The question i chose(2)
What are the different dApps in the Tron ecosystem are you familiar with?
What are the uses of DeFi applications like Justswap, JustLend, and Sun.io?
How can you optimize mining rewards by staking TRX and other TRC20 tokens in Sun.io? Examples? .
Introductory words
When Tron moved to its own blockchain network independent of Ethereum, it became a public blockchain platform supporting DApp development.As of September 2018, Tron operates 18 dApps.Ethereum has a low transaction processing speed (TPS) per second, which causes a lot of dapp bottlenecks, while Tron's processing speed is 2,000 TPS, and can support a large number of users using the fast Delegated Proof of Stake (DPOS) consensus algorithm.
It is also possible to migrate websites and operating services to the Tron blockchain. Also, unlike Ethereum, which charges a high gas fee, Tron does not charge a transaction fee, so DApp users and developers can use the blockchain more simply and conveniently. Payment wars currently (Peiwo), and some diaeps operating in Tron-based games, such as dot-com (Game.com), also coming Tron expects various diaep block chain projects based on the Tron platform to come to four major launches.
What are the different dApps in the Tron ecosystem are you familiar with?
In the first question I will choose three dapps in the tron ecosystem that I know.
- STEEMIT
- FORSAGE
- BITTORRENT
STEEMIT
Steemit is a blockchain-based social media created to break away from the uniform structure of YouTube and Naver, where platforms dominate profits over creators. Unlike these giant media platforms, Steemit has an innovative structure that distributes profits to content creators who write articles and those who support them.
But Steemit is too difficult.This is a hassle compared to existing services that emphasize convenience and usability, and users themselves have a lot to learn. Nevertheless, there are many people who are exploring the ideals of Steemit and the ecosystem created through it.
Easy Steemit does its best to allow anyone to easily participate in the ecosystem and experience the world of blockchain.
Starting with a cartoon explaining the concept of blockchain, it is made with lots of data and images for readers to enjoy Steemit easily and fun. I hope this book will be of great help to you in enjoying Steemit and the world of blockchain.
FORSAGE
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FORSAGE is Global decentralized ecosystem. Decentralized marketing powered by innovative smart contract technology. Forsage's smart contract code is completely public, giving you complete trust in the security and long-term operation of your project.
Other members' profits go straight to their personal wallets. There is no inventory in the system and the income is only with you.
The Forsage smart contract is a gateway that will facilitate peer-to-peer fee payments between users.
There are no admins, just content creators who, like everyone else, are equal contributors to this project. Smart contracts are public. Anyone can view the code and complete the transaction history.And this is a system integrity and real project statistics. All funds are transferred between members and there are no hidden fees. Contract balance is always zero.
BITTORRENT
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BitTorrent is a communication protocol technology that can transmit and share data files peer-to-peer. Torrent technology has changed from the days of downloading media elements one by one from the web hard to the era of exchanging files in defragmented formats. This torrent technology was reborn in the form of BitTorrent Token (BTT coin) after Tron in China took over.
In addition, Justin Sun, general manager of Tron, has created the world's largest P2P marketplace by combining the infrastructure of the BitTorrent platform, which has 1 billion users worldwide, and Tron's blockchain technology.
This change has created a new way of global payments, when paying for online content.As a result, BitTorrent allows people to easily create content and share content with hundreds of millions of users worldwide using distributed computing without intermediaries.
BitTorrent Token (BTT) went public in 2019. It is a TRC-10 utility token compatible only with the TRON blockchain that allows BitTorrent users to provide services in exchange for that token, and is currently the largest peer-to-peer (P2P) network on the blockchain, BTT is one of the most popular altcoins on the market, having surged more than 2500% in 12 months, with experts predicting that BTT will continue its stellar performance this year in 2021. Exchanges that can trade BTT include Binance, Bithumb, and Upbit.
What are the uses of DeFi applications like Justswap, JustLend, and Sun.io?
Decentralized Finance (DeFi) is a financial relationship established with funds formed in various businesses, companies, families or individuals.DeFi belongs to a financial application ecosystem based on a blockchain network.
