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Tron’s Tronix (TRX) and mass adoption

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Tron has kept advancing at a very fast pace. It’s barely a year old and it’s already released a developer’s toolkit and an accelerator competition that will help quicken the availability of dApps in Tron’s network.

Tom Mao, one of Tron foundation executives, in charge of technical division and writing, recently told CodeXpert that Tron has found a way to solve the scalability problems that have plagued Ethereum and Bitcoin. Those two cryptocurrencies have a massive consensus protocol system that makes them very energy intensive and has centralized the mining activity in a few, powerful hands.

“So what Tron does, what it brings to the table that’s different from Bitcoin and Ethereum – especially different from Ethereum – is that it’s essentially using a very unique delegated proof of stake system where TRX holders have the right to vote for Super Representatives who they feel the best help with the Tron ecosystem and widespread adoption of TRX. So that helps to really democratize and decentralize the power – as opposed to the mining cartels – down to basically you and I who can buy TRX and exercise our voting rights.”

Tron executive added,

“There’s a process to apply to be a Super Representative Candidate (SRC) and the role of a Super Representative (SR) is to produce blocks for the Tron network. But what they really do is they’re trying to help spread widespread adoption of TRX. Make people aware of Tron and TRX. And then also hopefully sponsor projects that create DApps in which TRX is used and adopted.”

Talking about the Tron SRs, Tom said,

“The top 27 Super Representative Candidates become Super Representatives, and the elections are held every six hours.”

Mr. Mao also detailed the recent technical developments, explaining how exciting they are for the Tron community’s growth. He specifically included four major toolkits for coders. Tronbox, Tronstudio, Trongrid, and Tronweb. What are those? Keep reading!

YouTube video

Tronbox is a framework that allows developers to integrate dApps into the Tron network; Tron studio is an IDE for compiling, testing and deploying smart contracts; Trongrid is a load-balanced API service that allows you to access the Tron blockchain; Tronweb is a colossal API call library that allows for integration with Javascript, Python, and PHP.

He also invited developers to bring their Ethereum dApps into Tron and explained why it’s a good idea in terms of incentives.

Justin Sun, Tron’s founder and CEO has also expressed his interest in having Ethereum projects adopt the Tron blockchain and he explained why: it’s a better network. Cheaper, safer, faster. And some crucial projects (Everdragons, for instance) are taking the invitation seriously and moving to Tron.

Tron has always held the promise to be the definitive Ethereum killer. It hasn’t delivered on that yet, but it’s delivered on everything else so don’t be surprised if, sooner or later, Ethereum loses its developers and users to Tron. Remember that even Tron used to be an Ethereum project that chose to become independent because of all of the problems that have been plaguing Ethereum over months now.

Image courtesy of Pixabay.

Transaction fees: Tron vs. Ethereum vs. POA

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The days in which Bitcoin was the world’s only blockchain are long gone. There are hundreds of digital assets right now, and each one is a different blockchain, even if some are not 100% independent than others (for instance, many coins are based on Ethereum’s ETH20 technology, some others on Tron’s TRC20).

So the panorama can be confusing because it takes quite a bit of technical knowledge to understand exactly how each blockchain differs from others (especially when it comes to the consensus protocols). But one question still lingers in every user’s mind: how much will my transactions cost? We’ll endeavor to explain to you exactly that in this article.

Transaction fees: Why do we need them?

A blockchain is comprised of lots of independent nodes working in tandem and reaching consensus according to each network’s protocol. Independence is critical here because it implies that there must be some kind of incentive for those who run and support a node. That incentive usually comes in the form of tokens which come, at least in some proportion, from user transaction fees.

So we need the fees because that’s how we support every blockchain’s infrastructure. And that’s not cheap if you realize that Bitcoin alone is burning more electricity that some countries in Europe.

But that’s not all. Fees are useful also because they prevent users from wasting a network’s resources. For example, it’s not a good idea for hackers to try and do a DoS attack if they have to pay for every single request. So fees keep the network secure and available for significant projects.

So fees are not just an arbitrary thing, They matter a great deal. Now that we’ve (hopefully) persuaded you that fees are important (even good for you), let’s find out in some detail what is the deal offered by three of the most essential blockchain networks.

