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BeFaster.fit’s BFHT Trading Event Kicks Off On LATOKEN As Ecosystem Gushes In Joy

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The current cryptocurrency bull run has brought fresh blood into the ecosystem with developments going on in full swing. In the midst of the price surges, established cryptocurrency organizations like BeFaster.fit was taking full advantage of the momentum.

As 2021 dawned across the world, BeFaster.fit announced details of the native Holder Token trading competition. The BFHT Token contest is set to bring in more customers into the BeFaster.fit roster while being conducted on the trading platform, LATOKEN. 

Reports from BeFaster.fit revealed that the BFHT trading competition will go on from its start date of December 31, 2020, to January 21st, 2021. BeFaster.fit had garnered a lot of attention during last year’s lockdown period when the internet was flush with news about its focus on fitness.

Upon launch, the BFHT token had stirred the cryptocurrency pot as several major players took notice. The special investor token determines the number of tokens ” held in relation to the total token supply”. One of the best parts of the token is that it can be recorded in the blockchain and tracked in the wallet. 

Participants will be required to trade a minimum amount of 5 BFHT tokens during the contest on LATOKEN’s account to become eligible for the contest. Once the competition commences, the Top 10 winners will get a share of a whopping 1000 BFHT token. According to BeFaster.fit and LATOKEN, the token trading volume is calculated as the sum of the number of buys and the number of sells. 

United States citizens would need to wait a bit longer to take part in the contest with plans to launch still being in the discussion stage. Winners of the contest are set to be ranked according to each eligible user’s trading volume. To claim their rewards, winners will have to pass LATOKEN’s native Know-Your-Customer process. This step was taken to ensure total safety and security during the contest.

The Twitterverse has been abuzz about the competition over the past couple of days and officials expect the positive sentiment to only rise. BeFaster.fit executives had earlier stated that the native application will be ready to launch soon, with the latest competition acting as a springboard. Once the BeFaster.fit application is out for public access, customers will be able to take their workout on the decentralized network to the next level.  

Tron Europe Back With a Bang as Company Launches Native Website, More Developments to Follow Soon

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The cryptocurrency market has been flooded with new organizations claiming to provide the best service that caters to user needs. This influx of developments can, in part, be owed to the latest bull run that catapulted cryptocurrency prices to new levels.

Tron Europe, one of the earliest members of the TRX ecosystem made news with updates to an already fledging network. Building on their reputation of routine growth, Tron Europe has decided to launch its native website to give users a better idea of their vision.

The new website of Tron Europe lists all the achievements of the company with a complete breakdown of what is to come. Starting with the company’s Roadmap, Tron Europe assured its users that multiple updates were in the pipeline. Early 2021 is expected to bring a plethora of changes with the first project set to go live in the first quarter.

While Tron Europe has its hands full with the network updates, its native token was doing some heavy lifting too. The analysis shows that the TERC token price tangs from 0.42 TRX to 1.34 TRX with a 100 percent return on investments. According to the roadmap, Tron Europe will start the second cycle of developments by the end of 2021. This new phase will include revamped products coupled with the total expansion of the trading system.

Tron Europe first became popular for being one of the few over-performing Super Representatives with their own limited coin. Users in the Tron ecosystem popularized the platform and the token because of its gripping distribution and rewards systems. The community went further and enabled the rise of conversation around decentralized assets. The Tron Europe community leans towards a couple of cryptocurrencies on their roster which includes: Tercium Force, Lord, Magister, Noble, and Knight.

The TE website further talked about applications such as BeFaster, the organization’s soon-to-arrive fitness application. Initial reports revealed details on the earn while you exercise concept as the organization focussed on the needs of the growing user base. Features such as the TE website makes it easier for new entrants to get into the decentralized market. As time passes, the company has promised a more feature-laden trading environment for all members alike.

CryptoLocally’s Finance Wallet V2 Way to Earn Staking Rewards

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The leading P2P cryptocurrency trading platform, CryptoLocally, announced the launch of version 2 (V2) of its Finance Wallet. The latest upgraded version of their wallet came in addition to the strategic partnership with Idle.

