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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.

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.
————————-
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.
————————–
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

Tron (TRX) shows up at one of the biggest universities in China, PKU

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Peking University (PKU) is one of the most important and prestigious universities in China, a country that has invested great amounts of money in improving its university system. A few days ago, it held an event sponsored by Tron called “TRON to The Future, Blockchain Technology and Ecosystem” co-organized by DOGI which is a global blockchain game crowd-funded incubator platform. More than 200 students attended the event and received it sympathetically.

The current year has been contrasting for the crypto community. The market has been a nightmare. And nevertheless, the blockchain industry has grown more than any other year in its young history. Adoption is near for many currencies.

But most of the public remains unaware of the technology and its consequences and implications. That’s why Tron held this event at Pekin University. Mass adoption will never happen before mass awareness, and these kind of events are all about bridging that gap.

Many of the blockchain’s industry’s opinion leaders showed up to share their visions for the future and the blockchain’s possibilities. Among these personalities were: Cong Li, TRON’s developer community VP; Yongquan Xiao, founder of DOGI, a global blockchain game crowd-selling platform; Binsheng Wang, special-term tutor for finance at the Graduate School of the Chinese Academy of Social Sciences; Quan Li, partner of Evolution Capital; Yufei Ding from Huobi Research Institute; Xiao Wu, the producer of Cell Evolution; and the blockchain research team of Peking University — Junyan Chen, a 2007-class PhD student, as well as Kunpeng Ren, a Master student and lead of blockchain research group at Peking University.

Tron’s VP for the developer community, Mr. Cong Li, explained the unique features developers can find in Tron’s ecosystem and talked as well about the project’s development history.

Mr. Li also talked about Tron’s Project Atlas which is all about the way in which the BitTorrent network (the world’s largest decentralized P2P network) will be integrated into Tron’s blockchain. He was very clear in that the average BitTorrent user will be greatly benefited as BT joins the blockchain.

Also at the event was Binsheng Wang who serves as a special-term tutor for the Graduate School of the Chinese Academy of Social Sciences. He talked about the social changes that the investment logic in the blockchain market can bring about.

He said that the outbreak of blockchain campaigns in the contemporary world in which we are entering an “era where information transmission requires almost 0 cost”, “the popularity of blockchain has transformed the traditional information Internet into a valued Internet.”

Empowerment was also at the heart of Yongquan Xiao’s presentation, as DOGI’s director for blockchain games “blockchain has established a set of stable and transparent rules. The rules themselves set up concrete constraints on the number of items in the game, the production mechanism, the growth mechanism of players and the gameplay mechanism.

These rules are becoming the rules that players can truly trust and rely on.” DOGI is always practicing and exploring innovative methods as a blockchain game crowd-selling platform. It’s evolving and finding a balance between domestic and foreign game projects.

Then came the time for a roundtable. The participants were Felix Li (Tron’s ecosystem director), Quan Li (Evolution Capital), Ran Wei (8 Decimal capital) and Yufei Ding (Huobi Research Institute). They talked about reshaping the blockchain’s applications and value.

The second half focused on practical applications. Xiao Wu, who is a very well-known blockchain game developer, used “Cell Evolution,” his first work, and Tron’s first dApp (called “The last Trip”) as examples on blockchain games that are both spirited and games.

A Ph.D. student at the university, Junyan Chen, talked about other innovative options for the blockchain (slide-chain and pan-blockchain ecosystems). Another student, Kunpeng Ren, shared his thoughts about the public chain dApp development.

As the event finished, Tron announced a $100 investment in the next three years to bring momentum into the development of blockchain games. Tron’s contest for decentralized application developments officially started a couple of days ago, and it will be open until next January 9th.

Image courtesy of Pixabay.

The Bitcoin Oracle has spoken: Crypto winter is here

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Vinny Lingham is a cryptocurrency expert, especially when it comes to Bitcoin. He became involved with it five years ago after a long and successful entrepreneurial career in his native South Africa.

