Home Work Task of Tron Fan Club Tutorial || Basic Understanding Of TronLink and Tron Staking

in Tron Fan Club2 years ago

INTRODUCTION

Good day dear steemians of this community, I'm glad I'm able to be writing another Homework Task this week and I hope you'll enjoy it. Since today is Friday and it'll be a great opportunity to complete the homework task and write another Tron Staking, so it's a win win situation. Without wasting much of your time. Let's get started...

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Question 1. What Do You Know About Tronlink Web Wallet?

Tronlink web wallet is a browser extension wallet that offers the the ability to send, receive and complete transactions. It's a web wallet that grants the ability of any other ordinary wallet apps. The wallet has some robust encryption that secures any transaction been carried out online. This web wallet can also be used to import existing Tron wallets account or can create new account for new comers. Since it's a based on chrome extension, you are given a private key used for securing and completing transaction. This type of Tron wallet offer many features like Staking TRX, Voting for Super Representatives (SRs), Storing, Transferring, & Trading of many TRC based tokens, and many more...

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Question 2. How To Stake Trx To Receive Tron Power/energy And Tron Power/Bandwidth?

Staking your TRX is like powering up on steemit, it gives you special access to vote for SRs which in term gives you rewards for choosing them. 1 TRX gives you 1 Tron Power that can be used to vote for SRs, while Tron Energy and Bandwidth are like the fuel needed to cast your votes on SRs, just in steemit how you have voting energy, the same thing applies to TronLink, these Energy and Bandwidth serves as fees needed to vote so you won't have to use your stored TRX as transaction/gasfees.

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Now you know the meaning of Staking, Energy And Bandwidth. Let's stake some TRX...


  • Staking TRX to receive Tron Power and Energy

Step 1

Go to TronLink and choose your specific account (If you have more than one account), click on this option "Stake".

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Step 2

It will take you to this new page that contains all information about staking.

  1. To select between energy and Bandwidth, I've chosen Energy.
  2. Amount of TRX you are staking
  3. The amount of votes you are to receive, it's always equivalent to your staking amount.
  4. The amount of energy you are to receive.
  5. The confirmation to stake your TRX.

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After all these have been transacted, you'll receive your voting amount and energy.


  • Staking TRX to receive Tron Power and Bandwidth

Step 1

Go to TronLink and choose your specific account (If you have more than one account), click on this option "Stake".
(Same Image as step 1)

Step 2

It will take you to this new page that contains all information about staking.

  1. To select between energy and Bandwidth, I've chosen Bandwidth.
  2. Amount of TRX you are staking
  3. The amount of votes you are to receive, it's always equivalent to your staking amount.
  4. The amount of Bandwidth you are to receive.
  5. The confirmation to stake your TRX.

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After all these have been transacted, you'll receive your voting amount and Bandwidth.

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Question 3. How To Vote For Witnesses?

After you must have successful staked your TRX, go back to your home page and click on "vote" option.

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You'll be greeted with such a lovely interface, here you can find all the Super Representatives (SRs) and there estimated yield if you vote on them. I choosed Blockchain.org due to the high percentage of yield.

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Confirmed the transaction by typing in my password. And with that you have successful voted for a SR.

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Question 4. How To Claim Your Rewards

After 6hrs I came back to receive my rewards, I clicked on the "vote" option at the home page then I clicked on claim rewards option. After that I inputted my password and I was successful given my rewards.

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Proof of successful transaction. Link to transaction

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Conclusion

This concludes my entry in this task, my suggestion is that don't let your TRX sit in your wallet dormant, stake it and use it to vote for SRs and contribute to the Tron Blockchain and earns rewards, with our little efforts we can grow TRX little by little. Thanks for reading...

All Images used was designed/taken by me with my phone


Cc
@engrsayful
@sagor1233

Note:10% to community account (@tron-fan-club)

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Great, well explained with simple details

Your post has been successfully curated by our team via @irawandedy at 20%. Thank you for your committed efforts, we invite you to do more and keep posting high quality posts for a chance to win valuable upvotes from our team of curators and why not be selected for an additional upvote later this week in the Top Seven.

I appreciate your efforts @irawandedy.

 2 years ago 

Thank you very much for your participation and hopefully I shall check it very soon

Ik grateful for your reply, I hope you'll have time to read it. Thanks

You have completed your homework very efficiently. Your post has been excellent.

Thank you for your positive comments, I'm happy you read it all.

You've completed your homework tax very efficiently, which I'm glad to see. And many, many good wishes for you

Thank your very much
I'm happy you read it.

You finish the homework with perfect answer and very well explanation about staking Tron

A valuable homework Task post by you. It seems you have sacrificed much time to complete this task. Great work.

I'm really happy you enjoyed the post, thanks for reading....

You are welcome

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