Verge Secures Another Partnership Deal With TrafficJunky

After the underwhelming performance of XVG since the previous partnership the team is back again, less than a month since the flop with a new partnership, this time with TrafficJunky.

For those of you who have never heard of themTrafficJunky, an online advertising network, which claims to be serving more than 4 billion daily impressions, has highlighted it will start accepting Verge cryptocurrency as a payment option starting from Monday, May 7th, 2018.

The ads network made this disclosure a few weeks after Pornhub and Brazzer announced their partnership with the cryptocurrency.

Pornhub, an affiliate of TrafficJunky network, was not revealed by Verge until 75 Million in XVG was raised during an announced crowdfunding which was succeeded by plummeted market value and preceded by Verge hack that made many see the cryptocurrency as unsecured and in some cases, a “scam”.

How will this partnership work

A statement by TrafficJunky reveals that once the ink has settled on this so-called partnership users of Trafficjunky like verified advertisers will be able to fund their accounts using Verge and tap into the TrafficJunky network which serves over four billion daily impressions.

Rabih Boulmona, TrafficJunky’s Product and Operations Manager statement about the partnership

“Pornhub announced they’d be accepting Verge a little over two weeks ago and it was only a matter of time before we followed suit,” explains Rabih Boulmona, TrafficJunky’s Product and Operations Manager.

The statement mentioned that Boulmona as well revealed his team is “excited to provide yet another convenient and safe method of payment our members can benefit from.”

Backlash of the previous partnership

Skeptics have raised different denigrations of Pornhub-Verge partnership, claiming it is needless and not in the interest of the Cryptocurrency space. While it was noticed that immediately after the announcement of the partnership, the trade value of Verge reduced maniacally, however, looking at the cryptocurrency market today, Verge is trying hard to regain confidence.

In the last 24 hours, the price of verge has nosedived, however, it has been able to have around 10% increase in the last 7 days but nothing to get XVG investors excited or anything newsworthy, with the trade volumes have been stable and growth has been flat over the last month.

For more on the PornHub partnership check out my previous post here - Verge Announces Partnership - 17 April 2018 - Could be set for major gains

Verge Halving Is On The Way

A second piece of news from Verge yesterday announced its block reward halving is on the way, saying the cryptocurrency will be halving at block 2,124,000. Analysts who weighed in on the concepts maintained that the altcoin’s block reward halving will make the quantity of new XVG earned by miners, with each block transaction reduced to, maybe, half of the present amount in circulation. The idea may raise the price of Verge higher than it is in the market.

A release by Verge indicated that the move is part of its “predictable, transparent monetary policy.” But could be a tactic to get the XVG price out of the funk its been in since the bear run. Other alt coins have made major strides in the same period with less media hype. Coins like Sia, Tron, EOS and ADA have seen big increases in valuation over the last month which begs the question is the problem with the market or with XVG itself? Are they losing investor confidence? Have they got what it takes to take a bigger stake in the privacy coin market? Only time will tell

Have your say

Are you a verge hodler? What do you think of this new partnership? Since we haven't seen much uplift from that previous Pornhub partnership announcement do you think Verge PR campaign has been a bust? I'd like to hear from XVG investors so drop me a comment Vergens!

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Source:

• Ethereumworldnews
• Cointhud