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Ali Qamar

An exclusive interview with Mazer Gaming and Gokhshtein eSports Division founders

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Tron Weekly Journal had an exclusive interview with the founders of two exciting eSports industry key players Mazer Gaming and Gokhshtein eSports Division. A couple of notable highlights from the answers provided by the founders we interviewed include: eSports is the next evolution in league sports and a future category in the Olympics, and eSports needs blockchain to improve on itself.

Undoubtedly, eSports is disrupting the entire sports and gaming sector quickly. We have seen eSports platforms that in no time grown in popularity, and now, another elephant has entered the house already, Mazer Gaming. Mazer is a professional entertainment and gaming organization.

As such, another new (but very promising) player that has joined the eSports race is Gokhshtein eSports Division, an eSports body of Gokhshtein Lifestyle and Crypto Magazine. David Gokhshtein, a famous cryptocurrency industry influencer and a Forbes’ contributing writer is the founder of Gokhshtein.

Now, it seems Mazer Gaming is all set to take control of the eSports industry at full. Why? We hear you ask. That’s because Mazer Gaming has partnered with Gokhshtein eSports Division alongside bringing David Gokhshtein (Gokhshtein owner) on board as their new CMO.

Today, we got lucky enough to be able to conduct an exclusive interview with the founders of both Mazer Gaming and Gokhshtein eSports Division amid their partnership. Both will be telling us about themselves, their ventures, why they partnered, and much more in this interview!

We start with David Gokhshtein, and then comes Mazer Gaming co-founder Sam Kijak.

Interview with Mazer Gaming’s new CMO David Gokhshtein

Can you tell us a little bit about your background and experience?

David Gokhshtein Forbes Finance Council
Image Credit: Forbes

I have worked in finance and sales for almost two decades. It comes naturally to me coming from two entrepreneurial parents. I’ve always been a team leader, and I enjoy educating and helping others. That’s how it ended up where I am today.

How did you meet with crypto and blockchain?

Through my family. My mother is pretty tech-savvy, and my uncle is a computer guy. One day they were talking about crypto and technology. I was fascinated! After that, I learned everything I could.

Tell us about how you came up with the idea of the to develop Gokhshtein’s esports division.

My nephews inspired me to pursue an Esports division. They’re always talking about the next game to be released, codes and hacks, and who can beat who. I wanted to bring something, build something that they could get excited about, too.

What do you think the eSports industry going?

Up. Esports is going to be huge. The next evolution in league sports and a future category in the Olympics. Sports won’t be relegated to a grassy field, pool, or court. Not anymore.

In your opinion, what would be the most significant challenges when working on eSports projects?

The same challenges will be found in Esports that are found in traditional league gaming. Finding Sponsorships, competing to be the best, and building a community of followers will all be crucial to the success of the league.

Apart from partnering with Mazer Gaming, you’ve been appointed as the new CMO. Many would love to know why you chose only the Mazer Gaming. What can we expect in the future?

I like building things up. Lots of people reached out to me regarding the future of Egaming with Gokhshtein Media and our Esports division. I chose to focus on a single team, one that I believe is groundbreaking in the industry, so that our efforts could be concentrated towards success. No one can predict the future, but I can say that I’m aiming for our team to be the best.

What role do you think the blockchain will (or can) play in eSports in the time ahead? As such, how will the blockchain change the eSports industry?

The challenge to the blockchain will always be mass user awareness. Until we can build new infrastructure in the old way of doing things, people are going to struggle to adjust to this new technology. For Esports, the technology is excellent for gamer’s smart contracts, in gameplay, and keeping a ledger of unarguable gaming statistics.

What imminent activities you’ve in mind to do as the new CMO of Mazer Gaming? Please share any new ideas you’ve for the new ally and company of yours.

My primary goal, at this moment, is to help the team grow. That will be through sponsorships, competition opportunities, and building relationships in the Esports community. There’s so much potential here. I hate even to presume to say where the best place to start would be because I don’t want to limit any of our opportunities.

What advice do you have for folks willing to follow your footsteps and become an eSports advisor or CMO?

Dream big! You won’t get anywhere without action and big ideas. If you like something, find out more about it, get involved, and don’t limit yourself with cants.

Interview with Mazer Gaming Co-founder Sam Kijak

Please tell us about your background, and how did you get into eSports.

I originally started in 2014 with graphic design, where I was able to find work through the gaming community. Eventually, I got a lot more involved and decided to start Mazer Gaming as a content group posting videos to YouTube and then eventually expanding into esports and getting to where we are today.

Tell us about how you came up with the idea of Mazer Gaming.

It’s a hilarious story. We had the original “M” logo (which you can now find hidden in the Tiger’s mouth in our current logo) made before we actually had the name. So I was looking for and listing off random words that started with that letter. Eventually, Mazer stuck, and once we released our new branding in 2017, we changed it to Mazer Gaming.

eSports has changed so much since the late ’90s if I’m not wrong. So, where do you see the eSports industry in the next five years?

I mean, it’s going to be huge. We were just recently featured on the TBS Network for the Gears of War Invitational in August. It’s no longer just a small industry; it’s mainstream. You can watch the Overwatch League on TV. There are esports arenas all across the world and a lot more professional stadiums being built; it’s no joke at all. This industry is going to keep rising and becoming one of the biggest sports in the world.

In your experience, which have been the most significant challenges when working on an eSports project?

It’s really been the funding. I’d love to have a million-dollar budget to work with. We have so many ideas and esports titles we want to expand into, but the funding isn’t there yet. We expect to add some new sponsors by the end of this year, so definitely be on the lookout for more teams and events Mazer might be at.

