EOS Again Ranked #1 Cryptocurrency by Chinese Government

The Chinese government has once again named EOS the world’s top cryptocurrency in a ranking that prioritizes innovation and application over market capitalization. Bitcoin, the world’s largest cryptocurrency by market cap and trading volume, jumped seven spots compared with June.

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Crypto Market Ranking

China’s Center for Information Industry Development (CCID) has published the third edition of its Global Public Chain Technology Evaluation Index, which ranks dozens of cryptocurrencies on technology, application and innovation. EOS topped the list for the second consecutive edition despite concerns over the platform’s botched mainnet launch in June.

EOS’ strong performance likely reflects its scalability solutions. The platform’s proof-of-stake protocol is capable of processing a huge number of transactions when compared with leading blockchains bitcoin and Ethereum.

Like the previous edition, Ethereum was ranked second. NEO was bumped out of the top-three in favor of Komodo, which failed to crack the top-15 in June.

The top-ten are ranked as follows:

  1. EOS
  2. Ethereum
  3. Komodo
  4. Nebulas
  5. NEO
  6. Stellar
  7. Lisk
  8. GXChain
  9. Steem
  10. Bitcoin

The first version of the report, released in May, ranked Ethereum as the world’s top blockchain.

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Bitcoin’s Rise

Although bitcoin did not perform particularly well in the first two CCID reports, it has risen through the rankings following a major structural shift in the cryptocurrency market. As Hacked previously reported, bitcoin’s dominance rate has risen more than 40% over the past three months. Bitcoin now accounts for more than 52% of the entire market capitalization for cryptocurrencies after hitting a high of 54.5% last week.

EOS and Ethereum have seen their market values plummet over the same period. Ether’s dramatic fall, which culminated in last week’s 14-month low, has raised alarm bells over the health of initial coin offerings (ICOs) in the wake of last year’s record funding amounts.

Bitcoin’s growing market share essentially means other digital assets will rise and fall on its whim. Although non-correlation with bitcoin is seen as necessary for a healthy, dynamic cryptocurrency market, recent price developments suggest investors are dropping more speculative bets for an asset with a proven track record. According to Ethereum founder Vitalik Buterin, this will ultimately lead to a new era of ICOs with better protocols and more proven business models. This paradigm, known as “Tokens 2.0,” could materialize as early as next year.



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Stay bullish on Tron: Here are three reasons why!

Tron’s Tronix currency is currently at $0.03941, even though its valued increased excellently in the last couple of days, but still, it’s way down from where it was last January. But that’s not a problem inherent to Tronor Tronix (TRX) but to the whole market. Every single coin has lost a lot of ground during the year. But some of them are undervalued, and some other could be at their correct level.



Tronix (TRX)is among the most undervalued digital assets in the world, but it holds a lot of promise in long-term. It’s doing everything right, and it will go through the roof sooner or later. So there’s every reason to stay bullish about it but, just to keep things short and readable, I will give you only three.

The Main Net is here, and it works!

After months of anticipation Tron’s new Main Net was launched and it was a resounding success. EOSalso released its new Main Net around the same time, but there was a vast difference between both launches: Tron’s went smoothly, and EOSwas a colossal mess, plagued with bugs and flaws, so it had to be delayed several times over.

It’s not just that it works. Users have attested after the launch that the new platform delivers on all of the promises Justin Sunmade way before the release date. Let’s remember that when Mr. Sun tweeted the features and specifications, the new Main Net would feature he didn’t only face a lot of skepticism, but he was also mocked and attacked, primarily by the leaders of other blockchain projects who claimed that those specifications were either impossible or just too good to be true.

Ethereumtook particular offense to that. Now users are tweeting about how fast, how reliable and how cheap everything is. They are vindicating every single promise Mr. Sun made. This fantastic success will boost Mr. Sun credibility, the foundation’s, and the coin’s.
One more thing to consider is that the new Main Net’s job is not just to support the TRXcurrency but also to be a blockchain operating system that enables developers to create decentralized applications. This is not to be underestimated as good apps will bring about new users that will be using and demanding Tronix either implicitly or explicitly.
Tron’s new platform has been great news however you might want to look at it yourself.