Ethereum

Ethereum is the first and quintessential second-generation blockchain. That means it created the first smart contract platform using the Proof of Work consensus protocol in which miners run the most important nodes. There are no limitations on the number of miners that can join the network.

They all compete between themselves to solve a mathematical problem (a cryptographic collision in a hash function that will create the next block). The miner who solves it first gets a reward for creating the next block. That needs specialized hardware and lots of power. So miners need to buy hardware and pay for their electricity which is why the rewards must be significant.

In the Ethereum environment, a transaction’s cost equals Gas times the gas price.

Gas: Ethereum needs to know the amount of computer power and storage it must provide to save and complete the transaction. That’s called “Gas.” If your transaction is a simple exchange of tokens, it will be cheap, but if you’re interacting with smart contracts and de dApps, it will be different.

And it could be tricky because the gas amount is computed only after the transaction is done. If you should want to know beforehand how much each of your transactions will cost you will need to ask the dApp provider how much the price has been in the past for similar operations.

Gas price: that’s how much you pay for every unit of gas/computing power, and it depends on your transaction. It’s paid in the native token (ETH in this case). Then miners rank pending transactions by price for blockchain inclusion. Miners get a better deal by processing higher gas prices, so more expensive transactions are completed sooner. The price changes all the time, and if you don’t choose it correctly, your transaction can be left in the Ether (no pun intended) for days.

There’s no doubt that Ethereum is a bonafide decentralized blockchain. But its protocol lacks scalability, and it can be very expensive, or slow, or both, especially when the network is loaded which happens often because of the most trivial reasons, such as betting games.

POA Network

PAO uses Proof of Authority (PoA) as a consensus protocol, hence the name. Unlike Ethereum, the number of miners is limited. Each validator (block producer) builds a block each time. This makes this chain light, efficient, and quick.

Fees are computed in POA using the same formula as Ethereum’s: it’s gas times a fixed price.

Gas: It’s the same definition as with Ethereum.

The difference between POA and Ethereum has nothing to do with the gas definition. The thing is that POA does all the tricks a decentralized blockchain can do while keeping things simpler. The PoA consensus allows for lower gas prices and for a straightforward transaction system. It’s designed to allow horizontal scalability, but not necessarily high loads.

Tron

Yet another consensus protocol for yet another blockchain. In this case, it’s called Delegated Proof of Stake (DPos), and it’s at Tron‘s blockchain’s heart. A limited number of privileged users (known as Super Representatives and elected by the community in a worldwide voting process) are the ones who create the blocks, one at a time. This design has allowed Tron’s blockchain one of the world’s fastest, safest, cheapest, and more reliable.

There are two ingredients needed to calculate Tron’s fees. They’re called Bandwidth and Energy. You take both of them and multiply it times a fixed price.

Bandwidth: this is the piece of the network (so to speak) needed to execute and save your transaction. The price is fixed (almost negligible) for simple financial transactions, but it can vary for dApps and smart contracts. But unlike Ethereum and POA, it can be easily calculated in advance if you just know the size (in bytes) your transactions needs.

Tron’s network allows for a bit of free bandwidth for everybody, roughly equivalent to 15 financial transactions.

Energy: The network needs a certain amount of power to compute and execute your transaction. That’s called “Energy.” If you’re asking for a simple transaction, then the Energy amount you need is zero. But smart contracts and dApps do need a bit of energy (just as Gas in Ethereum), and different transactions cost different amounts.

It’s not as straightforward as with Bandwidth because the SR knows the energy price only after the transaction is completed so, again, you need to have some idea of how previous, similar transactions, cost so you can know how much you’ll need to pay.

Freezing: this is Tron’s extra ingredient. If you freeze some of your Tronix coins, that will get you a bit of free Bandwidth, Energy, and also the ability to vote for SR’s which are often willing to reward voters with free tokens. The more coins you freeze, the more free transactions you get. Freezings also make the token scarcer, so it helps to drive its price up, so it ends up helping users, hodlers (if Tron has any) and SRs.

