Proposal for the distribution of rewards in TRX in Steemit

in Steem Alliance2 months ago

Four months ago, Steemit’s team announced that the rewards in TRX would be paused. This with the aim of seeking better use of the alliance that Tron and Steem have.

Because of the current crypto market conditions it has been decided to pause TRX rewards.
This pause will allow Steem / Tron to thoroughly analyze the program’s impact and explore innovative approaches that will provide greater value to our users in the future. Source

In the past, the rewards in TRX had been distributed in a 1:1 ratio with the amount of SP you got. That is, if you got 20 SP you would receive 20 TRX as well.

Over time this ratio was reduced by 1:0.5 and 1:0.25, until reaching today where they are totally paused. The truth is that I imagine that for Steemit’s team it was a little unsustainable to maintain all those rewards and it was also not very healthy for the Tron ecosystem due to the sales pressure that was generated.

Looking for alternatives, it occurred to me that if instead of distributing TRX based on the rewards in SP that users receive, why not distribute TRX based on the APR of the SP of the users?

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I explain: when you block your STEEM by automatically converting them to SP you are receiving an APR (Annual Percentage Rate) which varies between 2-3%. That APR is automatically added to the balance in SP so maybe that’s why most users are not aware of it.

The idea would be that every 15 or 30 days the interest that each user has achieved is calculated and based on it to make a 1:1 distribution of TRX. This would encourage people to block their STEEM much more with the aim of farm TRX as well. (Something similar to what Binance does with its launchpool)

In addition to reducing STEEM’s liquidity in the market, it would be a much healthier use for Tron. To put it in context, currently the APR of the SP is at 2.72% so for every 10,000 SP users receive 272 SP per year, which translates into ~0.74 SP per day (this without counting the compound interest effect) that estimate would be multiplied by 15 or 30 and there the result would be obtained more or less how many TRX a person would receive.

What do you think of this use? Leave your opinions in the comments and if you want to add something you are welcome to do so. Remember that this is just an idea, and those who have the last word are the Steemit and Tron team. But if we show interest, maybe you could consider adding this system.


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Excelente mi buen e inteligente amigo, propuestas como estas son ñas que necesitamos en un contexto ganar, ganar para tod@s, te felicito, deseo que esta propuesta tenga la receptividad esperada, todo suma, todo cuenta mi estimado @alejos7ven. Saludos y Bendiciones

Gracias por el apoyo

I like the idea. It is certainly better than nothing and it rewards users who hold SP for the long term, which is great. However, I think the amount paid needs to be much higher than the .25 rate they were paying out at the end, something significantly higher than that in order to influence user behaviors.

Hello @alejos7ven! You are Wonderful!


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It is a wonderful idea and I hope the team does something about it.

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We are the hope!

Una excelente propuesta, así ambos ecosistemas interactuan juntos, es una solución factible para aprovechar al máximo el bloqueo de nuestro SP, esta propuesta lo incentiva.

Algo muy incomodo es que aun en nuestras recompensas aparecen los trx, entonces surgen muchas preguntas respecto a eso.

Ojala el equipo considera esta propuesta.

Es verdad es algo que debe arreglarse!!

The idea is very good and it will make more people want to increase their SP

Yes!!

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