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TronWallet (TWX)

Tron hits another milestone as Math Wallet adds support for TRX

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Math Wallet has finally added support for Tron-based TRC10 and TRC20 tokens for users of its wallet service. The cryptocurrency wallet was established by a company called Medishares, which is a relatively new name in the cryptocurrency world.

The support came in the form of the 1.9.0 update to the wallet and the wallet now finally allows users to transact with Tron Foundation tokens.

The company behind the wallet, Medishares, is a new entrant into the cryptocurrency business and it has styled itself as “the first global mutual insurance marketplace” in the world that is based on blockchain technology.

What this means, in effect, is that users who buy into the native token of the company (known as MDS and trading at $0.012 as the writing of this article) are given the ability to be a part of a mutual aid program. People who buy the MDS token help fund a smart contract for this mutual aid scheme.

Math Wallet and Tron both extending their reach

The news means that both Tron and Medishares are extending their reach and adding a completely new user base to their existing portfolios. The inclusion of TRC10 and TRC20 tokens means that Math Wallet will be able to entice more Dapp users into its ecosystem.

Coming to the Sun-led blockchain, Tron is adding another notch to its already impressive belt, and helping make TRX a more accessible and more open cryptocurrency by having another wallet add support for their tokens.

This is not the only news regarding Math Wallet as it has also upped the features available in the wallet by being able to use some of the functionality of the Tron blockchain, which is becoming among the top Dapp blockchains in the world at lightning pace.

Users can choose to activate or deactivate Tron power through two buttons in the wallet called “freeze” and “unfreeze.” These are options that are also available in many Tron based Dapps and the Tron Dapp browsers. There is also a resource library that shows the ranking of Tron Dapps, in addition to a Dapp store called Spiderstore. All this allows users of the wallet to have easy access to Dapps that are based on the Tron blockchain.

Mainstream adoption the goal

Justin Sun has never been shy about setting his sights on big moves, but he has always been careful to keep the smaller news trickling in slowly but surely. Adding the support of another wallet is just such a move and can only help with the more mainstream adoption of his brainchild. Tron is already one of the premier Dapp blockchains despite having started relatively late compared to Ethereum or EOS.

None of that matters to Sun though, as his knack for marketing and getting the right partners on board are proving to be a winning combination that is pushing Tron forward faster than any Dapp ecosystem before it.

Many industry observers believe that it is only a matter of time before Tron becomes the ‘de facto leader’ of the Dapp marketplace and continued announcements like the addition of Math Wallet only serve to reinforce that view.

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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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.

First BitTorrent (BTT) AirDrop Details

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The first airdrop of BitTorrent (BTT) is scheduled for February 11th, 2019, and it will be distributed to TRON (TRX) holders by the BitTorrent Foundation. The airdrop will be executed after the TRON network reaches the height of 6.6 million blocks, and it will include 10,890,000,000 BTTs, or 1.1% of the token’s circulating supply.

The airdrop will be the first of many in a series which is expected to go until 2025.

How to qualify for the airdrop?

The airdrop is already supported by multiple cryptocurrency wallets and exchanges, and those who wish to participate need to fulfill two conditions. The first one includes holding an amount of TRX coins, and the second one is to ensure that the coins are stored in a wallet or on the crypto exchange that will support the airdrop.

Some of the wallets and exchanges supporting the airdrop include Binance, OKEx, Bithumb, Huobi, Huobi Wallet, Koinex, Cobo Wallet, WazirX, Coin Tiger, FCOIN, Bitple Wallet, Gate.io, Coinex, and others.

Details about BTT

BTT is a TRON-based TRC-10 token which was launched on Binance Launchpad on January 28th. The token was exposed to over 10 million Binance users, and the sale was over within 15 minutes.

The coin is to be used in the BitTorrent platform for making transactions and rewarding users for providing their own computing resources. The mentioned series of airdrops is expected to reward TRON holders with at least 10.1% of the BTT circulating supply in the following years.

The circumstances were also very beneficial for TRON (TRX) as well, as the coin started experiencing growth while most of the other cryptocurrencies have been experiencing drops in price due to the crypto winter. In a period of only 30 days, starting on December 17th, TRX price doubled, going from $0.127 to $0.025. At the time of writing, the price of TRX stands at $0.026058, after a 1.02% increase in the last 24 hours.