Tron’s system could seem quite a bit more complicated than the previous two. And it is. But it’s also faster, cheaper, it ensures a number of free transactions for all users.

Even if you overdo things and have to pay for transactions, it’s way cheaper than Ethereum or POA, and it also rewards SRs. Last but not least. These rewards facilitate vertical scalability in the network (unlike POA which is horizontal, or Ethereum, which is basically non-existing).

Image courtesy of Pixabay.

SEED token, Tronwallet DEX, new trading pairs: Tron on a roll

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In order to counter the much-asked questions and expectations, Tron (TRX), the 10th largest digital currency in the crypto-sphere, as anticipated, has decided to enrich Tronwallet by blending DEX (Tronwallet Decentralized Exchange) as one of the new upgrade included in the Tronwallet’s latest version.

In an announcement by the Tronwallet team, the update was made available to be downloaded globally, except some part of the world, where the giant tech guns, Apple and Google are working to ensure the availability of the application to the public.

In addition to this amazing news for the Sesameseed and Tronwallet communities, Tron (TRX) has also confirmed that they are introducing new trading pairs on the exchange (DEX) along with the induction of Seed token, which will also go down in those pairs.

In its release, Tronwallet’s team verified the induction of Seed token’s pair with Tronix (TRX/Seed), in conjunction with the pair of Tronwallet and Tronix (TRX/TRW). The team also gave a little glimpse at its future plans by mentioning that they are planning to make efforts towards introducing Tronwallet as a trading market, where alongside other new pairs, TWX/Seed pair will also be included.

The Tronwallet team, in its official issuance, admitted the fact that the DEX (Tronwallet Exchange) has similarity with Bancor Exchange to some extent concerning functions and style. That said, DEX Exchange brings some unique benefits to the community.

Let’s check out what those advantages are:

  • As Tron’s enthusiasts expected, it is user-friendly and easy to use, Tronwallet DEX will look familiar to Tronwallet as it will be sharing the same interface and style.
  • Crypto community no longer needs to worry about where to keep their savings, or patronage as many people usually surf more time than needed in researching about these little quirks. Tron (TRX) provide them the opportunity to store their assets at which they trust the most, Tronwallet.
  • TronWallet provides the opportunity to do trading without sharing your private key. By doing so, it also accomplishes to solve one of the major concerns of the community; they no longer need to expose their private keys.
  • It also guarantees zero discrepancies and mistakes during the exchange of funds. Tronwallet accommodates its community to trade inside their own wallet. No more copy/paste of website URLs, no more verifications needed for the route direction (whether it is going to the right place) since the exchange is happening right in your wallet.

Talking about some of the other latest achievements that Tron has had in the past couple of weeks, its listing at the renowned exchange MABex (South Asian trading Exchange) is a significant stride.

Also, the migration of the famous Ethereum based game, BitGuild, onto the Tron blockchain is a big success. Just today, the blockchain added three new trading pairs, BET/TRX, FUN/TRX, GOC/TRX, on its decentralized exchange, DEX. Looking at all the recent developments, it’d be safe to say that 10th best cryptocurrency is moving in the right direction.

Image courtesy of Pixabay.

Better Tron DEX, better trading: GOC is online!

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There’s a new cryptocurrency exchange platform specialized in TRC20 tokens (which are based on Tron’s blockchain). It’s called GOC, and it’s already online. It’s the first Tron-based decentralized exchange supporting TRC10 and TRC20 tokens.

The new platform launched on the 3rd of this month. It will allow users to exchange Tronix-based tokens paired against TRX. It also allows users to create their own tokens. This means that when TRC20 initial coin offerings become a thing, as ETH20 ICOs became in the Ethereum network, GOC will probably be the place that will hold them.

Tronscan, which is a website that functions as something of a control panel for Tron accounts, included a decentralized exchange system for the same kind of tokens in the beginning but those tokens have been slowly moving from Tronscan to GOC, so it’s expected that the latter will end up being the “official” Tron-token platform sooner rather than later.

