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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.

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.

 

 

 

Bitfinex Adds Three New Tron Pairings

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Tron was given a boost in popular cryptocurrency adoption when Justin Sun, the Founder and creator of the number 11 ranked cryptocurrency announced that Bitfinex, the popular cryptocurrency exchange, will start support three TRX pairings with the Pound Sterling [GBP] Japanese Yen [JPY] and the Euro [EUR]. The Tron official wrote on Twitter:

“Crypto exchange @bitfinex adds #JPY, #GBP and #EUR trading pairs to #TRON. #TRX $TRX.”

Bitfinex has created quite a lot of news in the cryptosphere with several traders appreciating the platform for its features and ingenuity. At the recently held Ethfinex Government Summit, Parolo Ardoino, the Chief Technology Officer of Bitfinex delivered a talk about his exchange discussing the recent products, Ethfinex and EOSFinex with the community. Here, he conveyed that Bitfinex created these products to follow an unbiased approach to avoid disputes within the developers’ community.

The updates come in the wake of a bear market that has shocked many investors. Tron supporters have openly stated that the announcements from the house of Tron have come as a sort of reprieve when a lot of the other cryptocurrencies have gone silent on the developmental front. With price movement fluctuating tumultuously, the Justin Sun led cryptocurrency has been trying hard to overtake its rival, Monero, on the cryptocurrency charts.

The community reeling after the announcement, Coin Lis, a cryptocurrency trader and blockchain enthusiast commented on Justin Sun’s Twitter announcement. She wrote:

“I knew some friends who were waiting for the EUR trading pair. They’ll be super excited! #trx #tron #crypto”

Another Twitterati, LockCrypto also put forth an opinion regarding TRX and the Bitcoin correlation movement. The comment read:

“More currency pairs / stable coin pairs means we don’t need to buy ETH/BTC anymore. go #tron level out the play field less correlation to bitcoin movement”

Beatzcoin- A New Digital Currency You Should Reckon With

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Satoshi Nakatomo founded the Bitcoin network 2009 kick-starting what has now become one of the biggest global financial revolutions in the area of financial transactions and transfer of assets. Close to a decade later, the cryptocurrency ecosystem is experiencing immense churn with various similar digital currencies being introduced.  The newest kid on the block is Beatzcoin, a digital token that utilizes blockchain technology and is traded on VibraVid, a multi-chain, decentralized platform. This article aims to strengthen the cognizance about Beatzcoin amongst blockchain enthusiasts and potential investors, and the overall blockchain community. Let’s delve into what this newest cryptocurrency has to offer.

What are VibraVid and Beatzcoin?             

It is the need of the hour today for businesses to take their service offerings and products on the mobile platform to cater to a growing consumer pool that needs everything to be accessible in the palm of their hands. From insurance purchases to movie bookings, every service is now packaged into a convenient application. Music is no different.

Beats coin

With thousands of applications, platforms and websites available, over 5,00,000 hours of music video content is uploaded daily from across the globe on this wonder that is the internet. Add technological advancements, better mobile data connectivity and superior streaming services to the mix, and we notice a steady shift from conventional music platforms to digital music. While this is a boon for the music industry at large, it certainly creates a difficult situation for emerging talent to gather resources to fund their content as well as be noticed in the online space among a herd of creators. Added pressure is also on the content creator/artist to shoulder the mantle of promotion and marketing, thus taking their focus away from pure content creation. Existing platforms also focus on marketing and revenue generation as their primary motives, failing to incentivize new content creators or users who give fresh content a chance. Here’s where VibraVid and Beatzcoin come in.

VibraVid is a platform that taps into this space, offering a free peer to peer desktop and mobile streaming application that enables viewers to view and listen to content in the form of videos and audios. Content creators can upload, store, market, lease and sell their content to the users of this app alongside activities such as crowdfunding and sell merchandise and event tickets.

Beatzcoin is a cryptocurrency which is the value of exchange on the VibraVid platform. This ecosystem created by Beatzcoin and VibraVid provides creators and users with a means of exchange to share and purchase content. Users and creators are bestowed with Beatzcoin which they can use to purchase tickets, content and merchandise as well as promote their own content. In such a setup, the content creator is incentivized for their efforts, while the user too gains from giving new and exciting content a listen. Such a system encourages talented artists to go out there and create fresh music, while also giving them a chance to generate a fair income based on how catchy their content is.

VibraVid aims to create 3,000,000,000 Beatzcoin which can be purchased/exchanged using Tron (TRX). For the uninitiated, Tron is a blockchain-based decentralised platform that aims to build a free digital entertainment system that allows easy sharing of content and provides a distributed storage technology. Tron attempts to bridge the gap between content creators and content consumers. Both VibraVid and Tron work on the same shared principles of secured content and providing creators a platform to showcase and leverage their talent. Tronscan.org and Beatzcoin.io will be the only two platforms on which Beatzcoin can be traded.

Now that we have understood the business model of this revolutionary application, let’s understand how exactly users can earn Beatzcoin on the VibraVid platform. The beauty of this application is that at every point a user and well as a creator has the chance to earn Beatzcoin which they can use for a wide plethora of activities on the platform. A user earns Beatzcoins by signing up on the app, participating in bounties, watching paid to view advertisements, completing daily weekly/challenges and much more. On the other hand, creators cash in when someone watches/listens to their content, allowing paid to view videos ads on their content, crowdfunding among other activities. VibraVid has effectively tapped into a gaping market gap that is certain to benefit and reward video creators, record producers, musicians, music enthusiasts and the entire industry at large. VibraVid & Beatzcoin certainly make for a fun experience for one and all!

How Secure is VibraVid?

VibraVid is conceptualised around a reward structure for accessing, watching and listening to content while also allowing the creator of the content to hold the licensing control and ownership rights. Leveraging the IPFS protocol, a file system that makes it possible to distribute high volumes of data with high efficiency, VibraVid ensures that data security and sanctity is maintained. The IPFS protocol supports fast bandwidth speed by splitting large volumes of data into logical chunks for easy transmission through a pre-existing network structure. In order to nullify any possible loophole in the IPFS system, VibraVid encodes its videos with an overlay layer, making sure that either a Beatzcoin wallet or a node is required to decode it. This comprehensive framework protects the content of the creator ensuring their rights and ownership of work is upheld.

The problem of pirated content is plaguing the entire global music industry. Due to some bogus and spam links, pornographic materials too find their way into legitimate platforms. Their problems are tackled by a comprehensive watch and control system that identifies and blacklists the hash or the code of such videos rendering them unwatchable.beats

The Future of Beatzcoin

The creators of this one of a kind music platform have done their best to fashion a platform to streamline creative content and give deserved recognition and monetary benefit to talented creators. However, they plan on leaving the future of VibraVid and Beatzcoin to be decided by market dynamics and sentiment. A small percentage of the value of the transaction will be rolled back into the VibraVid platform as an operational fee, in order to fund the functioning and operating costs of the platform.

The creators aim to see VibraVid as a go-to platform for all entertainment needs as well as a space where upcoming talented creators can showcase their work without feeling the pinch of limited resources of the hassle of dealing with middlemen. The enthusiasm and involvement of creators, as well as users of this platform, will largely shape the future trajectory of Beatzcoin as a digital currency and VibraVid as a successful platform.