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In a series of tweets on September 21, the founder of Tron Justin Sun has made an announcement of a new staking plan with TRX incentives for users and partners of Tron.
‘A fair, decentralized distribution of staking revenues’
Tron keeps working on ways to engage users and partners, along with crypto exchanges. To do that, on his Twitter page Justin Sun has published Tron’s new program regarding TRX staking and rewards.
New Staking #TRON Partners $TRX Incentive plan coming:
— Justin Sun (@justinsuntron) September 21, 2019
1. A fair, decentralized distribution of staking revenues, encouraging greater user participation and smoother engagement with staking from more wallets, exchanges and partners.
Incentive plans with more possibilities for future development
Planning to bring more active members of the Tron community and to build a stronger economic system on the Tron network, Justin Sun intends to increase voters’ turnout and to bring in a higher stake ratio.
Overall, Sun promises to improve the mechanism of consensus and introduce more incentive plans that would offer more possibilities for future development of the Tron ecosystem.
3. Fewer unnecessary dividend distribution transactions, leading to less bandwidth consumption and greater network robustness.
— Justin Sun (@justinsuntron) September 21, 2019
4. A foundation for more complex consensus and incentive plans, signaling more possibilities for future development.
As per the company CEO, there will be more partners and Tron will introduce a greater degree of decentralization.
5. More #TRON nodes and Partners. Greater decentralization. More global and community participants.
— Justin Sun (@justinsuntron) September 21, 2019
Sun also says that the team has optimized the mechanism of staking users getting their profits.
#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.
— Justin Sun (@justinsuntron) September 21, 2019
Tron’s BitTorrent Live launches beta trials
Apart from working on new developments, Tron and its partners are releasing new products already. As per the BitTorrent’s Medium blog, the platform has launched the beta testing version of its BLive (BitTorrent Live) streaming app.
BLive works on both Tron and BitTorrent protocols. It is being positioned as a tool for live streaming audio and video and with an option of instant messaging. Users can reward their favourite content makers with BTT, as U.Today reported earlier.
BitTorrent has over 100 mln monthly users and Tron hopes to attract them to use BLive. Justin Sun commented on that, saying:
“This is a bold move in the application of the 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.”