Cryptocurrencies and their neighboring industries have enjoyed a stellar run over the past couple of weeks with the bull reigning supreme over the bear. To ensure that customers can fully utilize the positive sentiment, companies like Tron Europe is stepping up their game in terms of updates and developments.
Just two weeks back, Tron Europe released its native TERC freeze smart contract aimed to create an even more robust environment for TERC holders. Tron Europe stated that the feature’s inclusion came at a time to build up the BeFaster application launch.
Trom Europe featured in the news multiple times over the past year after its promise to revolutionize the decentralized network. The BeFaster application launch has been much talked about among the Tron and fitness community with ardent fans counting down the days. The latest freeze smart contract is a calculated step to let the ecosystem hit the ground running.
According to the release by Tron Europe, the organization proceeded to give rewards to frozen TERC on 31 January. The official statement added:
“In the transition phase we will distribute rewards to both, frozen and not frozen TERC. So don’t miss your rewards and freeze now. Soon after this, you can check your freeze details on our new SR-TRON-EUROPE DASHBOARD on Tron-Radar! We are supporting Tronlink and every compatible browser extension and Dapp browser with our freeze smart contract. With Tronlink you can even use your ledger hardware wallet to freeze.”
Tron Europe has admitted on several occasions that early adopters of TERC were the real heroes and its recent launches act as evidence for the same. With the freeze smart contract, users will be able to build their own stack of coins. The project will then choose the longest freezer period to show support for the ecosystem. Users will also benefit from the freeze time as the time is used to generate rewards. As made crystal clear by Tron Europe:
“Every TERC holder will have the possibility to adjust his freeze time between high liquidity and higher bonus rewards.”
The TERC rewards are calculated based on the TRX rewards that users get for voting on the Tron blockchain. This was done to facilitate the growth of the Tron blockchain. Rewards are calculated by multiplying a user’s TRX per vote by the Tron Europe rewards rate. Token holders also have the chance to climb up the rewards system with a minimum buy-in of 1000 TERC frozen tokens.
TERC holders also have the option to get full rewards till the point of unfreezing. Privacy and speed were the needs of the hour as TE doubled down on its cheap transaction mantra. Once the BeFaster application launches, more users are expected to flock towards the TERC ecosystem. It is only a matter of time before more information is revealed that is sure to drive the buzz around the cryptocurrency market all the way up to eleven.