Hello everyone, here is another post on the “TRON and Steemit Integration Celebration Challenge”. To be sincere, everyone is still overwhelmed about the integration and it looks like the hottest news in the crypto world since the beginning of the year and in this post, I will be writing about my thoughts and what I feel can be done to strengthen the union of Steem and Tron.
We want to hear your thoughts, views and ideas - @steemitblog
Before I share my thoughts on the integration and what I will like to see after this integration you can check my previous posts on the TRON and Steemit Integration Celebration Challenge so you can understand how the TRX reward is earned as well as how you can use the TRX earned. I will share links to my previous post on this challenge below my post.
Disclaimer: I am not a developer neither am I a member of the Steemit team. Everything written on this post are thoughts and ideas on how I will like to see the integration union grow stronger. Nothing here is part of Steemit/Tron’s plan and if any of this become part of their roadmap, then it should be regarded as a coincidence.
TRX reward will surely lead to increase in SP
In case you did not know, Tron TRX integration was introduced to Steemit reward system allowing users to earn Tron according to the SP that users get as reward at a ratio of 1SP: 1TRX. With this, when users vote on post and expect to get curation rewards, they will also get equal amount of TRX according to the amount of SP expected. Not only singular to curation reward, authors also would earn TRX on post rewards depending on the SP the gets paid at the end of seven days, so users who want to earn more TRX through curation rewards will have to power up more Steem as Steem Power which will by the algorithm lead to an increase in TRX and Steem Power reward but then;
- What happens to the TRX that users get as rewards?
- How can we keep the TRX in the ecosystem rather than having them on exchanges?
Create Dapps or easy portal to Tron Dapps on Steemit
How will this TRX not be seen as free money for holding Steem Power? When users see a coin as free money, it gets to the market very fast and this would always affect the price of the coin and in this case, if TRX is seen as a free coin, it would get to the market very fast.
screenshot and edit from my steemit wallet
Some people do not know a lot about Tron DApps and for Tron to keep its Token out of the market, DApps on Steemit that requires TRX to participate in can be developed which will allow users to have a very good use of their coin. On the other hand, a one click portal leading to the existing Tron DApps can be integrated into Steemit. With this, the TRX earned as rewards on post will not get to the market easily.
Let TRX be Staked to serve as Resource Credit (RC)
Another way to keep the TRX earned out of the market and very useful to the community is to create a staking process where the TRX staked will serve as resource credit which is needed to transact anything on the Steemit ecosystem. When users do not have enough resource credit, they have to stake more TRX or they will wait for their resource credit to get full. While Steem Power will determine the value a user gets on post, TRX can serve as resource credit.
Screenshot from steemitdev post
Stake TRX to get Steem/TRX as ROI
I can’t say for sure what the return on investment would be, but having TRX staked on the Steemit ecosystem for a reward in Steem/TRX at the end of a particular period of time is a good way to keep the coin in use and not to be dumped. Since cryptocurrency is an investment instrument, people are now concerned with getting returns on their investments just as they are concerned with LAMBO or Bull run.
My Thought
The TRX reward in the Steemit ecosystem is a good addition to Steemit and a good reason why users will want to invest in Steem but while people are investing in steem, creating an avenue on the Steemit ecosystem to utilize the TRX coins earned from activities will be an added development.
To Be Continued...
Links to my Previous Post
On a final note, i want to give a big kudos to the person(s) handling the @steemcurator01 account, it isn't an easy task reading through a lot of publications
Thank you for taking part in the TRON and Steemit Integration Celebration Challenge.
And thank you for setting your post to 100% Powerup.
Keep following @steemitblog for the latest updates.
The Steemit Team
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