Image courtesy of Pixabay.

A new Lifetime Subscription Token for TronWallet

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A little more than a month ago, TronWallet issued a new TRC10 token (which means it’s based on Tron’s most straightforward token technology and can be traded for TRX coins at Tron’s decentralized cryptocurrency exchanges).

It’s called the TronWallet Lifetime Subscription Token (TWLT). You need to own only one of these new tokens for TronWallet to grant you an elite level of subscription called Lifetime VIP tier. As long as you still hold that single token, your subscription will remain at the VIP level. If you sell it or trade it, the token’s new owner will acquire it. Epic, right?

This new Lifetime VIP Tier subscription enables you to access every feature in your TronWallet without any additional fees except for one, the vote for listing fee feature.

In other words: you’ll be able to vote for super representatives, send or receive any of the supported cryptocurrencies, use 2FA authentication, have premium support, save your contacts on cloud, do atomic swaps (ETH to BTC), request payments, make payments, claim airdrops and trade without limits or fees at TronWallet’s DEX.

The new token’s supply will be very limited as only 10,000 tokens will be available. Those coins are created already, and no new TWLT will be mined or produced in the future. They will be released at the rate of 1000 yearly. The currently available supply is the one corresponding to both 2018 and 2019. The next round will be released in January 2020.

https://twitter.com/EarthToZman/status/1083228228603375616

An additional advantage for TWLT holders will be a higher ration on Airdrops by partner tokens. The exact ratio depends on each partner so it can fluctuate, but you can expect to get from 2x to 10x more coins as other TronWallet users. This is for TWLT holders only so owning one of those coins will get you a lot more free tokens.

So how do you get some TWLT, I hear you ask? The price was 200,000 TRX at the start. But some promotions have been available over the last month that allow you to buy one at a 50% discount. You can buy it using any of TronWallet’s regular channels, including its telegram channel.

So hurry up! Not too many tokens are available and holding one will give you so many good advantages as a member of the Tron community that it’s surely going to be worth the price.

The Tron-based token ecosystem is thriving. All the tokens in this category can be traded for TRX at Tron’s decentralized exchanges, and there are many new interesting TRC10 and TRC20 coins that are worth exploring.

Just to give you a couple of simple examples, there’s BTT (BitTorrent’s Token) which will be a TRC10 issued by the BitTorrent network, and that will incentivize seeders in the world’s largest decentralized network. Then there’s the Tron Weekly token, which is a token used to finance, sponsor and operate the Tron Weekly Journal, the website that functions as the news central for all things Tron over the web. This kind of activity will soon rival Ethereum’s in terms of token variety and ICO launches.

Image courtesy of PixaBay.

Green Flag, Red Flag: Tips to Evaluate a TRON ICO

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The simple saying ‘Better safe than sorry’ takes a lot of precedences these days when it comes to choosing an ICO to invest within the TRON ecosystem. We have witnessed an astronomical growth regarding transactions being handled by the TRON network, a lot of credit for that goes to the SRs and the projects running on TRON protocol.

In a short span of time, we have seen close to 1600+ tokens being launched using the TRC10 protocol which is also helping a lot in terms of enhancing the usage. Most of these tokens trade only using TRX pair, ICO purchase is also through TRX only.

All these are helping TRON eventually hold its ground in this bear market and also promises for a prosperous future as a lot of these projects gets into mainstream usage. TRON (TRX) has made the token creation process super simple and almost free with the cost of token creation being just 1024 TRX. This is helping a lot of projects which had an idea but lacked access to funds and resources to launch their projects.

Having said this, there is a flip side to it; low entry barriers are also allowing a lot of ‘scamsters’ get into the system. They are creating tokens with the intent to exit scam at some point of time and escape with the investor’s fund.

Lack of regulation in this domain makes it all the more difficult for you to recover your funds once lost. The objective of this article is to assist you with 10 pointers which will help you evaluate a project and make an informed decision. Our humble request to all of you reading this article is not to gamble/speculate when it comes to ICO investments.

Success takes time; hence legit projects will take time, but the ROI will be phenomenal. Becoming millionaire overnight is a myth, it takes a lot of patience, perseverance, and knowledge to sail through this roller-coaster ride and achieve your financial goals. So be smart and choose wisely.

