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TRON (TRX) ‘Partnership’ with Baidu has Nothing to do with Blockchain

The TRON (TRX) and Baidu ‘partnership’ all started with a tweet.

TRON’s founder, Justin Sun, is notorious for vague ‘pump’ tweets and this one was no different. TRON’s ICO ended at the beginning of Sept 2017, and that’s when the “wait for our next big partnership that’s coming soon” marketing tactic began. In the beginning, it was effective. Sun would post a tweet of this nature and TRX would jump in price. Eventually, investors stopped listening because the partnerships made weren’t as big as expected.

Unfortunately, when TRON completed its mainnet and various other foundational milestones worthy of a price pump, investors were burnt by the project’s previous marketing tactics and didn’t purchase TRX.

TRON (TRX): The Boy Who Cried Wolf?

It seems the TRON team is sticking to what they know and it seems to have worked again. TRX soared 10% in price when the unconfirmed reports specified that Baidu was the ‘mystery’ partner. There has yet to be an official announcement made by either TRON or Justin Sun about this said partnership.

According to the Chinese crypto news site Odaily, TRON is only renting cloud server space from the Beijing-based tech giant.

The translated press release states:

“Wave Field TRON will build compatibility with Baidu Cloud to build, operate and debug blockchain products to optimize compatibility and optimize the development experience.”

Criticism

Justin Sun’s “announcement of an announcement” tweets have been a long joke in the crypto space, and even Vitalik Buterin has poked fun at it. While it may be a good joke for some, others aren’t laughing.

Back in January, Sun pulled a similar tactic with TRON’s partnership with Baofeng. The founder called Baofeng the Chinese Netflix, but instead, it’s more of a video player software. Also, the partnership wasn’t with Boafeng, but a subdivision of the company—stretching the truth a little bit.

We will see what TRON and Justin Sun have to officially say about the matter if they even acknowledge it at all.

TRX Price Movement

According to CoinMarketCap, TRX is currently trading at $0.0246 a coin, down -1.97%.

Featured Image: Depositphotos/© depositedhar

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EOS, TRON (TRX), and Litecoin (LTC) Updates

The cryptocurrency market is trading mostly in the red this Friday morning. Most coins in the top 10 cryptocurrencies are either just above the percentage gains threshold or just below. EOS and TRON (TRX) are currently in the green, but Litecoin (LTC) is trading down.

Let’s take a closer look at these projects and their latest movements.

EOS

Recently, the official ‘EOS’ Twitter name was changed to Block.one. Block.one is the blockchain-based company that formed EOS. The company must be taking bets that most people truly interested in EOS know about Block.one, but I’m sure those new to the crypto community might get a bit confused.

However, in 2018 it seems the diehard crypto-loyalists are the only ones who have stuck around since the crypto rise and fall in January.

Recently, Block.one announced the location and date of the EOS Global Hackathon Grand Finale.

The grand finale will be held on December 7th, in Cape Town, South Africa.

>> EOS Gambling Platforms Hacked

TRON (TRX)

There has been lots of movement over at the TRON Foundation as of late. Since it acquired BitTorrent, the companies have formed a new web-based torrent streaming client called μTorrent.

It seems μTorrent Web currently has over one million active users already and the company announced that BitTorrent Web will be live soon. In addition to its BitTorrent movement, TRON has been expanding on exchanges.

On Bitfinex, users can now trade for TRX with JPY, GBP, and the EUR—making it far more accessible to those around the globe.

Litecoin (LTC)

Litecoin will be celebrating its seventh birthday coming up on October 13th. That same day, LTC will be added to Gemini’s exchange.

In mid-September, LTC was added to the Canadian exchange Coinut. Later this month, Litecoin Founder Charlie Lee will be attending and speaking at the World Crypto Conference in Las Vegas.

Tickets are still available for purchase if you would like to meet him in person.

EOS, TRON (TRX), and Litecoin (LTC) Price Movement

According to CoinMarketCap, EOS is currently trading at $5.74 a coin, up 0.99% in 24 hours. EOS still remains the fifth largest cryptocurrency by its total market cap.

TRX is currently trading at $0.0231 a coin, up 5.20% in 24 hours. TRON is currently the 12th largest cryptocurrency by its total market cap.

According to CoinMarketCap, LTC is currently trading at $58.18 a coin, down -0.59% in 24 hours. Litecoin remains the seventh largest cryptocurrency by its total market cap.

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Altcoin Gainers Today | EOS, Tron (TRX), & VeChain (VET)

Only a handful of coins in the top 100 cryptocurrencies are seeing losses on the market this morning. After a rough start to August, it seems the market has begun correcting itself again. At press time, Bitcoin (BTC) is trading just below $6,500 and Ethereum has just passed the $300 threshold.

EOS, Tron (TRX), and VeChain (VET) are all altcoin gainers today – let’s take a closer look at their prices and latest project updates.

Altcoin Gainers Today: EOS

EOS was passed by Stellar earlier this week for the fifth largest cryptocurrency by total market cap. However, the cryptocurrency has gained momentum in the last 24 hours and is back to fifth.

