • EGGIES beta launch – Eggies has prospects to launch a stable playable version of the game by the end of the year. Join them in the Telegram channel for the latest updates, pics and information.

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January 2019:

  • Numex Exchange launch – 26 Tokens were voted to be listed on the Numex Exchange once it launches in January. Some of the tokens are from the Tron Network. Make sure to check if any of the tokens you hold will be listed on Numex.

  • niTRON Summit – This event will feature inspiring content from industry thought leaders and key community members. Unlock the vibrant world of the TRON ecosystem and all that is possible with blockchain through the power of TRON! Join the TRON community to fuel your mind and passion.

Top 5 Tokens On The Tron Network

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There are so many tokens, and so little TRX. If you’re a good investor, you are probably thinking and debating what tokens to buy next, before the big winter spike. Search no more! In this article we will cover the top 10 tokens on the Tron Network. These are, in our opinion, the tokens with the biggest potential to increase in value over the next few months. Investing in any of the tokens below is, however, not risk free. We urge you to do your own research and see if you come to the same conclusion as us.

SEEDS

1. SEED – The leader in all aspects on the Tron Network. SEED is Sesameseed’s token. Sesameseed is the Super Representative with the most votes. They created the Seedit Bot which serves as a medium for Tron Network token exchanges on Telegram. They also created the SeedGerminator, which is a funding accelerator for legitimate Tron DApps. SEED is the most liquid digital asset on the Network, has a clear use case and increases in value constantly and consistently due to the ecosystem created by the Sesameseed team.

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2. IGG – A gaming token. Second most liquid asset on the Tron Network. It has a highly disruptive potential in the gaming market, which by the way, is kind of big. So big, that if IGG manages to capture just a small fraction of that market through partnerships, the price of IGG could skyrocket. The team behind the token is very professional and is currently working on a platform that would reform the way competitive gaming occurs in the esports landscape.

twm3. TronWatchMarket (TWM) – A token used on a decentralized exchange on the Tron Network, funded through Seed Germinator, which will allow you to trade any Tron token safely and securely. TWM will be used similar to the BNB token. It will serve to reduce fees or eliminate them entirely for life. Liquidity and demand for this token is not yet very high, but once the exchange will open, the price for TWM will most likely increase because of its utility.

eggies4. EGG – This is a token required to play the game Eggies which was funded through the SeedGermaniator. The value of EGG is currently set at a fixed price by the game creators, while on the market its price is under the ICO price. However, the price will most likely increase once the game is released and rewards start to hit the players. Besides the EGG tokens, this game will also have SEED EGG, EGGUITY and partner food tokens which will also probably increase in value once the game is live.

pop5. Poppy –Tokens which represent equity. Poppy aims to lower the barrier to entry for retailers wishing to enter the crypto payment space by creating an application to accept TRX and other Tron tokens using existing POS systems. Poppy tokens entitle the holding account dividends to be distributed by Sesameseed as SEED tokens monthly. So each Poppy token holder will receive a part of the company’s profits.

Bitcoin Part 2: The Future Of The First World

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The Course of Empire- Painting 4, Destruction by Thomas Cole, 1836

Buying bitcoin in the first world is like buying a boat ticket in Pompeii when Vesuvius started smoking.

In Part 1, the focus was on the value Bitcoin brings to the billions of the unbanked, which are oppressed in the third world.

In the not so distant future, Bitcoin will also be a critical store of value for people in first world economies.

The first world has different economic problems compared to the third world, but the pitfalls can be just as deadly to a person’s wealth.

Bitcoin provides a way for people to sidestep these pitfalls, when Rudyard Kipling’s, Gods of the Copybook Headings return once again to humble first world economies.

The new Federal Reserve Chairman, Mr. Powell, says that is our future.

In the first 1:37 minutes of this video, he calmly states:

“We’ve been on an unsustainable fiscal path for a long time.”

Think about what that means.

The US has half the world’s capital in their markets, US$30 trillion out of the US$60 trillion in all world markets, is the sole world superpower, and is the world reserve currency.