How do you feel about the current Mazer Gaming roster, and when you guys started trialing these players as an effort to build your roster up?

Every single person and the team works hard. Since we first originally signed some of these guys, the improvement has been insane. For example, our Gears of War team at the beginning of the year was only placing around 7/8th and now is looking at being one of the best two teams in the Pro League this year.

Talking about the “eSportification,” how can a hopeful development crew craft a successful eSport?

I think it’s essential that the developer and the pro players are on the same page. One of the issues with Fortnite is that they are continually making changes to their games and making the esports players unhappy. If you want your game fully catered to the pro scene, you need to develop it with those people in mind. Also, investing money into big tournaments will always be a great way to attract people. Having a smoothly ran tournament with a big prize pool will always make esports players happy and wanting more.

Can and how will the blockchain change the eSports industry going forward?

Esports needs blockchain to improve on itself. There are many struggles that esports deals with, such as monetization, transparency, and more. Blockchain is the perfect solution for this, in my opinion.

Can you share with us what you’re working on at present, and any cool plans you have got for the future?

We’re starting an esports academy with Call of Duty. If we see success with this, we will probably do this with many other games and build on these ideas. It’s something I’m looking forward to and can see it becoming a massive part of our future. The “Path to Pro” system in esports is sturdy, and we want to make that easier.

What imminent activities you’ve in mind since you just partnered with Gokhshtein ESports Division and got David Gokhshtein on board as the CMO.

We’re really going to work on increasing our connections and creating some formidable partnerships and sponsorships within the crypto industry and the esports industry.

Is there anything else you’d want our readers to know?

We’re aiming to dominate the esports industry. Hopefully, I’ll be able to look back on this and say we did.

Disclaimer: The presented information is subjected to market conditions 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.

Never miss our daily cryptocurrency news, price analysis, tips, and stories. Join us on Telegram | Twitter or subscribe to our weekly Newsletter.

Green day for the altcoins as Ripple, Ethereum, and Tron prices soar

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The day of the altcoins

It could be early for us to declare the alt season open. But today’s cryptocurrency market performance has leaned significantly to the altcoin holders side in a way we haven’t seen since Bitcoin’s come back on last April.

As we write this, Ripple’s XRP has risen by 10.92% in 24 hours as the third most significant cryptocurrency trades at $0.29. Ether, the world’s leading altcoin, is up by 8,02%, trading at USD 208, and close to knocking on the all-important psychological USD 210 price level’s door.

Most of the cryptocurrencies in the market capitalization top 20 are gaining big. Tron’s Tronix and Dash lead the way with green numbers at the tune of 10% and 9%, respectively.

But besides that winning duo, gains between 3 and 7% are present along with the top hundred cryptocurrencies. The rise in Ripple, Tron, and other altcoins is significant enough that Bitcoin’s share of the market is down to 68.2% from the previous 69%.

Is Bitcoin going Stable?

The funny thing is that the altcoin bonanza has not affected Bitcoin’s price in the least. The mother and father of all cryptocurrencies is somehow stuck at around the $10,260 level, and it keeps trading sideways with fluctuations of 1% or smaller. While this can be discouraging to traders who want to make a quick buck, it also means that Bitcoin has found a way to resist volatility.

Bitcoin’s been above the 10K USD mark since September 02. It went as high as USD 10,800 four days later. It was a false breakout, and the price went back to USD 10,400 in just a few minutes.

Besides that parabolic event, though, Bitcoin has defended the 10k mark for more than ten days, which is in stark contrast with the high volatility usually associated with BTC and the emerging asset class known as a digital currency.

If Bitcoin doesn’t rally in the next few hours, then the digital assets world leader could see some of its market value go away in the hands of alts like Ripple (XRP) and Ethereum. This all might make speculators try to ride the green altcoin waves to make up for the losses they’ve had during the prolonged Bitcoin sideways trading session.

So it seems like a good day to get involved with some altcoin of your preference. Of course, you must never forget to do your due diligence first, make sure you know and understand the technical analysis numbers of Ripple (or any other altcoin you wish to back), have a business plan and follow it to the end.

Timing is crucial in the cryptocurrency trading world, of course. But informed decisions are just as relevant if you want to have a good session today.

Whether you’re a Ripple, Tron, Ethereum or any other altcoin’s fan, green days afford us all the chance to become emotional and make big mistakes that could make us lose a lot of our digital wealth.

Stay calmed and keep a cool head. We will see more days like these in the future, so if, for any reason, you miss the chance to earn a profit today, don’t despair. Just keep paying attention in the future.

The crypto world is exceedingly exciting, to be sure. It’s also quite risky. Stay safe so you can keep enjoying it.

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.

Never miss our daily cryptocurrency news, price analysis, tips, and stories. Join us on Telegram | Twitter or subscribe to our weekly Newsletter.

Ripple CEO: We don’t want investors to buy XRP and dump on the market

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We had a pleasant surprise on Julia Chatterley’s Twitter account today. The CNN anchorwoman published an exciting interview with Brad Garlinghouse, Ripple’s CEO, and a cryptosphere personality. In this article, we give you the gist of Mr. Garlinghouse’s intervention.

The session started talking about speculation. Mr. Garlinghouse recognized that people will always try to use any asset they can to speculate and profit when possible. Gold, oil, Bitcoin, or Ripple’s XRP it makes no difference.