Block.one, the software publisher that designed EOS, is currently holding its EOS global hackathon to incentivize dApps to be built on top of EOS. Two of the competitions have already been completed and two more are set to occur in the next coming months.

Block.one will release the dates for the fifth ‘finale’ hackathon in December. The top three winners from each hackathon will compete in the grand finale.

At press time, EOS is currently trading at $4.86 a coin, up 3.22% in 24 hours.

Tron (TRX)

Tron recently dropped to the 12th largest cryptocurrency by total market cap, but has received a boost on the market today and is seeing over 10% gains.

Justin Sun, Tron’s founder, just made the announcement that his project has just completed the acquisition of Blockchain.org. The coin’s boost must be due to this announcement just three hours ago.

>> After Months of Waiting, JD.com Launched its Blockchain Platform and Mobile App

At press time, TRX is trading at $0.0215 a coin, up 10.34% in 24 hours.

VeChain (VET)

This morning, VeChain is among the top coins with the most gains on the market.

Yesterday, the VeChain Foundation put out this announcement but there doesn’t seem to be a clear indication why the coin has spiked so rapidly. The usual ‘pump’ tweets are all over Twitter but those are to always be ignored.

At press time, VET is trading at $0.0149 a coin, up 48.35% in 24 hours.

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Pornhub Lists Tron (TRX) | Main Net Launch, Token Swap and More!

Tron’s main net launched on June 25th and has been running smoothly ever since, if slowly. The ERC20 TRX token swaps are manually being handled by each individual cryptocurrency exchange, and the process has taken much longer than previously expected. Plus, Pornhub lists Tron (TRX).

TRX Token Swap

Most of the larger cryptocurrency exchanges have completed the token swap. Bitforex was the first of the exchanges to complete the token swap on the 29th of June. Exchanges that have completed the swap and have resumed deposits/withdrawals of TRX include:

  • Bitforex
  • Binance
  • BJEX
  • Cobo
  • CoinEgg
  • CoinFalcon
  • Gate.io
  • HuobiPro
  • OKEx
  • Upbit

Most of all the major exchanges that investors trade TRX on are included in the list. However, it may take some time for some of these smaller exchanges to catch up.

Pornhub Lists Tron

Back in late June, Tron announced that TRX would be accepted on Pornhub.

The adult website now accepts Verge (XVG), ZenCash (ZEN), and Tron (TRX).

Tron (TRX) Price 

Despite all the changes and upgrades to the Tron network, its price has yet to reflect its progress.

Pornhub lists Tron
Source: CoinMarketCap

TRX’s price stagnancy may have been from the two weeks where most of the major exchanges didn’t allow withdrawals and deposits of TRX as the token swap was happening.

Still, most exchanges are now up and running, but there has yet to be a price spike. Binance announced its completion just hours ago, and yet TRX is in the red.

At press time, TRX remains the 12th largest cryptocurrency by its market cap and is trading at $0.0334 a coin, down -7.67%. For the month, TRX is down -33%, but in 90 days, the coin is only down -9.2%.

>> Google Co-Founder Sergey Brin is an Ethereum Miner!

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Tron [TRX] Independence Day Underway

Tron [TRX] is celebrating its “independence day” today, as its token migration is set to conclude later tonight. When this occurs, Tron will become completely independent from the Ethereum network.

Tron Independence

Originally, the TRX token distributed after Tron’s ICO was an ERC20 token, held on the Ethereum blockchain. Tron’s main net launched just over three weeks ago, and its developers tested the main net code to make sure it was ready to support the new TRX tokens.

36 cryptocurrency exchanges took part in the TRX token migration. The new TRX tokens supported on the Tron blockchain will be available to investors tomorrow.

Don’t worry, if you missed the deadline to put your TRX on a supported exchange, you can contact Tron directly, and they will handle the swap for you.

>> Crypto World Cup Day 11: Justin Sun vs. Tom Lee

Super Representative Election

Tomorrow marks the first day of the Tron Super Representative election. The individuals elected will be responsible for the governance of the Tron blockchain.

Governance has been a major issue within the cryptocurrency space, as many cryptocurrencies were formed last year off of “hard forks” based on disagreements with the overall consensus of a project’s direction. Prime examples include Bitcoin Cash and Ethereum Classic.

TRX holders will be able to vote the representatives in, but the more TRX you have, the more voting power you hold.

TRX Price Movement

At press time, TRX is trading at $0.0427 a coin, up 6.19%, in 24 hours.

While the cryptocurrency has only seen small spikes in its price in the last 30 days, the next coming months will make or break for the project. Many of its enthusiasts are “hodling” TRX tokens, but potential investors remain on the sideline – waiting for the project’s next move.

Big announcements and even “upcoming” announcements won’t boost the price of a cryptocurrency anymore – most investors now are educated and expect to see actual product results.

Time to put your $3 billion money where your mouth is Tron, or you may lose a lot more TRX enthusiasts.

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