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Low prices don’t stop Tron (TRX) growth

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Tron is one of the most ambitious blockchain projects in the world. It wants to use blockchain technology to fully decentralize the web. The idea is that, if the web can be snatched out of the hands of the big corporations, then content creators will be able to have more control over their work, monetize it directly from users or audiences, and the chances for censorship will all but disappear.

This third generation blockchain’s founder is Justin Sun, who already has proven his worth as a tech tycoon by founding the most important messaging app in China. He studied under Alibaba’s founder Jack Ma and became its protegé. They remain very close friends by all accounts.

It started breathing as a blockchain running on Ethereum’s network, and with a token (Tronix) which was also based on Ethereum ETH-20 technology. Then, Mr. Sun decided that Tron should become independent. So the Tron community and the Tron foundation created a new Main Net for Tron, and, a few months ago, it went its own way, leaving behind Ethereum for good.

Things have been hunky dory for Tron since then. The Main Net was every bit as good as promised (despite the skepticism created by the announced specifications in other crypto communities). Every milestone in the project (a virtual machine, a developing kit, a smart contracts platform) has been delivered on time, and it’s surpassed expectations in terms of performance.

Even more remarkable is that all these successes have been achieved in a year in which the cryptocurrency market has been terribly bearish. Prices have been low all year and they keep falling down.

TRX remains very cheap, and it hasn’t found a way to finally take off. One of the main reasons for this is that it’s paired to Bitcoin in most exchanges in the world (which means you can’t buy it directly, using fiat currency). And because Bitcoin has been feeling the bear’s hug very distinctly, it has kept TRX shackled.

But just how relevant has been the adverse market for Tron’s growth? It seems it has had no influence at all. Just yesterday, a Tron enthusiast tweeted a list detailing Tron’s current status:

  • 1,973 nodes
  • 747 Smart Contracts
  • 32,742, 293 Smart Contract Triggers
  • 674,990 Total Accounts
  • 1,842,438 Txs record

Those stats are quite impressive if you take into account that every single one of those numbers was equal to zero something like a year ago. Tron is moving forward and growing very quickly, even in a bear market.

And this doesn’t even include the millions of new Tron users that will join the blockchain (even if unaware) through the BitTorrent decentralized network which is now Tron’s and will run over the Main Net soon. Tron plans to give TRX tokens away to BitTorrent’s seeders so that they keep sharing their content for longer times, thus boosting the P2P network’s power.

We started this article saying how ambitious is Tron. It remains to be seen if such high objectives are even possible. But for the time being, is growing very quickly and delivering on every milestone.

Image courtesy of Pixabay.

How does the Tron (TRX) future look practically now?

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Right from its beginning, the collective goal of the Sun-led foundation was to run a true decentralized platform that will ensure secure content sharing in a decentralized way. As the project got matured, it introduced DApps to manage the despotism for its community to uproot the disruption of the third parties like Google, Facebook and Apple that control and boast power to devourer and take financial share without any exertion.

Hereby, decentralized apps (DApps) allow a peer-to-peer connection among users to transact without any hesitation. Additionally, in attempt to complement its platform, it introduced TRX (its native token) with the total supply of 99 billion, circulating among various small and large projects.

As of today, Tron stands at 11th position by the market cap, trading at $0.0135 and is down by 5.37% in the last 24 hours. For many crypto enthusiasts, it will be intriguing to figure out how the things would go concerning coin as 2018 ends now.

It is worth noting that Tron (TRX) is one of the fast-growing projects due to its admirable efforts and strides, and it seems it would be in zenith soon. Hence, the experts have predicted that TRX price will surge to at least $0.5 by the end of 2021.

On the other hand, some investors and traders are anticipating that TRX will rise to an estimated price through the short-term period as of Dec 2018. While taking the recent performance of Tron into account, some analysts have concluded that it will be placed at an average price of $0.03, which points to 109% change.

Subsequently, mark $0.05 can be expected as the peak for Dec 2018. It is not sure that whether it will come to life because the rise and fall of virtual assets rely on multiple facts that affect the industry as a whole.