Both platforms have reportedly joined forces with the common vision of a product aimed at paving the way for financial inclusion, by enabling its users to earn more passive income on their crypto holdings than ever before. This major development came after the release of their first decentralized finance [DeFi] feature and Finance wallet V1 back in September of this year.

Finance Wallet V2 Brings Higher Rewards

Taking the first leap to the world of DeFi, CryptoLocally initially released its Finance Wallet in the month of September. Finance Wallet’s first version, powered by Compound, was essentially designed to enable the users on the platform to earn stake rewards on digital assets such as ETH, DAI, USDT, USDC, and its native utility token GIV.

Shortly after which, CryptoLocally added Uniswap’s native UNI token to the Finance Wallet.

The second version of the Finance Wallet was not only powered by Compound but also included names of well-known DeFi protocols such as Aave, Maker, and dY/dX through Idle. With the integration of these DeFi platforms, Finance Wallet V2 makes the popular yield farming easier than ever. Its pros further include not only simplicity but also a higher yield than the first version. The current APY rates can be seen in the pictures attached below:

Finance Wallet Version 1 APY
Finance Wallet V1 interest rates (only powered by Compound )
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Finance Wallet V2 interest rates (powered by Compound, Aave, Maker, and dY/dX)

CryptoLocally being a non-custodial and uses a smart contract escrow aims to offer additional security for its users. With regards to security and transparency on V2, no specific changes have been executed and the users will be able to maintain full control of their crypto assets just like in the previous version.

So what opportunity does the V2 wallet brings to the users?

Finance Wallet V2 is heralded as the best way to earn staking rewards. This is primarily due to the fact that it automatically switches to the best APY of the selected cryptocurrency without any cost. The users just need to register which takes less than two minutes.

While Version 1 of the Finance Wallet gave the users the opportunity to earn staking rewards on those tokens at respectable rates, it was Version 2 that aims to provide better rates than its contemporaries along with additional capabilities.

Another new feature to the Finance Wallet V2 is that users will now be able to see the total value [TVL], in USD, of all assets that are staked on the wallet. It is important to note that if an individual is an existing user of V1 and has staked their crypto on this version, the user will need to unstake on V1 and then retake on V2 in order to use the newer version.

CryptoLocally in Brief:

The main focus of CryptoLocally is to create the easiest and most accessible fiat gateway to DeFi and its tools for the community members. The primary goal is to “empower all people” in a bid to aid them to take control of their financial future.

CryptoLocally also renders the need for a third party useless thus helping the market participants circumvent restriction posed by traditional financial institutions with respect to fees, interest rates among other things.

Bankroll [BNKR/TRX] Price Analysis: Token hits a reef as prices stumble in increasingly bearish climate

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The cryptocurrency market has not just seen the rise and fall of major cryptocurrencies but also that of other nascent tokens. One of the upcoming tokens caught in a lurch right now was Bankroll token, with prices taking a slight tumble during the current bear season.

At the moment, Bankroll was stabilizing to a level that was still leaps above its September marks. The Bankroll community claimed that the number of updates and developments from the organization played a pivotal role in the token scaling price heights.

 

The Bankroll and TRX pairing has been much talked about in the world of virtual assets with the potential to become the face of Web 4.0. Despite the lacklustre performance over the past couple of months, the pairing was now coming into the market strong and confident. Over the past 24-hours, the BNKR/TRX pairing rose by 3.72 percent holding a price of 11.1 TRX. The 24-hour peak for the token was 12.25 TRX while the daily low held at 10.3 TRX.

bnkr

At a time when the 24-hour volume had risen to 7587 BNKR, it makes sense to go through the token’s technical analysis and guage its upcoming patches, if any. The Chaikin Money Flow indicator BNKR displayed a sombre tone for the cryptocurrency as the graph fell below the zero line. This meant that the capital leaving the Bankroll market had overtaken the amount of capital coming in.

