Learnwithsteem || Meaning Of Staking and How to stake TRX and vote for SRs

in Tron Fan Club3 years ago (edited)

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Brief Introduction

Good day dear Tron fan club, it's nice posting here again. Today I'll be participating in the TRX Friday initiative set by the community mods and I hope you all will learn from the little I'm gonna explain below. Without Wasting much of your time. Let's dig in....

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What is staking

Staking is a process that enables crypto holders utilizes their digital assets to work and earn more income without the need for selling them. Staking is also like putting money in a savings account with high yield. You earn portion of the interest made when you lock up that money which banks makes money from lending.

So when you Stake your crypto assets, the coins are locked up in order to join others in running the Blockchain and keeping it's security high. What you get in return are rewards based on the type of yield and amount of crypto you staked.

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Tron Staking Process

There are some terms to point out to further understand Tron Staking. In Tron Blockchain network, there are witnesses popularly known as Super Representative (SRs) that keep the network running. In addition to this, we staked our Tron and vote on those Super Representative to contribute to the running of the Blockchain network and also earn rewards from them. Link to my previous staking. Below is a detailed process on how to stake TRX.


I will be making use of TronLink Pro App where I store my TRX and other tokens to stake. I have an availability of 132 TRX which I'll be using to complete the staking process.

  • On the homescreen of your wallet, click on stake as shown in the first screenshot.

  • A new page will open, scroll down until you see the amount TRX you want to stake. Input the amount.

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  • Click on the stake button at the bottom.

  • A message will pop up to confirm your transaction and you'll see other necessary information needed to complete the transaction.

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  • After confirming the transaction, you'll be asked to input your TronLink password. As shown above, I just staked 20 TRX.

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Voting For Super Representative (SRs)

As I've explained above, the SRs are what we'll use our staked TRX to vote on to contribute to the network. The processes are shown below...

  • From the home page once again after the first section of this post, you will click on vote as shown below.

  • As you can see, I have around 176 votes for this super representative and I'm gonna add the 20 TRX I just staked to it.

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  • Scroll down and choose the SR you want to vote, I'll be choosing Ant investment Group .Click on it and input the amount of votes you want on them and click confirm.

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  • I've voted for them with 196 vote and a total of 478 votes has been caster my me.

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Hash Link

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Statistics Of Today's Staking

Total TRX498.3
TRX staked20
Total TRX staked478
Energy gotten487
Total Energy11k

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Conclusion

I believe with the little I said above, you were able to grasp on Tron Staking and it's benefits. I hope more members would participate in this initiative to boost Tron network and increase it's Value. Thanks for reading...⭐

All Images Was Taken/Designed By Me

I invite @chikezie4l, @weasell and @kachimax to this contest


Note:10% to community account

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I love the way you took your time to explain the meaning and the process of staking Tron so a random newbie can learn alot from your post

I'm glad you enjoyed reading it. Thanks for stopping by⭐

Thank you for contributing to #LearnWithSteem theme. This post has been upvoted by @fabio2614 using @steemcurator09 account. We encourage you to keep publishing quality and original content in the Steemit ecosystem to earn support for your content.

Club Status: #Club5050

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Team #Sevengers

Well explained lecture. You simplified the seeming complex process with your approach. Thanks for sharing.

With staking one helps the blockchain gain more solidarity and at the same time one earns, beautiful concept

Wow, I'm surprised you knew about this, you will surely make it here in steemit with your knowledge of cryptocurrencies. Thanks for reading ⭐

Thanks for sharing such an important post about tron staking.

Thank you for reading..⭐

Upvoted! Thank you for supporting witness @jswit.
Please check my new project, STEEM.NFT. Thank you!
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Thanks for sharing. Really thik post very important for newcomers.

I like the way you explain staking and the process of staking. Thanks you for the invitation and I hope you are among the winner of this week staking.

Thank you for reading,⭐

Scroll down and choose the SR you want to vote, I'll be choosing Ant investment Group .

Which Sr is best? Is it a sercure satking? Is there any fee for staking? A lot of information is available in your post.

No sir, there's no fee for staking TRX, or you can say there's another resources that replace the fee for staking and that resources is called energy.

Also, there's no best super representative, the only thing shown there is their yield rate which means the amount of TRX you can get after voting on them. I simply go for SRs with high percentage yield. Thanks for reading ⭐

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