He’s been founder and CEO of several projects. Civic, Gyft (sold to First Data Corp), SilconCape (an initiative to turn Cape Town into a tech hub), and incuBeta. He was considered one of the world’s top 500 CEO’s in 2015. And, yes, he’s got credibility when it comes to Bitcoin as he sits in the Bitcoin’s Foundation board.

Fast Money, a CNBC show calls Mr. Lingham “The Bitcoin Oracle” and interviews him occasionally to gain insight into the cryptocurrency market. The latest interview happened just yesterday. The show’s anchor asked Mr. Lingham for his opinion about the current market conditions for Bitcoin and future prospects.

Mr. Lingham was very clear and to the point. He said he expects Bitcoin to remain bouncing between the $3k and $3.5k levels for a few more months. But if no bull run materializes in about six months and the coin remains stuck, then it will break the $3k support level to go downwards.

He explained further that a problem in the current market is that too many investors are guided by price instead of paying attention to the fundamentals, and that’s what’s been driving the price down.

In Mr. Lingham’s view, Bitcoin is not ready to be a means to store wealth. That’s painfully clear to anybody who bought bitcoins when the price was above USD 10,000. On the other hand, Bitcoin is a very successful payment network that is moving almost as much money as MasterCard on a daily basis.

On reasons to be positive, the Bitcoin Oracle was rather scant. He believes Bitcoin to be too much of a risk as things stand. The great risk is the only way to rip great rewards, as he pointed out, but he was very clear in that it would be so much safer to buy bitcoins when the level goes back up to USD 6,000.

While we don’t believe that this, or any other expert, is an actual Oracle, we do agree with some of his points. The cryptocurrency market would surely be better off if the fundamental analysis was used more than technical analysis.

In other words, if crypto enthusiasts were more interested in coins with real value instead of following speculative trends to make quick money. Let’s remember that Bitcoin is still the same whether the price is high or low. The price doesn’t change its usefulness and value, and the same goes for every cryptocurrency.

As we probably mentioned in this site many times already, Bitcoin, XRP, Tron, XLM, ETN, and a few other digital assets are slowly but surely showing the planet that some real-world problems have no better solution than cryptocurrencies and blockchain technologies. That is making the assets useful in many ways; it’s giving them a competitive advantage which will lead to mass adoption as time keeps progressing.

Adoption will change the game for everybody because those few useful coins will have great demand, and the market price will respond to value in the real world and realistic economic forces instead of sheer speculation, which is the main force behind the current market. But until that happens, winter is here indeed.

Image courtesy of Pixabay.

Zebitex adopts Ripple’s XRP paired against the Euro

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Zebitex is a French cryptocurrency exchange based in Toulouse. It’s the most important French digital exchange and it’s prioritized to offer several crypto coins paired against the Euro. It’s latest digital asset offered in a Euro pairing is none other than Ripple’s XRP.

Among the cryptocurrencies offered by this platform are Bitcoin, Ethereum, Litecoin, and Monero.

This platform has been involved in crypto since 2014 (which is a very long time by cryptosphere standards), it sells itself as a very secure environment (protected against DDoS attacks, full data encryption, compliant with PCI DSS standards), it supports cold wallet systems, it has a competitive commissions model (simple, transparent, no extra management fees), advanced charting tools so you can use all that technical analysis you’ve learned since you bought your first altcoin, and good customer support (fast and friendly).

This is a good development for Ripple’s XRP. It’s the first time that XRP will be available for crypto investors directly through the Euro fiat currency. XRP has become increasingly available in local fiat currencies the world over (Indian Rupees, Canadian Dollars, US Dollars, and now Euros).

XRP is becoming a very strong coin in terms of profitability, stability, and value. It beat the legendary Ethereum token for the second spot in terms of market capitalization and it’s the one token that’s remained relatively stable when most others have been losing value at insane rates. Why is that?

It’s because XRP is useful. Ripple’s fought very hard for XRP’s main use case to be successful. That use case is using XRP as a mediating coin that banks and remittances services can use to settle international transfers.