Somebody will try to ride the market waves to make a buck. It’s the nature of the beast. However, in Ripple’s leader’s words, the long term value of any asset, especially when it comes to cryptocurrencies will be all about use cases and utility, not mere speculation.

When asked about Facebook’s Libra (which is the elephant in every crypto room these days) Mr. Garlinghouse said that there’s not much to tell about it for the time being. It remains an unreleased project, a white paper and nothing more, at least currently. Assessing how Libra can affect the cryptosphere is premature right now, and we’ll have to see how things go when the controversial Facebook blockchain project goes live.

Following the same line, the CEO advised potential cryptonauts to do their homework. To make sure they understand what is real in crypto and what’s not (or not yet). Does a given project have actual use cases? Does it solve a problem with its cryptocurrency or their network? Libra is a case in point because everybody is talking about it and, however, it doesn’t exist yet, and it has no apparent use cases.

Bitcoin vs. Ripple (XRP)

When asked to compare BTC to XRP, Mr. Garlinghouse said that BTC remains the leading cryptocurrency in the world and that’s very good to store value. As a payments system, however, it takes too long to process transactions, and every single one is rather expensive at approximately USD 1,00. XRP, on the other hand, is an ideal tool for settling payments because transactions are settled in about three seconds and the cost if of 1/1000 of a penny.

When asked about XRP ownership, Ripple’s man explained that the San Francisco company is indeed the most significant owner so far. The next question was about price manipulation. The answer to that was quite straightforward. Ripple is the 3rd largest cryptocurrency by market capitalization, and its daily trading volumes are in the billions. Those large volumes ensure that no single player can manipulate the market and affect the prices unnaturally.

Then Mrs. Chatterley asked about Libra again. Mr. Garlinghouse explained that it’s been a good thing so far because it’s brought a lot of new attention into the crypto world.

But he also added that trust, transparency, and reliability must be core values in the blockchain industry so the public debate about Libra, or any other digital asset, are welcome and should be embraced. He added that Facebook hasn’t made much of an effort to get on the regulator’s good books and that it could complicate things for the company as the new cryptocurrency goes live (when and if that happens).

It was an exciting interview that any cryptonaut should see because it’s very down to earth, informative, and it’s information right from the horse’s mouth, as Ripple CEO Mr. Garlinghouse is one of the world’s most prominent blockchain executives.

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.

Never miss our daily cryptocurrency news, price analysis, tips, and stories. Join us on Telegram | Twitter or subscribe to our weekly Newsletter.

Learn How Bitcoin Price Gets Determined: The Ultimate Guide

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The standard lore in every traditional financial market is that the price is the one piece of data that tells you everything you need to know about a Forex trading pair, a commodity, the company behind a stock,  or any other financial instrument. While experts who prefer fundamental to technical analysis disagree on this, the fact remains that the prices drive all markets and they determine if you make a profit or if you lose money.

Cryptocurrency markets are not that different from traditional markets in that regard (though there are many crucial differences). Since Bitcoin remains the most critical digital asset in the world, and because all other coins are linked to it through trading pairs in crypto exchanges, everybody follows Bitcoin’s price. Bitcoin alone has driven the whole market up or down in the past. But unlike commodities, Forex, or the stock market, very few people have a sound idea of how BTC’s price is determined.

What do we mean by Bitcoin’s price, anyway?

Bitcoin is included in trading pairs against almost every other altcoin in the world and many fiat currencies as well. A different number characterizes every pair, obviously, so the question of what is BTC’s price is not as straightforward as it may seem. But the answer is quite simple when you know it. It refers to the number that the world’s leading exchanges report on the BTC/USD trading pair, or to an average of all the available prices (which is the price that sites like CoinMarketCap report).

It behooves us to keep in mind that Bitcoin is a decentralized asset that trades all over the world at every possible time. It’s in the nature of the beast that every exchange in the world reports the price it’s offering, according to the laws of supply and demand, and that different exchanges will show different numbers.

There’s no unified Bitcoin price. The ciphers across the board are usually are very alike but never exactly the same, so while the general trend is the same all over the world, the small details are different from platform to platform. It’s all about the activity each exchange has, the geopolitical zone, even the time of the day. So while average values are useful, you should expect to find slight differences in the price when you go in to perform a trade.

If we want to understand how Bitcoin’s price works, then we need to understand how Bitcoin’s price is settled in an individual cryptocurrency exchange platform. Let’s see.

Discovering the price

It’s the process by which traders come together, negotiate a trade, and reach an agreement on the price they will adopt. Buyers want to pay as little as possible while sellers want to get as much as they can. So they meet in the middle after negotiating and compromising a little.

The price that any exchange reports is quite simply the price at which the most recent trade happened.

This brings us to another question: how do buyers and sellers manage to agree on any given number? Let’s find out.

The order book

Every trading organization includes a thing called “the order book.” It’s not a physical book, but a page filled with market data. It’s like the story of the day’s market transactions. Every buy and sell order is in there.

The buy-side features all the standing offers (also called “bids”) and the prospective price; the sell-side includes all the offers to sell the asset (also called “asks”). The book consists of and displays recent trades too. It’s usually formatted as a list or as a chart.

The top right lists the asks. It shows the price the seller wants, as well as the number of coins he has for sale. The bottom contains the trade history, which tells you the number of traded coins as well as the trading price. The last price is the current asset value in the exchange. That is the Bitcoin price, and it remains steady until further trading happens.

Makers and takers

Supply and demand are usually invoked to explain the price away. If there are more buyers than sellers in the market, then the price goes up and vice versa. This is a bit too simplistic because it takes two to tango. Neither bulls nor bears can decide on the price because they have to negotiate with each other to reach an agreement.

