Verge (XVG) – the famous private and anonymous coin that made people millionaires in 2017, is currently trading at $0.03 – slightly ticking up from the weekend. The future looks bright for this cryptocurrency as crowdfunding from the community has gathered 10 million XVG in the past 12 hours.
Successful Crowdfunding
“The Verge Team has been exceptionally active on all fronts recently. Our presence in the media has greatly increased, our development never stops and we continue to improve technology and bring innovation. With this being said, we believe it is time to take Verge to the next level and we need your help to do this. Our plan is to double down on the marketing effort and let the world know about Verge and its amazing technology. To do this effectively, funding is needed and thus we appeal to you, the Verge Community, to help us by donating $XVG.”
In October of last year, Verge announced that they would have a crowdfunding campaign but it wasn’t until yesterday that Verge (XVG) asked its community, collectively known as the VergeFam, to start donating. Since then, the community has contributed more than 10 million XVG, more than $350,000 worth. These donations will be used to fund the ledger nano hardware wallet, wraith protocol iOS enabled wallet applications, advanced marketing tactics which span the globe, and large-scale partnerships. The public has been cautioned to only follow the official Verge website and account so nothing like last weeks hack happens again.
Recovery from the Hack
Since the hacking from last week, the Verge (XVG) team seems to be back on track even better than before. Social media is one of the most popular forms of communication and advertising nowadays. Almost every cryptocurrency has a Twitter or some type of a social media account. As blockchain revolutionizes our financial world, 2018 may very well be the year we see it help progress other industries as well. While it is fairly hard to hack an exchange or a crypto wallet, the same can’t be said about social media accounts – as we saw with Verge the other day when it appeared that a hacker had taken over their account. The hackers made it seem like Verge was tweeting out to their followers to send money to false addresses. The status came off friendly: “Due to our growing success, we’ve decided to hold a giveaway! Send any amount of XVG to “they provided the link here” and receive double back!” According to the Verge blockchain explorer, the hackers had received a whopping 195 XVG (approximately $7) after they made the tweet.
This whole situation has left people very concerned with Verge’s future; but true experts of the market will tell you that this hack, indeed, had nothing to do with the XVG cryptocurrency coin or its blockchain platform, but rather is a flaw of twitter. This should not be a surprise to anyone up to date with the world we live in. The whole internet revolution is still unfolding in front of us and flaws in the system get loopholed everyday – blockchain, and more specifically Verge’s privacy strengths, set out to make things better. After seeing the 10 million XVG raised in crowdfunding today, doubters should start to feel confident.
Verge Mission Statement –
“Our mission is to empower people around the world by bringing blockchain transactions into everyday life. Verge currency makes it possible to engage in direct transactions quickly, efficiently and privately. With Verge currency, businesses and individuals have flexible options for sending and receiving payments. With the flip of a switch, we offer helpful integrations and tools that enable them to handle large scale transactions between merchants and small scale private payments.” https://vergecurrency.com
Anonymity and Privacy
The beauty of a public ledger on a blockchain lies in its transparency. However, for those who don’t want anyone to know their history from their wallet address, Verge (XVG) is the perfect coin. Verge uses multiple anonymity-centric networks: Tor and I2P. The IP addresses of the users are obfuscated and the transactions are completely untraceable. A lot of mainstream media outlets have given a biased look to Verge, but the Verge community knows what the currency is capable of.
Verge prides itself on being a symbol of progression in the cryptocurrency world as it is more secure and private than most cryptocurrencies we see in the market today. Verge (XVG) is known to have one of the most supportive communities on Reddit and forums alike – all of the development and marketing for Verge is done by the thousands of member of its strong community. The team is always active and in close contact. Accountability is the seed of blockchain. Verge offers a wide array of secure wallets for multiple operating systems – in fact, users can download a secure wallet when going onto the Verge websites homepage. Successful crowdfunding will lead to more updates.
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