That’s been Ripple’s game all along, and it caused it to be quite unpopular in the cryptoverse. Why? The whole point in Bitcoin (and in cryptocurrencies, in general) according to the mythical cyber-hero, Satoshi Nakamoto, is to get rid of fiat currencies and the traditional financial system.

Ripple is trying to use its currency (XRP) and its blockchain technology to help it instead of destroying it. That’s anathema regarding Satoshi’s original intention. But it’s working in terms of usefulness and it’s rendering the token stable.

XRP was last year’s most profitable coin, it outdid even Bitcoin. After last December, it’s the one coin that’s held its ground in a market that’s been seriously dominated by an intense and protracted bearish run. Over the last eleven months, most coins have had losses that need two figures to be written while XRP has resisted at single digits. It’s even managed to grow compared to the rest.

Zebitex’s decision to list XRP paired against the Euro is meaningful because it’s the first time that this coin is going to be directly available in Western Europe using the local fiat currency. The new pairing lines up with Zebitex’s priority to offer several coins using the Euro, but also with Ripple’s which is always looking to find new markets and use cases for the XRP currency.

The new development will create additional trading volume for XRP in a market that was more or less virgin until now. That will pump up the coin’s prices and stability.

Image courtesy of Pixabay.

Tron (TRX): Predictions in cryptocurrencies for next year

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The cryptocurrency sector changes very quickly and next year it will be no different. It’s been dominated almost completely by speculative forces but, it’s slowly maturing and at some point in the future, the fundamentals of a crypto coin will become more important in determining value than sheer speculation. Some digital assets will manage this transition better than others. The two factors that will facilitate that will be adoption and usefulness.

In the investor’s view, a business is typically valued in terms of some very time-honored methods such as price to earnings or price to book ratios, PEG calculations, and dividend yields. But you can’t apply these formulas directly to the cryptosphere.

Cryptocurrencies are new assets that are not even ten years old and that, as such, they need new tools to assess their value. But those tools are only starting to come into existence. This has created confusion among investors who don’t know how to estimate a coin’s value. That’s one of the main reasons behind the market’s wild volatility.

In this article, we will explain to you the fundamentals of a rather new blockchain 3.0 project called Tron. It’s barely a year old, but it’s already one of the stars in the cryptoverse. We’ve chosen Tron because it’s solid in its fundamentals, so it has a very good chance to become valuable in the future. We’re not trying to persuade you to invest in Tron or to buy TRX tokens, just to keep it in in your watch list.

The Tron Blockchain: Turning the page

The Tron network includes a native token called Tronix (TRX). It’s one of the most controversial subjects in the crypto world. The fans think that it’s a revolutionary force that will change the internet (especially the web) for good.

Detractors, on the other hand, are quite skeptic and give all the merit in the project’s market value to adept PR and marketing. You’ll have a very hard time finding a balanced, dispassionate analysis of Tron, but that’s what we’ll try to give you.

The protracted bearish run that has plagued the crypto market for more than eleven months now is an opportunity for the new players, like Tron. Tokens like TRX have a chance to drive the market’s next bullish run because of their intrinsic fundamental value instead of speculation.

A viable use case for the Tron foundation is soon to be launched in the forms of the monetized torrent protocol, an eager community that is confident about the project’s future, a brand new smart-contract that allows for the development and deployment of decentralized apps, TRC-20 tokens, and ICOs. Tron’s backers come to the table with a wealth of lessons learned from other blockchain projects and a host of new tools that will make all the difference when the bears in the market finally go to hibernate.

A tale of Tron

Tron’s highest price happened this year, in early January. It’s fallen by about 96% since then and it’s currently trading at $0.014. As it often happens in the market, the fall hasn’t been straightforward but rather sinuous with many highs and lows.

