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Tron Europe Continues Global Push as Rewards System Put Under the Spotlight Again

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The cryptocurrency ecosystem has witnessed constant developments, and the most dedicated players in the field are doing everything in their power to make it big. Obstacles like massive sell-offs and coronavirus spread have not stopped multiple updates in the cryptoverse, a sign that things are changing for the better.

 One of the most prominent organizations in the digital asset world is Tron Europe, which has been making waves since its inception. By creating reward methods that benefit users and by partnering with other growing enterprises in the Tron ecosystem, the company has been growing at a fast pace.

Tron Europe’s main focus has always been on building a self-sufficient cryptocurrency ecosystem that can usher in the fabled ‘Web 4.0’.The organization also held a competition at the beginning of this year, in which participants were asked to describe the Tron Europe, reward model. Tron Europe is also a super-representative of Tron, giving it even more power to support the growth of a growing industry.

The company’s focus on its customers has been a celebrated fact and if you ask Tron Europe, it is a characteristic that they would love to maintain. As a SuperRepresentative, Tron Europe pays its own TERC token instead of TRX for its voters. For the time being, the total calculated value for TERC is 30 percent of that of the original token., To make it more interesting for the holders, Tron Europe also pays Holder Rewards that can go up to a whopping 250 percent. 

According to the company officials, the reward system was created so that more people could contribute meaningfully to the Tron sector, Tron Europe has embraced this idea by building its own Token economy and creating native dapps. Speaking to TWJ, Tron Europe admitted that a good cryptocurrency product needs to have proper use cases and not just be useful for trading. `

Users need not fret about getting their profits as Tron Europe has assured everyone that all payouts will be paid out in TERC. This holistic approach would act as the mainstay for the ecosystem, thereby creating a strong tie between the organization as well as the token holders. By creating a step by step process for its token holders, Tron Europe successfully functions as a Super Representative by putting the onus on creating value for its native products. This has been the main attraction for the new customers entering the field. 

Officials from Tron Europe have confirmed that there are several projects in the pipeline which are expected to change the cryptocurrency game. Applications like BeFaster, TESD, GoT: The Revolt, Aftermath Islands and DVM are all expected to make waves in an industry requiring a legitimate foundation for growth. 

Tron Europe also elaborated on its latest implementation: the TERCium-Force. Under this, all the million-plus TERC holders will become eligible to join the bonus yearly reward and the special VIP room.  The organization had recently tweeted:

“Everybody wants to get the highest rewards for his votes. So tell me are you getting the highest rewards possible? Vote Tron-Europe! Because Tron-Europe has the highest voter rewards and gives TERC-holder rewards on top. It’s a fact.”

Tron Europe informed all its users that future developments would bring in more rewards to the ecosystem that will in turn result in more growth. It is now up to us and the community as a whole to see what comes next and then uses it to contribute significantly to the cryptoverse.

Crypto Alliance, Take Care of Crypto and the Legendary Noles cause Tron Weekly competition results to go down to the wire

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The cryptocurrency market has been rife with several developments and projects, many of which do not make it in the industry. The ones that do, however, make a significant impact in the space and the latest creations by some organizations are clearing turning heads.

During the recent month-long competitions held by Tron Weekly Journal, the company had enthusiastic participation from three popular teams: Nole Legends, Crypto Alliance, and Take Care of Crypto. The amount of vigour and passion that they showed for the crypto industry was evidenced in the individual projects that they submitted.

The submissions were evaluated by esteemed members on the Tron Weekly roster, namely Rutger Kringer, a board member of the DigiByte Foundation Dirk Frank, the Chief Executive Officer [CEO] of Tron Europe. The collective scores from both the DigiByte team and the Tron Europe team were taken into adjudging the winner of the competition.

After much deliberation, the judges have decided that the winner was Crypto Alliance, with a final score of 11.6 points. Congratulations! The second place was taken by Take Care of Crypto while Legendary Noles completed the podium with 9.2 points.

The judges had also given their individual remarks on the project, pointing out the pros and cons of the creations. The feedback was made crystal clear so that the projects can benefit from them and in turn push the cryptocurrency industry forward.