Justin Sun

The Tron Foundation has been around since last September only and in that short time its founder and CEO, Justin Sunis already considered one of the (if not only) most charismatic and relevant leader in the cryptosphere.

His track record as a businessman is beyond doubt. He founded Peiwo which is the most popular messaging application in China and some other Asian regions. He’s a close friend of Alibaba’sJack Ma, who was his teacher and protector at his own university.

Mr. Ma has an instinct for flare and marketing that is simply unmatched by any other leader in the blockchain community. The perfect mix of power nerd and entrepreneur. But more importantly: so far, Justin Sunhas delivered on every single promise he’s made, and some of them were incredibly bold and seemed like just a marketing ploy. They weren’t.

There’s every reason to believe that Mr. Sun’s leadership will keep the already enthusiastic Tron community tight and happy, and the project moving on.
Rest assured that TRX’s price will go up sooner or later if Justin Sun in person has to drag it there.

The Tron community

Did you know that TRX is currently held by more than 426,000 people in sixty different countries? The community is vast, more significant than most others but that’s not all. It’s united, it’s enthusiastic, They are all using the TRXcoin in trades and to pay for goods and services (if possible) because they understand that such is the way in which a project like this can really take off big time.

The sheer size of this community implies that the Tronblockchain will never be short of developers and new decentralized apps and as those apps get released and prove their usefulness that, in turn, will bring about new community members and demand for the TRX asset.

This is the kind of digital community that can keep a project going when things stall, but also to make it incredibly prosperous when things go their way.

So don’t let appearances deceive you. Tron’s current low price (yes it increased in the last couple of days but it is still undervalued) is not a sign of failure, it’s an opportunity to get into the game at the best possible moment.


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Here Is How Tron’s (TRX) MainNet Launch Outgunned That of EOS

The word ‘outgunned’ is defined as outdoing or overwhelming your opponent by superior forces. Once you read the word, you think about the numerous Hollywood movies where the action hero with the most guns wins the final battle. But this is no war-zone; neither is it a movie. It is the world we love of crypto and blockchain. In this world, we have witnessed the launch of two magnificent Mainnets in the last one month. That of Tron (TRX) and that of EOS (EOS).



Both were equally exciting for the buzz around the crypto-verse was that these two projects were plausible Ethereum killers. But that is where the similarities end. The launches of both MainNets were totally opposite as shall be elaborated.

Constant communication by both projects

Justin Sun has overcome FUD to become one of the most trusted faces in the crypto-verse. His constant communication to TRON believers is second to none with clear milestones and roadmaps of when the MainNet was to be launched as well as what would happen after. We knew the dates and exact time with timezone references, as to when the MainNet would be launched as well as the Genesis block. There is also constant communication on the status of the ERC20 token migration as well as coin burns and token lockups.

EOS, on the other hand, has no such public figure to reassure the project believers about what was happening during the Mainnet launch. As a matter of fact, no one knew for sure if the MainNet was to be launched on the 2nd of June or the 3rd of June. Also, there is no one figure to elaborate the on-goings in the current constitutional crisis.

Bugs and Bug bounty programs

With the respect to bugs, the EOS MainNet was found to have a severe bug only days before the launch of the MainNet. This bug could allow a rogue miner to hijack the entire network using a smart contract and start wrecking havoc in the form of mining other blockchain networks. The bug was patched and a bug bounty program was soon initiated with a reward cap of $10,000.

Tron then took it upon itself, through Justin and the Tron Foundation, to make sure they had a lucrative bug bountyprogram when the MainNet was launched on the 31st of May. The upper cap of the reward was set at $10 Million meaning the best of the best of security experts and teams probably went knocking at the door of the Tron Foundation seeking to test the MainNet. As a result, the Mainnet has not experienced any known bug since the genesis block went live.

