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Cryptoindex is a tool for exposure to the cryptomarket and serves as a smart benchmark for all cryptocurrencies. The AI-based Cryptoindex algorithm is continuously analyzing more than 1000 coins applying over 170 factors, processing more than 1 million signals per second to provide a highly sophisticated index of the top 100 coins. You can find our previous reviews here:
Cardano - review. Future plans. Ripple - review. Further Perspectives Litecoin. June'18 overview The Dow Jones index. From where did it come to us? Bitcoin Cash. June 2018 overview Are cryptocurrency indices a new crypto market trend? EOS. End of May'18 overview Ethereum. May 2018 overview
Here on our Cryptoindex blog, we will be posting 100 articles about each of the top performing coins selected by our powerful AI algorithm#CIX100coinreview.
Today’s review: TRON and their prospects.
What is TRON? And who was created this?
First, let's start with what the ‘Throne’ is. This platform was developed for the creation of digital content. Each person has their own "intellectual property," be it music, a book or any other content. The platform itself is created on the Ethereum blockchain. The TRON ecosystem was founded in September last year, by the Singapore non-profit organization Tron Foundation. The company is headed by Justin Sun. Before creating TRON (TRX), he created the social application ‘Peiwo’, which gained more than one million users.
Prior to this, Justin Sun acted as an advisor and representative for Ripple in China from December 2013 until 2016. In 2015 and 2017 he was nominated in Forbes ‘30 most successful people under the age of 30’ list.
Key targets of the project
Everyone is interested in reading good quality content. The TRON project encourages individuals to become they’re own creators with protected rights, a "Paradise to combat piracy," where there is no Torrent.
Most of the content on the Internet passes through large sites such as Yahoo, Google, Yandex, etc. Due to this, they can dictate any prices in the market, more importantly, subject it to censorship and transmit data about each user to the Special Services.
How does this platform work?
The throne synchronizes the work of original information and entertainment portals in the public network. The uniqueness of the platform is that it can be used to remove the "mediator" between the creator of the content and its consumer using blocking and peer-to-peer networking (P2P) technology. Each user, regardless of whether the individual is a blogger or journalist, can post content in their network. The audience must approach the author for access to the content and pay them directly.. For users, this is an excellent opportunity to receive unique content without advertising from the "intermediary."
For the convenience of users, all services on the platform are paid exclusively by their cryptocurrency called Tronix [TRX]. After the successful ICO in August 2017, Tron was listed on many major exchanges such as Bitfinex, Bittrex, Binance. TRON can be used and stored on the MyEtherWallet purse. The increased popularity of TRON was noticed and Coinmarketcap.com rated it within the TOP-15. The price of TRX changed from $ 0.0015 to $ 0.30 at the peak in January of this year.
Further perspectives of the project The developers stated in the Roadmap project that TRON would be split into several stages, to help the project take the lead position in the world.
A platform for peer-to-peer distribution and storage of content, through which it will be possible to free up data. The platform will be able to provide free publication and storage of user data. This stage does not provide for the use of a block but uses a network file protocol that supports a distributed file system.
This stage according to the Roadmap is scheduled for January 2019. With the launch of Odyssey, the platform will increase the content rights expansion, as well as complement new features, such as the introduction of locking technology and monetary incentives to host content on the platform. The system will include bonuses for a user response to content, as demonstrated at such venues as Steemit, Golos, Medium. Sample content is free, to give you a taster, full access is granted only when you pay TRX for their services.
Great Voyage and Apollo
These two steps will allow users to create their brand and generate their tokens. This should increase the attractiveness of the project and improve its economy.
Star Trek(2023 г.) and Eternity( 2025 г.)
This phase will create online gaming platforms enabling users to maximise their game process, invest in new gaming projects and offer their ideas to their developers. For game developers themselves, this is an excellent opportunity to be one step closer to your community. The developers themselves expect that the whole process will take no more than ten years to implement all the plans fully.
Criticism and disadvantages of the project
A significant disadvantage of TRON is that it does not conform to generally accepted copyright standards. For example, the person who first places the content on the TRON blockbuster will automatically become its author, although, in fact, it may not be it.
TRON generated some controversial media over accusations of plagiarism. Vitalik Buterin (Ethereum Founder) accused Justin San of plagiarism when drafting the project documentation. First, Sun on Twitter listed seven advantages of Tron before Ethereum, and then Buterin added the eighth paragraph, which said: "The art of writing documentation (Ctrl + C and Ctrl + V is much more effective than writing by yourself)."