The Relative Strength Index for Bankroll had also fallen to the bottom of its respective graph, pointing to an upcoming bearish atmosphere. RSI’s fall to the extremities of the oversold zone further indicated that more people were selling Bankroll tokens than HODLing them.  Supporters of the cryptocurrency were weary but hopeful of the coming market changes. One of the main characteristics that give them hope is the fact that immediate support and resistance had remained unchanged for the past 12 days.

TERC Price Analaysis: Double Digit Growth Enables Cryptocurrency To Leapfrog Its Rivals

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The cryptocurrency market has seen a roller-coaster price movement over the past week and no token has been immune to the phenomenon. Also, cryptocurrencies in the lower rungs have seen changes that are typically unheard of in the virtual asset world.

One of the smaller cryptocurrencies that made a name for itself was the Tron based TERC, which has been on the bullish ramp for the past 24 hours. This performance has reinvigorated the ecosystem while, at the same time, bringing in new investors.

terc trading

At press time, TERC was trading for $0.0175 with a total market cap of $3.58 million. A 16 percent price hike over the previous week had also elevated the daily trading volume to $6469. While the circulating supply maintained above 200 million, fans of the cryptocurrency were expecting another massive surge soon. This positive attitude could also be linked to the number of updates and developments coming out from the TERC holdings.

Technical analysis of the cryptocurrency showed varying degrees of movements over the past week. Looking at the chart, it was pretty evident that the latest climb was making a massive impact on the overall performance of the cryptocurrency, The Bollinger bands had diverged away from each other with the current route expected to generate a large Bollinger cloud. This was the first time since the start of October that the Bollinger cloud had expanded to such a large magnitude.

The Relative Strength Index displayed a really strong performance that lifted the chart closer to the overbought zone. This was a sign that the buying pressure had increased because of more people holding onto their TERC assets. The other indicator that sided with the bull was the Chaikin Money Flow.

According to the CMF, the capital coming into the TERC market had reduced a bit over the past week. Although the graph was still above the zero line, the cryptocurrency would find it good if investors channeled in more towards TERC. Fans of the cryptocurrency need not worry as TERC was on its way to make October its best performing month yet.

Sesamessed [SEED/TRX] Price Analysis: Cryptocurrency Bets on Future Bull Movements as Bear Takes Hold

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The cryptocurrency market has been on a rollercoaster ride over the last few weeks, with price fluctuations having an effect on token rankings as well. During the fluctuations, Tether overtook XRP to become the third-largest cryptocurrency on the charts.

Although larger tokens were struggling to climb, some smaller cryptocurrencies were struggling to make their name in the industry. One of these tokens was Sesameseed, a cryptocurrency that had shot to fame after its tie-up with Tron.

Ever since Sesamesed’s inception, the cryptocurrency has been making waves with its sheer number of updates and developments. According to CoinMarketCap, Sesameseed was one of the few cryptocurrencies maintaining a good price standing. At press time, SEED was trading for $0.03 with a market cap that is known to fluctuate on a weekly basis. A 0.45 percent price drop in the 24-hour spectrum had reduced the daily trading volume to $2057.

Technical analysis of Sesameseed showed that the cryptocurrency was not completely immune to the bear attack. The three indicators chosen to assess the situation were Bollinger bands, the Chaikin Money Flow, and the Relative Strength Index. According to the TA, the price had stagnated over the past couple of days with the bear crunch squeezing the immediate support and resistance.

seed scaled

The Bollinger bands had begun to diverge from each other after converging on Tuesday. The divergence that SEED has been enjoying could be a sign that the cryptocurrency had a chance to escape the bear rut soon. According to the RSI, SEED still had some way to go before it could gun for greener pastures.

The RSI was closer to the oversold zone after suffering a fall in the previous 24-hour timeframe. SEED was near the bottom of the graph because more people were selling the tokens due to a change in investor sentiment. Next, we had the Chaikin Money Flow indicator, which described the capital movement in a particular cryptocurrency ecosystem.