TRX went from $0.028 to $0.045 between 19/03 and 26/03 (60% increment). That rise happened because the project’s final testnet (called Odyssey) was launched and it created lots of excitement and expectations as the community anticipated the Main Net’s arrival in May. The buying pressure we saw during that period ratified the community’s trust in the timely delivery of the new Main Net (which was exactly what happened). When the brand new net came online, the price rose from 0.03 to 0.092 in a single day

By creating an autonomous Main Net, Tron left the Ethereum blockchain and moved to its own which had been on the works for more than a year. It followed Ethereum’s example by adopting the open-source philosophy that is easier to improve by community involvement. It also accumulated a juicy war chest to hire developers and buy decentralized projects that could extend its capacities.

A lot of hype surrounded the launch. The project’s charismatic and maverick leader, Justin Sun did his part to create expectations and several other crypto social media influencers helped as well. They managed to make believers out of many crypto enthusiasts. Suddenly it became clear for some that Tron’s platform could really give Ethereum a run for its money as the cryosphere’s network of choice when it comes to smart contracts and decentralized apps.

Other factors also intensified the hype and speculation. Tron was among the first few well-funded projects that went away from the Ethereum network and the ERC-20 token standard (EOS did the same, more or less at the same time). The lack of precedents for this scenario added interest.

The “The Ethereum killer” thing died out rather quickly. About a week before the main net’s release, the bears visited the TRX market. The price is yet to recover from that.

“Build something great and they will come” is something of an ethos that rings true in the technology industry. Tron’s strategy (and that of many other players in the blockchain) would be better conveyed by a phrase like “make them come, and let them wait while we build something great”

But the market isn’t waiting and it’s been driving TRX market capitalization down since last May.

The case for Tron (TRX) in 2019

Tron’s blockchain is in a transition period. It’s finding its way to become a legitimate cryptographic asset platform, but it’s struggling and it’s not walking very gracefully towards that goal. On the other hand, it boasts a number of formidable projects in the works that hold a potential to be like nothing seen before in crypto.

Project Atlas is one of those projects, probably the most interesting one. It’s about bringing the BitTorrent decentralized network (the planet’s biggest decentralized network with 45 million daily active users, and 170 active users monthly) into Tron’s blockchain. The move became possible after Tron bought BitTorrent last June. Only a few BitTorrent’s users will be aware of or interact directly with the Tron network, but sudden access to such a gargantuan pool of potential users is nothing to sneer at.

The main feature in Project Atlas is expected to be a TRX reward program for BitTorrent seeders. In BitTorrent “seeding” happens when a user that has successfully downloaded a file from the network keeps it available for other users to download. This maintains the network active because, being a P2P protocol, there is no central server from which users can download content.

As things stand right now in BitTorrent, there’s no reason for sacrificing bandwidth by seeding other than altruism or a libertarian sensibility. An incentive system based in TRX, seeders will be literally paid in altcoins to host their content for longer periods of time. Theoretically, that would improve the torrent network functionality as more content will be available and seeders will be happier.

The BitTorrent protocol allows to upload and download of all kinds of files, especially of large media files (audio and video) and it’s already a decentralized network. In this regard, it lines up very well with Tron’s mission which is to use blockchain technology to decentralize the web so a global free content entertainment system substitutes the current central authorities in the online entertainment industry.

BitTorrent includes a brand new web platform that allows for partial video and audio files to be played while they’re still downloading. Yesterday, the company started to accept digital assets (TRX, BTC, and BNB) as a means of payment for their premium software. That boosted the TRX price by around 30% in less than a day.

BitTorrent’s transformation into one of Tron’s decentralized apps that includes token rewards for seeders will be a huge milestone for Tron. But no date has been announced for Project Atlas to come online yet.

A different (and very publicized) use case for TRX is its adoption by PornHub, one of the globe’s largest providers of adult entertainment content. The video platform is now accepting TRX tokens as payment for its premium services. This is another huge pool of potential users as the site was visited 28.5 billion times last year. PornHub’s monthly membership is at 832 TRX which is about $10 USD.

But there’s a catch for both the BitTorrent and the PornHub use cases. Most of the content in both networks is free, so either paying for the premium membership or getting TRX for seeding is hardly going to attract too many users.