Why is Chairman Powell so calm when he says: “yes, the road we’re on leads only to destruction”?

Because as the US goes, so follow all the first world economies.

That is the not so distant future that awaits us all.

Strategies for the future should be multi-faceted, to allow pivoting and adaptation, so the opportunities presented as the future unfolds, can be exploited to always be more wealthy than the year prior.

This is whar collecting the tax on human behavior means.

Most people in the first world are unaccustomed to the daily hard realities which third world countries are intimately familiar like weekly food inflation, bank and social services closures, and fuel shortages.

When they encounter this reality for the first time in the future, most will not become reflective on why their beliefs did not match the real world around them, adapt to reality, and win.

Instead, they will most likely strike out in anger and fear because something they believed to be theirs, is being taken away.

It is just basic human nature which will continue to fuel politicians. Politicians will tell whoever votes for them whatever they want to hear.

In the future, a combination of chaining younger generations deeper in debt through increased deficitary spending, together with keeping unsustainable peograms from the past 50+ years while raising taxes, will cause businesses and people to leave the country.

This is a story as old as Rome, and thanks to human nature being the one constant in the ecuation, it makes it a cycle that is boringly predictable in our society.

In this not so distant future, Bitcoin will be a hedge against this cycle which leads to increased inflation of reserve currency, suppressed to zero interest rates, and eventually the confiscation of assets by governments which will follow when the first two no longer work.

When we reach the end of this unsustainable path, having Bitcoin in a cold wallet, which a person can carry in their pocket is going to feel like taking the last boat out of Pompeii, all while hearing Mount Vesuvius just turned off the lights behind you.

Sad for the destruction and thankful for the escape, all at once.

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Nakamoto put a reference to this page and the bailouts in the first block of Bitcoin on 03 Jan 2009

Nakamoto’s US$6 Billion Sacrifice

Knowing how Bitcoin became a store of value, shapes why it will continue to have value to the world in the future.

At first, Bitcoin was a peer to peer digital currency.

As the years passed, and the world collectively realized what Bitcoin truly was capable of, it became much more valuable — the first new store of value seen on the earth since Egyptians were painting liquid gold onto sarcophaguses 4,000 years ago.

That is the magnitude of what bitcoin has achieved in 10 years.

Nakamoto’s sacrifice of giving up his 980,000 Bitcoin, now valued at US$6 billion, and disappearing gave the first world their best chance at a new, secure, and portable store of value.

Think about it, human nature never changes. There is more than one way for a blockchain to be centralized.

What good is an electronically decentralized blockchain as a store of value if it has centralized pressure points (person, group, company) for governments and special interests to target and exert influence?

To be clear, a business or project being centralized is completely different than a store of value.

Nakamoto intentionally left himself out of the future of Bitcoin — denying every first world government the ability to exert influence on bitcoin in the future which is coming.

His sacrifice ensured Bitcoin would be leaderless, mathematically absolute, transparent, and fair.

For the first time in human history, anyone, anywhere in the world, has the same access and ability to store value which cannot be influenced by governments, geography, nationality, society, culture, religion, or politics.

Nakamoto’s sacrifice made that possible, and without it, the world wouldn’t have the store of value it desperately needs for the not so distant future.

21 Million Gold Bars

There are now 17 million Bitcoin in existence. It will take another 122 years to mine the next 4 million coins to reach total supply at 21 million bitcoin.

Estimates differ on how many Bitcoin are permanently out of circulation including Nakamoto’s 980,000, computers crashing, and private keys being lost in the early days of mining.

There could be 3 to 4 million Bitcoin lost forever, meaning there are only 13 million in circulation currently.

Only 13 million gold bars up for grabs by 7 billion people on earth.

To put the incredible odds of owning one entire Bitcoin right now into further perspective, there are 36 million millionaires in the world.

If every millionaire in the world wanted to just buy one Bitcoin, 64% of millionaires in the world wouldn’t be able to buy one whole Bitcoin.

There just aren’t enough in existence.

Financial institutions and governments understand this scarcity model even if most millionaires apparently do not.