In this article we use a simple strategy to evaluate a project – Green Flag means the project is good to invest, the Red flag means we need to avoid investing in it. So here are our 10 pointers to conduct an essential evaluation of a project:

Product

This is the heart of any business. GREEN flag goes to the project which has a working or planned product, a clear use-case, has plans to launch BETA versions. Also, you need to evaluate if using blockchain actually makes it viable and useful.

RED flag a project which has vague or undefined use-case or is too simple that every kid off the blocks is doing it. Simple tipping/meme tokens are classic examples of this where you need to carefully access the usability and how the project differentiates itself from other off the mill projects.

Few note-worthy projects which can be given green flag on this aspect are – IGG, CyberTron, TronWatchMarket, TronWeeklyJournal, SEED, WIN, BeatzCoin, GEMS, Book.

Team

This is again one of the most important aspects to access a project. A team which is not public has a higher probability of pulling off an exit scam. The blockchain is about transparency, and if the unit itself is not transparent, then it’s a big RED flag. So look out if the project has a team, who are the developers, advisors, marketers.

Does the team has public profiles visible on the portal, do they have previous business / ICO / blockchain experience. Is the project happy to post the photographs of the team on the official website? Give it a RED flag if you don’t find these basic information, give a GREEN flag if the results of your finding are satisfactory.

Few projects which score green here are – TRWJ (Tron Weekly now), IGG, KsumNole, SEED.

Token supply and pricing

This is an excellent indicator to access the intent of the project. This differentiates the professionals from the noobs. A big RED flag goes to ICOs which creates ridiculously high supply which runs into thousands of billions/trillions with an absurd ICO price on www.tronscan.org ranging from 0.1 to 50 TRX for each token.

If you do simple mathematics you will realize that we will run out of all the TRX available and still the ICO will not be 100% sold, which means the creator doesn’t even intend to achieve full ICO sale, a clear exit strategy. If you observe this RED flag then immediately drop the idea of investing in that project as high chances you are dealing with a scam or a noob and both are not good for your investments.

GREEN flag goes to projects which if 100% sold at the ICO price covers only a small percentage of TRX supply thus leaving enough space for its value to grow and give good ROI to early investors.

White paper and website

These are the first impression of the project and again are a big differentiator between professionals and new kids of the block. Give a GREEN flag to a project which has a detailed whitepaper and website which clearly explains the project, product, use case, roadmap, key benefits, token distribution allocation, etc.

A RED flag goes to projects which either do not have these ready or it’s just for namesake. A project should have this basic stuff ready before they venture out to garner funds from the public.

Social Media

In the digital space, social media is the strongest tool available to create a huge global customer base. A legit team will strongly invest a lot of time and energy to build up their social media presence.

Give a GREEN flag to the project which is active on most of the social media channels like Twitter, Telegram, Reddit, Medium, Facebook, Instagram, Slack, etc. A RED flag goes to projects which create it for namesake and do not actually use it to build the community or engage proactively.

Communication of the team

The communication by the community managers and teams are a good indicator of accessing the true intent of the top bosses. Check if the community managers are engaging with the community to build relationships with them and spread awareness about the project, developments, future plans or are they just trying to hard sell the ICO.

Also, transparency of the community managers goes a long way in establishing the trust for the project. Give a GREEN flag where the admins are real and transparent, their social media profiles are matching in different platforms (i.e. they are the same person in the telegram, twitter, facebook, linkedin, Instagram, etc.) and they are actively involved in spreading knowledge and awareness.

Give RED flag to the admins whose real identity you cannot access. Real people who believe into an idea/project and are entrusted with the task of promoting it will never be required to hide their identity.

Pre-mine and freeze

A legit ICO will have a clearly defined roadmap for token release and distribution. GREEN flag goes to projects which follow their roadmap and keep the un-utilized tokens frozen as defined.

RED flag for projects which put 100% of supply into circulation and trade on day one itself, high chances they just want to sell whatever they can before they pull the plug.

Market size and potential

Give a GREEN flag to the project which has identified a niche market and are leveraging blockchain to create a global customer base. Typically products which have a global use case, sizeable customers already spending money in that domain( which will shift to blockchain over a period of time) are good green flag indicators.

