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Hello steemians,
I hope you are all fine. It is with great joy in my heart today that I'm writing on this wonderful topic today. The steem and TRX integration is indeed great news that came to the limelight in February 2020. It is an initiative that boosts the steemit ecosystem greatly.
The word integration simply means a process of fitting in or incorporating into something. Therefore, steem and TRX integration mean a partnership between both parties. This took place in February 2020 and the Tron token was added to the steem ecosystem. To elaborate more on this topic let's consider the questions below.
What do you know about Steem and TRX Integration? What are its purposes? |
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As I have earlier said in my introductory post, the steem and TRX integration took place in February 2020 when steemit inc and the Tron foundation entered into a partnership the result of this partnership was that the Tron token was added to the steem ecosystem and the content creators in steem started earning TRX as well and also introducing steem to Tron users through that process. The official announcement that led to that is seen in this Post
The major purpose of this integration was so that the steem blockchain will grow in line with the Tron blockchain I.e the two blockchains will grow side by side. This means that both Tron ecosystem users and the steem blockchain users can now be benefited from each other.
This is possible because the Tron ecosystem users will be presented with the steemit platform where they can communicate and share valuable information and even learn from others through content writing and in the end earn in steem as well as their native token which is the TRX token.
In the same way, steemit users can also earn from the new addition to the platform where at the beginning of the project, a reward of 1:1 is given to all steemit users I.e 1SP: 1TRX. This is indeed an added advantage for all steemit users as they now earn TRX the same way they earn SP.
So in summary, the main purpose is to help both ecosystems grow together as both users begin to gain from each other and use their tokens to perform other operations in the crypto world and still keep communication within their selves through blogging.
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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When the steem and TRX integration took place in February 2020, based on the official announcement made by the steemit team a few hours before its lunch, the team stated clearly that the reward for TRX will be distributed in the same proportion to the amount of steem power earned by every user. This Post carries the details.
This simply means that every user who earns some amount of SP will earn the same amount of TRX. If for instance, a user earns 1SP he will have the same proportion of TRX I.e 1 TRX. It is also clearly stated that no TRX will be given for Steem or SBD earned. So SP=TRX, this was when the integration first took place.
Another thing that was clearly stated was that for a post that is set to 100% power up, I.e post that pays out only on SP and not with Steem and SBD, they will get twice the number of TRX which the post that was not set to payout 100% power up gets. This simply means that posts with 50%SBD/50%SP will get lesser TRX when compared to post that is set to 100% powerup.
For example, if a post which is set 50%SBD/50%SP pays out 10 TRX, then if the same post is set at 100% power up, the post will pay out 20 TRX instead of 10 TRX. Similarly, curation rewards will be earned in the same ratio. This act continued for a while.
On Thu Oct 13 2022 10:28:03 GMT+0100 (West Africa Standard Time), the steemit team via the steemitblog announced via this Post, that from 15th October in the same year, an adjustment will be made with regards to the distributions of the TRX token and the proportion will no longer be 1:1 but rather it will be 1:0.5 I.e 1SP:0.5TRX
What are the ways to claim and withdraw the TRX rewards from Steemit Wallet? |
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To claim your reward from your steemit wallet, all you need is to log in to your wallet using your username and private posting key and if your post has paid out, the reward will display in your wallet in the form seen below all you need to do is to click on the claim option.
Login to your wallet using your username and private posting key as seen below.
Click on the redeem option as seen in the screenshot below.
Immediately, after that, the reward claimed will automatically add up to your Tron wallet. Though for the main time, the claim doesn't come immediately as it takes some time to add up because most times there will be no Tron in the reward pool.
To withdraw your TRX from the steemit wallet, all you need is to follow the following steps below.
Ensure you are logged in to your steemit wallet using your username and private posting key then go to the area for the TRX section and click on the drop-down close to the TRX token as seen below
Click on transfer as seen in the image below
Click the switch to the Tron account as seen in the image below
Paste your external Tron wallet address in the space provided and the amount you wish to send in the column for the amount as seen below and click next
Confirm the transfer and then click ok as seen in the image below
Finally, enter the private key of your Tron account and then and then click transfer and then the amount will be sent as seen below.
Give a complete guideline on the best way to link an external wallet with the Steemit Wallet to claim TRX tokens. |
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You may want to link your TronLink to your steemit wallet and then claim a reward from the TronLink wallet. All you need is to download the TronLink application if you don't have any. Once you have done that follow the below procedure.
Go to add as seen in the screenshot below
Click import wallet as seen in the screenshot below. This is because we already have a Tron account.
Copy and paste your tron private key and then click on the next step.
You can rename the name in the area showing the name imported-1 as seen below
Enter your password which must include at least 8 characters I.e at least one uppercase, one lower case and a number as seen below
Reenter the password and click on the import private key as seen below.
The account will be added to the TronLink as seen in the image below.
