The Integration of TRX and Steemit is Coming, Stay Tuned!
In February 2020, Steemit and the Tron Foundation entered into a strategic partnership.
As a result of that partnership we are delighted to announce the integration of the TRON token, TRX, into the Steem ecosystem, which will be live in a few hours!
Users will now be able to earn additional TRX rewards alongside Steem Power when posting content on the Steem blockchain.
This is a major step forward in the mutual growth and development of the Steem and TRON blockchains.
TRON is an advanced decentralized blockchain platform, dedicated to the establishment of a truly decentralized Internet and its infrastructure.
The TRON Protocol, one of the largest blockchain-based operating systems in the world, offers public blockchain support of high throughput, high scalability, and high availability for all Decentralized Applications (DApps) in the TRON ecosystem.
Steemit has redefined social media by building a living, breathing, and growing social economy – a community where users are rewarded for sharing their voice. It is a new kind of attention economy.
The integration not only makes Steemit users to earn more benefits and join the TRON ecosystem, but also Steemit can provide TRON users with a platform for communication and sharing, which will enrich and develop ecosystems of both parties much more.
Let’s take some time to look at the exciting new features before it is online!
TRX Rewards
TRX rewards will be distributed in direct proportion to the amount of Steem Power earned, at the ratio of 1 TRX : 1 SP.
For every 1 SP earned, 1 TRX will also be awarded.
No TRX will be given for STEEM or SBD earned.
Posts set to Power Up 100% which get all their rewards as Steem Power, will therefore receive twice as many TRX as posts set to 50% SBD/50% SP.
TRX will also be earned in the same 1:1 ratio from curation rewards. So if you have more Steem Power to vote with you will earn more TRX from curation as well.
How to claim TRX
To be able to claim TRX you will need to have a TRON account associated with your Steem account.
New Steem Users
For new users joining Steem, a TRON account will be created automatically, and the TRON address will be connected to their Steem account.
New users will then be able to earn TRX alongside Steem Power, SBD and Steem as they post, comment and curate.
As with the Steem keys, users will need to download the PDF and keep the TRON keys safe.
Please note...
The PDF with both the Steem keys and the TRON keys can only be downloaded once, after that the PDF available for download will only include the Steem keys.
Steemit will not be keeping the TRON keys, so if the keys are lost access to the TRON account and the TRX in it will also be lost.
If a user does lose access to their TRON account they can generate a new one via the ‘UPDATE THE TRON ACCOUNT’ function in their Steemit Wallet. Any TRX collected in a previous account will not be carried over to a new TRON account.
Existing Steem Users
To create a TRON account existing Steem users will just need to log in to their Steem account on steemitwallet.com.
You will be presented with a pop-up window asking you to Agree to setting up a free TRON account...
Just click on Agree and your TRON account will be created automatically.
Make sure you download the PDF with your TRON account keys and keep it safe !
To confirm your TRON account has been created log in to your Steemit Wallet and you will see a TRX balance displayed.
Please note…
You must log in to steemitwallet.com to create your TRON account the first time. After that you can post on any frontend to earn TRX rewards.
Even if you do not create your TRON account straightaway your TRX rewards will still accumulate and will be distributed to your wallet when you do set up the TRON account.
Display of TRX Rewards
The pending TRX rewards on a post will be displayed alongside the SP and SBD. Just click on the down arrow next to the post payout total to show the rewards.
Your TRX total balance will be displayed in your Steemit Wallet.
Note: This address is only used for claiming TRX, please don't transfer any assets into this address.
How can you use your TRX rewards
There are several ways you can use your TRX rewards...
- You can contribute to the TRON ecosystem by freezing (staking) your TRX and voting for Super Representatives. This should earn you over 8% APY (Annual Percentage Yield).
- TRX can be traded on Poloniex for other cryptocurrencies.
- TRX can be transferred to other Steem accounts or TRON accounts.
- TRX connects the entire TRON ecosystem. You can send TRX anywhere, anytime.
If you want to do more with your TRON account then try the TronLink wallet and import your TRON account there.
Tell the world on Twitter
If you are on Twitter please retweet our announcement on @steemit.
Tweet out about it yourselves as well to your friends and followers.
You can also share this great news on your other social media.
If you post screenshots, links and your number of followers in the comments below we will be giving out some extra votes.
The integration of TRX into the Steem rewards system is a great new benefit for all active Steemians.
We hope you are as excited about this advance as we are.
Look out for more great developments coming in the future,
Thank you,
The Steemit Team
Hi guys, one quick question - is there a way to check users TRON address knowing his STEEM username? I'm going to need it to distribute the rewards to investors :)
Here you go : https://steemitwallet.com/api/v1/tron/tron_user?username=tipu
Have fun!
It’s very useful info, thank you!
You guys are still alive too? Awesome!
You are asking a very important question!
Once you finish set up with trx account creation， you will get a pdf file which include your address and private key
Thanks for the info
Thanks for running such a great service, :)
@tipu so kind of you, hope your distribution bring lots of profit, good luck 😊
It's always Good News when we hear of another way to Earn on Steemit! :) I tweeted this to my 2360 Twitter Followers.
https://twitter.com/KennyCrane/status/1334001099540459522
You are killing it.
Funny that the Hivers freaked out over unrealistic rumors that Steem would be turned into a Tron token and here you are doing the exact opposite. I like it, it's a good method of adding value to Steem while doing very minimal development work on the Steem side.
I think you're going to end up with a lot of frozen TRX with the key-burning policy, though. Historically people here don't hold onto their keys as well as you might be used to on other chains. Maybe a lot of those went elsewhere but I think you still will end up with a lot of people here as their first crypto. Might be a good idea to have some sort of recovery system.
Looking forward to this feature for a long time. Nutbox also Integrated Steem with Tron in defi field a month ago.
This is one of the greatest news in the recent days. Great Job!!
Awesome news @steemitblog
Already resteemed. We will share this news with all our members and tomorrow we will post an article about this integration on our profile - hopefully it will help to get some reach.
Small question:
I will reply this:
Cheers, Piotr
I confused on where the Tron is coming from?
My guess is it's minted
Anyone who earns SP is entiltiled to 1SP:1TRX reward. That's it.
This is such a wonderful announcement and such amazing innovations makes steemit a better place and I am sure that this will also encourage more users to post with 100% power up that will help the overall steem staking.
When more people hold steem then it will lead great growth to the platform. thanks for sharing this wonderful update team and its such an awesome milestone.
shared it on Twitter for more attention.
https://twitter.com/OnlyCrypto5/status/1334001626894323713
Hello friend. It:s been a while. How Are you doing? I miss you guys on Actifit.
Hi buddy,
Yes, it's really been a long time. I am good and how are you doing .
It's nice to hear that you are doing great. I'm also feeling good here. Have a lovely day.
Good to know that you are good and safe, Have a great Friday
Thanks buddy
I will be setting up my Tron wallet now and once I am done, I will post it on my social media and encourage my fellow steemit friends to start becoming active again. Thank you for making steemit alive and great again. Cheers fellow steemians!
Does this work for anyone? I have my TRX account setup. Still not getting any TRX after claiming rewards. What's going on?
This sounds merrier to me. What a day and what an achievement. Tron and Steem are natural allies in terms of scalability and with this announcement, now we are interoperable with the Tron ecosystem. This definitely factors in with its fundamental value and thank you so much for the continuous improvement and development.
We stand out when it comes to such a development in the earliest possible time.
I would also like to express my gratitude to the Tron foundation.
Steem on.