However, EOS has experienced another glitch that has resulted in several accounts being frozen as well as a constitutional crisis.

Constitutional crisis

Block.one, the creator of EOS, is proposing the abolishing of the current constitution less than a month since the MainNet released the Genesis block after a voting stalemate. On the other hand, the Tron project currently has Super Representative elections ongoing with plans of a constitution in the works.

The difference is clear

One can argue that Tron managed to learn from the immediate mistakes of EOS. This is a very valid way of viewing things. Then again, TRON has for the longest of times being the underdog in this crypto-verse with EOS enjoying parade-like praise since the inception of the project. This means that the team at Tron had to put in double the effort to prove their mettle. The planning and execution witnessed through the Tron Foundation can only be described as being meticulous. Perhaps it is this attention to detail by the team that will eventually make Tron end up outshining Ethereum.


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Ontology (ONT) MainNet launch goes live, know more about it

Ontology just announced that their MainNet has been launched. Reportedly, the token swap of NEP-5 ONT for ONT is in progress. Ontology Network tweeted: “Ontology 1.0 is now live. Welcome to the new world”.



 

Ontology’s two-token model

Ontology started a two-token model for managing a double token system. The said tokens can be used for trading, storing network, sending and accomplishing digital contracts. One of the tokens (ONT) is specifically designed for governance, whereas the other one (ONG) is a utility token. The ONT holders can also use it for voting on the crypto exchange platform.

ONT Mapping

Its blog mentions several mapping instructions to migrate to the Ontology MainNet. The blockchain has provided two methods of ONT mapping. The first one is to automate the mapping and to do so one needs to keep the ONT tokens on the supporting exchanges. The respective exchange will complete the mapping process for the customer. The second method involves sending the tokens from the NEO wallet to one’s MainNet mapping address. It will migrate to the ONTO, however, it will only appear in the wallet after it releases in July.

Moreover, it has provided a platform to track the swap status any time before the ONTO wallet’s release. It is to be noted that the two wallets NEO and ONTO have the common address, WIF and private key, just as before. Also, the mapping period wouldn’t stop or interrupt the usage of the NEO wallet. It was also noted that the NEP-5 ONT tokens will automatically be destroyed after the MainNet launch and the process will complete within 24 hours. The ontology also warned in its blog that no other asset other than ONT from one’s wallet should be sent because there is no recovery method for that.

Ontology (ONT) Market Performance

The MainNet pre-launch event took place on June 26 where along with its partners, it discussed the main use-cases of it in real life. A miraculous surge of 13.47% in its price, a day before the event. In the last month, ONT’s highest estimated price is $8.82, with a market cap of over $1 billion. In the same time frame, the lowest estimated figure is $4.27 with a market cap of around $646 million. The ONT price spiked up by 8.10%, trading at $5.28 with the market cap of $7.98B.


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Tron [TRX] on the verge of a positive ride?

Tron [TRX] was successful with the main net launch although no major visible implementations or effects have been witnessed. However, tons of exchanges stepped up to support TRX either as a listing or to stand by during the migration.


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Tron’s Founder, Justin Sun had been very precautious and extremely responsible to ensure a smooth transition during the entire procedure. Right from the main net launch on May 31st to the conclusion with the Super Representative Election’s results being declared on June 31st.

The migration notice from the Tron team had gone out to all the exchanges that have TRX listed or are supporting them. After the testing phase of the Main Net and the bug bounty program ending, the token swap will commence on the 21st of June and will end on June 25th at 11.59 pm, Singapore time.

The users are required to follow the steps mentioned by the team:
“If your ERC20 TRX are held in a wallet, you must deposit your TRX to an exchange supporting the migration before Jun 24th 11:59PM Singarpore time. Here are the exchanges supporting #TRX migration, [sic].”


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The SR election will pick out a total of 27 representatives. These elected members will be the guardians of the Tron community for its own public blockchain and their own digital asset – TRX. They will guard the foundation throughout the journey. Tron claims to have the world’s biggest protocol.