Have you faced any problems regarding TRX rewards? Also, give your feedback on the benefits of this Integration. |
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I have no personal problem with the TRX rewards and this is because the problem we all faced with TRX claiming was a general problem. Since the integration and the distributions, I have always received all my TRX as promised by SC01 in one of his comments that no TRX will be lost during the process of fixing the lapses or bugs that hinders the distribution with the system.
I can't say for sure the number of TRX left to be paid but I'm certain most of the debt has been paid. Recently I claimed a reward and within some minutes I notice the TRX entering too. I do not know if the distribution process has returned to its initial way.
The benefits of the TRX integration to the steem blockchain can never be overemphasised. In my opinion, it has helped me to grow more in the steemit platform. I couldn't have been able to join club100 if the TRX distribution were not available because working here on steemit requires a lot of data and good food.
With the integration, I'm now able to grow my steem power to 31k+ because I do not withdraw my steem instead I withdraw the TRX and use it to finance my daily needs. For my part, I have benefitted a lot from the integration and I guess all steemit users have benefitted the same.
The TRX ecosystem too has been presented with the steemit platform which enables them to communicate and share ideas and also earns from writing and voting on other users' posts this time they are earning both steem and TRX.
Steem and TRX Integration is indeed a mind-blowing project that came into the steemit platform in February 2020 and brought in many more users to the steemit platform because of the beneficiary attached to the initial reward. This integration brought users of both ecosystems together as they can now earn from each other.
The integration was announced via this Post and the reward was given at the beginning in the ratio of 1SP:1TRX and those who always set their post to 100% power up earn more TRX than those who leave their post in 50%SBD/50%SP. I want to finally invite a few friends like invite @ubongudofot, @eliany, @goodybest, @loloy2020 and @lavanyalakshman to also join the contest today.
Hello brother @simonnwigwe, I am very glad that you share your knowledge of Steem and Tron integration with us. Indeed, this is a great project and beneficial for the users of both blockchains.
I agree with you that TRX helps us a lot in joining top clubs like #club100. The TRX rewards give me a lot of incentive to join the club. I am very grateful to the team for this kind of initiative.
As always, your quality blog gives me a lot of knowledge, thank you so much for creating this blog. I wish you all the best for this competition.
Grreetings 🥰.
Regards,
@malikusman1
Thanks for your amazing comment my friend
We support quality posts anywhere and any tags.
Curated by : @steemdoctor1
This is a very well written and understandable article. Welll i wanted to know that is it possible for me to loose my trx tokens by just linking it to an external wallet without performing any transactions. Also, if Incase i lost that external wallet does it mean that my tokens will also get missing? Good luck to you
Thanks for your comment my friend
We support quality posts anywhere and any tags.
Curated by : @steemdoctor1
Thanks @steemdoctor1 for the support
Amigo que buena explicacion, aprendi mucho, gracias..
You are always welcome
Thank you, friend!
I'm @steem.history, who is steem witness.
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@simonnwigwe greetings
You have shared valuable information about tron integration system, definitely it proved very useful for users in terms of reward and you explain it very well how we can connect it very tron network.
It probably give better reward in club100 as compared to other, through this knowledge now i will soon change my status towards club 100 in coming days.
Its good you may power up 100% and utilize the trx for daily needs and thus you strength your steemit wallet in a good way.
Best of luck
Thanks for your comment my friend
As always, a well-written and relatable article. Well, I am not surprised, Steemit is your world, this explains your oceanic knowledge about the topic at hand.
Congratulations in advance. Good luck brother.
Thanks my friend
hello dear,
You have shared a very nice contest. Aoni shared a lot about steem and tron After steam and tron merge we used to get 1 trx for 1sp, but after new update 0.5 trx for 1sp is being given. You have also shared how tron can be withdrawn on another exchange site Also shared how we can connect our Tron wallet with other external wallets Besides, you have also shared how to get extra tron rewards through curation You have also shared many other things Best wishes to you. Wish you success.
best retards @shohel44
Thanks for your comment my friend.
You have clearly your views and benefits about the Steem and Tron Integration. I am always inspired by your good work and you have enough knowledge about cryptocurrency and it's different tokens.
You also clearly share the history of TRX ratio few months back that was initiated in 2020. But now the ratio has been changed. You have clearly describe the benefits of joining Club100 as they are getting more Trx in post payout than other clubs.
I also mention in my post that club100 users can withdraw Trx instead of Steem and fulfil their daily needs by selling Trx which are in good price. You shared that currently, its 1:0.5 with SP:Trx.
You have clearly share all the steps and clear screenshots of claiming reward on steemit and also easy way to withdraw Trx from steemit wallet to other wallets, binance and more.
Overall you have all explain all the things clearly and in a easy way that everyone can understand. I wish you success for your participation.
Thanks for your valuable comment my friend