Was Christmas a letdown?
It’s been a tough start for the CryptoCurrency community with the market following the trends of the 2018 bear market. The light is starting to show amongst alt coins with Ethereum showing positive gains over the past week. XRP has shown positive stabilisation while adoption and base pairs are building
BIITRUE follows through
BiTrue is a Singaporean CryptoExchange who aims to be the biggest XRP-Based exchange. BiTrue made claims near the end of 2018 of additional XRP-Based pairings. This has come to fruitition with an additional of 4 pairings. BiTrue has kept true to the promise and continues making a dominance stance on a XRP as their base currency with their Crypto Exchange owning 2% of XRP’s total market.
The community has spoken
The four new pairings chosen by the community are: HOT (Holo), PRO (Propy), NPXS (Pundi X), and DNT (District0x).
What is Holo (HOT)?
Holochain is a distributed computing network that may perform faster than blockchain technology. It is claimed to have infinite scaling capacity through peer-to-peer networking, so that as distributed applications are added there is no degradation in the performance of the network. The Holochcain uses HOT as the unit of cryptocurrency.
What is Propy?
Propy is aiming to create a decentralized, global property store. This online store will rely on Propy Registry, built on ethereum blockchain to track global real estate ownership, as well as PRO, a utility token to enable the development of a thriving, self-sustaining ecosystem around this database and token holders.
What is Pundi X?
Pundi X is the project that wants to make spending crypto as easy as a credit card. Creators of the NPXS token hope that it will one day be used on their Ethereum-based Point-of-Sale devices. This approach could give basic banking services to underdeveloped regions like Latin America and Indonesia.
What is District0x?
According to Braddymck (Community Manager). “it is a platform for people to build platforms similar to Uber or Airb&B. Though I must say, that is selling it short because Uber and AirBnB are limited use cases for community marketplaces.”
DNT is required to be a part of the network in many ways.
- The district0x Network Token is a multi-utility token which is required for application to the district0x Network
- Will be utilized in an incentivized voting game to dictate access to a suite of supplementary services exclusive to network members
- DNT Will be staked to deposit pools to mint tokens providing district-specific voting rights in corresponding Aragon entities.
- Will be used to signal support or disapproval for proposals made by network participants. For an early example of how this will look, you can use the Voting dApp. This however will be significantly more advanced and modular in its governance structure after the Aragon mainnet launch.