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“Steps Up and Forward”: What has Changed on Tron Weekly Mining Program?

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“Steps Up and Forward,” a slogan recently being placed next to the Tron Weekly Journal’s official logo in the mining updates, does not only presents a signature of the project’s resiliency but also serves as a start of new chapters and new milestones for Tron Weekly, especially for the community.

Part of this new chapter is the revision of the existing reward system of our mining. Throughout the first seven weeks of the program, we have been observing its current structure and gathering feedback from the community.

It is to make sure the investors’ and the community’s interest to the token are being taken care of, and fair opportunities are being exercised for everyone. We have come up with a new program for mining so let’s go and know what has changed starting May 9th SGT.

  • There will be no base reward pool. No reward caps

By removing the base reward pool and removing the limitations on it, the community can now mine with more freedom and as much as they can. Before, we have actually set a limit to the max reward that can be given per week and it was 1 million Tron Weekly. Although that amount was only reached this past week, mining without that restriction will still be significant.

  • Mining will now be a pure point-based program

Unlike before where the rewards depend on the percentage of your contribution to the reward pool, Tron Weekly Mining will now rely totally on the points you will accumulate every week. In this new structure, the participants will get Tron Weekly in a ratio of 100 points = 10 Tron Weekly (minus the 3% CTP, to be explained below)

  • Creation and Launch of the CTP

The CTP (Contribution to the Pool) will be a fund where its 85% of it will be transferred to an address and will be burned every month (reducing total supply), and the remaining 15% will be used for TRON’s in-network fees in sending the rewards. Each participant will be automatically contributing 3% of their weekly prizes to the CTP. All Tron Weekly amount that will be collected for the monthly token burn can be viewed through the TRON wallet address provided below:

https://tronscan.org/#/address/TS51LjQa8bGSX9W2Tron WeeklyeZjHyfEA1pfB99B

So you might have a question here. Why are we going to burn some Tron Weekly tokens monthly? That has something to do with supply and demand. We consider and protect the collective interest in the token’s economy, and part of that is to reduce the maximum quantity. The other end, the demand, is connected to the additional necessary functionality of Tron Weekly which is to be announced to the public very soon.

This change to the mining program will ensure that everyone gets a fair chance of the getting the most rewards and a reasonable opportunity to contribute to the growth not only of the mining but also the overall Tron Weekly community.

Disclaimer: Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Tron Weekly charity-oriented mining program: Here is all you need to know

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Wish you could mine Tron Weekly token? That’s possible, already, and comes with a good cause. Last March 21st, Tron Weekly Journal officially launched its Mining program. It is a weekly activity where the payout is given every Thursday. In this post, we’ll provide you with details of this awesomely ‘rewarding’ crypto mining program.

Folding@Home

Folding@Home is a distributed computing project which is being operated in Pande Laboratory at Stanford University. Its main purpose is to study the causes of protein misfolding which results in several diseases including but not limited to Parkinson’s disease, Alzheimer’s disease, and Huntington’s disease, and cancer.

The project uses idle processing resources of the computers being used by the volunteers to simulate protein folding and to examine why it misfolds.

They are the pioneers in using graphics processing units (GPU), Message Passing Interface (used for computing on multi-core processors), Sony Xperia smartphones, and PlayStation 3s for distributed computing and scientific research. In 2007, Guinness World Records recognized Folding@Home as the most powerful distributed computing network, with a computing power of 135 petaFLOPS (135 quadrillion floating point operations per second), as of 2018.

The Tron Weekly Mining Program

Tron Weekly Journal joined thousand of teams volunteering on the cause of finding cures and in improving drug design to several illnesses. We at TronWeekly encourage our users to join and share their computer’s computing power to the research and in return, give rewards to the participants as per certain terms. Hence the term “mining”.

The mining has a weekly cycle and it resets every Thursday at 1 PM SGT (UTC+8). After that, the payout rewards for each participant get calculated and sent within 1 hour. The rewards pool starts in a specific amount and it increases once we reached milestones per stage. We are currently in the third stage of mining.

Tron Weekly

Also, the participants who will be in Top 2 for two consecutive weeks will be eligible for a surprise reward. Moreover, there will be surprise rewards to be added to the reward pool once we cross every million points.

How to Mine and What’s in it For You

To Mine Tron Weekly, you just need to go to their downloads page and pick what’s applicable to you. The folding software, FAHClient, is available for Windows (64-bit and 32-bit), for MacOS (10.6 and up), and for Linux (32-bit and 64-bit). Alternatively, you can also mine using your Google Chrome browser. You just need to go to this link to start. Once you are ready, you just need to input your “Identity” as your wallet address and the “team” as 234953 and then click on start.

Joining the mining program will not only make you eligible to receive Tron Weekly based on your weekly points but also by running the folding software, you are contributing to a noble cause of computing research and finding cures to the illnesses which are affecting millions of people around the world.

Based on a BrainTest.com, there are approximately 46.8 million people having Alzheimer’s disease alone. So by sharing your idle computing resources to the network of Folding@Home simulation, you are getting involved and playing a big part in developing the drug for treating these degenerative diseases.

For more information about the Folding@Home project, you may visit their official website at https://foldingathome.org

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.