Crypto Alliance:

The DigiByte team revealed that the Alliance group had evolved tremendously over the course of time. The company’s idea for a Telegram bot to pass on questions to real administrators worldwide was regarded as “awesome”. Another key focus was the integrity of the administrators, which would be kept in check by the user rating of the answers. On the economic front, the project was seen as feasible and something that can be spread fast to market. The main focus was to get the bot working and spread it to other crypto telegrams. There were some unanswered questions related to the programming of the bot with a request for detailed explanations. The organization was also asked to provide a roadmap to show how they will get multiple communities to use their creation.

Take Care of Crypto

This organization mainly focusses on the facilitation of movements that can bring in more people into the cryptocurrency industry. DigiByte pointed out that because it was an advertisement based revenue system, the legitimacy factor might take a hit. Despite the risks, the magnifying glass to the community was much lauded. The Tron Europe team further added that the basic idea of TCC was solid and that if executed properly, it would massively benefit the blockchain industry.

Legendary Noles:

The Noles way is to create a system based on the knowledge around cryptocurrencies and blockchain. The ‘positive vibe’ around the idea has much appreciated along with their intention to onboard more members. Dirk opined that investments have to made carefully and that the system proposed by Noles will be subject to scrutiny that will enhance its performance.

Tron Weekly also took the initiative of asking the team members of their experience during the competitions and they had a lot of positive things to say.

Matt Wills and Raptor Crypto, members of Crypto Alliance had stated:

“The competition was a very challenging. We worked very hard but had a lot of fun also. Loved getting to know everyone and making some new friends. The best part for me was the scavenger hunts. I am fairly competitive and it was fun trying to bear the other teams to the answers.”

Olya from Legendary Noles summarized her team’s feelings by saying:

“The last few weeks were really exciting and enriching and has made us realise knowledge is power. The simulation really helped us broaden our horizon and the tasks helped us build a great level of team spirit. I believe this experience will be greatly helpful in the future too. Thanks Team Tron Weekly and all participating team members.”

 

Beginners’ Guide to Success in Digital Assets Investments

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       HOW TO REDUCE RISK WHILE INVESTING IN DIGITAL ASSETS

A quick checklist for beginners’ Investing in any asset class requires an understanding of certain principles and practices to help meet your goals. Digital assets are a new asset class in it of itself, so on that not, here are my Top 11 principals for Digital Asset Investments.

1. Learn: This is fundamentally the most important principle, as without this everything else fails. Make sure before you venture out into investment domain you are well equipped with at least the basics. Learn basic Technical Analysis (TA), how to read charts and follow patterns. Invest some time to learn the tools/indicators for market prediction like RSI, Bollinger Bands, Moving Averages etc. My personal favorite is Elliot Wave (an age-old principle that’s also a favorite of Warren Buffett).Also ensure you DYOR of the project you plan to invest in (Study about – Product Use-case, the team behind the project, the market size, competition available, the strength of the sub-teams i.e  Product development, Marketing, Legal, Advisory, Customer support etc)

2. Set Goals: A lot of people fail in investments as they do not set goals, hence don’t know when to exit.
Set 3 kinds Goals:
A. Short Term – To meet your day to day expenses.
B. Mid Term – To achieve lifestyle goals like Car, Vacation, Luxury products etc.
C. LongTerm – Financial freedom (creating cash flow which can suffice the needs for rest of your life),and enough wealth to purcahse big ticket items such as a dream home or luxury vehicle.

3. Diversify: The basic principle of ‘Never put all your eggs in a single basket’ is essential. Never bank on just 1-2 coins, identify 8-10 good projects and diversify your exposure(thus minimizing your risk of project failure as well).

4. Book Profit: It’s only a gain if you close out the trade. It is Important for short term trades to learn how to ride waves (read Elliot Wave theory. Trading view also provides many charts for the same).

5. Law of Averages: It is important to learn ratios and know that more often than not they work. No strategy will work 100% of the time. For example, if you are using RSI as a tool give it 10-15 trades for the averages to work in your favor. In addition to paying attention to the percentage of times a strategy works, also be attentive to the profit and loss for each trade. If a strategy works 50% of the time, but the wining
50% of trades book $100, and the losing 50% of the trades lose $25, this is a winning strategy. Likewise,there are cases where most trades can be profitable – but the strategy still loses money overall as major losses exceed the dollar value of minor wins.