Many users expressed their non-transparent work with the tokens of the project themselves. The first transactions that have taken place since the launch of the project are not entirely clean for users, but only add distrust to the team. Several packages of tokens that have been sold. 41% of the tokens of 100 billion, were withdrawn on October 1, 2017, and then distributed to other purses of the "B" series. Some of them may have fallen into the hands of the state or more, be used to inflate the price artificially.
Despite such harsh criticism from experts and the community, the project successfully took the TOP-15 on the Coinmarketcap. With competition such as Ripple, Stellar or Cardano, TRON is unlikely to achieve its desired effect, but the project has followed its Roadmap, and for their investors that is a good sign. Also positive on the token rate is the fact that Justin San co-operates with Jack Ma and his project Alibaba. Perhaps their close merger could lead to an even greater token growth.
At the time of writing, TRON[TRX] is 0.928% of the total of CryptoIndex portfolio. You can always check the current CIX100 composition at our MVP platform: http://cryptoindex.ai/
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Analytical report of the Golden Island private clubsubmitted by Golden_Island_Club to u/Golden_Island_Club [link] [comments]
We present to you the report filed by the analysts of our private club for November 12–19, 2018.
Key market events
1) 1% of Moscow residents use cryptocurrencies for wired payments, and another 5% are willing to make such payments too, according to the survey of Yandex.Money and the Moscow Department of Information Technology.
2) Mitsubishi UFJ Financial Group (MUFG) and Ripple will create a cross-border payment service for the Brazilian market.
3) The ConsenSys Kaleido startup division and Amazon Web Services (AWS) will launch a trading platform for blockchain services.
4) The number of confirmed transactions in the main Bitcoin network has doubled in the last 10 months, exceeding 300,000 transactions per day on November 12.
5) The head of the IMF Christine Lagarde advised central banks to consider issuing digital currencies, as they can make transactions safer, faster and cheaper.
6) During the tax audit in China, mining farms were disconnected from electricity in the provinces of Xinjiang and Guizhou. Estimated losses are roughly $143,700, and Bitcoin hash rate fell by almost 20%.
7) Bitcoin Cash network underwent a hardfork. The BCHABC token costs roughly five times more than the BCHSV token on the Poloniex exchange.
8) The number of active Lightning nodes in the Bitcoin network has reached 4039.
9) Crimea is aiming to create an International Center where experts from sanctioned countries will be able to study blockchain technologies.
10) Binance Exchange asked its users from Iran to leave the site and withdraw their assets due to the requirements of the new US sanctions.
11) Switzerland will approve the listing of the first crypto ETF in the country on the SIX Exchange next week.
12) Iran has developed a national rial-backed cryptocurrency.
13) Ripple technology can now be used for instant international transfers from Malaysia.
14) Kyiv has launched a Smart City Accelerator in Silicon Valley.
15) The central banks of Canada, Singapore and Britain recognized the efficiency of digital currencies for world trade.
Market analytics from club experts for November 12–18, 2018
The typical week with the standard forecasts has suddenly witnessed a massive drop in the price of BTC, accompanied by a clear flight of capital from the crypto market. This time, we didn’t observe the usual dump of the first half of the week with the subsequent return to the original value. The total capitalization of the crypto market at the beginning of the week — $211 billion — dropped to $180 billion by Thursday, with a slight correction after falling on Sunday — $186 billion. The trading volume remained $12.5–13 billion for the entire week, reaching $24–25 billion during the fall.
The BTC dominance also increased from 53% to 58% and bounced back to 53% only by the end of the week. The price per 1 BTC gradually decreased from $6,413 to $6,300, and then fell to $5,600 within one day. The price remained the same for the rest of the week, amounting to the same $5600 at the end of the week. At the beginning of the week, the lively trade in altcoins gave way to the worries concerning the price of BTC and, accordingly, the behavior of altcoins. And right away, some people pulled out the old forecasts, promising a fall to $4,000, $3,000, and even to $1,300, which were earlier pushed aside as they were deemed irrelevant. Some people quickly changed their forecasts for the price by the end of the year, suddenly realizing the inconsistency of the market. There is a strong opinion that the undercover games of the creators of the BCH fork, who are waging a war for survival, have played a huge role in this price drop. However, a number of well-known traders and analysts, whose authority is based on their consistency and competence, continue to insist that the current “bottom” is just another reason to add BTC to your portfolio. And they have a point! No matter how persistent the chat rooms and media are in stirring up FUD and panic, cryptocurrency is already winning its share in the economy. We observe more real use cases of this technology, real implementation of cryptocurrency for its intended purpose, as well as more interest and direct participation of large companies. All the investors need to do is wait, or better yet, take advantage of the situation! Otherwise, they would have to catch up, and this is not the best solution!