The new website is very friendly but it charges transaction fees (0.2%), and that could open the way for the new Tron-based trading platform to appear in the market in the next few months.  On the other hand, GOC has no limits on the number of tokens you can trade in any given session, which is an advantage and allows for all these new tokens to be traded in higher values.

Some airdrops are on the menu, and they will start happening soon. Stay tuned in our website to find out the correct dates.

GOC is already listed by Cobo Wallet which is a mobile wallet designed to manage cryptocurrencies. It serves both institutional and retail clients. MathWallet is also supporting the DEX. It supports the TronLink plugin wallet just as Tronscan, which is probably the easier wallet to use since it’s just a free chrome extension you can use in any operating system to keep track of your TRX and other TRC20 tokens.

This development is important for Tron in particular and the cryptosphere in general because it’s another direct challenge to one of Ethereum’s strengths. As you probably know, Tron started as a project running on Ethereum’s network, where it stayed for half a year until it developed and launched its new main net.

Ever since it became an independent blockchain, it’s proven to perform way better than Ethereum in terms of speed, and also way cheaper because it doesn’t charge for gas (you do have to pay for energy and bandwidth, but that’s another story, and they’re relatively cheap). This has created the perception that Tron will end up being too attractive to current Ethereum users and developers to ignore, and that many of them will migrate their projects en masse. Justin Sun in person has expressed his interest to welcome the ETH refugees into Tron.

And now, with the new GOC online, that seems only more likely.

It’s an exciting time to watch Tron grow and develop as new things, and project come online every month, the platform keeps expanding and, slowly but surely, new decentralized applications are starting to appear in Tron’s network.

Last but not least, the token’s value is growing when compared to the rest of the market. Tron is already 10th by market capitalization, and it’s been quite solid as the bearish run has protracted for almost a year now. It overtook Cardano and Monero to reach the tenth spot, and its capitalization was as high as 1.01 billion only a few days ago.

Image courtesy of Pixabay.

Tron (TRX) looks strong in the top 10

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For a little while, it seemed like the crypto bears would go away and hibernate as Bitcoin (BTC) went back up to $4000 and its capitalization reached $130 billion last week. But that was just for a little while as the weekend saw the mother of all coins drop under $3,500.

So the trend is still bearish but even in this nearly catastrophic market, some cryptocurrencies are finding ways to outperform other assets and swim against the current. XRP has been a good example. But so is Tronix (TRX) now.

As we write this article, Tron is trading in green numbers (0.93%) which means it’s the best performing coin right now since everyone stands in red (including Tether) currently. The bears have been hugging Cardano’s Ada and Monero’s XMR quite hard, so Tron has overtaken the 10th spot by market capitalization. The achievement prompted Justin Sun, the project’s CEO and founder to express his joy via Twitter, as usual:

Tron has been reporting great news all year long, and the project has consistently met with every milestone in time. So it’s not such a big surprise to see it gain an advantage over other coins.

The new development will be the Tron Arcade. It will be a blockchain gaming fund meant to enable developers. Tron will spend $100 million during the next three years to incentivize the community’s game developers.

This month, the Tron foundation launched another initiative to quicken the dApp developing environment. It will spend a million dollars to inject some momentum into the app developing community.

Next month, the niTROn summit will be held in San Francisco, and it will feature many interesting guest speakers such as Kobe Bryant, the NBA legend, Sam Harrison, Managing Partner at Blockchain, Taehoon Kim, CEO of nWay, and Brian Wong, CEO of Kiip.

The Tonix/USD pair

The current support level is $0.0135, which the asset last visited about two weeks ago. Resistance is at $0.0152, and it’s moving steadily (with some fluctuations) in that direction. Moderate upward trends have been appearing over the last few hours, but it’s doubtful that it will go into a strong bullish zone any time soon.

Tron is becoming attractive to many investors as the whole market remains very bearish. So it’s gaining steadily as shown by the fact it’s now in the top ten. The RSI increased to 54.9, after being as low as 31.05. TRX’s trading range today is 0.013236 – 0.013634. It’s spent more time so far nearer to the higher level.

The Tron/BTC pair

Bitcoin remains very influential over Tron’s price because most exchanges in the world offer the coin paired against BTC and not against the Dollar or other fiat currencies.