Despite the fact that bears are hugging entire market, Tron continued its progressive activities and launched an accelerator program last week, granting 1 million USD to the developers to build their dream DApp. The amount will only be used for innovations in the blockchain to make it more attractive.

What TRX value can we expect after 2018?

It is a fact that predicting the accurate prices of cryptocurrencies is impossible, but experts spare no effort to portend. Analysts produce deviations by taking the current behavior of the market into account, and also examine the historical data along with polynomial regressions.

In this case, Tron (TRX)‘s projected rate is $0.03.5 for Jan 2019 and also can rise between $0.4, a topmost figure that can come to happen in q1 of the upcoming year. The digital asset might grow steadily beyond the year 2019.

The flutter between the $0.03 and $0.04 would come to the table from May to August. With that passage of time, the digital currency led by the visionary leader, Justin Sun, can record a change nearer to 199.46%

Subsequently, beyond the last quarter of 2019, the projected price of TRX seems to be hovering between $0.05 and $0.07.

Reasons why Tron (TRX) has been holding the grounds

Tron is barely a year old, but the blockchain firm has achieved an accountable success already. Why? We hear you ask. First, it has an excellent team. Second, the project has boarded vital partners regularly. Third, it never stops, keeps sealing deals and all.

Image courtesy of Pixabay

Tron Sets-up Official Website for its $1 Million Accelerator Project

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Tron is one of the most decentralized blockchain platforms today and taking a look back at its initial vision; it was created to change the entertainment industry. Despite hitting extreme lows this year, the cryptocurrency remains positive and has kept its supporters with it rather nicely despite the market is bearish.

And now, the blockchain project run by visionary leader Justin Sun is going to invest a million dollars for its Accelerator program for Dapps.

Tron Accelerator is set to be launched shortly. In the bid to foster the development of the program, the blockchain firm has created an official website (tronaccelerator.io) of the project.

It is important to know that Tron Accelerator is a program that will change Tron’s ecosystem, because it will give developers the right opportunity to create Dapps and get incentives; in return, Tron acquires the best minds to help in the development of its ecosystem.

Tron Accelerator, a Big Rival to Ethereum’s Project

Tron moved from Ethereum’s ecosystem to create its very own ecosystem. Just like Ethereum, it helps in the production of decentralized applications in the blockchain world.

With that in mind, Tron decided to explore the opportunities in Dapps where the games alongside Smart-contract applications can be created which is why Tron Accelerator project got announced to foster the development of decentralized applications.

Tron is poised to make sure their ecosystem is more efficient that Ethereum’s and in that view, Tron Accelerator will help to improve the prominence of it in the blockchain world.

About Tron Accelerator

As the words on the website can be read,

“TRON Accelerator is a $1 million USD program that aims to assist developers and foster innovation within the blockchain industry. Developer teams are invited to submit their decentralized application project, build on the TRON protocol, and compete for one of the most ambitious Blockchain hackathons ever hosted.”

According to Tron, there are one million USD total awards and 56 winning projects. The blockchain firm also stated that Grand Prizes winner would have the chance of free travel and accommodation during niTROn Summit in San Francisco, as well as future Tron investments. The first reward is about $200,000, second prize is $100,000, and the third stands a $50,000.

There will be a special total prize of 240,000 USD for eight winners in 8 different categories. The eight winners will be selected based on the excellence in application tool, blockchain game, decentralized exchange, innovation, user experience, UI design, Onchain Activity DApp, and most influential Dapp.

Interestingly, there are going to be ten judges including Tron’s CEO, Justin Sun. The panel of judges also includes Cong Li, Tron U.S Head of Tron Protocol, and Vincent Niu, DappReview CEO.

The blockchain has stated the rules and regulations concerning the Tron Accelerator program:

  1. Developers can participate and apply in a team or individually, and that there’s no limit on the number of team members per team.
  2. Every team member must entirely agree to the terms and conditions of the contest.
  3. All development(s) must be based on the Tron protocol. More information about Tron’s protocol can be found on their documentation platform and Github.
  4. All proposals are to be submitted on or before the due date that is January 4th, 2019, Midnight (PST).
  5. Proposals must either be in English or Chinese language.
  6. Participants must be legally responsible for their proposals/projects.
  7. The awards are based on each project.

