Steemit Crypto Academy Contest / S8W3 - Steem and TRX Integration

in hive-108451 •  2 years ago 

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Image on cryptoexpress.com

By giving individuals a place to monetise their work, Steemit has completely changed the social media environment. The platform has developed a strong community of content providers by rewarding authors and curators with Steem tokens. Users of the site can now also receive Tron (TRX) tokens as a bonus thanks to the Tron network's sponsorship, which began more than two years ago. This essay will examine how many Steemians perceive the Steem and Tron integration, including its goals, ratio, claims, and advantages.


Purposes of Steem and Tron Integration


There are numerous goals for the combination of Steem and Tron. The Steemit platform first encourages people to produce and curate high-quality material. Users are encouraged to contribute more to the network since they can earn more benefits in the form of TRX tokens. Second, the integration seeks to broaden the appeal of both Tron and Steem. Both platforms can improve user experience by cooperating and utilizing one another's strengths. Users now have more alternatives for storing and exchanging their tokens thanks to the integration. Users may diversify their portfolios and better manage their assets by having access to both STEEM and TRX tokens.


Ratio of TRX Tokens on Payouts and History


The ratio of TRX tokens on payouts has changed over time. When the integration first started, the ratio was 1:1, meaning that for every Steem token earned, users also received one TRX token. However, the ratio has since changed due to market fluctuations and adjustments made by the Steemit team. At the time of writing, the ratio is 1:0.117, meaning that for every Steem token earned, users receive 0.117 TRX tokens.


Claiming and Withdrawing TRX Rewards from Steemit Wallet


The Steemit wallet requires users to have a Tron address to claim TRX payouts. Any Tron wallet, including TronLink, Trust Wallet, or Ledger, can be used to get the Tron address. Users can transfer their TRX rewards to the associated Tron address after obtaining a Tron address and linking it to their Steemit wallet.


Guideline on Linking an External Wallet with the Steemit Wallet to Claim TRX Tokens


Follow these steps to connect your external wallet to your Steemit wallet:

Go to your wallet after logging into your Steemit account.

Choose TRX as the currency and click the "Withdraw" button.

In the "Destination Address" section, type your Tron address.

Click the "Withdraw" button after entering the desired withdrawal amount in TRX.

Wait for the transaction to be processed after confirming it.


Feedback on the Benefits of Steem and Tron Integration


The platform and its users have benefited greatly from the integration of Steem and Tron. Users are encouraged to produce and curate high-quality content by offering additional benefits in the form of TRX tokens. The integration has also given both platforms a wider audience and given consumers more asset management alternatives. Several users, however, have had difficulties while trying to claim and withdraw TRX incentives from the Steemit wallet. The Steemit team must solve these concerns to guarantee a flawless user experience for all of its users.


Conclusion


For the Steemit platform, the merger of Steem and Tron has changed everything. Both platforms can improve user experience and increase their reach in the decentralized social media environment by cooperating.

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Hey pal

Thanks friend for writing quality post on steemit, but if you want to score higher In your grade ensure you write deeper and detailed contents with accurate and correct fact, in general I would say you have high potential and writing skills.

However, the ratio has since changed due to market fluctuations and adjustments made by the Steemit team. At the time of writing, the ratio is 1:0.117, meaning that for every Steem token earned, users receive 0.117 TRX tokens.

This is wrong friend the ratio of TRX : Steem is 0.5: 1, that is say you receive 50 steem power, you would automatically get 25 Tron and that continue as your reward varies and until the team decide to change the ratio again.

Thanks for sharing, please vote and comment on my entry.

https://steemit.com/hive-108451/@starrchris/steemit-crypto-academy-contest-s8w3-steem-and-trx-integration

You have written well though not indepth about the topic under review. You have stated the purpose of the integration which is foe both blockchain users to benefit and in turn help the both ecosystem grow. You didn't show the practical approach to claim reward and the practical approach to connect your steemit TRX wallet to an external wallet. I wish you success my friend.

Thank you bro

Hello @sir-charles-jude,

Thank you so much for sharing with us, but you need to do some more research when you are posting in Steemit Crypto Academy. I hope next time you will educate us with your quality blogs. I wish you all the best in this competition. Success!

Regards,
@malikusman1

Thank you