The list of accomplishments or appraisals for Tron might never end as the community has witnessed them work ‘sleeplessly’ for months to get things right. The only negative that the supporters have voiced so far is the price lagging behind even though it has been able to sustain its top 10th position.

TRX is currently trading at $0.058 which has been the value since a long time. However, there are positive signs of TRX with 2.52% gain since yesterday after weeks of decline. The market cap has increased and is now at $3.8 billion.

Nikhil Gorwani, a Twitterati says:
“The reason #TRX #TRON hasn’t pumped like it was supposed to is that the investors are apprehensive about the old ERC 20 token .. once they receive the new tokens without any complications they will jump in huge numbers and price will surge .. waiting for Independence Day to the.”

Keep Calm and HODL, a crypto investor tweeted:
“#Tron fam. Relax. Think long term. Worrying about 6 cents vs. 10 cents is going to look pretty silly when you see what the price of #TRX is going to be in a few years. Hang on to your Tron. Go enjoy life and we will ladder out 50% when time is right. Other 50% we keep to…”


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TRON “disappointment” continues to drop after MainNet – 10% this past week

A lot of people including non-TRX investors were looking at TRON closely during their Main Net launch. The anticipation and wait had multiple media channels frequently dishing out redundant click-baity articles to feed the content to news-hungry TRX folks.


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The Main Net launch which was live streamed on Youtube had only 250-400 viewers during the whole time. During the launch the palpable excitement was missing and Justin’s regular updates about “Reaching the Top 5” seemed overly ambitious.

TRON [TRX] at press time was trading at $0.057 to a token witnessing a 6% drop in the past 24 hours and a 10% drop in the past week. TRX is the only token in Top 20 to be in the negative on a weekly price point comparison.


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TRX’s continuous drop
Currently at the 10th position according to the market cap which is currently at $3.8 billion, TRX’s drop by another 6-7% would mean an imminent drop to the 11th position (considering NEO experiences a positive price movement)

A look at the search traffic on Google shows the gradual drop in organic searches for TRON whereas EOS who also had a Main Net event not only showed a positive response in terms of price movement but also registered double the volume of organic searches on Google.
TRON’s main net transition or the actual token swap would only take place later during the month around the 20th. The TRX community believes the real value is not in the price but in the product and they believe post-June end bulls will visit TRX again.

Remy D’costa, a software engineer from Tanjavur says,
“When the entire world is cursing TRX you should buy. Trust the HODLers, they know best. Justin has always delivered, give it some time. I believe if not Top 5 atleast in the Top 6 for sure.”


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TRON (TRX) Mainnet Launch: All Systems Are GO With Livestream Announced

The Crypto-market has stabilized to the relief of Tron (TRX) fans and HODLers. What seemed like an imminent Moon Landing ahead of the MainNet Launch, has been sidetracked by a declining Bitcoin (BTC) that took the entire crypto-market down with it. BTC dropped from almost $10,000 at the beginning of May, to yesterday’s low of $7,132. The value of TRX has also followed a similar trend when it experienced a $0.10 value on 30th April. It would then drop to recent lows of $0.058 just yesterday. Both BTC and TRX have since recovered and are trading at $7,513 and $0.0644 respectively.


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Even with the current market turmoil, the TRON (TRX) MainNet launch is still on schedule with Justin Sun leading the charge in terms of communication and excitement as we inch closer to event. He has even dubbed the MainNet launch as a day for Independence.

Justin’s call for Independence on Twitter

Justin and the Tron Foundation are committed to their vision of decentralizing the web. This is why they are declaring the 31st of May, as a sort of independence day.

The current countdown reads 13 Hours, 1 Minutes and 12 seconds at the moment of writing this. The livestream broadcast that leads up to the MainNet launch will start at 11am (UTC + 8) tomorrow. Doing the math, this time is 3 am, UTC. Therefore, you can add or subtract your time zone accordingly from the reference time of 3 am.