Changes in the cost and capitalization of the TOP-10 cryptocurrencies in the period from 12 to 18 November, 2018
TOP-3 growing coins from the long-term portfolio for November 12–18, 2018 (including portfolio updates)
Ripple XRP has delivered the best growth + 2.88%, LevelUp Coin LUC and NEM XEM also showed a positive result + 0.8% and + 0.3% respectively. All other coins in the market fell sharply due to a sharp drop of BTC.
Be the first one to get the latest updates, reports of analysts and trading signals. Just send a message with a text “I want to earn with you” to the group or to your curator. Each week, experts and analysts of the Golden Island club share secrets of investing, earning on cryptocurrency and investment opportunities in 2018. Subscribe to the insider newsletter, follow the announcements of events and stay in touch!
Yandex is a Russian-Dutch company based in Amsterdam.Yandex is the most widely used Internet search engine in Russia.Yandex Money is the largest paymant provider in Russia. If you plan to make a purchase in a Russian online shop, a credit card for Yandex Money is ideal. Buy fast and safe with your Bitcoins or other Altcoins on Coinsbee.com a voucher from Yandex Money and load your account with it. The local.Bitcoin.com marketplace has thousands of participants from all around the world trading BCH right now. And if you need a bitcoin wallet to securely store your coins, you can download one from us here. The post Russians Can Use Qiwi, Sberbank, Yandex Money and Now Binance P2P Exchange to Buy Bitcoin With Rubles appeared first on ... The Exchange platform comes with useful functionalities like automated purchases and sales of digital assets, crypto-based CFD trading, integration with a number of payment systems including Webmoney, Skrill, Qiwi, and Yandex Money, as well as wallets supporting cryptocurrencies like bitcoin core (BTC), litecoin (LTC), ethereum (ETH), and ripple (XRP). Companies can also add their own coins ... Russians Can Use Qiwi, Sberbank, Yandex Money and Now Binance P2P Exchange to Buy Bitcoin With Rubles A growing number of platforms allow Russian residents to purchase cryptocurrencies with local ... 0.0005 Binance Coin is 0.000001 Bitcoin. So, you've converted 0.0005 Binance Coin to 0.000001 Bitcoin . We used 438.868511 International Currency Exchange Rate. Russians Can Use Qiwi, Sberbank, Yandex Money and Now Binance P2P Exchange to Buy Bitcoin With Rubles. February 12, 2020 coiner Bitcoin News. Spread the love . A growing number of platforms allow Russian residents to purchase cryptocurrencies with local fiat money. Established cryptocurrency exchanges are not the most trouble-free option, however, as they often require extensive registration ... Yandex money is widely used in Russia and several neighboring countries, though worldwide residents might find it interesting too for the sake of diversification. If you wish to buy Bitcoin with Yandex Money directly use the Paybis exchange (read Paybis review) to pay 8.17% commission and $0.53 on top of every transaction: Binance bills itself as the ‘world’s leading cryptocurrency exchange’ and certainly based on volume of trades it is hard to argue against this professional looking platform. The company was recently rocked by a major hacking operation which stole around $40 million worth of Bitcoin, but seems to have rallied impressively since then. The company was Moscow Has 120,000 Bitcoin Users? The survey was a joint project from the local Information Technology Department (DIT) and payments service Yandex.Money, which saw a modest sample of 1000 residents living in the Russian capital, whose population today is around 12 million. While a precis of the results classifies the 1 percent Bitcoin usage figure as making it “rather unpopular,” within ... Recently, we have supported more local payment methods including Yandex.Money and multiple local bank transfer options, making fiat transactions even easier for users. How Russians Use Binance P2P? Buying cryptocurrency with a convenient payment method almost instantly and without transaction fees (users set prices in ads themselves). 99% of the time, the price of cryptocurrency on Binance P2P ...
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