The term “decentralized finance” can refer to the movement to create an open, free, and transparent financial services ecosystem that can be used by everyone and operated without government interference. Users have full control over their assets and interact with the ecosystem through peer-to-peer (P2P) networks and decentralized applications (Dapps).
JUSTSWAP
JustSwap is a decentralized exchange (DEX) on the TRON Network blockchain.The TRON blockchain allows the use of TRC20 tokens. JustSwap implements trading platforms, staking and pharming tools through liquidity pools. We will tell you about the features of the exchange and provide instructions on how to work with them.
JustSwap exchange launched in 2020. It is the first DEX platform to use the TRON blockchain. Unlike the Ethereum network, which is the standard for DeFi projects, the TRON Network processes transactions faster and does not require high fees due to the lower network load.
The exchange protocol uses an automated market maker (AMM) and a liquidity pool system. The population of the population is maintained by users: liquidity providers are rewarded in the form of TRC20 tokens.
Usually rewards are paid in TRX or ANN. Also, liquidity providers earn TRX LP tokens in proportion to their share in the pool. TRX LP can be used for staking. JST is the native token of the Just Network project, and a tool for converting SUN tokens has been implemented on the JustSwap exchange.
There are no limits or commissions for deposits and withdrawals in Just Swap. Commissions are charged only for trading operations to form a prize pool for liquidity providers.
JUSTLEND
JustLend is a TRON-based DeFi that aims to create pools of funds with interest rates determined by an algorithm based on supply and demand.
At a time when digital assets connect every user in the blockchain ecosystem, and as the volume and variety of transactions grows rapidly, JustLend tries to meet the growing demand for more accurate and diverse decentralized financial.To distribute Tokens matching underlying assets to user accounts at their exchange rates. Thus, the benefits for both borrowers and lenders are:
- For borrowers: sell assets or borrow usufructuary rights.
- For lenders: receive interest on assets.
On a peer-to-peer platform where borrowers are matched with lenders, user assets are loaned directly to others.
In other words, JustLend consolidates each user's offerings, which increases liquidity and ensures a better cash balance.
Suppliers can withdraw assets at any time without waiting for certain loans to expire, which theoretically provides them with significantly higher liquidity than their counterparts. The assets supplied to the market are designated as tokens (TRC-20 token balance). And token holders can buy the corresponding token by providing and following certain rules to earn interest.
SUN.io
SUN.io is to acquire the most outstanding JustSwap "SUNSwap" TRON central exchange in the ecosystem. liquidity mining, stablecoin exchange, staking, governance and more. To help the TRON DeFi ecosystem by focusing on the DEX system.In addition, SUNSwap's native utility token, SUN, will be used to manage the platform, reward liquidity providers, and buy back tokens with platform revenue, further strengthening TRON's initial desire to benefit the wider community.
Since entering the DeFi industry, TRON has established a healthy DeFi ecosystem with SUN and JST tokens as the main tokens.In the future, SUN will use the previous SUNSwap Just Swap, which integrates trading of all TRC20 tokens powered by the AMM algorithm, and Sun.io, which integrates the existing TRON stablecoin ecosystem including USDT, USDC, TUSD, and USDJ, for decentralized trading.
Will be the platform symbol.JST is the backbone of the JUST TRON ecosystem, where USDJ first came into the limelight as a token platform. Now integrated into the JustLend platform, it is the platform token of the TRON decentralized lending protocol and the basis of the entire decentralized finance ecosystem on TRON.
How can you optimize mining rewards by staking TRX and other TRC20 tokens in Sun.io? Examples?
Now I will give an example of how to optimize the reward from mining by staking TRX and TRC2O tokens on SUN.io.
There are several steps that must be taken to optimize the TRX and TRC20 tokens for more clarity I will provide reviews and examples with the following screenshot results :
- The first step we have to install the tronLink ap on the google play store of you using android.
- Then click "Discover" and select SUN, or we can using Sun.io site and connect the wallet.
- If we have succeeded in connecting sun.io with tronLink, then we can already take advantage of all the features available in Sun.io
We can do staking, farming, and many other to optimize mining rewards.
Instead of hold TRX in a wallet without being able to generate rewards, we can staking TRX to get rewards.
- And we can locking sun to get rewards.
#club5050 😀
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