Justin Sun has provided the links to the livestream that will be on both Youtube and Periscope. Ethereum World News has in turn provided them below:

  1. Youtube link to Livestream
  2. Periscope link to Livestream

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EOS (EOS) Is Back On Fire Before MainNet Launch

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EOS (EOS) is back on fire days before its mainnet launch, which is expected to go into effect on June 1, 2018. This would allow EOS (EOS) to leave the Ethereum blockchain for its own blockchain EOSIO. The platform will allow developers to build Dapps on the blockchain as soon as the mainnet is launched. The EOSIO platform will use DPoS (Delegated Proof of Stake) and will be initially helped by Block.one, a prominent blockchain software company. EOS (EOS) is currently asking investors to register their new address on the EOSIO platform so that they can be assigned new token soon as the mainnet goes live.

It is important to register addresses now because once the mainnet is launched; ERC20 tokens for EOS (EOS) will become useless soon afterwards.

EOS (EOS) lost nearly 50% of its previously made gains this month. This was mainly due to an overall bearish market which pulled the price down despite extremely positive news and prospects ahead. Initially, the price retraced down to the 0.382 Fibonacci level and was all set to continue upwards but a falling Bitcoin (BTC) pulled it down to $10.5 all the way from $23.12. EOS (EOS) is the only top 10 coin to have surpassed its all time high after the correction. Investor interest in EOS (EOS) is rising by the day and institutions are also eager to get involved.

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The price has currently found a strong support at the 0.618 Fibonacci level and is trading above $12. With hints of a market reversal, EOS (EOS) looks strong to reach at least $50 by the end of the year. The price is currently trading in a well established bullish channel and is set to break out of the falling wedge. This could resume its bullish impetus and the price could cross previously made highs, most likely before the mainnet launch on June 1, 2018. The RSI is near the bottom and looks set for beginning a new rally. There is limited room for downside as EOS (EOS) continues trading down the wedge but the big picture looks very bullish.

Mainnet launches often have a significant impact on the prices of cryptocurrencies. Independence from the Ethereum network gives it the flexibility it long needed to devise its own scaling solution so that Dapps can be built on the platform. There is a lot of hype regarding smart contracts and Dapps but to be honest, no platform has a proper working model yet. Our recent experience with Crypto Kitties exposed some serious flaws in the Ethereum network. However, EOS (EOS) seems confident to have addressed that issue which is why it is proceeding with its own mainnet. It will currently comprise of 21 block producers who will be in charge of validating every block. Having such a limited number of nodes means that a lot more transactions can be processed per second as the confirmation time is reduced. The upcoming mainnet launch could make EOS (EOS) a real Ethereum (ETH) competitor which will translate into institutional interest and hence future price gains.


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Top 6 Mainnet Launches To Look Forward To In May and June 2018

Where 2017 was the year of promises and speculation, 2018 is becoming the year that projects have to deliver on their promises. An actual working product in the form of a mainnet is the first major step in this process. 2018 is filled with blockchain projects that migrate away from the protective wings of other blockchains and start operating on their own mainnet.

It’s nearly impossible to predict what a mainnet launch will do for a project’s token price. It seems likely that the quality of a mainnet will become more important than simply a launch of a mainnet.

In this article, we’ll take a look at the 6 of the most promising mainnet releases in May and June 2018.

Oyster Pearls (May 29)  

We already wrote an article on why Oyster Pearls is a project to keep an eye on, and the mainnet launch is yet another reason to do so. The hybrid blockchain, being built on IOTA’s Tangle technology and Ethereum’s smart contract framework, will see daylight on May 29, 2018. After the launch, the Oyster Pearl platform can be used for what it’s built for: disrupting the online advertisement model and directly connecting content creators with content consumers.

The team has been actively communicating their progress on the mainnet with their community and they have promised to keep doing this every week until the scheduled launch. Interesting features accompanying the launch are the Oyster Pearl smart contracts, their distributed reputation system, decentralized storage, and, of course, their entirely new website revenue model.