Image courtesy of Pixabay

Wish you could make free income from crypto? Tron (TRX) can help

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Making a passive income through a blockchain network is the ‘holy grail’ to making money and can be something that’s not really attainable. With that in mind, there is good news for the Tron (TRX) community, and that is: they can make money on Tron’s network for free without paying even a buck or dealing with hidden charges.

Tron is a massive project that’s poised to make sure we have a decentralized internet. Since its protocol is one of the largest in the blockchain world, it has a good number of mini-projects for its community from which they can take advantage. Are you thinking of how to earn a passive income on Tron’s network for free? Alright, we hear you asked. Here are some potential ways in which you can make money with Tron without spending a penny.

Tronbet

Tronbet is a gaming platform where users can stake using TRXs. It is vital to know that Tronbet is a decentralized gaming platform which is transparent and fair. Also, Tronbet is the first e-gaming platform on Tron’s network. The more you bet as a user, the more ANTE tokens that are received.

Subsequently, Tron’s ANTE token, according to Tronbet whitepaper, helps to reallocate wealth to Tron community and to those who participate on the gaming platform.

Also, about 100 percent of all ANTE tokens received from the platform are re-distributed to all individuals who own ANTE. Although, gaming on Tronbet may impose risk as it involves betting; still, it is a potential way to earn money on Tron network.

IGG (Intergalactic Gaming)

The era of esport has come to stay, and Tron is making sure the revolution is right. The IGG (Intergalactic Gaming) makes use of smart contracts and blockchain technology to revolutionize the way people interact in the realm of esports.

IGG tokens (the TRC-20 ones that are based on Tron network) are poised to play a crucial role in the Tron ecosystem as it has accountable use cases for teams, gamers, brands, and of course, the wider public.

If you read the whitepaper of the project, it states that IGG is a community for games and even from there, you can become a member of Tron network. One the most critical benefit of registering in the platform is that you will get rewards (5000 Intergalactic gold) after performing certain activities.

Voting and SEEDING

The best ways to earn money on Tron’s network is through voting and seeding. It is worth noting that the Super Representatives you’ve voted for will offer you rewards after you freeze a certain amount of TRX on Tron network (freezing TRXs is necessary for voting on the network).

On the other side, holding SEEDs gives you rewards and more significant votes. For instance, if you are being given three votes per SEED and you hold it – it automatically implies that for every SEED you hold votes for sesameseed at 3 TRX (you get 3 TRXs).

Even though the potential of earning is 3 TRX but that keeps fluctuating, and you may even get up to 6 TRX soon. Also, when SEEDING, users would start getting about 80 percent of the total revenue that SEEDGerminator project generates.

Consequently, more and more projects are coming up on the Tron network and it is probable that they will offer rewards for being an active player on the project or just by holding the tokens to earn more.

Image courtesy of Pixabay.

Tron (TRX) partners with Huobi Wallet; bounty program announced

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Tron [TRX] has been in the news multiple times lately with the announcement of several developmental updates and partnerships. The excitement on the network comes in the wake of an intense bear market which has seen many cryptocurrencies fall to yearly low prices.

Recently, Justin Sun, the Founder and Chief Executive Officer [CEO] of the Tron Foundation, gave Tronics another reason to celebrate when it was announced that Huobi Wallet will now officially support the TRX token.

Users and holders of the cryptocurrency were also told that a bug bounty program would follow the partnership. The news has certainly reached a lot of ears, which was evidenced when Changelly, another cryptocurrency exchange stated on Twitter:

“Congrats to @HuobiWallet and @Tronfoundation! We are proud to work with you both through these uncertain times together”

Huobi was also in the news recently when it was announced that the digital asset provider was going to expand into Indonesia. Li Huo, the Vice President of Huobi Global, had said:

“Huobi Cloud’s entry to the Indonesian market will be able to help drive change in the traditional financial marketplace by providing a channel for small to mid-size enterprises to integrate into the broader financial marketplace. New legislation will come into play that brings cryptocurrencies and the blockchain into the regulatory field.”

