Since its inception, the cryptocurrency industry has seen many innovations catering to the wants and needs of the user base. Tron was one of the most popular cryptocurrency ecosystems that gave priority to internal developments with several companies taking advantage of usability and transparency.
The growth of the dApp industry enabled applications like TronPredict to make a name for itself in the world of virtual assets. Sources close to the dApp have now revealed that the organization is set to launch the TronPredictToken [TPT] with TronPredict V3.0.
According to the TronPredict, TPT is a rewards and dividends token that is mined and earned by users when they stake their prediction on the dApp. Users get to mine TPT tokens based on the amount of TRX that they invest and not their predictions, which can either be right or wrong. This instills a sense of reliability in the minds of the user making them return to the platform later.
The TronPredictToken is a TRC20 token with a total supply of 212 million tokens. Its usage and versatility will be measured by the number of people it serves and its staking prowess. TronPredictToken’s smart contract address was TUwbf7EaLZmMc8tbfWmN2edWvmhsnYfvYd, a location where only three transactions were conducted. TronPredict officials stated that the number of TPT tokens mined is directly based on the “daily divisible number”. This number usually increases by a factor of 50 everyday.
November 11th marks the first day for TPT pre-mining, a process that is set to go on for the next 14 days. TronPredictToken’s official website added:
“Under pre-mining rules, the DIVISIBLE remains constant at 5 (for the 14 Days), with a minimum stake on prediction at 50 TRX (mining only occurs if a stake is above 50 TRX). The formula is the same as the mining formula. As an example, if a stake on prediction is 100 TRX, the user earns 20 TPT, affiliate earns 10 TPT and 19,2 TPT is allocated to the governance smart contract.”
Users were also reminded that TPT tokens cannot be traded, sold, or used in any other way during the staking process. Once all affiliated are completed, users will receive their rewards in the form of TRX. TronPredict believes in users enjoying a seamless experience on their platform and this mantra is encapsulated in the reward distribution process. TPT holders will receive all their rewards automatically without triggering any movement from the platform.
TronPredict fans can also rejoice in the fact that they will soon be able to stake predictions with TPT. This is expected to increase the amount of TPT they are receiving when predicting. The increased number of functions is set to pave the way for new products to be built on the blockchain with the backing of the decentralized population.