Only 1% out of $81.5 million daily users visit PornHub’s premium section, according to the website’s own data. Only a fraction of that one percent are new subscribers and even fewer will be willing (or able) to pay with TRX or Zen (the other crypto payment option supported by Pornhub). That being said, the partnership has brought Tron closer to the mainstream.

Partnerships and community

Tron is attaching itself to well-known brands, organizations, and individuals. Kobe Bryant, the NBA superstar player, will be the keynote speaker at niTRON, the project’s annual conference which will take place next January in San Francisco.

A basketball player is maybe not the most intuitive choice for a blockchain conference, but Byant is not your run-of-the-mill star athlete. He is a partner at Bryant Stibel, a venture capital firm with a strong interest in technology ventures. Among those ventures, there are sports websites, sales platforms, and mobile game publishers, to name just a few.

So Mr. Bryant is indeed experienced in investment strategies and fund management, so chances are that the keynote will be substantial and not just all about PR. And yet, PR will be Tron’s main achievement as it will create buzz and attention from the mainstream (and from crypto) by securing a household name like Kobe Bryant.

Ripple tried something similar at their last Swell conference by having former US President Bill Clinton delivering the event’s keynote last October.

The excitement surrounding the event, together with upgrades to Ripple’s xRapid platform made XRP rise in price. It happened while the cryptocurrency market was relatively quiet, and it made XRP stand out very clearly.

In the cryptocurrency market’s short history (it will be ten years old next January), good marketing and public relations have a proven track record as tools that create buying interest among retail investors. Yes, that’s somehow childish and the market would be better off if most retail investors were experts chasing value. But things are what they are, and retail investors are more important in crypto than in most other industries because institutional investors remain very reluctant to join the cryptosphere. That is why Justin Sun’s masterful marketing tactics have created a lot of noise and had given Tron’s price much of its past momentum.

The retail effect is intensified in the periods of high volatility in which speculative pressure is the main force behind changes in price at the exchanges that support TRX.

Tron’s historical data reveals that the project’s Github activity is not exactly great. On the other hand, it has a very strong presence in all social media where it’s been able to attract lots of followers very easily. The Tron Foundation alone has 353,106 followers alone. It’s grown by almost 30% over the last eight months. Justin Sun, the leader and founder boasts more than 593,000 followers.

Solume.io is a service that provides social volume metrics. It measures the mentions a given token gets on the relevant spaces in Twitter and Reddit, and it analyzes them into positive and negative mentions. Tron’s mentions are mostly on the positive side of the social volume. Even when the token’s price is moving sideways, the project remains able to develop positive social traction. Over the last 90 days, it’s been mainly negative only once, and that happened in a day that saw 15% losses.

Even the latest price drop (which came about some twelve days ago) didn’t change this trend as positive mentions are still considerably more frequent than negative ones. The tweeting activity by community members shows that they support the project with fanatical fervor and that they remain bullish about the token even when the market’s sentiment is the opposite.

This community behavior is in stark contrast with most others in the crypto environment. Monero, for instance. It has basically the same market capitalization as Tron (Monero is 11th, Tron is 12th) but its social media presence is quite scant by any measure available. Also, Monero’s positive social activity is basically flat when the price is flat. Tron’s keeps rising even as the price is stuck, and even when it goes down.

This ability to inspire a community and provide it with HODL fuel is not a random thing. The Tron Foundation and the project’s leaders are constantly reaching out to the community and cultivating their relationship. Advertising of the high production value kind, several yearly events available in live streams, monthly updates in many different languages.

Not the Ethereum Killer after all… so far.

Tron’s network is up and running as you read this. It verifies transactions using an innovative consensus algorithm called Proof of Authority which has the advantage of not being disruptive. In this consensus model, block publishers are selected by community voting.

But there is something that still seems to be missing, namely, the genuine developer activity or use cases for the coin apart of speculative trading.

