What I Think Of The STEEM TRON Combination
It’s been what feels like ages since TRON and STEEM started to get into bed with one another and so far there hasn’t been much integration between the two apart from some TRON dapps advertising on Steemit. Then suddenly boom TRON is now integrated with STEEM wallets this week and everyone is abuzz with excitement, oh what a difference a deploy can make.
If you knew anything about STEEM you’d know that moving it to the TRON network would be so painful and not worth it, this chain has unique features that aren’t all that compatible with TRON and should remain on its own, a lot of users were scared that their STEEM would be merged into TRX-10 or 20 tokens due to some miscommunication and I can understand the worry.
Many people put lots of time and money into STEEM to build it into what it is today and would like to protect their investment. Now, however, with the two working side by side, I think it’s great for both chains and shows that chain interoperability is possible in all sorts of ways.
What do you think of the integration of Steemit and the TRON ecosystem?
I think its an interesting jumping-off point and immediately helps TRON distribution by putting it in the hands of more STEEM users, that should increase the activity on the TRON network as well as open a tonne of new wallets on the TRON chain. While you can earn great TRON it’s still not as useful as I would like it to be, I would like to have the ability to move STEEM onto TRON as a wSTEEM and be able to trade my STEEM on TRON dex’s like JustSwap.
I would like to be able to create liquidity pools to allow DEX users to get STEEM and move in and out of the network and give it a try which I think is important for the growth of both chains. I would like to see more DE-FI users for STEEM, and I would like to see more on-chain uses for TRON.
For example, having TRON delegations and having TRON as a tradable asset on the STEEM internal market.
I would like to see Just Stable coin pegged with SBD to help maintain the peg and bring SBD as an asset onto the TRON network too.
Do you think this TRX integration will bring more TRON users to Steemit?
TRON has quite a big name in the crypto space, and having the ability to earn the token constructively is huge. I am sure the community will want to get involved now that they can earn TRX. Hopefully, TRX users can convert the SP they earn to TRX easier too so they can use the coin they like best.
I do expect this change to bring new users to check out and use steem.
Will this addition of TRX to the rewards encourage more people to join Steem?
I think doubling the rewards on STEEM should encourage people to want to join especially in the bull market as Bitcoin becomes more experienced users are going to look for ways to increase their stake in cryptocurrency without having to only spend money on buying coins.
Having an easy to use website with users to engage with and it doesn’t feel like “work” is a great way to get users to join the platform, so even if they don’t like STEEM as a coin, they can focus on TRON and enjoy the additional liquid rewards in TRX while their STEEM rewards can remain locked up and earning them a return in curation and staking rewards.
How can you optimize the amount of TRX you earn?
If you power up all your posts to 100% you’ll net yourself an equal amount of TRX since TRX is only paid with a STEEM Power peg, liquid STEEM won’t count towards your earnings so always make sure you are earning by powering up %100. You can always power down your STEEM later should you wish to use it for something else later.
What will you do with the TRX you earn on Steem?
I will continue to earn TRX to put into yield farming I have already been doing on the JustSwap site as well as on Sun.io, and I would love to see Sun integrated with STEEM in the future.