Tron is one of the most active projects in the cryptosphere which pays-off its community well and always lives up to its society. Projects handled by Tron are running efficiently and being appreciated in the market. Due to its high availability as well as scalability, TRX has become well-liked crypto over the last couple of months.
To make these successes happen, Justin sun, CEO of Tron foundation, has been working continuously and tirelessly to make the project stand out from the rest. The CEO also keeps updating crypto enthusiasts about how the Tron is performing and what that network has attained so far.
In an attempt to be more decentralized, elections for Tron Super Representatives got into the act. The Tron community has elected 27 Super Representatives. And today, Intergalactic Gaming, a project based on Tron blockchain got selected as the newSuper Representative on Tron platform in just 4 hours after the project announced its candidacy. Now, the new SR is ready to host the nodes for verifying the blocks.
Subsequently, each SR will get a reward of 32 TRX tokens per block generated by public blockchain. As the rate of creation is 1 second per transaction, 86,400 transactions could take place in a day that means each one will get 2,764,800 TRX a day which equals to about $44k if we take the current price of TRX in the account.
Initially, IG will distribute the 100% of their rewards among voters. Then the elected SR would reduce reward percentage to invest in their governance and product development. Of course, their intent is genuine and very well justified.
The company stepped ahead and expressed its views on claiming the coveted SR spot,
“Our web-based platform will utilize blockchain technology and smart contracts to change the way we interact with each other in the esports realm. IGG tokens (TRC-20) will play a pivotal role in our ecosystem and will have significant use cases for gamers, teams, brands and the wider public.”
Subsequently, the consolidation between Tron and IGG might be unpleasant for eSports industry giant that boasts millions in revenue, as this integration can disrupt the eSport to some extent.
Not too long ago, in an attempt to make the game developers utilize its blockchain technology, Tron announced a grant of $1 billion via its dApp accelerator project to onboard the developers onto its network. It is also worth noting that a rise in transactions and account creations emerged because of dice-based games (simple ones) that got created on the Tron blockchain.
TRX current market overview
The whole crypto market is in bloodbath currently, and TRX is no exception either. Tron’s native token trades at $0.146 as we write this article and has a market cap of $961,130,478. Sun-led cryptocurrency is down by 9.87% in the last 24 hours.
Image courtesy of Free-Photos/Pixabay