The current Tron price is of 0.00000373 BTC. More importantly, despite Tron’s fluctuations against the dollar, it’s been gaining ground against Bitcoin most of the time for the last week.

Image courtesy of Pixabay.

Tron (TRX) surpasses 7 billion SR elections votes, what does it mean?

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Last Friday, December 7th, seven billion votes were cast in Tron’s Super Representative elections. It’s worth it to stop for a few minutes it’d take you to read this article and figure out why this is a meaningful thing.

Let’s start with the most obvious thing: these many votes mean that a lot of people have joined the Tron community and care enough about its internal organization scheme to actually take the time to cast a vote. Seven billion times.

In itself, it’s amazing because it speaks volumes about the success Tron’s had in recruiting an optimistic and caring community that is supporting the project and being bullish about the token. But there are other consequences and applications.

This huge number of votes increases the token’s price and value. Why? Because it increases scarcity. It’s on the way the voting mechanism works. To vote for a Super Representative (you can think of them as Tron’s Congress, kind of thing) you have to allow a freeze in your Tronix wallet for a given amount of time. So for every vote, there is a number of tokens that stay out of circulation for a while. That makes the Tronix token scarcer and, hence, more valuable.

According to some observers and commentators, as many as 10% of all circulating tokens are frozen because of the voting process, which is a huge number.

And there’s an additional implication. The Tron community trusts and loves the project. It’s probably the most loyal (even fanatical community) in the cryptosphere. It’s very passionate, and this matters a lot because developers and users are community members and they are the people who will promote mass adoption for Tron’s blockchain and coin and also develop decentralized apps that are going to bring about even more users and community members into the Tron network.

This is having an effect on the coin’s status already and helping Tron stand strong in front of the crypto storm. As we write this, Tronix is valued at $0.013308 which is still very cheap. It’s trading in small red numbers (at the tune of 3%).

But don’t let the asset’s reduced price fool you in any way. It’s growing very quickly, however cheap it can seem. Today it’s the tenth coin by market capitalization while it was twelfth only a few days ago. This asset is growing at a time in which every other asset (with very few exceptions) are losing ground, value, and capitalization.

Let’s also not forget that Tron is now the world’s largest decentralized network because it now includes BitTorrent. The full integration of BitTorrent into Tron’s blockchain is still pending (it’s called Project Atlas) but when it’s finally completed, it will turn TRX into a useful means of exchange (and value) among the 100 million BitTorrent users currently active in the world. There’s no way to predict how that development will change Tron’s status in the crypto verse but it will be very influential for sure.

Keep an eye on Tron’s news, price and new apps. It’s very ambitious, it has a very competent leadership with already proven credentials in the tech world, and it’s bound to acquire value sooner or later.

Image courtesy of Pixabay.

Is Tron (TRX) the new member in Robinhood’s merry band?

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As the year keeps nearing its end with all the bad news it gave to the cryptocurrency market, a few coins keep gathering good news despite the general environment. Tron is one of those projects. This time it comes from Robinhood. It’s a popular crypto trading app which doesn’t charge for commissions, and it recently flirted with the idea of including Tron as a listed digital asset.

Robinhood answered to a tweet in which it implied an interest to support a few new coins in the app. As a Robinhood user (which is still not available in all states) you can trade in Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Dogecoin (DOGE) and Ethereum Classic (ETC). But they want to add some more, and Tron could be at the top of the list.

Here’s the tweet (alongside the answer) at the root of all the speculation:

Robinhood’s tweet is really not that informative. They didn’t say which coins they’re considering seriously, let alone any kind of timelines. But, it seems clear that it is quite serious about expanding the app’s ability to deal with several other assets.

Robinhood is a very young company that got started only this year, and it’s become quite popular among retail investors. This is no small feat as retail investors dominate the crypto markets since institutional money has been reluctant to come into crypto.

The platform is trying hard not to follow in Coinbase’s steps, which is often criticized because of the limited choice it offers to users, so it’s been trying to include more assets as quickly as possible. And people in the Australian region use more Swyftx as compared to Coinbase for buying and selling Bitcoin, Ethereum, Tron, and other cryptos.

