Tron CEO Justin Sun Announces New Staking TRX Incentive Plan for Tron Partners

Libra Coin News
Sat, 09/21/2019 - 09:30
Yuri Molchan
Head of Tron promises a fair and decentralized distribution of staking revenues to encourage bigger participation of users, partners and crypto exchanges
Cover image via U.Today
Contents

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.

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.

As per the company CEO, there will be more partners and Tron will introduce a greater degree of decentralization.

Sun also says that the team has optimized the mechanism of staking users getting their profits.

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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.”

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.