The driving force behind the price is more about the degree of aggressivity that the bulls or the bears are willing to show. The side with the most motivation is willing to pay higher spread costs (the difference between the best bid and the best ask) so that the trade is settled as soon as possible. Those are the “takers,” as they’re taking the offer in the book. The maker is the one who initiated the trade.

Takers and the price

Bitcoin Price exchanges
Credit: Pixabay

Let us consider the following scenario. Say that a group of uncoordinated but determined buyers is feeling sure that the price is going to surpass the USD 10.000,00 level in the next five days. If they’re so persuaded, then they’ll know that any price under the 10k line will make them profit in a matter of days so they’ll be willing to buy and accept the spread.

If the current price happens to be USD 9.400,00, then the buyers will make USD 600,00 minus the spread (which could be typically around USD 50,00). The determined buyers, in our example, will buy everything available at the current price. Then everything there is at USD 9.450,00 and so on. They will keep going up the ask list until they get near 10k.

If the bulls are energetic enough, the sellers will quickly notice. Consequently, they will rise their ask prices. That will keep driving the price up until the buying pressure dilutes. At this point, things could turn around. This is how prices go up and down over time.

The price, the exchanges, and arbitrage

The price discovery process happens in every exchange platform around the globe, of course. It’s a continual phenomenon that never rests. It’s ongoing every day of the week and every hour of the day. Unlike Forex, for instance, that rests after the NYC session ends on Friday’s afternoon, the cryptocurrency market is always active.

The corollary we need to learn from this is clear: there is no such thing as an official Bitcoin price. Each platform is independent, and it will value the asset according to its internal trading forces. That doesn’t mean there’s not a general global trend that converges to a specific number. But it’s not an institutional thing but the side effect of the aggregated activity in all exchanges.

There’s a process that links the prices across exchanges, and that helps to consolidate the world’s trend in Bitcoin prices. It’s called arbitrage. Arbitrage is a trading strategy in which investors exploit the difference in price between platforms.

If Bitcoin is cheaper in BitStamp than in Coinbase, for instance, then you can buy at the first platform and sell at the second one and make a profit. It’s a quick and low-risk move. In this way, the traders create a link of sorts among the world’s platforms so that the general trend remains consistent everywhere.

The dominant exchanges

The world’s largest exchanges can affect the market significantly, and we also need to take that into account in understanding what makes the Bitcoin price tick. The platforms that mediate the most substantial trading volumes in the market tend to be considered more authoritative as sources for the correct price.

So if the BTC’s value surges in, say Binance, backed up by a substantial trading volume, the chances are that other exchanges will follow the trend. If it happens at many major platforms simultaneously, that will most certainly set a global trend in a matter of minutes.

So why are the most significant players more influential? Well, because traders pay more attention to the price in those platforms. Seasoned traders expect new trends to start at the largest exchanges and then permeate the rest of the market through arbitrage and general market sentiment. This phenomenon is global, and it’s completely independent of each platform’s local fiat currency valuation. Crypto is isolated from fiats for the most part because most of the trading pairs are crypto/crypto, instead of crypto/fiat.

The indexes

The lack of an official BTC price, even as general trends and price synchronization effects do exist within the market, opens an opportunity window for many private companies to compute a composite index for the price and make it available to the public.

There are several ways to calculate indexes, the most popular one being the weighting of prices according to trading volume and then coming up with a weighted average. This practice comes from Forex markets in which the world’s main domestic currencies (USD, EUR, CNY, JPY, etc.) have an index while they can have slightly different prices in every country.

The indexes are helpful in that they do show the global trends. Otherwise, the information from a single local market could deceive cryptonauts into making biased decisions. For instance, if a large sell order gets placed on, say, Bitfinex, the price in that platform will plummet, at least for a while. But does that mean that there’s a global crisis for BTC? Not necessarily as the price could keep steady in every other platform.

Final thoughts on determining Bitcoin price

Now you have a detailed, blow-by-blow, description of the market process that ends up deciding the Bitcoin price. It’s global, it’s quite complicated, but it’s essential to understand it as best as possible because otherwise, getting involved in the trade becomes a little too suspicious as lack of understanding breeds mistrust.

We’ve shown you something of what goes on under the hood. It’s all a bit technical, and it can be hard to follow. There’s no doubt about that. Nevertheless, it’s handy. If you’re car breaks down and you know a bit about mechanics, then you can see under the hood and, if the problem is not too bad, you’ll probably find a way to keep it running smoothly enough to get you home or to a shop for service. If however, you know nothing, then you’ll need to call for help, and you’ll be stranded while the help arrives and for as long as the car is in the shop.

The cryptocurrency markets are your car, but there’s one crucial difference: when something goes wrong, there’s no help. Nobody will come to your rescue, you’ll just get the stranded part, and you’ll pay for it with your hard-earned digital wealth. That’s why knowing what’s under the hood can be critical.

We’ve explained the whole process as it applies to Bitcoin. But the price for every other cryptocurrency in the market follows the very same mechanism. So if your cup of tea is Ethereum, Ripple’s XRP, or any other digital asset, the information should be exactly as useful as it is for BTC.

We hope you find this article illuminating as you navigate the cryptocurrency markets and that it will help you to make informed choices and keep your profit levels up. Happy trading!

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.

Never miss our daily cryptocurrency news, price analysis, tips, and stories. Join us on Telegram | Twitter or subscribe to our weekly Newsletter.