Sesameseed’s CMF had fallen below the zero line after a steady hold above it last week. The drop was a result of the capital leaving the SEED market being more than the capital coming into the market. Some experts in the field claimed that the cryptocurrency might see some positive fluctuations as the week comes to a close.

 

 

TRON Casinos: Top Gambling Tokens of 2019 to Earn Free Dividends

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TRX is the master of gambling in cryptocurrency, as we can see a massive movement in gambling on Tron blockchain. In recent times, gambling has really grown on the Tron ecosystem, and according to a study, there is an enormous rise in the gambling volume of TRX.

Despite being stuck with critics from its very own community, Tron keeps up entering into a more significant phase where it continues to grow further. With crypto and blockchain technology influencing different industries, the Justin Sun-led project has made immense progress in different gambling casinos and Dapps that have launched on the TRX network.

Through these Dapps, the users can win some big prizes including the Tron based TRC-20 tokens from the casinos. Just like mining that’s a bit technical where users can earn Cryptos through solving complex mathematical problems, users can mine TRX by playing games on the Tron network through casino Dapp tokens. Moreover, users can also stake or freeze their respective tokens to achieve dividends that are often paid out daily.

So those Tron based gambling tokens can really make you win a handsome amount of money. Specific tokens are best to opt for 2019 and the upcoming time. So, let’s have a look at four of the very best ones.

WinK.org

The first (in terms of being the very best) gambling token on Tron network is Tronbet, now known as Wink – and it is the leading gambling token in the market.

The key for choosing WinK is that it has been paying the longest dividends, which makes this Tron blockchain-based casino a safe option. Moreover, it has a wide range of games that provide users an opportunity to win more and more dividends from different sources.

The gaming token also provides with its very own scaling solutions for the games that make it a fast and cost-free ecosystem. With all the features in the bank, WinK is at the top of the table for all the blockchain gambling lovers.

VCOIN (tron.cryptovegas.net)

Vcoin is the native token of ‘TronVegas.’ The in-house coin is another great gambling token that has an average rate of 3K+ daily users. On the tron.cryptovegas.net, users can log in and earn VCOINs via playing several games available on the platform.

Despite the fact the VCOIN is still new and hasn’t been through much stable trading phase, it has witnessed a rise in its value, recently. So those looking for a casino token with an evergrowing user-base, VCOIN is the one to go for.

Tronace.com

The TronAce backed casino token, Ace, seems to keep growing and boasts a significant user following alongside a popular incubation network. It is an open-source network that will play a key role for developers and empower them with the ability to launch and distribute the Dapps. The only reason to develop this token was to attract more developers so that they can create more games on the TronAce platform.

The best part is that the profit of TronAce will have a split of 70% gets distributed between holders of the token in the next distribution phase. That all makes Ace an excellent token to buy and make an investment in among other top crypto gambling tokens.

PLAY (play.goc.network)

The Tron-based gambling token available on Play GOC network is yet another major casino token. Play token is a sound investment for the long-term race as it can give holders massive returns in the long-term progress. Through the casino token, PLAY users can play different games and enjoy winning rewards alongside substantial dividends.

As we see different games coming on the network, the users are increasing day by day. With a current number of over 2,700 users on the PLAY network, it looks like another decent token to earn.

What’s UP for TRON?

As we see a large amount of volume increase in TRON gambling, it is set to turn things on for Tron ecosystem in the long-term. Online gambling is a big industry, and with Tron entering this industry with a bang, it will attract a large number of users that would help the growth of the Sun-led network as a whole.

However, things have been not working in favor of Tron lately, but the continuous DApp growth is surely good progress for Sun-led crypto, and soon, it is expected to grow with a higher pace.

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

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The BitTorrent token, BTT use cases: More than just a reward

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The BitTorrent network has been as controversial and misunderstood as it’s been successful. Now it’s going to become a blockchain network (based on Tron) and that’s just making things more controversial, but it could also make it even more successful.

At the center of this shift from traditional P2P decentralization to the blockchain, decentralization is a new cryptocurrency called BTT and it’s based on Tron’s token technology.

