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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.

Tron Sets-up Official Website for its $1 Million Accelerator Project

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Tron is one of the most decentralized blockchain platforms today and taking a look back at its initial vision; it was created to change the entertainment industry. Despite hitting extreme lows this year, the cryptocurrency remains positive and has kept its supporters with it rather nicely despite the market is bearish.

And now, the blockchain project run by visionary leader Justin Sun is going to invest a million dollars for its Accelerator program for Dapps.

Tron Accelerator is set to be launched shortly. In the bid to foster the development of the program, the blockchain firm has created an official website (tronaccelerator.io) of the project.

It is important to know that Tron Accelerator is a program that will change Tron’s ecosystem, because it will give developers the right opportunity to create Dapps and get incentives; in return, Tron acquires the best minds to help in the development of its ecosystem.

Tron Accelerator, a Big Rival to Ethereum’s Project

Tron moved from Ethereum’s ecosystem to create its very own ecosystem. Just like Ethereum, it helps in the production of decentralized applications in the blockchain world.

With that in mind, Tron decided to explore the opportunities in Dapps where the games alongside Smart-contract applications can be created which is why Tron Accelerator project got announced to foster the development of decentralized applications.

Tron is poised to make sure their ecosystem is more efficient that Ethereum’s and in that view, Tron Accelerator will help to improve the prominence of it in the blockchain world.

About Tron Accelerator

As the words on the website can be read,

“TRON Accelerator is a $1 million USD program that aims to assist developers and foster innovation within the blockchain industry. Developer teams are invited to submit their decentralized application project, build on the TRON protocol, and compete for one of the most ambitious Blockchain hackathons ever hosted.”

According to Tron, there are one million USD total awards and 56 winning projects. The blockchain firm also stated that Grand Prizes winner would have the chance of free travel and accommodation during niTROn Summit in San Francisco, as well as future Tron investments. The first reward is about $200,000, second prize is $100,000, and the third stands a $50,000.

There will be a special total prize of 240,000 USD for eight winners in 8 different categories. The eight winners will be selected based on the excellence in application tool, blockchain game, decentralized exchange, innovation, user experience, UI design, Onchain Activity DApp, and most influential Dapp.

Interestingly, there are going to be ten judges including Tron’s CEO, Justin Sun. The panel of judges also includes Cong Li, Tron U.S Head of Tron Protocol, and Vincent Niu, DappReview CEO.

The blockchain has stated the rules and regulations concerning the Tron Accelerator program:

  1. Developers can participate and apply in a team or individually, and that there’s no limit on the number of team members per team.
  2. Every team member must entirely agree to the terms and conditions of the contest.
  3. All development(s) must be based on the Tron protocol. More information about Tron’s protocol can be found on their documentation platform and Github.
  4. All proposals are to be submitted on or before the due date that is January 4th, 2019, Midnight (PST).
  5. Proposals must either be in English or Chinese language.
  6. Participants must be legally responsible for their proposals/projects.
  7. The awards are based on each project.

Image courtesy of Pixabay

Wish you could make free income from crypto? Tron (TRX) can help

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Making a passive income through a blockchain network is the ‘holy grail’ to making money and can be something that’s not really attainable. With that in mind, there is good news for the Tron (TRX) community, and that is: they can make money on Tron’s network for free without paying even a buck or dealing with hidden charges.

Tron is a massive project that’s poised to make sure we have a decentralized internet. Since its protocol is one of the largest in the blockchain world, it has a good number of mini-projects for its community from which they can take advantage. Are you thinking of how to earn a passive income on Tron’s network for free? Alright, we hear you asked. Here are some potential ways in which you can make money with Tron without spending a penny.

Tronbet

Tronbet is a gaming platform where users can stake using TRXs. It is vital to know that Tronbet is a decentralized gaming platform which is transparent and fair. Also, Tronbet is the first e-gaming platform on Tron’s network. The more you bet as a user, the more ANTE tokens that are received.

Subsequently, Tron’s ANTE token, according to Tronbet whitepaper, helps to reallocate wealth to Tron community and to those who participate on the gaming platform.

Also, about 100 percent of all ANTE tokens received from the platform are re-distributed to all individuals who own ANTE. Although, gaming on Tronbet may impose risk as it involves betting; still, it is a potential way to earn money on Tron network.