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Tron (May 31)  

Tron has recently been in the spotlight a lot—and the launch of their much anticipated platform will show whether Tron can live up to the high expectations surrounding the project. To boost enthusiasm even higher and as a sign of appreciation to the Ethereum community, Tron distributed 30 million tokens through an airdrop on April 21. This airdrop occurred because the Tron token will move from the Ethereum blockchain on to its own mainnet, a migration that’s being supported by most major exchanges.

The outspoken leader of Tron, Justin Sun, has continuously expressed his full confidence in the long-term success and ambitions of the Tron platform, stating that he expects their ecosystem to become much larger than the Ethereum ecosystem over time.

Once the mainnet is launched, many upgrades are expected to be in place. The Tron team is keeping their fans updated on the process, and recently published an exhaustive open letter to the community about the progress of the mainnet and what the community can expect the Tron ecosystem to look like.   

NULS (May)  

NULS could very well be a sleeping giant and has remained mostly under the radar for now. This could all change with the release of their mainnet. The NULS team has set out to deliver a customizable modular blockchain ecosystem that allows for smart contracts, multi-chain mechanisms, and cross chain consensus. This basically means that it will become a platform that allows for dapps and cross-blockchain transactions.

The team has been working around the clock to get the mainnet finished and they’ve assured the community that it will launch sometime in May. The successful public test of the mainnet from March 31 onwards has already sparked investor confidence that the team can pull it off. Together with recently announced multiple partnerships, their mainnet launch has the potential to put NULS on the map.

EOS (June 2)  

EOS is another blockbuster blockchain about to launch its mainnet. Expectations are incredibly high, indicated by the market valuation of EOS being over $15 billion(!). Over the last couple of weeks, the price of EOS has exploded following several new exchange listings, a focus on inter-blockchain communication, a VC partnership announcement and the fact that already 18 dapps are planning to launch on the EOS blockchain.

Add the mainnet launch to this and it’s not too hard to understand why the price of EOS has climbed from its 2018 low of about $4 on March 18 to its valuation of about $15 at the time of writing.

EOS will be needed to buy into the ICOs of the dapps—these dapps and their users will also start using EOS to convert other tokens and for transactions on the blockchain, creating a genuine demand for the cryptocurrency.

EOS will be the next highly impressive blockchain launch by industry veteran Dan Larimer, who also launched Bitshares and Steemit. This, however, will be his biggest project by far. Larimer has been gathering quite a following in the blockchain space and investors are trusting the EOS project partly because of his leadership. We will see whether he and his high-potential EOS blockchain can live up to the expectations on June 2.

Ontology (June)  

Ever since Ontology distributed its token through airdrops, the project’s cryptocurrency price has been on an absolute tear. Even though the exact date of launch is still a mystery, the highly promising roadmap of the Ontology project indicates that the launch will occur in Q2, of which June is the last month.

The release of the mainnet is a part of Ontology’s Socrates era, a phase in which the Ontology team is building the foundation for its blockchain ecosystem. As soon as the mainnet is launched, apps for Ontology’s growing list of partners are expected to roll out continuously.

VeChain (June 30)  

The launch of the VeChain Thor mainnet might turn out to be the biggest one of this list. This is because of the potential applications that will be introduced to the public with the launch of their mainnet.

VeChain has an incredible network of partners and the VeChain team has indicated multiple times that they want to start rolling out dapps on their platform for these partners as soon as possible. Seeing dapps being launched with the mainnet is even more likely given the fact that the VeChain platform has already been functioning privately since 2015.

On May 1, the VeChain blockchain was launched for testing and the team has been continuously updating the community about the progress of the mainnet as well as the new features and dynamics of their platform. The launch also entails a new name for the token, from the ERC-20 based VEN to the VeChain Thor based VET. We’ll most likely see VEN becoming VET on June 30.