It started in just a few states in the US but it’s been opening up to new investors steadily so it’s now available in several states: Alaska, Arkansas, California, Arizona, Colorado, Florida, Illinois, Iowa, Georgia, Indiana, Massachusetts, Michigan, Mississippi, Missouri, Montana, North Dakota, Ohio, New Jersey, New Mexico, Pennsylvania, Rhode Island, Oklahoma, Texas, Utah, South Dakota, Tennessee, Wisconsin, Virginia, and Wyoming.

As we write this, coinmarketcap.com reports a trading price of USD 0.013425 for Tronix, and it’s trading in small red numbers. But you shouldn’t let those red numbers fool you. TRX is already the tenth coin by market capitalization (it was 12th only a few days ago) which means the market is interested and making it grow, even in the current bearish climate.

Tron has an incredibly supportive community and a leadership that has delivered on every promise timely, always. It’s very ambitious, and the token’s price has remained very cheap because it’s usually paired against Bitcoin (as opposed to local fiat currencies) which has held it back.

We, as many observers in crypto, are quite confident about Tron as a project and as a digital asset that will bring about a new generation of successful investors in a future that is not very far away from the present. It seems Robinhood shares our views in this regard.

Image courtesy of Pixabay.

Beginners’ Guide to Success in Digital Assets Investments

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       HOW TO REDUCE RISK WHILE INVESTING IN DIGITAL ASSETS

A quick checklist for beginners’ Investing in any asset class requires an understanding of certain principles and practices to help meet your goals. Digital assets are a new asset class in it of itself, so on that not, here are my Top 11 principals for Digital Asset Investments.

1. Learn: This is fundamentally the most important principle, as without this everything else fails. Make sure before you venture out into investment domain you are well equipped with at least the basics. Learn basic Technical Analysis (TA), how to read charts and follow patterns. Invest some time to learn the tools/indicators for market prediction like RSI, Bollinger Bands, Moving Averages etc. My personal favorite is Elliot Wave (an age-old principle that’s also a favorite of Warren Buffett).Also ensure you DYOR of the project you plan to invest in (Study about – Product Use-case, the team behind the project, the market size, competition available, the strength of the sub-teams i.e  Product development, Marketing, Legal, Advisory, Customer support etc)

2. Set Goals: A lot of people fail in investments as they do not set goals, hence don’t know when to exit.
Set 3 kinds Goals:
A. Short Term – To meet your day to day expenses.
B. Mid Term – To achieve lifestyle goals like Car, Vacation, Luxury products etc.
C. LongTerm – Financial freedom (creating cash flow which can suffice the needs for rest of your life),and enough wealth to purcahse big ticket items such as a dream home or luxury vehicle.

3. Diversify: The basic principle of ‘Never put all your eggs in a single basket’ is essential. Never bank on just 1-2 coins, identify 8-10 good projects and diversify your exposure(thus minimizing your risk of project failure as well).

4. Book Profit: It’s only a gain if you close out the trade. It is Important for short term trades to learn how to ride waves (read Elliot Wave theory. Trading view also provides many charts for the same).

5. Law of Averages: It is important to learn ratios and know that more often than not they work. No strategy will work 100% of the time. For example, if you are using RSI as a tool give it 10-15 trades for the averages to work in your favor. In addition to paying attention to the percentage of times a strategy works, also be attentive to the profit and loss for each trade. If a strategy works 50% of the time, but the wining
50% of trades book $100, and the losing 50% of the trades lose $25, this is a winning strategy. Likewise,there are cases where most trades can be profitable – but the strategy still loses money overall as major losses exceed the dollar value of minor wins.

6. Set StopLoss: Another important step towards risk management is risk mitigation; learning about setting StopLoss triggers can go a long way in that aspect. Take emotion out of trading, and define when you’re willing to exit a trade.