IGG (Intergalactic Gaming)

The era of esport has come to stay, and Tron is making sure the revolution is right. The IGG (Intergalactic Gaming) makes use of smart contracts and blockchain technology to revolutionize the way people interact in the realm of esports.

IGG tokens (the TRC-20 ones that are based on Tron network) are poised to play a crucial role in the Tron ecosystem as it has accountable use cases for teams, gamers, brands, and of course, the wider public.

If you read the whitepaper of the project, it states that IGG is a community for games and even from there, you can become a member of Tron network. One the most critical benefit of registering in the platform is that you will get rewards (5000 Intergalactic gold) after performing certain activities.

Voting and SEEDING

The best ways to earn money on Tron’s network is through voting and seeding. It is worth noting that the Super Representatives you’ve voted for will offer you rewards after you freeze a certain amount of TRX on Tron network (freezing TRXs is necessary for voting on the network).

On the other side, holding SEEDs gives you rewards and more significant votes. For instance, if you are being given three votes per SEED and you hold it – it automatically implies that for every SEED you hold votes for sesameseed at 3 TRX (you get 3 TRXs).

Even though the potential of earning is 3 TRX but that keeps fluctuating, and you may even get up to 6 TRX soon. Also, when SEEDING, users would start getting about 80 percent of the total revenue that SEEDGerminator project generates.

Consequently, more and more projects are coming up on the Tron network and it is probable that they will offer rewards for being an active player on the project or just by holding the tokens to earn more.

Image courtesy of Pixabay.

Tron (TRX) community elects Intergalactic Gaming as SR in no time

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Tron is one of the most active projects in the cryptosphere which pays-off its community well and always lives up to its society. Projects handled by Tron are running efficiently and being appreciated in the market. Due to its high availability as well as scalability, TRX has become well-liked crypto over the last couple of months.

To make these successes happen, Justin sun, CEO of Tron foundation, has been working continuously and tirelessly to make the project stand out from the rest. The CEO also keeps updating crypto enthusiasts about how the Tron is performing and what that network has attained so far.

In an attempt to be more decentralized, elections for Tron Super Representatives got into the act. The Tron community has elected 27 Super Representatives. And today, Intergalactic Gaming, a project based on Tron blockchain got selected as the newSuper Representative on Tron platform in just 4 hours after the project announced its candidacy. Now, the new SR is ready to host the nodes for verifying the blocks.

Subsequently, each SR will get a reward of 32 TRX tokens per block generated by public blockchain. As the rate of creation is 1 second per transaction, 86,400 transactions could take place in a day that means each one will get 2,764,800 TRX a day which equals to about $44k if we take the current price of TRX in the account.

Initially, IG will distribute the 100% of their rewards among voters. Then the elected SR would reduce reward percentage to invest in their governance and product development. Of course, their intent is genuine and very well justified.

The company stepped ahead and expressed its views on claiming the coveted SR spot,

“Our web-based platform will utilize blockchain technology and smart contracts to change the way we interact with each other in the esports realm. IGG tokens (TRC-20) will play a pivotal role in our ecosystem and will have significant use cases for gamers, teams, brands and the wider public.”

Subsequently, the consolidation between Tron and IGG might be unpleasant for eSports industry giant that boasts millions in revenue, as this integration can disrupt the eSport to some extent.

Not too long ago, in an attempt to make the game developers utilize its blockchain technology, Tron announced a grant of $1 billion via its dApp accelerator project to onboard the developers onto its network. It is also worth noting that a rise in transactions and account creations emerged because of dice-based games (simple ones) that got created on the Tron blockchain.

TRX current market overview

The whole crypto market is in bloodbath currently, and TRX is no exception either. Tron’s native token trades at $0.146 as we write this article and has a market cap of $961,130,478. Sun-led cryptocurrency is down by 9.87% in the last 24 hours.

Image courtesy of Free-Photos/Pixabay

Why you should follow Tron (TRX)-based Intergalactic Gaming this week

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Tron is among a few blockchain projects that aim to take internet games to the next level, whereas, online gaming has been growing immensely for years. When you use games like FIFA or Minecraft to play online, you’re not playing against your own computer or console anymore, but against many other aficionados.