Ripple Official Breaks Down Why Crypto Needs a Clear Regulatory Framework

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Blockchain-based cryptocurrencies, including Ripple’s XRP, live in a gray area in most of the world. Why? Because very few of the world’s governments are taking them seriously enough to come up with regulations. A few have issued some bans and limitations, but a full regulatory network is lacking in almost every country on the planet.

While that lack of legislation has allowed the cryptosphere to roam free all over the planet (for the most part), it also induces mistrust in the traditional financial system and prospective new cryptonauts who don’t want to join an industry that could go down the drain because it lives in the legal limbo.

The situation is particularly acute in the US, which is a relevant country not only for Ripple but the entire crypto world. The SEC should be in charge of producing the appropriate regulatory framework for the cryptocurrency market, and it’s famously studying it. However, it’s been dragging its feet, taking things very slowly and so far it’s managed to issue just a handful of announcements that are neither very clear nor very influential as regulations go.

In this context, it’s good to find out what the opinions of the crypto verse’s leaders are. Are they happy with the current lack of limitations (which also implies a lack of guarantees)? Would they prefer to remain free and unregulated? Or would they rather have a regulatory framework that would enhance the credibility of cryptocurrency projects?

We don’t know what the answers are as it pertains to every leader of every blockchain project. But we do know what Ripple’s leadership thinks about this.

Michelle Bond serves as Ripple’s head of government relations and she went on the record explaining why it’s crucial to have “regulatory clarity” for all digital assets in an interview she granted to Ripple Drop, episode 15, which is something of a news show that Ripple produces to keep its users and investors informed about the company and the XRP currency.

Mrs. Bond explained that it would be terrific to have a clear regulatory framework. Notice the emphasis on clarity, here. She started by looking at both sides of the coin. For the government, a clear set of regulations is a desirable goal to meet because it promotes innovation and technological progress.

It also would create jobs and new tax income. The other side of the coin, as per Ripple official, the businesses, also need clarity in regulations because they need to know they’re standing on solid ground before risking capital and energy into a project that could evaporate into the air if the rules are delayed for much longer, or turn out to be murky or hostile.

She expressed a preference for principle-based regulations. According to Ripple’s executive, that kind of regulations are adaptable, workable, and predictable at the same time, so they provide certainty to all parties involved.

A rule-based alternative would be more rigid and static, she continued to explain, and it could become outdated very quickly in an industry that changes very rapidly. Such a scheme would fail to foresee new technological developments that would then bring crypto back to a legal void.

Ripple’s Government Relations Head kept emphasizing the critical status of clarity for any legislation that could come because everybody in crypto will need to know precisely what’s allowed and what’s not.

She explained that the regulations should include a set of relevant (and, again, clear) definitions, just as the UK is attempting to do these days. The difference between every kind of token must be well outlined as well as the difference between digital assets and securities (this last issue has been a bit of a headache for Ripple).

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.

Never miss our daily cryptocurrency news, price analysis, tips, and stories. Join us on Telegram | Twitter or subscribe to our weekly Newsletter.

Misha Lederman joins Tron-based BeatzCoin as the project’s CCO

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BeatzCoin is a Tron-based blockchain project which incarnates Tron’s ambitions perfectly. Its multimedia platform VibraVid aims to allow content creators to monetize their work and bring them together with their fans and followers.

The trick consists in combining the power inherent in Tron’s blockchain and the Tron-owned BitTorrent network. But there’s another ingredient. The fuel behind the platform is a cryptocurrency issued by VibraVid known as BeatzCoin (BTZC).

Well, there’s some fantastic news around BeatzCoin. They have a new Chief Communications Officer (CCO). We were lucky enough to speak with the new CCO about his new role. Read on for the details.

Misha Lederman of IAmDecentralized joins BeatzCoin’s core team as Chief Communications Officer (CCO)

Misha Lederman is something of a personality when it comes to Tron and PR. The Tron community very well regards his communication skills and, now, he will be the head of communications for BeatzCoin.

Mr. Lederman had this to say regarding his new appointment,

“I’m excited to deepen my role in BeatzCoin by joining the core team at VibraVid as Chief Communications Officer, making sure that we simplify our message and streamline our communication based on the values of truth, facts, and trust to expand our community of creators and user base.”

He added that,

“This is even more essential now as we are approaching the imminent launch of the VibraVid platform and the subsequent BeatzCoin (BTZC) IEO around the corner, in addition to some major game-changing partnerships to be announced.”

BeatzCoin and VibraVid in the CCO’s words

While we know what VibraVid and BeatzCoin are, we thought it would be interesting to ask the project’s brand new CCO for his views on the platform and the token respectively. Misha states that,

“BeatzCoin is, in my opinion, fulfilling the original vision of decentralizing the web as laid out by Justin Sun and the Tron Foundation by providing a platform that offers free decentralized storage through BitTorrent’s BTFS.”

VibraVid enables artists, musicians, and content creators to share their work and earn full revenue through a new P2P economy.

The platform allows tipping, sales, and purchases through a more direct interaction between creators and viewers. Describing BeatzCoin, Lederman elaborates that,

“BeatzCoin’s revolutionary advertising model also enables both creators and users to earn by sharing the ad-revenues, while fans and followers can earn through bounties and watching content.”