BitTorrent

But we start at the beginning.

BitTorrent brought forward the idea of decentralization years before crypto ever existed. In 2001, to be precise. It began and still is, a 100% decentralized network for sharing files. At the time, there were several of those (eMule, eDonkey, Napster, and several others) but BitTorrent ended up being the sole survivor.

It’s still around and, in some regions of the world, it accounts for 70% of the internet traffic. It’s the world’s largest decentralized network even today, with more than a hundred million total users scattered all over the planet every month.

Tron

Tron is much more recent, it’s not even two years old yet. It’s a blockchain project founded by Justin Sun, that aims to decentralize the web as a whole using cryptographic technology (Tron’s own technology, preferably).

BitTorrent is already decentralized (if not by means of blockchains) and it hosts gargantuan amounts of content. Both projects are aligned in many ways so it wasn’t much of a surprise when the Tron Foundation bought BitTorrent a few months ago.

After that, Tron announced that it will merge Bitcoin into Tron through something called “Project Atlas”. That will see BitTorrent become a blockchain network, and, as every blockchain, it will include a token (BTT).

BTT

So what would be the point in yet another new cryptocurrency? It actually makes sense, keep on reading.

The first (and most obvious) use case for BTT will be to enhance the way in which BitTorrent works. It will incentivize users to keep sharing their content by longer periods of time by allowing them to earn some passive income.

So, if you seed your files for longer, the network will reward you with some digital money. But that just would be the beginning.

Imagine that, as BitTorrent becomes a blockchain, then you can deploy smart contracts, decentralized applications, and websites in a Tron’s subsidiary network. In that scenario, BTT would allow you to participate in those apps and contracts and even develop new ones if that’s your cup of tea.

But there’s another scenario that’s even more interesting. You could actually develop and deploy websites that would run on BitTorrent. You would have no servers, but the sites would be hosted by the decentralized network and not by Microsoft, Google, Youtube, Facebook, or any other of the usual suspects.

Then the new token would allow you to monetize your content directly from users, and for users to pay for the things they really want.

In that context, Tron’s vision of a decentralized web could get started in the next few months instead of the next few years.

The point is: while the first use case can be obvious, there are plenty more that will only become apparent as the network develops. And they could change the way we think about the internet.

Image courtesy of Pixabay.

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

Here’s what the BitTorrent token (BTT) hitting HitBTC means

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HitBTC

HitBTC is one of the oldest and most advanced cryptocurrency exchanges in the world. Founded in 2013, it operates out of Hong-Kong (owned by Hit Solutions Limited) and Chile. It used to have a Japanese office as well, but that branch was shut down because of new local regulations. It’s expected to open again in the near future.

HitBTC offers 491 different cryptocurrencies in more than 800 trading pairs, and its longevity has made it one of the most important platforms for crypto in the world. Besides its longevity (2013 is ancient history when it comes to cryptocurrencies), the platform is available in many countries all over the planet and it’s made a name for itself regarding reliability and security.

It’s a 100% crypto-crypto exchange, which means that you can’t use any fiat money to buy tokens or link a bank account or a debit card of any kind. But this is how most of the biggest cryptocurrency exchanges in the world work, so that’s not much of a surprise. The exchanges that allow trading in fiat currencies are still not more than a handful.

BitTorrent’s happy Valentine at HitBTC

The reason for us to introduce HitBTC to you in this article is quite simple. As of last Valentine’s day (Feb 14th), the company is listing the BitTorrent Token (BTT) in several trading pairs, especially against Bitcoin, Ethereum and USDT.

This is very good news for the Tron network and its subsidiary, BitTorrent. It means that the recently launched cryptocurrency known as BTT is quickly gaining acceptance in many markets all over the world and will be readily available for trade in some of the most influential exchanges.

As you probably know already, nearly every blockchain network in the world includes (or needs) a cryptocurrency to keep the network going and to incentivize the creation of new blocks for the chain.