And in most of these platforms reward players with tokens, exotic items and many other things depending on how well they play the game or how much time they spend playing it. The gaming industry has created a gaming economy, in every sense of the word. You can sell or buy the most expensive items in places like eBay. Yet, nobody has tried to bring this whole new economy together into a single platform (and make no mistake, this is a real economy).

That’s when Intergalactic Gaming comes in. It’s a blockchain platform that runs over Tron‘s Main Net that aims to digitalize and tokenize the aforementioned competitive gaming economy. The project includes a token called Intergalactic Gold (IGG) which is also based on Tron’s token technology (TR-20). The point of the token is for gamers to exchange value and increase interactions (for instance, not to use eBay or other third-parties to trade in valuable items).

IGG’s initial ICO happened on Tronscan last August 3rd. The basic ideas you need to understand is that the total supply will be of 50 billion which is a number designed to guarantee scarcity (thus, value) and liquidity at the same time.

This tension between the two things will be what will make the token’s value, according to the laws of supply and demand. That basic economics, combined with real-world use cases will promote the token’s adoption and make it worth ‘hodling.’

That is not as weird as it sounds if you take into account that more than 2.2 billion people play online games all over the world. Even sports tv companies such as ESPN are starting to cover e-sporting events.

Among those who could find the IGG token useful are: professional gamers, brands, teams, gamers, and the gaming industry which is always trying to find new ways to make new and old gamers interested in current and new games.

The initial offering was of 10 billion, not including community rewards and airdrops. The rest of the currency will be frozen for three months at least.

Tron and Intergalactic are a match made in heaven because they both share the great ambition to bring blockchain technology into the “ordinary” uses most people give to the internet (through either web or game decentralization, respectively), young leadership and a young vision.

https://twitter.com/Official_IGG/status/1064128139285184513

The current week will be transcendental for Intergalactic, the company, and IGG, the token.

First of all, Intergalactic will be launching its candidacy to become a Tron Super Representative, which it could achieve if it can gather enough votes from its gaming users. If it should win a spot, their voice and vote would become very relevant within the Tron community.

Second, a move to Manchester has been on the works for some time now. Next week the new Intergalactic’s Manchester office will open for business.

Third, the next airdrop will happen between November 23th and 25th.

There’s still some skepticism about the IGG token. Some observers consider it to be too specialized and are distrustful of real use cases. These observers clearly don’t play online games at all. But in the worst case scenario, you can always exchange your IGG coins for TRX. It’s too early to asses if IGG will be a success. But it’s also too early to think it will fail for sure.

Image courtesy of Kanenori/PixaBay

Fidelity’s Entry Into The Cryptocurrency Space Is a Good Thing, Says Bitcoin [BTC] Bull

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In a recent interview, Michael Novogratz, the Chief Executive Officer and Founder of Galaxy Digital, spoke about institutional investors and how the entry of Fidelity into the cryptocurrency space will change the game. The Galaxy Digital official’s comments comes in the wake of Fidelity starting its cryptocurrency custody solution.

Speaking to Bloomberg, Novogratz stated that Fidelity is filling in a much-required space in the cryptoverse, a market which has still not managed to lure in institutional investors. He said that the launch of custody solutions will get more people involved in cryptocurrencies and Fidelity basically has a “check mark on their list of goals”. The CEO went on to say:

“The entry of Fidelity gives a lot of confidence to new investors during a time when the space requires proper involvement.”

Novogratz also added that cryptocurrencies such as Bitcoin [BTC] are bare instruments, saying “they are gone if anyone takes it and there is nothing anyone can do about it”. He focused on this point by citing the example of JP Morgan and the confidence it instills in investors. The crypto bull further stated that the launch of Fidelity custody services is a good start to make existing as well as potential customers more comfortable. He said:

“Custody services are important because it opens up a gateway for more players to enter the market. With the launch of Bakkt and the entry of Goldman Sachs and BitGO, the cryptocurrency space will only be more enriched and accessible to the masses.”

Novogratz also claimed that consultants can now say that cryptocurrencies are a safe asset class backed by popular organizations. Fidelity had created ripples in the market when they had announced their venture into the cryptosphere. Tom Jessup, Head of Fidelity Digital Assets had stated:

“In our conversations with institutions, they tell us that in order to engage with digital assets in a meaningful way, they need a trusted platform provider to enter this space. These institutions require a sophisticated level of service and security, equal to the experience they’re used to when trading stocks or bonds.”