Since they have been unsuccessful at destroying Bitcoin, the only thing left is to control the new store of value, using Bitcoin’s scarcity for their own benefit as the world continues on this unsustainable fiscal path into the future.

For example, doubt it is coincidence the SEC set the requirement “to protect retail investors” of a minimum purchase for one share of VanEck ETF to equal 25 BTC.

Driving the price high enough prevents future private ownership of entire bitcoins.

How?

The higher the prices go, the less people will want to be solely responsible for that much money on their own.

This helps ensures future retail participation is in the form of shares of funds held through retail custody solutions which institutions are currently working on now.

Most people are creatures of habit and comfort.

They’d be scared to death of having $400,000 in Bitcoin on a cold wallet in their sock drawer.

The Deadly Love Affair with the Idea of Freedom

People like their online brokerage or retirement account interface. They like being able to email or call someone when they forget their account password.

So they will prefer to use that solution for cryptocurrency and blockchain exposure as well.

Most people will never open an actual cryptocurrency exchange account, let alone have their own cold wallet, taking responsibility for their retirement savings and investments.

They just don’t have the stomach for that kind of freedom.

Just like most didn’t volunteer and go fight in Afghanistan, but love shooting fireworks and barbecuing on the 4th of July while they celebrate freedom.

Its the same thing.

Why?

Because for most people, loving the idea of freedom and the actual steps it takes to make freedom happen are interchangeable.

When in reality, nothing is further from the truth.

The idea of freedom is comfortable for everyone while the steps to real freedom are difficult and taken only by a few.

Mainstream blockchain and cryptocurrency adoption will be no different in the future.

Everyone will love the idea of the freedom it offers, but most will want it only if they can still have the comfort of a 1–800 number to call when they forget their password, and will definitely never want to handle their own private keys — that much freedom will just outright terrify them.

Most will wrongly think owning shares of a bitcoin ETF through their brokerage account will be the same as buying actual cryptocurrencies and blockchain projects themselves and keeping their investment on a cold wallet.

But it won’t be the same, and those who have physical ownership of their Bitcoin, will be owning an asset rarer than millionaires on the planet, cobtributing to the scarcity of the asset by having direct ownership of it.

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From the outstanding infographic showing how the evil Cyprus bail-in worked — source

Remember the Golden Rule — “He who has the gold, makes the rules.”

Institutions were bailed out by governments in the last financial crisis of 2008.

Governments could do this because they could create additional fiat currency.

Bitcoin is different. No more can be created. Ever.

History doesn’t repeat, but it rhymes.

Cyprus was the first time a bail-in was done in a western democracy and the world did not flinch.

Most, probably can’t even remember the year it started. That is how successful it was.

This infographic does an excellent job showing how the confiscation from people’s savings to backstop their bad policy worked.

The scope of what the institutions accomplished with the confiscation, while ensuring the elite and Oligarchs were able to withdraw billions first, is terrifying, and should serve as a warning for any assets kept through an institution into the future.

When an institution has custody of Bitcoin, then they control it, can withhold access, and even confiscate it like the Cyprus example.

This is where people mistaking the idea of freedom for actual freedom can be deadly.

As the not so distant future unfolds, the world will see what happens as first world economies unwind the experiment their central banks conducted for the last decade of artificially low interest rates and exploding sovereign deficits.

At the very least, Bitcoin offers a hedge in the event the unwinding of this global experiment does not go smoothly.

But only if a person controls their Bitcoin directly and does not use a future institutional custody solution.

A store of value is only something which a person controls, and the only thing a person controls is what they physically own.

If it is not in a cold wallet, which is in a person’s possession, they don’t own Bitcoin — the bank and the government does when they decide they need it in the future.

No cold wallet, no boat ticket out of Pompeii.

Perhaps the first world can avoid the fate of previous civilizations which marched along this treacherous fiscal path.

But just in case the first world cannot avoid the fate of previous civilizations, what is the harm with using the newest store of value since King Tut was sealed away in the Valley of Kings, happens to be rarer than millionaires on the planet, and isn’t controlled by financial institutions and governments yet as a hedge against this potential danger?