7. Don’t be emotional: After Knowledge this is perhaps the 2nd most important principle to follow. Getting emotional in investing can be disastrous. Avoid FOMO (emotional surge of Fear Of Missing Out), Panic selling. Avoid making the mistake of looking at price charts every hour when you know you are far away from your set goal and then selling at loss in a bear market. Patience is a virtue which is required
especially in a bear market. Remember, you are at a loss only if you sell your assets at a loss, learn to HODL (Hold on to your Dear Life), unless your thesis on a coin changes.

8. Create Residual Income: Digital Assets provides ample opportunities to create Residual income where your money creates a passive cash flow for you. Plan and gradually increase your investment to such a level that the residual income output you get meets your goals. To start with you can park a portion of
your portfolio to POS coins or allocate for rewards (like Freezing TRX for Super Representative rewards).Then you can upgrade to set up a few MasterNodes. Finally, if you gain expertise setup your own mining rigs. Let the power of compounding work on it!

9. Don’t Speculate/Be Greedy: Understand that you are investing here, not gambling ..for gambling you have Casinos 😉 . Thinking of becoming overnight millionaire is the quickest path to failure as you set wrong expectations from yourself and with the market. As the Saying goes ‘Rome was not built in a Day’ the same holds good for investments in Digital assets as well. Have Patience!!

10. Leverage correctly: Leveraging is a powerful tool if utilized correctly and within safe limits, else it can backfire drastically. Leverage Bank’s Money/Trades only to the limit for which you have cash to cover in case of the trade going wrong. Advisable not to use it if you are very new to the market.

11. Trust chart and not your feelings: The digital asset market currently has many manipulators who try to play with your feeling (through media articles, news, pumps&dumps etc), you win if you have a strong hand and rather than going by other’s random advise you believe and follow the charts. Rather try and find a GURU/Coach who can act as your guiding light.
You are in Digital Assets market which is just about 10 years old; hence we all are the early adaptors.Play it by the book, play it safe and smart! There are rich dividends to be reaped in years to come. Happy
trading and investing.

Regards,
Debasish Das.
Telegram – @deba215
Twitter – @deba215
Email – debasish.das215@gmail.com

Crypto market game changers for 2019 Q1

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As you surely know already the current year has been a carnage for the cryptocurrency markets. Since last December’s mania phase, things have been going steadily down, and mid-November was even worse.

But if you know that, you also know that these fluctuations have happened before in crypto and, every time, the market comes back with a vengeance. It’s only a matter of time before a new bullish run hits the market and prices soar. When will that happen? We don’t really know, but it could be on next year’s Q1, and it could happen because of the developments we’ll detail for you in this article.

Nasdaq, Fidelity, and ErisX

Most of the cryptocurrency market is supported by retail investors simply because institutional investors (like Wall Street) have been distrustful of Bitcoin and the cryptosphere from the very beginning, so they’ve kept themselves away.

But the next bullish run could be supported by money injected by institutional players, and here’s one example. Nasdaq and Fidelity, who are giant financial players in the traditional financial markets are working together to launch and support a new crypto exchange (which would be designed precisely to be Wall-Street friendly) called ErisX.

“With increasing financial support from leading-edge firms, ErisX stands to provide the most robust, secure and regulated digital asset offering available to both institutional and individual participants,” according to Thomas Chiapas, the company’s CEO. “Closing this second round of funding enables us to continue building our modern platform and expand our team.”

If Wall Street really starts to take crypto seriously, it will be time to buy.

Bakkt

What is there in common between Microsoft and Starbuck’s beside the fact they’re super rich, dominant in their markets, and based out of Seattle? Well, the answer now is crypto.

Microsoft is joining forces with Starbucks and ICE (the company that owns and operates the New York Stock Exchange and many others in the world) to create Bakkt, which will be a digital platform that will provide financial services for end-users based on digital assets and blockchain technology.

This is not just about paying your espresso using Bitcoin (though it is also about that). It’s about institutional money entering abundantly the cryptomarkets thus reflecting confidence, creating demand for tokens, increasing trade volumes and, in general, making life better for retail investors as well.

The partnership is already announced and the new company will go online soon with a credibility that no other blockchain project can match (except for IBM since it partnered up with Stellar Lumens).