Tron Price Analysis

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The cryptocurrency market opened today, November 9, to almost all the cryptocurrencies seeing red. Popular cryptocurrencies like Bitcoin [BTC], Ethereum [ETH] and Tron [TRX] all witnessed a price bleed after a few days of price hikes. At the moment of writing, there was a systematic fall across the cryptocurrency spectrum.

1 hour:

https://ambcrypto.com/wp-content/uploads/2018/11/TRX-1-HR-1.jpg

The Tron one-hour graph shows the cryptocurrency form triangle with the uptrend and downtrend acting as the slopes. The price uptrend saw the price rise from $0.0232 to $0.0247while the downtrend saw Tron falling from $0.0248 to $0.023. The immediate resistance was holding at $0.0248 while the support has been maintaining at $0.0215.

The Parabolic SAR points to the price dropping which is evidenced by the markers being above the candles. This trend has been persistent for more than 24-hours.

The Chaikin Money Flow indicator shows the graph right at the axis, which still puts the cryptocurrency in the bullish zone. The fall from the top of the graph also indicates the money going out of the market due to the change in investor sentiments.

1 day:

https://ambcrypto.com/wp-content/uploads/2018/11/trx-1-day-3.jpg

The Tron one day graph shows the coin suffering an acute downtrend which has bought the price down from $0.0571 to $0.0231. The support for the cryptocurrency has been holding at $0.0182.

The Bollinger band shows the dominant sideways movement as indicated by the strict pipe like formation of the upper band and the lower band. Compared to the earlier breakouts, the currency Bollinger clouds have significantly reduced in size.

The Awesome Oscillator has shown a drastic reduction in the market momentum with the graph almost negligible now. The immediate green markers point to a hike in the momentum.

Conclusion:

The above-mentioned indicators majorly point to the current sideways price movement persisting. The Chaikin Money Flow indicators, on the other hand, shows a positive change in the investor sentiments.

Onward And Upward: Tron Partners NeoWorld

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If you consistently follow the crypto news, you would agree that Tron is doing all it can to make sure that the cryptocurrency emerges as the best coin. It has entered into several partnerships to ensure it sails to the top. The most significant news today is of a collaboration that it has established with a 3D virtual world company, NeoWorld.

In an official announcement by Tron founder and CEO Justin Sun via his Twitter account, he stated that the Tron foundation had entered a strategic partnership with NeoWorld. New Tron partner represents the first of its kind virtual world atmosphere.

What Tron Expects From The Partnership

NeoWorld involves more like playing the popular game Sims whereby the player has the opportunity to explore new frontiers as well as re-imagine their 3D reality. However, the only difference is that NeoWorld allows the users to build connections as they socialize through the NeoWorld virtual ecosystem, which is wholly based on the blockchain.

The cooperation between these two parties will mainly revolve around entering the NeoWorld, planning NeoWorld Exclusive Island as well as strengthening the cooperation within the community ecosystem. There are no further details issued yet on how NeoWorld Exclusive Island will benefit Tron foundation, but we’re well aware of what NeoWorld can offer, right?

For instance, it offers token economy, the creation of avatars to represent users in the virtual world, offers blockchain games, exploring virtual 3D frontiers, allows the player to build wealth successfully as well as create skylines.

Subsequently, all the users can create personal worlds as well as participate in the communication. Users can even organize elections and establish very own world whereby Ethereum-based tokens would help to serve the purpose of payment between trades as well as activities which players initiate by themselves.

Tron is on an onward and upward move on a daily basis, and the news of its partnership with NeoWorld is nothing short than an exciting topping for Tron fans – making it exciting times for Tronics (the TRX community as Justin Sun addresses them) altogether.

Since NeoWorld is the world’s first sandbox game, all looks great for the Sun-led blockchain project. Tron may not be there yet but things are shaping well for them and who knows what we may wake up to about Tron.

UPCOMING Tron Events

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Warren Buffet has a saying: Risk comes from not knowing what you are doing. If you want to be a good investor and minimize risk, it’s your job to gain as much knowledge as you can. Gaining knowledge about the market will often allow you to identify certain opportunities. These opportunities, if acted upon at the right time, have the potential to increase the value of your portfolio significantly.

