Is Possible to Covert Your TRX rewards into BigsteemCreated with Sketch.

in Best of India5 years ago

Hi friends, in my post I discuss how many ways we have to convert our TRX rewards to a decent amount.

20201209_162511.jpg

After integration of steem platform into TRX blockchain now we get additional rewards in form of TRX.

Here we get TRX rewards based on our STEEM POWER how much we earn from our contribution. Ration also 1:1 . This is one of the best and big rewards for us.

But comparing the TRX price at present it trading around 0.02$,steem trading at present 0.16$, our getting reward is very low but we convert those TRX rewards into a decent amount.

Now we having Two ways to maximise our TRX earnings using our rewarding amount..

  • Earn 8% APY on Voting TRX SR's on freezing our TRX.

  • On lending our TRX we earn up to 5-6% APY based on Market condition.

For these TWO ways we get addtinal rewards in the form of airdrop along with Interest too.

We get PEER token for freezing our TRX too. Those we exchange on using JUST SWAP Very easily as per our needs.

For all transactions we need to pay very less fee , we say it is ZERO also. For freezing our TRX we get energy and bandwidth in using this we can do all transactions at very low fee some times zero too.

The same process if we do in any other blockchains, here we need to pay 5$-10$ per transactions, this is a very big issue for micro traders and investors too. That's why TRON blockchain is the best and a good choice for us.

Here in using above two ways, we can double our investments very easily but it took a long period so for long term holders this both ways are good and give good earnings too. But for short time orofit needs those ways not suitable only from trading they earn their needs.

But for newly entered crypto users and holders this both ways are a good choice.

Now I give details about how to connect freeze our founds, then how to earn rewards, how to redeem too.

How to freeze TRX and Earn From It

For this first, we need to import our steem TRX wallet to TRON LINK PRO App.

1_Rmwipb5ukO701b2Ey4S1Ng.jpeg

For guidelines just follow my previous post. In that post, I give details about it. Just check this link

On following my guidelines connect your Steem TRX wallet into Tron Pro Wallet.

After connecting now follow my steps.

  • After connecting Steem Wallet, now we can see those rewards in Tron Wallet App also.

Like that it visible

Screenshot_20201208-122046_TronLink Pro.jpg

  • Now click on Vote tab,then it open like this page.

20201209_152643.jpg

  • Now Click On Get Voting Rights tab,now it open like this window.

20201209_152843.jpg

  • Now enter how much you want to freeze. How much we freez ,thats much votes we get. Using this we get reward for voting TRX SR'S. For Example here, I freezing 5 TRX of me. So I enter 5 number here.After enter you desire Trx amount just click on Freeze Tab.

20201209_153405.jpg

  • Now it asks your Wallet Password to Conform Transaction. For this, we no need to pay any additional Trx for completing this process.

20201209_153632.jpg

  • After finishing This Trnsaction get back to your account. Now again Click Vote Tab. Now you show like this page.

20201209_154030.jpg

In this page it showing my available balance along with available votes too.

  • Now Click on Vote For SRs tab. We see this option on click Vote tab in your main page.

20201209_154312.jpg

  • After Clicking you can see all SR's list and how much yield rewards we get per day.

20201209_154528.jpg

On seeing all those you choose your needed SR for voting.

  • For Example here, I select ** Huobi_wallet** for voting. On clicking this window open.

20201209_155031.jpg

  • Now click on Vote tab,now i again like this window open.

20201209_155118.jpg

  • Here you can split your votings to different SRs too but here i giving my 5 votes to one SR. So i fill like this. After giving all details now click on confirm tab.

Screenshot_20201208-122554_TronLink Pro.jpg

  • Now again it asks ** wallet password**, on giving all now our transaction is complete.

  • Now you can check all your details in vote page. Like this is visible.

20201209_155405.jpg

  • Just wait 24 hours for claiming your rewards. This reward directly adds to your wallet.

Every 24 hours we can redeem our rewards. For this just click on vote tab in your main windows.

For example for 5 votes today I get around 0.000525 TRX along with I get PEER tokens too. On clicking Claim Reward Tab those reward automatically added to our wallet.

20201209_155805.jpg

Like this, we can convert our small rewards into big earnings. But take Time.

In this complete transaction we no need to pay any additional TRX for a fee all occur using our energy and bandwidth. So no worries for transaction cost.

We can cancel our unfreeze our TRX amount when we need, for this we need to wait at least 72 hours after a freeze. Then after we can unfreeze when we need.

For second method, I give another post soon.

This Post payout Set to be 100% power up.

Thanks for reading My Post

Sort:  

Congratulations! Your post has been selected as a daily Steemit truffle! It is listed on rank 15 of all contributions awarded today. You can find the TOP DAILY TRUFFLE PICKS HERE.

I upvoted your contribution because to my mind your post is at least 3 SBD worth and should receive 105 votes. It's now up to the lovely Steemit community to make this come true.

I am TrufflePig, an Artificial Intelligence Bot that helps minnows and content curators using Machine Learning. If you are curious how I select content, you can find an explanation here!

Have a nice day and sincerely yours,
trufflepig
TrufflePig

Thank you

Interesting read @lavanyalakshman

But comparing the TRX price at present it trading around 0.02$,steem trading at present 0.16$, our getting reward is very low

Perhaps it's not a lot, however if you think about it ... all payouts increased by several percent comparing to time before integration. If we look at it from this angle, then this is quite decent increase.

On lending our TRX we earn up to 5-6% APY based on Market condition.

You've lost me here .... How to lend our TRX?

For second method, I give another post soon.

Please share link with me via Discord once you publish it. I will in return drop some decent upvote.

Upvote on the way :)
Yours, Piotr

For using JUSTLEND platform we can earn good APY for lending our TRX aassests. For details @sapwood alredy publish a post. Pls check if possible.

https://steemit.com/hive-196725/@sapwood/tron-and-steemit-integration-part-3

But comparing the TRX price at present it trading around 0.02$

It is always appropriate to indicate the price of TRX in three decimal places. Precisely TRX is trading at $0.028.

Earn 8% APY on Voting TRX SR's on freezing our TRX.

On lending our TRX we earn up to 5-6% APY based on Market condition.

Yes, the key difference between the two is that in JustLend you need not have to freeze, you just need to supply it to the pool to earn 5-6% interest, any moment you can pull out the fund. In freezing, you may earn 8% APR, but that is also having 3 days locking period. Personally, I prefer JustLend, because that suits my requirement, I can contribute to the supply pool, at the same time, I can take a loan in USDT(stable coin) at an interest below 2% APY.

Thank you.

#twopercent #india #india

Sure then after i follow your instructions,thanks for informing.

Yes ,coming to me both ways are good. But from lending,if we need we get loan on keeping those as collateral as per our needs.

At present i freeze my TRX earnings and vote SRs,That is good for me.

Thanks for stopping my post.

Thank you for taking part in the TRON and Steemit Integration Celebration Challenge.

And thank you for setting your post to 100% Powerup.

Keep following @steemitblog for the latest updates.

The Steemit Team

Thank you very much for support

You have been upvoted by @rishabh99946 A Country Representative from INDIA I am voting with the Steemit Community Curator @steemcurator07 account to support the newcomers coming into steemit.


Follow @steemitblog for the latest update on Steem Community and other writing challenges and contest such as The diary game Season 3 , Better Life, etc. Also keep engaging with others to win #onepercent & #twopercent votes

Thank you very much for support

Coin Marketplace

STEEM 0.13
TRX 0.33
JST 0.034
BTC 110656.41
ETH 4298.54
USDT 1.00
SBD 0.83