While I sip a doppio espresso in the piazza, looking up at Vesuvius smoking and wonder if there is any danger at all, and if so is it near or far, it’s nice to at least have a boat ticket in my pocket.

None of this is financial advice. Just sharing what has shaped the decisions I’ve made with my own money.

Bitcoin Part 3 is next. See you there. — Radigan

 

Tron’s Revolution – Heading To Web 3.0

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The Tron Foundation stated recently: We are currently in an era of the Web 2.0 where many institutions are reaping benefits of the centralized internet.” Tron is a crusader of change and is currently laying the foundations for Web 3.0

The change in the transitioning from Web 2.0 to 3.0 is not going to be obvious. The applications will look similar. However, the real change will be seen on the back-end of the DApps.

The evolution of the internet from the web 1.0 to 3.0 according to tech experts testifies the movement of blockchain into another era. From the web 1.0 which was text-based and static to the web 2.0 that steered in an era of dynamic websites, social media, e-commerce, the 3.0 takes a giant leap by letting the blockchain play a crucial role in the future. This will involve decentralization of the internet using the blockchain technology. The use of the release of the first blockchain 3.0 Internet though retains the technology and user-friendly nature of the previous versions, bridges the limitations of them with its faster, more intuitive, and more data-driven internet.

The recent adoption of Tron is because it has perceived the prospect of the internet in web 3.0. After the acquisition of BitTorrent, Tron is in the revolution mood. The partnership between BitTorrent with Tron got dubbed as ‘Project Atlas’. The Tron Founder, Justin Sun is very excited about this revolution. In one of his tweets, Justin Sun has clearly stated that Project Atlas will include content distribution.

Web 3:0, will enable all blockchain platforms, including Tron, to operate freely on a decentralized Internet. Great things are yet to come in the next few years!

 

TRX Price Analysis

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The cryptocurrency market has been undergoing an attack. Several of the major cryptocurrencies like Tron [TRX], Bitcoin [BTC] and Ethereum [ETH] are all buckling under the bear market’s weight.

Currently, TRX is sliding at a rate of 0.39% with a total market cap of $1.447 billion. TRX is trading for $0.022 with a 24 hour market volume of $56.8 million.

The majority of the trade volume is held by Rfinex, which has a grasp on 7.8 million of the total trade volume. Rfinex is closely followed by OKEx which conducted TRX transactions worth $6.85 million on the platform.

chartanalysis

The Tron [TRX] Foundation also recently released news of a new suite for developers to use on the Tron blockchain. This comes after news of the launch of the Tron Virtual Machine [TVM], a Turing-complete Virtual Machine for the development of dApps on the Tron blockchain.

Tron has been fighting to stay among the top cryptocurrencies. The previous spikes caused Tron to jump from the 13th position to the 11th position on Coinmarketcap. TRX also has a ‘hi-bye’ relationship with the top 10 cryptocurrencies, sporadically climbing to the 10’th spot, just to go back down to the 11’th or 13’th position in the next few days. Cryptocurrency enthusiasts are also speculating that Tron may overtake Monero, it’s closest competitor in terms of market cap, soon.

Trx Now Accepted As Payment By Pornhub,Brazzers And Other Adult Entertainment Website

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Pornhub, one of the leaders in the adult entertainment market, had announced that they will start accepting TRX as a payment for the subscription to their paid channel, Pornhub Premium.

Pornhub Aria, the official Twitter handler of Pornhub had stated:

“We’re excited to announce that were now accepting @zencashofficial and @Tronfoundation as crypto currency payment for Pornhub Premium!!”