BitTorrent is not a blockchain network just yet, but it’s been the world’s largest decentralized network for years. Not too many months ago, Tron bought it and then announced that it would turn it into a blockchain network. Part of Tron’s blockchain network, as a matter of fact, and as such the BitTorrent network would issue a new Tron-based digital asset called BTT.

Project Atlas’ new coin

The merging of Tron and BitTorrent (called “Project Atlas”) has not been completed yet, and both networks remain independent. But it’s expected to happen over the next few months. That will make Tron the world’s largest blockchain by far, even surpassing BitCoin at least regarding users, if maybe not in value.

BTT is not supposed to become a retail currency as many other altcoins, but the means to incentivize users in the BitTorrent network to keep the network’s decentralization going on by sharing their files, bandwidth, and resources for longer periods of time in exchange for passive income in the form of a Tron-compatible cryptocurrency.

But that’s just the beginning. BitTorrent will become a blockchain of the third generation in the full sense of the expression so, soon, it will be able to run decentralized applications and smart contracts, just as Tron does. As that new stage comes to fruition, the use cases for BTT will multiply quickly.

Image courtesy of Pixabay.

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

PLAY GOC arrives at TronWalletMe

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The platform

PLAY_GOC (https://play.goc.network) is one of the 200 decentralized applications running on Tron’s network and blockchain.  It’s a gaming/betting app that includes many classic casino games such as Dice, BlackJack, Roulette, Baccarat, a virtual slot machine, and many others under development.

It’s been very successful. It’s already the world’s third-largest dApp, according to dappradar.com (a website that monitors the activity in the cryptoverse’s blockchain applications) serving more than 6.5k users every day. Crazy Dogs Live is the only largest app in Tron, and not by much (6.6k users daily).

The Tokens

It’s not just a casino, in the traditional sense of the world. It’s decentralized, unlike any traditional gaming platform. And it also a Tron-based cryptocurrency called RWD which you mine in the website just by playing the available games and another one called PLAY.

The main value behind the PLAY GOC developing team is that using blockchain technology should be fun and rewarding for users and that a gaming site should offer a variety of activities besides just playing and betting digital assets. That’s why the platform includes a trading platform as well (Play Market) in which you can trade a variety of Tron-based tokens if you so wish.

PLAY is the token that fuels the platform for the main part. It’s designed strategically to enhance the PLAY GOC environment and you can exchange it for TRX or other Tron-based tokens.

RWD is an incentive for you to keep playing. You play using a variety of Tron-based tokens in PLAY GOC and as you place your bets, the system is mining RWD tokens on your behalf. Owning RWD tokens also allows you to join in some of the site’s special activities.

You can buy either token in some of Tron’s decentralized exchanges, like the one included in Tronscan’s platform. The tokens are supported by the TronLink Wallet, which is very popular because it’s very easy to install and use. It’s a Google Chrome extension, so it takes less than two minutes to install and set up a personal Tron Wallet that supports almost all the currently available TRC10 and TRC20 tokens, including, of course, TRX.

Support from TronWalletMe mobile app

And now, TronWalletMe, which is a secure p2p crypto wallet and exchange platform for Tron-based tokens are adopting PLAY GOC’s in its wallet. The wallet is a mobile app you can get for either your Android or Apple phone and it’s not your typical run-of-the-mill wallet as it includes a decentralized exchange for you to trade in Tron-based currencies.

https://twitter.com/PLAY_GOC/status/1096489097739157504

This is a nod to PLAY_GOC’s achievements as a decentralized application by the Tron community which is using it, playing in it, and enjoying it. While there wasn’t any doubt in any Tron community member’s mind about how important the gambling platform is becoming, having its tokens supported by more and more of the other apps in Tron (TronWalletMe in this case), create more awareness and credibility for PLAY GOC.

And it deserves it. PLAY GOC maybe looks like a simple (but nice) gaming website. It’s a lot more than that. It’s one of the manifold ways in which Tron will achieve total web decentralization sooner or later.

Image courtesy of Pixabay.

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