6. Set StopLoss: Another important step towards risk management is risk mitigation; learning about setting StopLoss triggers can go a long way in that aspect. Take emotion out of trading, and define when you’re willing to exit a trade.

7. Don’t be emotional: After Knowledge this is perhaps the 2nd most important principle to follow. Getting emotional in investing can be disastrous. Avoid FOMO (emotional surge of Fear Of Missing Out), Panic selling. Avoid making the mistake of looking at price charts every hour when you know you are far away from your set goal and then selling at loss in a bear market. Patience is a virtue which is required
especially in a bear market. Remember, you are at a loss only if you sell your assets at a loss, learn to HODL (Hold on to your Dear Life), unless your thesis on a coin changes.

8. Create Residual Income: Digital Assets provides ample opportunities to create Residual income where your money creates a passive cash flow for you. Plan and gradually increase your investment to such a level that the residual income output you get meets your goals. To start with you can park a portion of
your portfolio to POS coins or allocate for rewards (like Freezing TRX for Super Representative rewards).Then you can upgrade to set up a few MasterNodes. Finally, if you gain expertise setup your own mining rigs. Let the power of compounding work on it!

9. Don’t Speculate/Be Greedy: Understand that you are investing here, not gambling ..for gambling you have Casinos 😉 . Thinking of becoming overnight millionaire is the quickest path to failure as you set wrong expectations from yourself and with the market. As the Saying goes ‘Rome was not built in a Day’ the same holds good for investments in Digital assets as well. Have Patience!!

10. Leverage correctly: Leveraging is a powerful tool if utilized correctly and within safe limits, else it can backfire drastically. Leverage Bank’s Money/Trades only to the limit for which you have cash to cover in case of the trade going wrong. Advisable not to use it if you are very new to the market.

11. Trust chart and not your feelings: The digital asset market currently has many manipulators who try to play with your feeling (through media articles, news, pumps&dumps etc), you win if you have a strong hand and rather than going by other’s random advise you believe and follow the charts. Rather try and find a GURU/Coach who can act as your guiding light.
You are in Digital Assets market which is just about 10 years old; hence we all are the early adaptors.Play it by the book, play it safe and smart! There are rich dividends to be reaped in years to come. Happy
trading and investing.

Regards,
Debasish Das.
Telegram – @deba215
Twitter – @deba215
Email – [email protected]

TronWeekly congratulates Debasish Das on winning 1 million TRWJ coins in writing contest

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The jury has decided on our writing contest and the winner is Mr. Debasish Das, author of the article “Beginners’ Guide to Success in Digital Assets Investments”. As promised, the winner, Mr. Das, is going to get one million TRWJ tokens.

Debasish’s entry in the contest is a very clear, sober, and purposeful guide for those who want to get in the cryptosphere but lack the experience. It’s written in the form of an eleven point checklist of things that no crypto-newbie must forget when it starts delving into the blockchain markets.

The winning article wastes no time on jokes or tangential matters. All the text is relevant and it manages to cover in fewer than a thousand words every relevant skill and attitude that newcomers to the cryptocurrency market must cultivate continuously if they want to succeed.

TronWeekly
The writing competition announcement that went out earlier this month.

The text is informative without being technical, it’s short and easy to read, and we would recommend it as a good starting point for any person interested to get started in crypto. Above all, it’s down-to-earth, very objective and dispassionate.

The article is no apology for the cryptoverse but a calm heads-up, which is particularly important right now because the current market conditions ignite very strong passions even in some otherwise neutral observers.

Accurate, unbiased, yet optimistic, we’re sure that this article will become a must-read for newcomers all over the world.

About Winner

TronWeekly
Debasish Das, the winner of our writing contest.

Das is from India, an engineering graduate and holds a post-graduate degree in management. Having spent more than a decade in the financial sector, working for one of the biggest MNC banking groups in the country he decided to pursue the path of entrepreneurship to achieve greater freedom and success in life. Currently, he has business in e-commerce, insurance, and consultancy.

As an avid blockchain and cryptocurrency enthusiasts, he believes in investing in the future of technology and feels this is going to make the world a single marketplace and also give the power from centralized banks and governments back to people.
Debasish’s passion is traveling and has plans to use the gains from cryptocurrency to fast track ticking his bucket list of traveling 100 countries.

Congratulations to Debasish Das our winner!

Top/featured image courtesy of Pixabay.