Steemit Crypto Academy Contest / S8W3 - Steem and TRX Integration
Greetings everyone!
Throughout my research and analysis , I have gained a deeper Understanding of the Intricacies of steem and Tron integration, & i believe my insights will be valuable to other crypto enthusiasts . I will be Discussing the Benefits of the integration , how it can help in overcoming challenges
What do you know about Steem and TRX Integration? What are its purposes? |
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As a crypto enthusiast i have alway been interested in the potential of blockchain technology . This week's Steemit Crypto Academy Season 8 eeek 3 contest on steem & Tron integration has opened my eyes to the possibilitie of combining blockchain network to create a more robust and efficient platform .
the integration of Steem and Tron combines the best of both worlds. Steem's social media & content creation features can be combined with Trons scalability and speed providing a faster and more efficient blockchain ecosystem. as someone Who creates and consumes content on social media I can see how this integration can lead to a better User experience with faster transaction speeds and more advanced features .
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Moreover the integration can facilitate the use of STEEM Cryptocurrency on the Tron blockchain enabling more opportunities for cryptocurrency payments and transactions. This cross chain functionality is an exciting development that open up new possibilities for blockchain technology.
What is the ratio of TRX tokens on our payouts? Also, give the history of this ratio (how it changed time by time). |
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As a Steemit user I've noticed the option to receive payouts in either STEEM or TRX token . While I am Familiar with the basic of cryptocurrency I wasnt quite sure about the TrX payout ratio and its history .
After some research I found out that the TRX payout ratio is currently set at 50%. This mean that if i choose to receive payouts in TRX i will get half of my earnings in TRX token while the other half will be paid out in STEEM tokens . this gives me the flexibility to receive my earning in two different cryptocurrencies which can be useful for diversifying my portfolio and taking advantage of different features .
I also learned that the TRX payout ratio has changed over time . Initially when TRX payout were first introduced user could only receive 25% of their earnings in TRX while the remaining 75% was paid out in STEEM tokens . However as the integration b/w steem and Tron progressed Steemit increased the TRX payout ratio to 50% .
Personally I find the option to receive payouts in TRX tokens Exciting. TRX has been steadily growing in popularity and having the option to receive earnings in both STEEM and TRX token give me more flexibility and opportunities to maximize my earnings.
What are the ways to claim and withdraw the TRX rewards from Steemit Wallet? |
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As a Steemit user I was thrilled to learn that I could earn TRX rewards through the platform . However i was unsure how to withdraw these rewards from my Steemit wallet .
After some research I discovered that i could transfer my TRX reward to an external wallet . To do so i first had to claim my TRX reward within the Steemit wallet . Once I had done this I clicked the "withdraw" button and entered the amount of TRX i wished to withdraw As well as the address of my external wallet .
Give a complete guideline on the best way to link an external wallet with the Steemit Wallat to claim TRX tokens. |
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Step 1: Choose an External Wallet:
the first steps is to choose an external wallet that supports TrX tokens . You can choose from variious wallets like TronLink Ledger Nano X and Atomic Wallet . make sure you choose wallet that you are comfortable using & that support TRX.
Step 2: Create a New Wallet or Import an Existing One:
If you don't already have an external wallet that supports TRX you can create a new wallet . the process of creating new wallet is usually straightforward & involve creating password & a recovery phrase . If you already have an external wallet that support TRX you can import it into the steemit wallet by selecting the "Import Wallet" option .
Step 3: Find Your Wallet Address:
Once you have your external wallet you i will need to find your wallet address . this address is a long string of number & letters that identifies your wallet on the TRX network . you can find your Address by selecting the "receive" or "deposit" option in most wallets .
Step 4: Link Your External Wallet to Steemit
To link your external wallet to Steemit go to the "wallet" Section of your Steemit account & select the "TRX" tab. Then click the "transfer" button and select the "external" option . next enter your external wallet address and the amount of TRX you want to transfer . You'll also need to confirm the transfer by entering your Steemit account password .
Step 5: Confirm the Transfer
Double check that everything is Accurate then click the "confirm" button to complete the transfer .
Step 6: Wait for the Transfer to Complete
The transfer may take some time to complete depending on network congestion and transaction fees . You can check the status of your transfer by viewing the transaction history in Your external wallet.
Have you faced any problem regarding TRX rewards? Also give your feedback on the benefits of this Integration. |
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I have not experienced any problems regarding TRX rewards on the Steemit platform . the process of claiming and withdrawing TRX rewards from the Steemit wallet is straightforward and I have been able to easily link my external Wallet With the Steemit wallet to claim my rewards.
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The integration of Steem and TRX Has definitely made it more convenient for me to earn and use TRX on the platform . I believe that this integration has opened up new Opportunities for users to earn rewards & use different cryptocurrencies on Steemit.
You have shared a good participation. You have shared the integration between Steem and Tron blockchain but it needs more deep research and analysis. Secondly, you have share the ratio of Trx and Steem power on steemit before few months but you missed some information that steemit team has announced a new ratio for Trx and Steem power in which we will receive 1 SP: 0.5 TRX as it is reduced to half due to cryptocurrency crisis and more reasons.
You have explained the ways to redeem your steemit rewards but you need to share screenshot of all the steps as well. Then you have share the ways to withdraw Trx from steemit wallet, here you also need to share the steps by pictorial demonstration. It would be plus point for your grading.
In the last, you have shared you didn't face any issue while claiming Trx. But you have explain more about your feedback on steem and Tron blockchain integration. I just advice you all these things for your betterment. I hope your don't mind. I wish you success for the contest. Please visit my post and share your views there.
thank you so much for your positive feedback
I am glad you take it in a positive way. Good luck for the contest. Greetings.
It's actually good to see your article, I actually know how difficult it could be but i want you to know that you can better in your craft.
One advice I have for you is that you should try to make better research and write deeper, by adding much more details on your post, this would help you go far and score vetter
Please if you are free drop a comment her
https://steemit.com/hive-108451/@starrchris/steemit-crypto-academy-contest-s8w3-steem-and-trx-integration
Greetings dear friend, you have written wonderfully on this topic under review though you didn't take time to explain it in practicals. I will urge you to always use pictures to show a step by step procedure to achieve your goal. In all you made a great effort and i'm certain in your next participation you will do better. I wish you success in this contest my friend.
Hello @nooruleman,
First of all I am very happy that you participated in this contest, I appreciate your efforts as a newbie. But you need to do some more research to create a quality blog. I hope you will try your best to create a good blog next time. People learn from mistakes, and I hope you cover your mistakes in the next blogs. Thanks for sharing. I wish you all the best.
Regards,
@malikusman1