The Huobi Wallet also announced that users can now store TRX on it to share up to 400,000 TRX bonus. The cryptocurrency exchange has also said that the snapshot will be taken on November 25th and the bonus will be based on the size of the user’s TRX asset.

Alongside the rest of the crypto market, Tron has also been in a ‘tight’ bear hug lately, but that hasn’t stopped Sun and his team to keep striving forward. The developments of the blockchain project are a hint that it is a genuinely serious crypto project that means business. You should not worry about current TRX price and instead focus on its long-term potential and real-life usability, the price will follow sooner or later eventually.

Image courtesy of Pixabay.

Tron (TRX) makes surges in the market despite bear attack; developments galore

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Tron [TRX]’s week has been something of a roller coaster with several updates and developments coming in the wake of a bear market. The current market atmosphere which has destroyed a lot of prices supports held by cryptocurrencies still has not stopped the Justin Sun-led company’s rampage to push Tron into the realm of mainstream adoption.

A recent report released by the Tron Foundation shows that the company has improved the design documentation of transaction priority with the added advantage of the availability of a light node plan. The Tron Foundation has also informed users that the optimization of the data refresh and the development of anonymous transaction on digital wallets are still in progress.

The organization has also gone ahead and stated that:

“It was a great honor for TRON to attend the Web Summit and speak on “How Blockchain Technology Changes Consumer Experience” and “How to Present and Distribute Content in the Next Era of Digital Content World”, bother were warmly received by the audience.”

Tron has also revamped the API reference page of Developers’ Documentation and added transaction signing guide. The report released by the Foundation says that over 12,000 people have visited the page in the past week.

Tron had also made news recently when it was revealed that Tron and EOS contributed 82% of all cryptocurrency transactions. In lights of the report, Tron boasts almost 78.543 million transaction which is the highest number of on-chain transactions that the cryptocurrency’s blockchain had witnessed.

Tron also has 21,211 active addresses on the blockchain, a number far greater than most of the members of the top ten cryptocurrency club. So, evethough, TRX is bleeding red alongside the whole market, Tron is still surging regarding developments. As in case of any other cryptocurrency, you should consider the developments in its ecosystem more important than the short term prices. The price would follow eventually.

Image courtesy of Free-Photos/Pixabay

Tron (TRX) community elects Intergalactic Gaming as SR in no time

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Tron is one of the most active projects in the cryptosphere which pays-off its community well and always lives up to its society. Projects handled by Tron are running efficiently and being appreciated in the market. Due to its high availability as well as scalability, TRX has become well-liked crypto over the last couple of months.

To make these successes happen, Justin sun, CEO of Tron foundation, has been working continuously and tirelessly to make the project stand out from the rest. The CEO also keeps updating crypto enthusiasts about how the Tron is performing and what that network has attained so far.

In an attempt to be more decentralized, elections for Tron Super Representatives got into the act. The Tron community has elected 27 Super Representatives. And today, Intergalactic Gaming, a project based on Tron blockchain got selected as the newSuper Representative on Tron platform in just 4 hours after the project announced its candidacy. Now, the new SR is ready to host the nodes for verifying the blocks.

Subsequently, each SR will get a reward of 32 TRX tokens per block generated by public blockchain. As the rate of creation is 1 second per transaction, 86,400 transactions could take place in a day that means each one will get 2,764,800 TRX a day which equals to about $44k if we take the current price of TRX in the account.

Initially, IG will distribute the 100% of their rewards among voters. Then the elected SR would reduce reward percentage to invest in their governance and product development. Of course, their intent is genuine and very well justified.

The company stepped ahead and expressed its views on claiming the coveted SR spot,

“Our web-based platform will utilize blockchain technology and smart contracts to change the way we interact with each other in the esports realm. IGG tokens (TRC-20) will play a pivotal role in our ecosystem and will have significant use cases for gamers, teams, brands and the wider public.”

Subsequently, the consolidation between Tron and IGG might be unpleasant for eSports industry giant that boasts millions in revenue, as this integration can disrupt the eSport to some extent.