VibraVid and IAmDecentralized

The new appointment will also be useful in making VibraVid Inc. and IAmDecentralized LLC closer collaborators. This in itself, could be very fruitful for the Tron ecosystem in the years to come. Mr. Lederman expressed his joy about this:

“I’m happy to see how IAmDecentralized LLC’s consulting is deepening the cooperation with BeatzCoin. IAD’s blockchain analyst and London-based data analyst with more than 20 years experience of developing fintech platforms, Neil Gordon, has led the robust technical development of the VibraVid platform as Technology Director, while David D’Aprile serves as a senior advisor.”

The future and the community

While Tron has a central leadership (we all know who Justin Sun is), the fact is that it’s complemented by a very active, bullish and enthusiastic community. While the Tron Foundation’s leadership will, of course, be critical for the project’s development, the Tron community will be every bit as important in the future, especially as it keeps growing and new users and developers keep joining it.

Lederman concludes:

“As we look to the future, the sky is truly the limit for BeatzCoin and VibraVid. With an imminent launch of the platform and the IEO just moments away, the community’s work and patience will be essential to build up our creators and music libraries as well as our growing user base. Decentralizing the music and content creation industry does not happen in a day. However, with a model that rewards both creators and users alike, BeatzCoin has a recipe for long-term success by encouraging all to release their creativity within and reveal it to the world at large.”

VibraVid will be a critical project in making Tron’s ambitions come to life in the crypto-verse because of its high degree of organization and clear vision as well as the combination of blockchain technology with the new, Tron-based BitTorrent File System (BTFS) protocol. And BeatzCoin, the project’s cryptocurrency will go a long way in giving the Tron blockchain as a whole a good name.

In this context, we welcome Mr. Lederman’s deepening role at BeatzCoin. We’re sure that both the project and the man himself will profit significantly from this ambitious move.

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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Top TRON SR TronEurope adjusts voting rewards as it completes one year of being an SR

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If you are into Tron, then you know that one of the good things about owning some Tronix (TRX) digital coins is that it empowers you to vote to choose the networks’ Super Representative (SR) nodes. And what are SR nodes I hear you ask?

Well, those are the nodes that produce new blocks for the Tron blockchain. In other words, those are the computers that keep the network running. If Tron were Bitcoin (which it’s not, because Tron is not mineable), SR nodes would be the mining nodes.

One of the most remarkable SRs is none other than TronEurope (tron-europe.org). You can think of Tron Europe as Tron’s European branch. It’s a very well developed community within the worldwide Tron community. It even issues its very own TRX-based cryptocurrency (TERC) which fuels the activity in the community.

On last Tuesday, August 20th, Tron Europe celebrated one continuous year as a Tron SR. In this article, we’ll put the year in perspective and remind you (or inform you) of the multiple milestones achieved by the community during those twelve epic months.

It all started on August 20th last year, when TronEurope became an SR. A few days later (September 9th) there was a meetup from CryptoDiva in Rome. Then on the 25th, it partnered up with TronWatch market, and five days later the TERC token got listed on tronstoken.org.

The rest of 2018 was a little quiet as only two events took place: the official icon presentation (October 10th) and a partnership with CryptoFaucet (December 14th).

As the new year began, the Tron Summit took place in San Francisco (January 17th and 18th), and Tron Europe was there, where it partnered with Chibi Fighters. A couple of days later, on the 20th, the Game of Tron ICO was presented.

February saw Channel Indonesia arrive on the 12th, and two new servers were installed on the 22nd. March brought with it a listing on trontrade.io (16th) as well as listings on ABCC Exchange and new Channel France (18th).

April brought the Belgium Channel to the network (11th), launched the TimerGuardBox ICO (16th) and saw the start of the rewards program for TERC holders. Then, on the 23rd, Tron Europe secured a partnership with the Tron Weekly Journal (another Tron community), and both communities sealed the deal by meeting up in a pizzeria in Berlin.

On May the node launched two ICOs: DVMarketplace (1st) and BeFaster (19th). June welcomed a partnership with Mazer Gaming, a professional e-sports team (3rd); Channel Australian on the 5th. On the 17th the soft cap for the BeFaster ICO was reached.

July launched the TimerGuardBox ICO which failed to reach its soft cap on the 17th. LATOKEN listed TERC (22nd) and DVMarketplace arrived at its soft cap on the 25th. There is another ICO going on led by the TronEurope team, Aftermath Islands, which ends on October 6, 2019.

On the current mont Tron Europe made its presence felt at Blockchance.eu and the Befaster hard cap was reached. All that happened from the 15th to the 18th.

So as you can see Tron Europe has had a hectic and successful first year as a Tron SR. It’s one of the most active sub-communities in the Tron environment, and it brings to the table lots of enthusiasm and innovative spirit.
Happy Birthday, Tron Europe!

Editor’s Note: This article was updated on August 26, 2019 after TronEurope requested a correction about their ICOs being not Aftermath Islands failed on Softcap, but that was TimerGuardBox. The ICO for Aftermath Islands ends only on the 6th of October 2019.

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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Tron-based BeFaster’s Founders and CEOs Speak Exclusively with TronWeekly

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Current fitness apps lack user experience, reliability, usability, convenience, and security. Tron-based BeFaster is here to fix that all. In essence, BeFaster, the world’s most decentralized fitness application, is here to transform the fitness and health management.

Unlike traditional fitness apps in the market, BeFaster is a Tron blockchain-powered app that brings decentralized tech to the real world. The application does this by offering a pedometer built as Tron dApp with a good number of pleasingly rousing features.

BeFaster strives to not only become just another fitness mobile application for phones. But it also aims to enable everyone to take ‘better care’ of their health and create a financial incentive in which their very own health is the motivating issue.

