LoveHearts is a cryptocurrency which has been working to make itself Tron-based. In order to do that, the coin disappeared from all exchanges not too long ago so that the migration towards Tron’s TRC20 technology could be achieved.
As a Tron-based digital asset, it will be available at Tronlink (Tron’s Wallet, which is free and simple to use as it’s a Google Chrome browser extension). The LoveHearts team announced a couple of days ago that the 1:1 swap functionality for LoveHearts TRC10 works perfectly and that everything is ready for Tronlink to support it.
But the swap is not completed yet because TronScan must whitelist LoveHearts TRC20 before it’s visible (thus, tradable) for users and holders.
So the full token migration is still a few days away, but it would seem that everything in the process is running smoothly as the technical teams from both Tron and LoveHearts keep working together to make things happen.
What LoveHearts is up to, I hear you ask? It’s a very peculiar cryptocurrency that you can send to anybody you want in the world using only a Telegram or a Twitter message. It’s as simple as that. The project’s motto is “Sending LoveHearts shows you really care”. Users of this digital asset call themselves the “Heart Army”, and the idea is to reward good tweets with LoveHearts tokens instead of just clicking the “like” button.
Moreover, the coin has an actual use case. It’s secured a strategic partnership with HummingPay.io (an international remittances service that is also Tron’s partner) that enables members of the Heart Army to send their tokens in the real world and collect them as local fiat currency.
The currency issued ten billion tokens at the beginning. But after several burns, the current supply is of two billion.
LoveHearts came to life last October and it’s been very active supporting a few selected charitable causes. It recently became listed at two exchanges and, now, as the migration is wrapped up, it will be listed at every Tron-based decentralized exchange.
The migration will make LoveHearts an integral part of the Tron ecosystem which means that Heart Army members will be able to take their tokens, and trade them into TRX (or any of the other TRC10 or TRC20 tokens at Tron’s exchanges) and use them in any Tron decentralized application they could fancy. Or they can keep them and use them at the LoveHearts lounge, which will be an online shop (probably in Telegram) in which those tokens will buy you some goods and services.
More projects keep choosing Tron as their platform. Decentralized apps of all kinds, smart contracts keep arriving in this blockchain, and many of them also issue their own TRC10 or TRC20 tokens to support their project. This, in turn, makes Tron interesting for even more people and it also creates new trading volume for TRX, which also drives demand up. And that’s how any coin’s price actually goes up, besides from sheer speculative pressure which is so unreliable.
Image courtesy of PixaBay.