Tron’s platform includes the TRC-20 technology, which is an alternative to Ethereum’s ETC-20. It allows for Tron users to create their own Tron-based cryptocurrencies and launch ICOs. The most referenced among Tron’s tokens is Tron Market Watch (TWM). It’s meant to be a payment tool for Tron’s own decentralized cryptocurrency exchange that includes all the tradeable TRC-20 tokens such as TRWJ. 14 coins are listed there so far.

The project managed to achieve a soft cap level of $310,000 but it fell very short of the $5,000,000 hard-cap goal and, by the time the raise ended, it was less than $1,000,000. The IGG token, which is the most successful in the TRC-20 family also failed to raise much money ($110,000)

Most of the tokens available at Tron’s DEX seem rather basic, a little too abstract (concrete information is lacking), and they don’t have backing or funds.

Tron’s current state has nothing to do with the way in which Ethereum exploded in 2016 and 2017.

It’s no secret that the current sentiment about crypto is bearish. And it’s even worse when it comes to ICOs. Yet SYLO, which held an ICO over Ethereum is currently valued in more than 10 million dollars. So no, Tron is not about to threaten Ethereum’s position as the king of smart contracts any time soon.

Decentralized applications.

Tron’s dApp store has 14 dApps currently listed. Most of them are gambling games and many have limited transaction volume (or users).

Comparing Tron’s utility and activity with Ethereum’s is very complicated with so few apps available. The latter has a much bigger and manifold dApp catalog that includes decentralized betting, crypto collectibles, and distributed data storage. All in working order and running on the network. Yet both blockchains have similar metrics of volume and activity and Tron’s casino has become very popular very quickly in the last few weeks.

Vulnerability to regulatory risk

The US securities laws leave some room for interpretation as they’re based on philosophical principles rather than in rigid rules. It’s very hard to determine the true usefulness and nature of a fledgling token such as Tron.

Token transactions could easily be considered “investment contracts” as defined by the Howey Test. This would make TRX a security within the United States and not a commodity or a currency. If that should be the case, it would have to comply with the tighter constraints of the Securities Act of 1933 and the Securities Exchange Act of 1934.

That is something that no cryptocurrency in the market wants because it means enhanced investor protection, and TRX would need to trade on secondary markets. That would bring about fines and would cut some trading channels.

The spectacular value drops of 90% or more that we’ve seen this year in TRX and many other digital assets make it more urgent for SEC to step in and start regulating ICOs and foundations. Projects like Airtoken (AIR) and Paragon (PRG) were already ordered to give their investors their money back as they failed to comply with the securities law.

“Any profit comes from the efforts of a promoter or third party” is the way in which the Howey test fourth rule defines a transaction as an investment contract. Tron is probably not sufficiently decentralized to avoid it.

As things stand today, TRX’s market capitalization, price, and trading interest result mainly from the Tron Foundation’s activities. It was this organization who launched the first ICO and it still provides leadership for the project as a whole. TRX is not really useful yet because user participation is still very limited. But as dApp activity and ICOs keep moving forward, that could change.

It’s anybody’s guess what SEC will decide about Tron. It’s a well-capitalized project that has the resources to challenge any charges so SEC is more likely to go after smaller projects that won’t offer that much resistance. It also happens that Tron and Justing Sun are non-American. They operate out of Beijing, China, so that could also make it difficult for SEC to enforce the law on them in the near future.

Conclusion

Tron is capitalized at almost a billion dollars and it’s supported by many exchanges on the planet. The charismatic maverick and founder, Justin Sun is very famous and respected in Asia. His activity in social media has been impervious to negative market developments during the last year. Through BitTorrent and PornHub they have access to 120 million potential users a year, and it’s now a fully autonomous blockchain that runs its own main net. Those are Tron’s pros.

And now, for the cons. There are too few dApps and ICOs on the platform. And it could be exposed to disruption by regulators if SEC construes TRX as a security instead of a utility token.