Two of the BeFaster’s Co-Founders and CEOs, Irina Manilitsch and Maximilian Jurtz spoke exclusively to TronWeekly to discuss all about this revolutionary Tron-based fitness application with us in an interview. Here it is!

TronWeekly: Can you please tell us a little about your experience and background?

Our team consists of six people. Tim, Jonas, and Nicole are in charge of graphics, presentation, presentation, marketing, web design, and implementation.

All three are trained specialists in their fields and have several years of international experience. The three CEO’s Max, Irina, and Frank come from the financial analysis and financial planning sector. Together we have more than 40 years of professional experience.

BeFaster Tron fitness dapp founders
The three co-founders of BeFaster. Frank on the right, Irina left, and Max in the middle.

Max has experience in building and managing companies. Irina is a lawyer with particular expertise in international and European law. In addition to the ubiquitous legal certainty, the last point is particularly useful in our global expansion. Frank is one of the founding members of Tron Europe and thus a man of the first hour. He contributed to the successful growth of Tron Europe.

TronWeekly: What led you to develop BeFaster?

BeFaster came when Max and Irina were struggling on a treadmill in the gym. As everyone knows, you need a lot of motivation to get over their weaker selves. What motivates more than health and money? Because of the health, we were there.

At that time we had no idea how to earn money by running. When we talked to Frank about this seemingly crazy idea, he boldly said that the blockchain could make it possible. Blockchain technology inspired us from that point on.

We were looking for a way to make the Blockchain and Crypto world accessible to the general public. Because currently, knowledge seems to be reserved for only a small circle. We were lucky that Frank already belonged to this circle. BeFaster was born.

TronWeekly: What is the most significant USP of the BeFaster project?

The closed business cycle of BeFaster. The combination of challenges, marketing partners (BePartners) and the corresponding marketplace is so far unique. The advantages of this combination have not yet been available to all users of well-known running apps.

TronWeekly: What are the biggest challenges you expect from BeFaster to succeed?

Since BeFaster will be a global DApp, we are confronted with numerous legal and partly political regulations. It’s a big but manageable challenge to build BeFaster in such a way that it meets all current and future regulations.

TronWeekly: How do you assess the impact of your blockchain BeFaster solution on the health and fitness industry of the future?

An evolution! BeFaster creates its ecosystem. For BePartner, it will be easier to filter and reach their desired clientele. Marketing costs are significantly reduced, and the effectiveness of contract conclusion, sales and scheduling are increased.

The users (BeUser) earn money continuously and access attractive prices and offers on goods and services of BePartners. The BeUser can pay these perspectively with the run and won Coins (BFC). Blockchain makes it possible.

TronWeekly: What is your business model?

We connect users who are interested in sport and health and those who want to become one with BePartners who offer goods and services in the fields of health & care, sport, and wellness.

TronWeekly: What incentives does BeFaster offer for those who are invested or planning to invest in the project?

Everyone who has invested in our project (BeInvestor) acquires the BeFasterHoldertoken (BFCH). It gives them the right to participate in the company’s profits in the future. BeFaster distributes 50% of all profits to the investors in proportion to their investment.

For this purpose, we have developed our ROI (Return of Invest) Calculator, in which everyone can calculate his investment and the corresponding amount of his ROI.

Unlike many other ICOs, where investors only acquire coins and hope for rising prices, our focus is on corporate earnings. BeFaster will also generate revenues in Fiat currency. BeFaster will thus be broader in scope and secure the income and financial prospects of its investors regardless of the value of the BFC.

TronWeekly: What does the project that claims “your additional income” mean for general BeFaster users?

The BeUser receives the BFC for his steps and challenges won.
With increasing global BeUsers, the interest of BePartners in a connection to BeFaster also increases. For a connection, the BePartner has to invest in the project to increase the value of the BFC tok3n.

BeFaster rewards the users for something they do every day in their lives anyway – namely, to run. By the fact that the BFC will be perspectively exchangeable in Fiat currency, it is an additional income.

TronWeekly: What are your goals for the future?

BeFaster will be a global application and a constant companion for everyone in the world. In this way, we want to develop numerous addons and gadgets that will make your use of BeFaster an even more beautiful and personalized app experience.

BeFaster would like to be active in the future (horizon from 5 years) also in the area of charity and to create for this a private donation.

Of course, we also have the legal aspects in mind and will support our users in the future with tax questions regarding the payment of their BFC.

TronWeekly: Do you have anything else you would like to share with our readers?

BeFaster is THE ideal application to make blockchain technology and cryptocurrency accessible to EVERYONE. BeFaster can explain the connections and functions simply and playfully.

It is to be expected that large parts of the worldwide population will turn to this exciting and promising topic. The newly gained attention will give the entire Crypto world a tremendous boost. Of course, this will have a positive effect on the performance of all cryptographic currencies.

Crypto will be the master, with us it will BeFaster.

Thank you guys for all of your answers and taking the time to do this interview. The team at TronWeekly is grateful to you for your valuable thoughts and insights. If people want to follow BeFaster, where should they go?

Thank you for having us Ali, anyone interested in learning more about BeFaster can visit us at www.befaster.fit or connect with us on the following platforms:

Twitter: Befasterfit
Telegram: BeFastefitEnglish
Facebook: BeFaster.fit

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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Ripple (XRP)’s xPring could make all the difference in the crypto market

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Ripple’s xPring

Ripple said its Xpring initiative has committed $500 million to support more than 20 companies as the San Francisco-based company seek to expand uses for XRP cryptocurrency.