Not too long ago, in an attempt to make the game developers utilize its blockchain technology, Tron announced a grant of $1 billion via its dApp accelerator project to onboard the developers onto its network. It is also worth noting that a rise in transactions and account creations emerged because of dice-based games (simple ones) that got created on the Tron blockchain.

TRX current market overview

The whole crypto market is in bloodbath currently, and TRX is no exception either. Tron’s native token trades at $0.146 as we write this article and has a market cap of $961,130,478. Sun-led cryptocurrency is down by 9.87% in the last 24 hours.

Image courtesy of Free-Photos/Pixabay

Why you should follow Tron (TRX)-based Intergalactic Gaming this week

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Tron is among a few blockchain projects that aim to take internet games to the next level, whereas, online gaming has been growing immensely for years. When you use games like FIFA or Minecraft to play online, you’re not playing against your own computer or console anymore, but against many other aficionados.

And in most of these platforms reward players with tokens, exotic items and many other things depending on how well they play the game or how much time they spend playing it. The gaming industry has created a gaming economy, in every sense of the word. You can sell or buy the most expensive items in places like eBay. Yet, nobody has tried to bring this whole new economy together into a single platform (and make no mistake, this is a real economy).

That’s when Intergalactic Gaming comes in. It’s a blockchain platform that runs over Tron‘s Main Net that aims to digitalize and tokenize the aforementioned competitive gaming economy. The project includes a token called Intergalactic Gold (IGG) which is also based on Tron’s token technology (TR-20). The point of the token is for gamers to exchange value and increase interactions (for instance, not to use eBay or other third-parties to trade in valuable items).

IGG’s initial ICO happened on Tronscan last August 3rd. The basic ideas you need to understand is that the total supply will be of 50 billion which is a number designed to guarantee scarcity (thus, value) and liquidity at the same time.

This tension between the two things will be what will make the token’s value, according to the laws of supply and demand. That basic economics, combined with real-world use cases will promote the token’s adoption and make it worth ‘hodling.’

That is not as weird as it sounds if you take into account that more than 2.2 billion people play online games all over the world. Even sports tv companies such as ESPN are starting to cover e-sporting events.

Among those who could find the IGG token useful are: professional gamers, brands, teams, gamers, and the gaming industry which is always trying to find new ways to make new and old gamers interested in current and new games.

The initial offering was of 10 billion, not including community rewards and airdrops. The rest of the currency will be frozen for three months at least.

Tron and Intergalactic are a match made in heaven because they both share the great ambition to bring blockchain technology into the “ordinary” uses most people give to the internet (through either web or game decentralization, respectively), young leadership and a young vision.

https://twitter.com/Official_IGG/status/1064128139285184513

The current week will be transcendental for Intergalactic, the company, and IGG, the token.

First of all, Intergalactic will be launching its candidacy to become a Tron Super Representative, which it could achieve if it can gather enough votes from its gaming users. If it should win a spot, their voice and vote would become very relevant within the Tron community.

Second, a move to Manchester has been on the works for some time now. Next week the new Intergalactic’s Manchester office will open for business.

Third, the next airdrop will happen between November 23th and 25th.

There’s still some skepticism about the IGG token. Some observers consider it to be too specialized and are distrustful of real use cases. These observers clearly don’t play online games at all. But in the worst case scenario, you can always exchange your IGG coins for TRX. It’s too early to asses if IGG will be a success. But it’s also too early to think it will fail for sure.

Image courtesy of Kanenori/PixaBay

Tron begins to decouple from Bitcoin as DEX records massive success

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Tron has reached significant milestones this year, and it is safe to say that it is one of the best performing cryptocurrencies in the space today. In the bid to produce a decentralized platform for its community and investors, Tron released its decentralized exchange that takes care and is in charge of TRX tokens.

It is important to note that Tron’s new decentralized exchange (DEX) can now be seen on Tronscan.org and it connects the TRX wallets of every Tron user. Without no doubts, Tron’s new decentralized network has been making waves ever since it got created by Tron (and it’s not even a week old).

The CEO of Tron, Justin Sun announced that the activities on the new exchange have reached 184.5 million in 24 hours and have doubled every day for five days now. Sun tweeted,

The Tron community tend to have a close watch on the recent developments of Tron always, and they haven’t failed to laud the recent stride that has been achieved by the blockchain firm.

