TRON CEO Justin Sun today promised a new TRX revenue staking plan for all players in the TRON network. In multiple tweets on September 21, 2019, Sun stated that users, partners, and crypto exchanges which are involved in the TRON network would experience a decentralized and fair distribution of TRX incentives.
Fair, Decentralized Revenue Staking
The revelation by the TRON Chief is one of the ways that TRON is working on to ensure that it engages users, crypto exchanges, and partners, with equitable TRX staking rewards.
Justin Sun
✔@justinsuntron
The incentive plans focus on the future development of the network. TRON seeks to draw more active members to its ecosystem and to create a stronger economic system. To achieve this, the CEO and Founder Justin Sun intends to increase voters’ turnout and to initiate a higher revenue staking ratio.
Generally, Sun is committed to improving the mechanism of consensus and introducing more incentive plans that would open more opportunities for the future development of the TRON community.
Justin Sun
✔@justinsuntron
2. Greater voter turnout, along with higher stake ratio across the network, which will bring about a more active community and a more robust network economic system, increasing the lock-up amount from users within the #TRON ecosystem.
Justin Sun
✔@justinsuntron
3. Fewer unnecessary dividend distribution transactions, leading to less bandwidth consumption and greater network robustness.
4. A foundation for more complex consensus and incentive plans, signaling more possibilities for future development.
According to Sun, the new plan will attract more partners, as TRON launches a higher level of decentralization.
Justin Sun
✔@justinsuntron
3. Fewer unnecessary dividend distribution transactions, leading to less bandwidth consumption and greater network robustness.
4. A foundation for more complex consensus and incentive plans, signaling more possibilities for future development.
Justin Sun
✔@justinsuntron
5. More #TRON nodes and Partners. Greater decentralization. More global and community participants.
The CEO also mentioned that the TRON team has already optimized the method of staking for users to get their incentives.
Justin Sun
✔@justinsuntron
5. More #TRON nodes and Partners. Greater decentralization. More global and community participants.
Justin Sun
✔@justinsuntron
#TRON Partner Staking & Vote Reward: for each block, the most-voted 127 nodes (TRON partners) will receive TRX rewards in proportion to the votes they get. The total reward for one block is 160 TRX. We have optimized the way staking users can get returns.
Beta Phase for TRON’s BitTorrent Launched
In addition to laying strategies for new developments, TRON and its partners are already launching new products. TRON’s BitTorrent has already launched its beta trial version – Blive (BitTorrent Live) streaming app, which operates on both TRON and BitTorrent protocols.
BLive will be used for live streaming audio and video and users will be able to reward their favorite content creators with BTT Token. On the side, it will also offer instant messaging.
Speaking about the new development, TRON Chief Justin Sun said:
“This is a bold move in the application of blockchain technology. We’re so pleased with internal testing that we wanted to get test versions in front of consumers months earlier than planned. By introducing mainstream, circulating tokens TRX and BTT for gifting users, BLive will usher in an age of token economy.”
BitTorrent attracts more than 100 million users monthly and TRON aims to draw them to use the BLive app.
Featured image: elevenews.com