Ripple was born as a blockchain project with a mission. The purpose was (and it’s still is) to use blockchain technology and cryptocurrencies (especially Ripple’s XRP) to settle international payments in a cheaper, faster, more reliable way than the current standard. The current standard is called SWIFT, and it’s still using technology from the ’70s. Ripple’s purpose is to change that.

In May 2018, Ripple brought forward an initiative called Xpring (pronounced spring). It’s the company’s initiative to create a business incubator for new Ripple projects. It supports independent developers to create and deploy new technologies on Ripple’s blockchain. That allows for innovative projects to create new infrastructures and new ways to make blockchain technology useful and achieve mainstream adoption.

The Ripple Net is comprised of more than 200 of the world’s most influential financial institutions (traditional banks and fintechs). And a new one joins every week on average. It also supports research at universities all around the world so that blockchain technology helps the world in terms of philanthropy and commercial utility.

Ripple has a good reputation, power, and that enables it to promote research and to secure strategic partnerships when it comes to blockchain technology and Ripple’s XRP cryptocurrency.

Ethan Beard serves as Ripple’s senior vice president. He’s building a developer’s platform by offering resources (tools, libraries, and developing services) so that everybody can realize that,

“blockchain’s potential to transform industries through new business models.”

Mr. Beard joined the Ripple team last year. The point was for him to help the launch of xPring, which is something he knows how to do very well. He used to be on Facebook, as the company’s director developer. He oversaw developing relationships, operations, and product marketing for Facebook’s API.

Ripple is hunting high and low to find the correct projects to back up.

In the blockchain industry, as in any other one,  investors get confused. They can’t tell the difference between a “science project” and a business project. That doesn’t happen in Ripple, because Xpring is there.

In Mr. Beard’s own words,

“We’re eager to back scientists and science projects.”

That speaks about Ripple’s vision for the future. But Ripple remains a practical project which aims to solve practical problems. Namely, the issue of international transfers. And it’s doing it very well.

Pay attention to the projects supported by xPring. They could make all the difference in the cryptocurrency market.

As we write this, XRP is trading at USD 0.3159. It remains the third-largest cryptocurrency by market capitalizations even when it’s lost 3.36% against Bitcoin in the last 24 hours.

Ripple’s XRP was the best performing currency in 2017 and 2018. Which means it was the best when times were worse and also when times were best. XRP is a coin for all seasons, which is why you should hold some. Just keep an eye out for rXRP, and you won’t regret it. It has a use case that most cryptocurrencies lack. And it’s delivering.

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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Ripple CEO: US dollar works fine, we don’t need a new fiat currency

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Brad Garlinhouse serves as the CEO of Ripple. Ripple’s XRP is the third world’s largest cryptocurrency by market capitalization and one of the few blockchain projects with a clear use case.

Mr. Garlinghouse has been quite vocal about Facebook’s Libra project, which is supposed to be a digital currency that will allow for the exchange for a value between Facebook users. It’s a platform with more than 2 billion users, so it’s not something to be despised.

In Ripple’s CEO’s opinion that he gave to Bloomberg yesterday, it just so happens that:

“I think the U.S. dollar works pretty well. We don’t need a new fiat currency.”

He added,

“the way they turned this out, a lot of turbulence, a lot of headwinds.”

Mr. Garlinghouse had to face questioning about regulators about Facebook’s Libra happening. He knows. He’s had his fair share of problems with regulators on behalf of Ripple. He answered that regulators are concerned about Facebook’s track record when it comes to privacy and that the company has not done enough to mitigate those fears.

He explained that Ripple is the antithesis of Facebook’s Libra because it’s always been working with banks all around the world and making sure that regulations are respected.

Then, he was asked to compare Ripple with Facebook’s Libra project. He answered, explaining that Facebook is trying to solve a consumer problem while Ripple is not. Ripple is trying to connect financial institutions so that friction can be done away in international payments.

Facebook’s Libra is an assault on the system. Ripple wants to improve it using blockchain technology and cryptocurrencies.

Ripple’s CEO’s interviews are always interesting. He knows everything there is to know about the cryptosphere, cryptocurrencies, and blockchain technology. He never attacks rivals or competitors but explains what they’re going for. And this interview was typical of him.

So what should we make of this?

Well, it seems like nobody like’s Facebook’s initiative to go into blockchain technology. That’s not what Mr. Garlinghouse said (this time), but there is an alliance of institutions trying to block it at the US Congress. And Facebook’s reputation is so bad at protecting customer’s right that they might just block it.

Can Facebook beat Ripple? It all depends on the other question, will it go online? Will the US Congress allow it? If that happens, nobody can compete with Facebook’s Libra. It’s all about the user base. Two billion people for Facebook. How can you beat that? Even Bitcoin or BitTorrent would have a tough time facing that situation.

The thing is this: nobody in crypto wants Libra to go online. And no regulators want it to go online either. But Facebook remains so powerful! Remember, Barack Obama won his elections through small facebook donations.

So what will happen when it comes to Libra vs. Ripple? We don’t know. But if Facebook’s Libra goes online, even Bitcoin will have a tough time keeping up. That’s what we think.

Not only Ripple and its native token XRP, but the whole cryptocurrency market is also the way it is. It’s exciting; it’s giving us opportunities to get rich quickly. It’s also very risky and giving us the chance to lose everything in a heartbeat.

Who will know for sure? Do your research. Just make sure you don’t put into crypto the money you can’t afford to lose.

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.

Never miss our daily cryptocurrency news, price analysis, tips, and stories. Join us on Telegram | Twitter or subscribe to our weekly Newsletter.