Concluding Remarks

These 6 mainnet launches are part of a bigger trend of 2018 in which a lot of projects currently operating on other blockchains will migrate to their own chain. These are our favorite mainnet launches in what remains of Q2 2018, but many more are expected over the course of 2018.

This trend will likely cause a trading paradigm shift, in which the quality of the mainnet and the applications ready to go on the platform will become more of a reason for major price movements than the launches themselves. It will be highly interesting to see how the market will react to the 6 launches highlighted in this article.


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TRON (TRX) Will Be More Than 0,50$ After MainNet Launching

Tron (TRX) has had a hard time during the massive market crash that affected this digital asset as well as the majority of cryptocurrencies, causing one of the most devastating losses with losing over 50% of the total market capitalization of all cryptos put together. After the eight-week-long market dip came to an end, there was a rebound period that was soon afterwards interrupted by a massive selloff that went on for a couple of days, pushing the market towards plummeting once again. However, after the selloff has ended, there was another period set for recovery of the crypto community – that is when TRON thrived.
TRON is Getting Back on the Track

Even though TRON (TRX) is ranked as the 10th best currency on the global coin ranking list, TRX thrived with the most recent achievement that mirrored all the effort of Justin Sun since the time TRX was first launched as an ICO. Apparently, according to the most recent results, TRON become the number 1 digital asset on the global level during the last week, which means that TRX had the greatest number of commits on Github.

In addition to trending up on Github, TRON was the most talked-about coin on Twitter as well, specifically on April 26th when everyone was thrilled to see TRON rising back up again.

Showcasing its dominance over the market, TRX started to rise up dizzily while collecting massive gains and going towards a total of nearly 50% in a single week where the only currency in the top 30 currencies with higher gains than TRON, was EOS which took the place of the best performing coin of the last week.

That being said, it seems that TRON is getting back on the track big time with 46.64% of rising collected in a week and with an additional 3.94% against the dollar in the last 24 hours.


ICO of the week:
Vanywhere.com:
Working product – ✅
Major player involved – ✅
Experienced team – ✅
Active community and social channels – ✅
Potential of mass adoption – ✅


It is generally a thought that the reason why TRX was able to get back on the track with an amazing rebound of nearly 50% in a single week is the fact that TRON is releasing its main net pretty soon.

TRON and the Main Net
At the current moment, TRON (TRX) is represented as an ERC20 token, but this won’t be the case for too long as TRON is launching its own main net where this currency will acquire a status of a native asset.

The launching of the Main Net is set for May 31st, which is getting closer as April is coming to an end. However, although the Main Net will be launched in May, the complete migration of all TRX units should not be fully completed until June 21st, when TRX Main Net is going to be officially ready for all users.

To show its appreciation for Ethereum, given the fact that Ethereum supported them while launching TRX on their own platform during its ERC20, TRON representatives have announced an airdrop.

The initial airdrop took place during the last week when TRX was collecting massive gains on the market, also getting back to its previous place on the list as the tenth-best currency, having 30 million TRX units being released to ETH community.

TRON and the Market
TRON has done an amazing job with bouncing off as it managed to collect a set of gains of nearly 50% against the dollar while trading in the green during the entire last week. In addition to having its market capitalization consequently increased due to the rising tradi9ng volume, TRON managed back to retrieve its spot on the global coin ranking list as the 10th – best currency in accordance with its market capitalization.

Following the latest trend in the market, TRX is still being traded in the green, however, with lower gains when compared to the rebound wave a couple of days ago. After the latest change in the market, TRON (TRX) has gone up to 3.94% against the dollar while it is also trading up against BTC and ETH.

In the last 24 hours, TRX has gone up against BTC for 4.72%m while it is trading in the green in oppose to ETH while rising for 4.88%.

Due to this change, TRON can be currently purchased at the price of 0.085$ per one unit, while this currency was worth around 0.050$ only a few days ago.

TRX marked its all-time high back in January at the beginning of 2018, when this currency was valued at 0.25$. It is expected to see TRON (TRX) breaking through its previous record price once the Main Net is launched.


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