They confirmed the deal further by creating an advertisement video on their portal that featured Tron saying:

“Pornhub and TRON (TRX): The Future Has Come…Again. @tronfoundation accepted soon on Premium”

The partnership beween  the two parties has been anticipated by the Tron community as the company had teased it for quite some time. The tie up had clearly stoked the curiosity of several TRONics, with NiteShowdow, a Twitter user saying:

“TRX is a token designed to recreate the internet in 10+ years, if ever — not a currency – either way, grats to you 2! Nothing wrong w/ sloppy seconds 😉 Let’s also keep in mind that this is PH, not Mindgeek”

After the Pornhub announcement, Tron went one step further by announcing that TRX will be accepted as a form of payment by other adult websites such as Brazzers, Traffic Junky and Nutakugames. The sheer enthusiasm shown by the Tron community even forced Justin Sun to ask:

“Where would you want to see Tron next?”

Brazzers is a pornographic generation company headquartered in Montreal, Canada. The company’s slogan is “The World’s Best HD Porn Site!” and has a monthly traffic of 37.83 million. TrafficJunky Inc. is a web advertising and digital marketing company founded in 2008 and headquartered in Montreal, Canada.  Nutaku is an adult gaming platform with primarily hentai games. Having headquarters in Montreal, Quebec, and Canada, Nutaku offers games with mature content.

 

 

Tron Praises Binance Charity Initiative; Tronics Still Enthused After Ethereum (ETH) Daily Transaction Take over

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Tron’s Justin Sun was present at the recently concluded World Investment Forum where the CEO of Binance, Changpeng Zhao spoke about the Binance Charity Foundation and Tron’s contribution of $3 million to the cause.

The Tron Foundation has been on a roll with a slew of development announcements and updates. The latest involvement with Binance’s charity initiative is seen as Sun’s instrumental move to increase Tron’s mainstream adoption rate.

CZ, as Zhao is more popularly known, was candid enough to admit during the conference that Tron’s support has been influential and that the use of blockchain technology can solve a lot of issues pertaining to financial transactions. CZ had stated:

“The world of blockchain technology has a lot of use cases and has to be remembered by everyone. Personally, I believe that with better transparency we can have 100 times better results. Moving money to deal with social problems is also another way to increase adoption. The sheer number of people who have donated to the BCF is also amazing, and I would like to thank Justin Sun who donated $3 million to this cause.”

Tron, which is currently ranked 11th on CoinMarketCap, has made investors and the TRONics community happy by revealing that it had surpassed Ethereum [ETH] by four times in terms of daily transaction rate. On 23rd October, reports showed that the total number of accounts had reached 500,000 while the number of transactions per day had peaked to a whopping 630,018.

The Ethereum takeover has created a profound impact in the cryptosphere because of Justin Sun’s previous remarks of Tron taking over Ethereum in terms of transaction speed as well as adoption rate. He had previously stated that the cryptocurrency community should prefer TRX over ETH because of its vastly superior transaction speed and applications built on the blockchain.

TRX Listed On BitBay And Other Cryptocurrency Exchanges

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TRX’s march to become the strongest cryptocurrency on the market seems to be going well. TRX was recently listed on BitBay, a popular cryptocurrency exchange which has coins like Bitcoin [BTC], Litecoin [LC] and Ethereum [ETH] on its platform.

TRX’s listing brings mutual benefits for both parties. BitBay profits from the customer demand of TRX while Tron increases its digital asset’s liquidity. BitBay is a Poland based cryptocurrency exchange and is hugely popular in Europe, ranked on the third place in terms of volume. The cryptocurrency exchange also has over a million users worldwide with a lion’s share of 70% of the total cryptocurrency market in Poland.

Justin Sun, the Founder and CEO of Tron tweeted:

“Tron will be listed on @BitBay, Tronics can deposit, withdraw and trade with TRX/BTC, TRX/EUR, TRX/USD.”

BitBay is not the only exchange that wants a bit of the Tron pie. The world’s largest cryptocurrency exchange by volume, Binance, is also announcing its listing of the TRX/BNB trading pair on its platform. Binance Coin [BNB] was launched to create trading incentives and further monetize the exchange’s services. BNB allows the traders to get a considerable  discount on trading fees when using BNB.

Another cryptocurrecy exchange that jumped on the Tron bandwagon was Satowallet, which already has over 60 cryptocurrrencies in its fold. SatoWallet’s claim to fame lies in the fact they aim to provide offline transactions for all users, old and new.