Innitially, it was the immediate heads-up by a Tron community member, Matthew Fetzer, that made the news go wide. He said this on his official Twitter page:

Via further research on Tronscan, we found that 11 trading pairs have been listed against TRX with a high number of TRX volume. dice/TRX:254766; ton/TRX:13,064,206; IGG/TRX:108,040,298;WIN/TRX: 41,362,464; CryptoDivaFund/TRX: 12,354,407; TWX/TRX: 3,927,236; TRONEuropeRewardCoin/TRX: 3,123,122; TronWatchMarket/TRX: 1,134,375; SEED/TRX: 1,353,140; CryptoChain/TRX: 10,755; CryptoGuyinZA/TRX: 6,292. The total TRX volume is 184,631,061 to be specific.

TRX is Decoupling from Bitcoin

Tron’s recent stride has become prominent not just among its community but among all the crypto-enthusiasts. As a result of the recent decentralized exchange, Tron is becoming a cryptocurrency that will not be affected by Bitcoin (Ripple’s XRP is becoming the same too).

Although the Tron’s detachment from Bitcoin will not happen overnight and that is because it has been widely, and as like any other coin, TRX is pledged against BTC on most of the exchanges.

Even though Tron’s exchange (DEX) is becoming more and more popular still lots of Tron users and investors are trading via major crypto exchanges such as Binance. This implies that if such investors get their investment or funds from Binance then, the Tron’s platform will surely thrive.

Nevertheless, Tron also has another decentralized exchange known as Tron Watch Market, and it aims to be the best of its kind in the market. Subsequently, the demo version of Tron Watch Market has been unveiled. Tron made it known that when the exchange gets-up at full, the trade of Tron tokens will be available in a secured manner.

TRX Price Overview

At the time of writing, as is the case with all major cryptos (excluding XRP), TRX is in the red, valued at $0.0187, and down by 1.95% in the last 24 hours. The price of TRX has been greatly affected and dropped by almost 15% after the occurrence of the Bitcoin fork that took place a few days ago. The cryptocurrency sits at $1,232,706,283 market cap.

Image courtesy of NeuPaddy/Pixabay

Fidelity’s Entry Into The Cryptocurrency Space Is a Good Thing, Says Bitcoin [BTC] Bull

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In a recent interview, Michael Novogratz, the Chief Executive Officer and Founder of Galaxy Digital, spoke about institutional investors and how the entry of Fidelity into the cryptocurrency space will change the game. The Galaxy Digital official’s comments comes in the wake of Fidelity starting its cryptocurrency custody solution.

Speaking to Bloomberg, Novogratz stated that Fidelity is filling in a much-required space in the cryptoverse, a market which has still not managed to lure in institutional investors. He said that the launch of custody solutions will get more people involved in cryptocurrencies and Fidelity basically has a “check mark on their list of goals”. The CEO went on to say:

“The entry of Fidelity gives a lot of confidence to new investors during a time when the space requires proper involvement.”

Novogratz also added that cryptocurrencies such as Bitcoin [BTC] are bare instruments, saying “they are gone if anyone takes it and there is nothing anyone can do about it”. He focused on this point by citing the example of JP Morgan and the confidence it instills in investors. The crypto bull further stated that the launch of Fidelity custody services is a good start to make existing as well as potential customers more comfortable. He said:

“Custody services are important because it opens up a gateway for more players to enter the market. With the launch of Bakkt and the entry of Goldman Sachs and BitGO, the cryptocurrency space will only be more enriched and accessible to the masses.”

Novogratz also claimed that consultants can now say that cryptocurrencies are a safe asset class backed by popular organizations. Fidelity had created ripples in the market when they had announced their venture into the cryptosphere. Tom Jessup, Head of Fidelity Digital Assets had stated:

“In our conversations with institutions, they tell us that in order to engage with digital assets in a meaningful way, they need a trusted platform provider to enter this space. These institutions require a sophisticated level of service and security, equal to the experience they’re used to when trading stocks or bonds.”