And that’s just the beginning

Bakkt and ErisX are just the most spectacular examples of things to come in crypto in the short term. But there’s a lot more in the works. Goldman Sachs and JPMorgan have been considering to enter crypto for months, and they will. They’ll also bring institutional money that will pump things up. Swiss financial institutions are also interested as well as a list of important South Korean investors.

So while there is no doubt that the market remains bullish, things are about to change because the big boys in finance are getting ready to jump in. Pay attention to that news, as they will probably signal the beginning of a new bullish run that will outperform all others.

Image courtesy of Pixabay.

BeatzCoin Begins Tron Super Rep Campaign!

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Changing the landscape of the music industry is a huge undertaking, but it is one that can bring mass adoption into the crypto space and help with Justin Sun’s mission of decentralizing the internet. By voting for BeatzCoin as an SR, you will be helping us with that mission.

The following is a detailed road map of our SR campaign and how your votes will not only earn you extra TRX and BeatzCoin but also assist in the future success of Vibravid & BeatzCoin which in turn will bring the needed shift with Artist and content creators.

Phase 1 – Becoming an SR and celebrating the accomplishment.

– Until January 31st we will be giving 100% TRX rewards and 100% BTZC rewards to our voters. This means for every TRX you earn you will get 5 BTZC. Once we reach the top 27, those rewards become significantly higher.

Upon reaching the top 27, we will take a snapshot of our loyal voters who started with us and reward all of them with an airdrop of BTZC*. (*Amount of AirDrop TBD)

Phase 2 – Taking the Vibravid platform a step ahead.

– At this time our reward structure will change to 50% TRX and 100% Btzc.

Our beta version of Vibravid will be launched by then, and the rewards we earn will be put back into developing the platform and brand. It’s imperative to understand that community driven projects need funds to grow and flourish.

With the current price of TRX, it’s important to realize that the growth of Vibravid will be much more rewarding than chasing pennies with voting rewards. Because lets be honest… that’s exactly what you are doing if you are moving your votes for 100% TRX rewards.

*if there is any significant move to the price of TRX we will always have the community in mind and make needed changes to the reward structure that benefits everyone*

  •  Reward funds will be used for:
    * Technology development
    * Artist endorsements
    * Funding music projects (such as videos/promos/albums)
    * Marketing promotions

Phase 3 – Continued community growth and rewarding the loyal voters and incorporation of LONE token

  •  50% TRX 50% BTZC 10% LONE
  • + BeatzCoin loyalty rewards (+50% bonus to those who maintain 100K + BeatzCoin)

WhatsApp Image 2018 12 06 at 10.06.17 PM

Keep in mind that compared to many other coins, our supply is pretty low (3 billion MAX SUPPLY). When we start to reach our goal of mass adoption the supply will seem relatively low for a widely used Audio/Video platform. That is why we might decrease the BTZC bonus since we expect its value to climb significantly. It will give us more flexibility to reinvest in the Tech and Brand.

Info on LONE token:
The L1 Crew, the distributor of the LONE coin, is heavily involved in supporting developer projects, artists, as well as limited brick and mortar establishments through token purchases and direct funding. As a holder of the LONE coin, you are supporting a multitude of projects and stand to reap the benefits when the projects come to fruition.
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Returns
The LONE coin shares. When profits or rewards are available, airdrops will occur. The success of the investment will determine the frequency and amount.
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Security
The LONE coin is not given freely. Any airdropped or bonus LONE coin was paid for in full by the distributing party.

Please keep in mind that this is not set in stone. Our team is very dedicated to TRON and the Community. We realize that without you we wouldn’t be in the position we are. Therefore, we are always willing to hear out the community if circumstances change and a revision needs to be made to our reward structure.

Our goal is to be a firm pillar in the Tron network indefinitely and be along the likes of great community SR’s such as Sesameseed and Tron Spark. We understand the ultimate goal and will try our best to balance the best interest of TRON, Vibravid and the community.

Thank you, everyone, for your support! I look forward to keeping in touch with many of you in the Tron Community. Please check out the official Beatzcoin Podcast at www.blubrry.com/BeatzCoin where we talk about Tron, Crypto, and Music!

Sincerely,

Alex Guerra and the BeatzCoin Team