Image courtesy of Pixabay

TronWeeklyJournal coin (TRWJ) hits the Tron DEX

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The Tron foundation takes communication with the Tron community very seriously, which is one of the reasons that said the community is very united behind the project’s leadership. One of the efforts to keep communication clear and flowing is the Tron Weekly Journal which aims at becoming the very best Tron news organization.

In the Journal’s own words: “Tron Weekly Journal is an online digital content platform which aims to bring all Tron world news under its umbrella. Although there has been immense churn and activity in the Tron community, there is no centralized portal or information pool where investors or Tron enthusiasts can gather necessary information. We are a team of experienced writers and analysts seeking to bring the latest Tron news and forecasts to the community through the Tron Weekly Journal platform.”

But we are not just a newspaper of sorts. The Journal is also issuing a Tron-based cryptocurrency (which is already listed at Tron’s DEX) called TRWJ. It’s a multipurpose coin that will be used for the benefit of content creators.

Also, services like advertisements, promotion, and every publishing transaction needed by a site such as tronweekly.com will use TRWJ as the medium of exchange. Additionally, the Tron weekly team will be airdropping some tokens at the end of each sale phase.

Despite its young age, TRWJ is already one of the top 3 TRC-10tokens in the Tron market and, as the Journal keeps expanding its audience, it’s bound to keep doing well.

Tron DEX

Yes, Tron has digital cryptocurrency exchange of its own. It’s one of the sections inside the tronscan.org website. This is a specialized exchange that trades only in Tron-based digital assets (TRC- 10 tokens) paired against TRX.

For instance, here you can buy the dice token which you can use to play some betting games that are already running in the Tron main net. There’s also the IGG token, issued by Intergalactic Gaming which allows you to join in the online video games economy.

Tronscan.org is a very intuitive website that no Tron fan should miss. It gives you a Tron wallet, access to the exchange, information about all the tradable coins. If you have an account and a wallet here, you can even issue your very own TRC10 token and release it into the exchange!

You can also monitor the blockchain activity regarding nodes, blocks, transactions, transfers, accounts, statistics and foundation addresses. The smart contracts running in the network, are there for you to see, and you can vote in the Tron Super Representative elections. In many ways, tronscan.org acts as a “control panel” four your Tron account.

Besides Tron DEX exchange, Tron also has another wallet called Tron Watch Market. The token sale of the wallet ended about a month ago. Although it is not yet fully finalized, once it’s done, the Tron community should be expecting the trading of TRC10 tokens on the platform.

Tron is quickly becoming a full-fledged cryptoverse inside the cryptoverse. That’s why it’s already the world’s third busiest blockchain, and it keeps gaining followers all the time. It has all the features Ethereum had when it became big, but it has a lot more new things to offer, and it has no gas price (but you have to pay for bandwidth and energy).

Tron is trading at $0.0152 as we write this article, and it’s in green numbers to the tune of 1.99%. It’s capitalized at $1,005,404,567 and ranked 12 at coinmarketcap.com.

Overall, Tron is pushing towards a decentralized system. With the addition of new tokens on its new decentralized exchange, we could see a big push in the worth of Tron very soon.

TronWeekly congratulates Debasish Das on winning 1 million TRWJ coins in writing contest

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The jury has decided on our writing contest and the winner is Mr. Debasish Das, author of the article “Beginners’ Guide to Success in Digital Assets Investments”. As promised, the winner, Mr. Das, is going to get one million TRWJ tokens.

Debasish’s entry in the contest is a very clear, sober, and purposeful guide for those who want to get in the cryptosphere but lack the experience. It’s written in the form of an eleven point checklist of things that no crypto-newbie must forget when it starts delving into the blockchain markets.

The winning article wastes no time on jokes or tangential matters. All the text is relevant and it manages to cover in fewer than a thousand words every relevant skill and attitude that newcomers to the cryptocurrency market must cultivate continuously if they want to succeed.

TronWeekly
The writing competition announcement that went out earlier this month.

The text is informative without being technical, it’s short and easy to read, and we would recommend it as a good starting point for any person interested to get started in crypto. Above all, it’s down-to-earth, very objective and dispassionate.