RED flag for the projects which hardly has any existing or future market because the use case is vague or non-practical.

Community

Communicating with the community can give you a lot of indications about the project. Give GREEN flag to a project where the community is loyal and knowledgeable; they vouch for the product and the team, discussions in the group is constructive and project-centric. A RED flag where the community is not aware of the project as high chances they were just bought or are bots.

Commitment

This parameter kicks in a little later but still helps in safeguarding your money from becoming ZERO. Give a GREEN flag to the team that values responsibilities and delivers on time – be it a product release, partnerships, merchant onboarding, events, commitments to investors, etc. Vice-a-versa for teams which frequently backs out from their own words.

Apart from these also be cautious about the fake/counterfeit tokens which almost look real to the legit tokens except for a small change in the alphabets. It is advisable to buy your tokens from legit exchanges / tronscan link shared by the project officials / from the official telegram channel of the project. You are venturing into risky domain when you enter private sale groups having low control over the fake tokens.

Very few things in the world are perfect, but we need to aspire towards perfection on a daily basis. So after evaluating a project on above parameters if a project scores 8-10 it could be considered safe, any score below five should definitely be skipped for the time being till the team proves it another way around.

Due diligence and a little time investment can go a long way in not only safeguarding your money but also to give you phenomenally high ROI in the long run. It’s just a hunt to avoid garbage and fill your bags with gold.

Hope all of you create massive wealth in years to come. Happy Investing!

Image courtesy of Pixabay.

Top 3 Tron (TRX)-based coins everyone needs to keep an eye on

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Tron’s blockchain and Main Net allows you to issue your own TRC-20 cryptocurrency very easily. It’s probably easier than it was to do on the Ethereum network (Tron’s Tronix itself started as an ETH-20 based currency) and people and organizations are taking advantage of this feature. Let’s have a look at the three biggest Tron-based coins right now.

IGG

Intergalactic Gold (IGG) is issued by Intergalactic Gaming, an organization that’s looking to become one of Tron’s Super Representatives (in fact, they already are now). The project’s aim is to use the Tron blockchain to decentralize online gaming all over the world and to use the IGG token as a means of exchange between users and players.

The online gaming platforms have spawned real economic activity as the most enthusiastic players get some of the most exotic items in each game and then trade them or sell them to other enthusiasts who are willing to pay for them.

If Intergalactic Gaming has its way, this trades will happen in the future by means of IGG. So this is not a token that’s meant to pay for your cigarettes or your beer, but to stay 100% digital, within the video gaming communities of the world.

It’s the top Tron-based token by market capitalization at $121,213.6 USD, it costs $0.0008817 and the supply is of roughly 50 billion.

TronWeeklyJournal (TRWJ)

Our site, the Tron Weekly Journal is a news outlet mainly focused on Tron. As our Facebook page notes,

“Tron Weekly Journal (Tron Weekly) is an endeavor to bring all Tron world news under one umbrella. All latest events, happenings, ICOs, business ideations, interviews of ideators and entrepreneurs, and every activity in the world of Tron will now be available under one unified online journal called the Tron Weekly Journal. While there has been immense churn and activity in the world of Tron, there is no centralized portal or information pool where a new initiator or Tron enthusiast can gather necessary information, be part of a Tron network and connect with other Tron enthusiasts and investors.”

The Journal spreads the news through all the usual social networks and the main website (tronweekly.com) and it also issues its own token, TRWJ. The token’s purpose is to reward content creators and to carry out advertisement, promotion and other similar tasks relative to publishing.

TronWallet

The third asset we’d like to list is called TronWallet (TWX). It’s capitalized at $126,084,554, costs $0.0042028, and the total supply will be of nearly 30 billion of which half are in circulation currently.

TronWallet is an app available for both Android and iPhones. It’s a crypto wallet and exchange for Tron users. It’s an open-source project that puts emphasis on security and usability.

According to the project’s website, the coin’s purpose is to be,

“used inside the TronWallet Autonomous Exchange. TWX will enable token holders to swap tokens and run Dapps on top of TronWallet and its sdk’s (software developer’s kit). It will enable users to connect into a hub and execute instant purchases of tokens directly through smart contracts, at a price that is continuously recalculated. An unstoppable autonomous exchange and liquidity network.”

Image courtesy of Pixabay.