We decided to highlight some valuable information through this article. Although this information is publicly available, we realize not all people have the necessary time to gather or keep track of it. The following represent in our opinion, the main upcoming events on the Tron Network within the next three months:

November 2018:

  • IGG 1:1 Airdrop – IGG has an upcoming 1 to 1 airdrop in November. This means that you will receive 1 IGG for every 1 IGG you hold. There will be a minimum IGG requirement for eligibility to this airdrop, which will be disclosed when appropriate.

IGG

  • TWX Partner Airdrop Celebration – A total of 6M Tokens will be rewarded in this airdrop. The requirements are a minimum of 50K TWX / 150K TWX / 200K TWX for each of the three airdrop phases.

tronwatch

  • TRONbet distribution of ANTE and dividends – On Nov 1st TRONbet will take a snapshot of everyone’s ANTE. Over the next 24 hours all ANTE will be automatically transferred to the corresponding wallets that hold ANTE. After that, the dividends will be paid accordingly.

ante

December 2018:

  • TronWallet P2P Exchange Beta/Pay – According to the TronWallet roadmap, a functioning version of the exchange will be launced in December. The P2P Exchange will boost the entire Tron ecosystem.
  • EGGIES beta launch – Eggies has prospects to launch a stable playable version of the game by the end of the year. Join them in the Telegram channel for the latest updates, pics and information.

eggies 1

January 2019:

  • Numex Exchange launch – 26 Tokens were voted to be listed on the Numex Exchange once it launches in January. Some of the tokens are from the Tron Network. Make sure to check if any of the tokens you hold will be listed on Numex.

  • niTRON Summit – This event will feature inspiring content from industry thought leaders and key community members. Unlock the vibrant world of the TRON ecosystem and all that is possible with blockchain through the power of TRON! Join the TRON community to fuel your mind and passion.

Top 5 Tokens On The Tron Network

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There are so many tokens, and so little TRX. If you’re a good investor, you are probably thinking and debating what tokens to buy next, before the big winter spike. Search no more! In this article we will cover the top 10 tokens on the Tron Network. These are, in our opinion, the tokens with the biggest potential to increase in value over the next few months. Investing in any of the tokens below is, however, not risk free. We urge you to do your own research and see if you come to the same conclusion as us.

SEEDS

1. SEED – The leader in all aspects on the Tron Network. SEED is Sesameseed’s token. Sesameseed is the Super Representative with the most votes. They created the Seedit Bot which serves as a medium for Tron Network token exchanges on Telegram. They also created the SeedGerminator, which is a funding accelerator for legitimate Tron DApps. SEED is the most liquid digital asset on the Network, has a clear use case and increases in value constantly and consistently due to the ecosystem created by the Sesameseed team.

igg22 1

2. IGG – A gaming token. Second most liquid asset on the Tron Network. It has a highly disruptive potential in the gaming market, which by the way, is kind of big. So big, that if IGG manages to capture just a small fraction of that market through partnerships, the price of IGG could skyrocket. The team behind the token is very professional and is currently working on a platform that would reform the way competitive gaming occurs in the esports landscape.

twm3. TronWatchMarket (TWM) – A token used on a decentralized exchange on the Tron Network, funded through Seed Germinator, which will allow you to trade any Tron token safely and securely. TWM will be used similar to the BNB token. It will serve to reduce fees or eliminate them entirely for life. Liquidity and demand for this token is not yet very high, but once the exchange will open, the price for TWM will most likely increase because of its utility.

eggies4. EGG – This is a token required to play the game Eggies which was funded through the SeedGermaniator. The value of EGG is currently set at a fixed price by the game creators, while on the market its price is under the ICO price. However, the price will most likely increase once the game is released and rewards start to hit the players. Besides the EGG tokens, this game will also have SEED EGG, EGGUITY and partner food tokens which will also probably increase in value once the game is live.

pop5. Poppy –Tokens which represent equity. Poppy aims to lower the barrier to entry for retailers wishing to enter the crypto payment space by creating an application to accept TRX and other Tron tokens using existing POS systems. Poppy tokens entitle the holding account dividends to be distributed by Sesameseed as SEED tokens monthly. So each Poppy token holder will receive a part of the company’s profits.