The article is no apology for the cryptoverse but a calm heads-up, which is particularly important right now because the current market conditions ignite very strong passions even in some otherwise neutral observers.

Accurate, unbiased, yet optimistic, we’re sure that this article will become a must-read for newcomers all over the world.

About Winner

TronWeekly
Debasish Das, the winner of our writing contest.

Das is from India, an engineering graduate and holds a post-graduate degree in management. Having spent more than a decade in the financial sector, working for one of the biggest MNC banking groups in the country he decided to pursue the path of entrepreneurship to achieve greater freedom and success in life. Currently, he has business in e-commerce, insurance, and consultancy.

As an avid blockchain and cryptocurrency enthusiasts, he believes in investing in the future of technology and feels this is going to make the world a single marketplace and also give the power from centralized banks and governments back to people.
Debasish’s passion is traveling and has plans to use the gains from cryptocurrency to fast track ticking his bucket list of traveling 100 countries.

Congratulations to Debasish Das our winner!

Top/featured image courtesy of Pixabay.

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

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

IGG

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

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

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

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

TronWeeklyJournal (TRWJ)

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

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

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

TronWallet

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

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

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

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

Image courtesy of Pixabay.

How does the Tron (TRX) future look practically now?

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Right from its beginning, the collective goal of the Sun-led foundation was to run a true decentralized platform that will ensure secure content sharing in a decentralized way. As the project got matured, it introduced DApps to manage the despotism for its community to uproot the disruption of the third parties like Google, Facebook and Apple that control and boast power to devourer and take financial share without any exertion.

Hereby, decentralized apps (DApps) allow a peer-to-peer connection among users to transact without any hesitation. Additionally, in attempt to complement its platform, it introduced TRX (its native token) with the total supply of 99 billion, circulating among various small and large projects.

As of today, Tron stands at 11th position by the market cap, trading at $0.0135 and is down by 5.37% in the last 24 hours. For many crypto enthusiasts, it will be intriguing to figure out how the things would go concerning coin as 2018 ends now.

It is worth noting that Tron (TRX) is one of the fast-growing projects due to its admirable efforts and strides, and it seems it would be in zenith soon. Hence, the experts have predicted that TRX price will surge to at least $0.5 by the end of 2021.

On the other hand, some investors and traders are anticipating that TRX will rise to an estimated price through the short-term period as of Dec 2018. While taking the recent performance of Tron into account, some analysts have concluded that it will be placed at an average price of $0.03, which points to 109% change.

Subsequently, mark $0.05 can be expected as the peak for Dec 2018. It is not sure that whether it will come to life because the rise and fall of virtual assets rely on multiple facts that affect the industry as a whole.

Despite the fact that bears are hugging entire market, Tron continued its progressive activities and launched an accelerator program last week, granting 1 million USD to the developers to build their dream DApp. The amount will only be used for innovations in the blockchain to make it more attractive.

What TRX value can we expect after 2018?

It is a fact that predicting the accurate prices of cryptocurrencies is impossible, but experts spare no effort to portend. Analysts produce deviations by taking the current behavior of the market into account, and also examine the historical data along with polynomial regressions.

In this case, Tron (TRX)‘s projected rate is $0.03.5 for Jan 2019 and also can rise between $0.4, a topmost figure that can come to happen in q1 of the upcoming year. The digital asset might grow steadily beyond the year 2019.

The flutter between the $0.03 and $0.04 would come to the table from May to August. With that passage of time, the digital currency led by the visionary leader, Justin Sun, can record a change nearer to 199.46%

Subsequently, beyond the last quarter of 2019, the projected price of TRX seems to be hovering between $0.05 and $0.07.

Reasons why Tron (TRX) has been holding the grounds

Tron is barely a year old, but the blockchain firm has achieved an accountable success already. Why? We hear you ask. First, it has an excellent team. Second, the project has boarded vital partners regularly. Third, it never stops, keeps sealing deals and all.

Image courtesy of Pixabay