Steemit Crypto Academy Contest / S8W3 - Steem and TRX Integration

With the steemit platform being a decentralized social media platform. Users of the tron network will be introduced to the steemit platform after the integration. So they will find out what the steemit platform is about and will now also sign up on the steemit platform to also start blogging. Users of the steemit platform too will now be making digital assets of not only the native coins of the steemit platform which is the steem, sbd and the sp but also in addition, they will be awarded with trx too.

The reward of the steem token users are rewarded is the same ratio as the trx they will be rewarded too. So users will be earning more rewards on the steemit platform which is as the result of the integration. Steemit users at the end of the day are given an option to diversify their rewards or earnings. Whereas the Tron network increases it liquidity. Also the tron network gains more popularity and recognition therefore people will start to patronize it and also introduce others to it. The main purpose of the integration was to help both of the blockchains to gain popularity and grow together.

The ratio of the steem power to the trx at the very beginning that was after the integration was 1:1 which means that for every post payout the amount of sp a user will claim is the same amount of trx he will claim too. That’s to simply say that 1SP is equal to 1TRX.

Also, in the case whereby a post is set to payout only in SP and not any other native coins of the platform. Then the users will get twice the number of the usual TRX from the post’s payout. So this clearly explains to us that with market conditions, the ratios of these two integrated blockchains changes or varies. Therefore the ratios are not set or fixed on them.

As at now, that’s the from the current state of these two ratios. A 50% SBD / 50% SP payout will give 0.25TRX TO 1SP whereas a 100% power up will give 0.5TRX to 1SP which was announced by the steemblog recently. This clearly shows that the ratios of the two is not fixed but rather changes with market influence.

What are the ways to claim and withdraw the TRX rewards from Steemit Wallet?

In order for one to claim his or her rewards from their wallets. The will first of all have to log into it by using their username and their private posting key which can be found within the pdf which contains all of your steemit keys. You will be only to claim it if the post has paid out. The reward will be displayed in your wallet for you to claim. Below are the steps in doing that.

Log into your steemit wallet with your username and your private posting key

If there is a reward available, you then click or tap on it to simply claim them. The rewards usually consist of the different steem native coins together with the TRX.

^{As you can see there is actually no reward there for me to claim}

After claiming or redeeming the rewards, each of the rewards will be added to your wallet so as the TRX too. So the TRX will also go into your tron wallet. The adding up of the recently claimed rewards doesn’t reflect in the wallet immediately but rather takes time to finally reflect in the reward pool.

WITHDRAWING YOUR TRX FROM YOUR WALLET

As you are already logged into your steemit wallet.

The next thing to do it to navigate to the section that indicates or shows TRX and then click on the drop- down sign. After which a list of menu appears.

You then select transfer from the list of menu

After which you then click on the switch tron account tab

From the provided bars, paste in your external tron link and the amount you wish to transfer

The next thing to do is to confirm the transaction and then you will be asked to provide your private key at the end to make the transaction successful.

Give a complete guideline on the best way to link an external wallet with the Steemit Wallet to claim TRX tokens.

Well the very first thing you need to do is to download one of the external wallets apps used in linking our our steemit wallet to claim the TRX tokens. One of the best one i have chosen and will like to suggest for any other person is the Tron link wallet. It is actually one of the best in the market. Moving forward to how how the linking is done from the steps below;

** After one has successfully downloaded and then signing up their account. The homepage will now display for you to start interacting with the features available.**

The very first thing for you to do when trying to link your steemit wallet to the external wallet is to navigate to the top right corner of the homepage and then click on the add icon. After which a new page appears. Select import wallet from the list of menus.

The next thing to do is to put in your TronLink private keys. Which are a list of 12 words. After which you then click on next step to continue with the process. After which you can proceed to change the name of your wallet.

After the above steps, you then proceed to put in your password. Which will require you to put it twice. After the passwords, you then proceed to confirm for your wallet to set up.

^{The final steps in linking your steemit wallet with your external wallet}

Have you faced any problems regarding TRX rewards? Also, give your feedback on the benefits of this Integration.

Because this is a general thing, that’s the distribution of rewards to users according to what they have earned under a post. I haven’t personally experienced or had any problem with the distribution or earning of the TRX reward. I always happen to be receiving my reward just that it sometimes takes long to reflect in the account. Also the amount does fluctuates before it could reflect in my account.

FEEDBACK OF THE BENEFITS OF THE INTEGRATION

Actually the integration has brought about an additional earning of rewards to the ones the steemit platform already provide or gives to it users. Not just the only users of steemit but also the users of the Tron blockchain are having a good experience with the blockchain due to the integration. The blockchain is gaining recognition through the payout and also the network is being adopted or used by new users which adaptation as a result of the integration. Lastly, both blockchain networks are benefiting from one another.

Conclusion

In conclusion, the integration of the TRX and Steem blockchain has made the experience or work on the steemit platform more enjoyable and inviting. It is inviting because new users have joined the platform as a result of the integration. The TRX blockchain has also gained so many adaptations or new users after the integration. Which i will say has benefited both of them.

The integration which was done in the year 2020. The rewards to be distributed in the very beginning was set on a 1:1 ratio. But with how the market behaves or acts the ratio happens to be changing or varying with the flow of the market. Which has rendered the ratio not to be fixed. Lastly, in order for us to withdraw and utilize our TRX token, we can link our steemit wallet to an external wallet most preferably TronLink to withdraw and utilize the token.
I hereby invite @preye2, @josevas217 and @fantviwiki to participate in this contest