What is TRON and Tronix (TRX)

TRON is a blockchain project dedicated to the establishment of a truly decentralized Internet and its infrastructure. The TRON Protocol, one of the largest blockchain-based operating systems in the world, offers public blockchain support of high throughput (fast), high scalability (growth), and high availability for all decentralized applications in the TRON ecosystem. People or projects who want their own Tokens, like SPADES, can create their own Token on the TRON network.

What Is Tronix (TRX)?

TRX is the native, and parent coin used to pay for blockchain transactions by all the Tokens create on the TRON network. TRX is also a coin in itself that can be used to pay for games, as currency in gaming, or to reward creators directly for their products, services, or content. The coin can be used by content creators to pay for various services on the network as well.

In TRON network, any account can apply to become a super representative candidate. Every account can vote for super representative candidates. The top 27 candidates with the most votes are the super representatives. The top 127 candidates (including 27 SRs) can be awarded according to their voting rate. Super representatives will be obligated to generate blocks and package transactions, as well as corresponding voting rewards and block rewards.

TRON Representatives and Governance:

In TRON network, any account can apply to become a super representative candidate. Every account can vote for super representative candidates. The top 27 candidates with the most votes are the super representatives. The top 127 candidates (including 27 SRs) can be awarded according to their voting rate. Super representatives generate blocks and package transactions, as well as corresponding voting rewards and block rewards.

Freezing (staking) TRX tokens results in energy and bandwidth required to interact smoothly with the network as well as the increase in voting power of voting for Super Representatives.

Staking rewards are distributed by the Super Representatives depending on the rules that they have set. More information can be found by joining TRON telegram  group.

Please see our FAQ on how to Stake Tron in a Trust Wallet, it works more or less the same irrespective of what wallet you use. There is also a video at the bottom of our “Get-A-Wallet” page on staking. Staking is a good idea as it gives you the energy and bandwidth needed to make transactions using your SPADES Tokens without any additional blockchain charges.

Learn how to “stake” here.,