Steemit Crypto Academy week 2 | Homework task for @yohan2on | T2X Dapp.

in SteemitCryptoAcademy3 years ago

Explain at least one Decentralized application built on the Tron Blockchain showcasing the unique features of the dapp and its relevance to the current economy.

The DApp that i am going to talk about in this homework task set out by @yohan2on is T2X.

What is T2X?

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T2X is a highly lucrative STAKING DApp build on tron blockchain for stakers in june 2020. Here users purchase T2X token from TRX and than stake T2X toekn. As it is a staking app, users receive daily interest in the form of T2X proportionate to the amount staked and also recieve interest on percentage of the overall amount of TRX that enters the Auction Lobby daily.

Achievements of T2X. 1

T2X was launched in june 2020 with following Roadmap and good thing which reflects credibility of adminstrators is that they have met success in all these areas .

Staking and Divident platform development.

This goal has already been achieved. As i mentioned in the beginning, it is a staking DApp which rewards its participants at 95% divident structure and weekly paydays. @

Revenue sharing swap portal.

T2X launched its own revenue sharing portal with some unique features like drip dividend structure, liquidity provider rewards, T2X buy back and burns.

Smart contract developments.

To imcrease usuability of token, T2X has launched its own open source smart games and other dapps.

How to start earning T2X?

To earn T2X as rewards on T2X, first a user need to buy T2X token to be staked. For that go to Staking portal of the app and enter into Auction lobby . Than stake the T2X to earn more of them as rewards for Staking. Staking T2X for at least 5 days gives one bonus day. On bonus day 2x rewards are given as compared to other days. If stakes are closed prematurely, 100% penality has to be paid.

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What are daily auction lobbies?

Auction lobbies are those lobbies which offer T2X for TRX based on T2X and TRX pool. Auction lobbies are thought to be more profitable than exchanges. T2X pool usually start from 5 million but never goes below one million.

Thanks @yohan2on


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Hi @drqamu

Thanks for attending this week's lecture and for submitting your homework.

Homework task accomplished successfully

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