CRYPTO ACADEMY | SEASON 4 | INTRODUCTORY POST | TASK-1 | TRON ECOSYSTEM.

in SteemitCryptoAcademy3 years ago

THE DIFFERENT Dapps ON TRON ECOSYSTEM.

SUN.

This platform is the first one-stop platform in TRON that supports the swapping of stablecoin, mining of token and even self-governance. It provides the community members of TRON with good prices for swapping stablecoins and some more diverse channels of mining.

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The platform has launched some stablecoin swap pools that supports the swap between tokens like the USDT and TUSD. It also has a good security and it is very efficient. It has a handling fee that is much lower than that of other swapping platforms. Users who use the platform are able to receive more tokens when they swap large amount of tokens, this is because of the lower transaction slippage.

zkWrapper.

The zkWrapper decentralised application is a product of the JUST foundation that was upgraded from JustWrapper to zkWrapper. It is an anonymous Dapp that is used for trading and it is built on the TRON blockchain. Their users are always enjoying shielded transactions.

Poloni DEX.

ThePoloni Platform is a decentralized exchange that is under Poloniex. It has good liquidity, and so .any tokens are tradable on the Poloni Dex platform.
It is a very safe Decentralized Exchange with a lot of transparency and they do not charge any transaction fee.

Other Dapps on Tron ecosystem include;
• JUST
• Justlend
• Justswap

USES OF SOME DEFI APPLICATIONS.

JUSTSWAP.

• It is used by traders to swap TRC-20 tokens.
• It is also used to earn transaction fees and mining rewards by being a Liquidity provider.
• It is used by developers to launch their Decentralized Applications.

JUSTLEND

• It is used by people to borrow tokens.
• It is used by people to supply tokens and earn interest.

sun.io

• It is used to swap stablcoins.
• It can also be used to mine tokens.

HOW TO OPTIMIZE MINING REWARDS BY STAKING TRC TOKENS ON SUN.IO

To optimize your rewards on sun.io, you need to stake and lock your rewards on the Stake and Lock SUN pool, to do this;
• Visit the platform's website at sun.io
• Select Deposit, then you will be taken to a page where you will supply the necessary details.
• Choose the period of time that you want to lock your TRC tokens. Choose the amount of tokens that you want to lock.
• Click in the "Deposit" button, sign the transaction and your tokens will be deposited.
After the end of the locking period, you will get your SUN token in addition with TUSD which is 50% of the trading fee of the platform.

Example
If the proportion of your mining in your first month is 3% and the total proportion for the mining is 10.5%, then the amount of SUN that you will earn as reward is about 597,021,900.

CONCLUSION

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Tron has been acting as a direct challenge to the giant media industries like Amazon and evwn Netflix. It has the aim of decentralizing the Web and to also eliminate the corporate middlemen involved in the media consuming process. This has been actualized by the Decentralized Applications available in the ecosystem already.
Appart from the present cryptocurrency boom, the future success of Tron seem to be very promising because of the DApp projects that keep coming from it.

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