Hello everyone,
I hope you all are doing great in your life and learning from @cryptoacademy. It's a great platform for the growth of beginners. I am honoured to be a part of this platform. Before I proceed with the task, I want to thank the professors for their efforts to make us learn a lot.
QUESTIONS
What are the different dApps in the Tron ecosystem are you familiar with?
What are the uses of DeFi applications like Justswap, JustLend, and Sun.io?
How can you optimize mining rewards by staking TRX and other TRC20 tokens in Sun.io? Examples.
QUESTION 1
What are the different dApps in the Tron ecosystem are you familiar with?
There are 1400 different dApps in the Tron Ecosystem having 90,000 numbers of users which are increasing day by day. I am aware of a few dApps as I heard from people in my surrounding. I am familiar with STEEMIT, FORSAGE and WINK.
STEEMIT
Steemit is a social media platform through which an individual can delegate or distribute his productive activities. It motivates the content writers and creators by giving them rewards. It's an open boundary platform where an individual easily can grow and polish his skills. It's based on the Steem blockchain acquired by TRON which leads to make it a dApp on Tron Ecosystem.
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Forsage is decentralized earning through an online marketing platform provided by the Ethereum Cryptocurrency features. decentralized nature makes Forsage free from government control.
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It is created by the people. where an individual can earn long term by giving referrals to other 3 individuals when doing the same as you do.
Wink is also a decentralized App which is free from government control. An individual can earn through playing games and Gambling.
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It has no transaction fee. It runs on the Tron block-chain network. It grants its user to keep the complete fund.
QUESTION 2
What are the uses of DeFi applications like Justswap, JustLend, and Sun.io?
Justswap is a decentralized TRON-based trading platform which is accessible to all financial markets.
Few of Justswap trade marketing and volume list.
| Currency | Pair | Price | Volume | Volume% | Liquidity |
|---|---|---|---|---|---|
| Tether | USDT/TRX | 1.00$ | $37,921,775 | 62.48% | 0.00 |
| USDJ | USDJ/TRX | 1.00$ | $11,741,981 | 19.35% | 0.00 |
| WINKlink | WIN/TRX | $42,682.88 | $4,702,892 | 7.75% | 0.00 |
It is the first decentralized token exchange platform on TRON NETWORK through which you can easily swap your token with others Such as TRC20 Tokens.
screenshot of Justswap statistics
JustLend is also a decentralized app. Which is based on TRON - Blockchain. On this platform you can easily lend, deposit and borrow assets to earn interest.
Justlend is an official lending platform on TRON Network. It works with P2P and helps the people to achieve their financial goals and targets. It generates profit by an interest rate algorithm. Which is based on demand and supply of TRON assets.
It is the stablecoin swap marketplace. The stable swap pool allows the swap in this platform which is supported by TRON's first one-stop platform. SUN token provides various benefits and rights to it’s community users such as staking rewards and governance etc. Basically the main reason is to support the TRON agreement. Which focused on making a decentralized ecosystem.
Worth of the SUN.
| Price to USD | Price to BTC |
|---|---|
| $ 0.000241 | 0.000000005 BTC |
QUESTION 3
How can you optimize mining rewards by staking TRX and other TRC20 tokens in Sun.io? Examples?
- To optimize mining rewards by staking TRX and other TRC20 tokens in Sun.io you just need to install the TRONLINK PRO WALLET first.
- Then you just need to go to sun.io App. Then you have to connect it to your tronlink pro wallet that you have installed.
Now you are connected to your TRONLINK PRO WALLET. Now you have to proceed to stake.
You will see the many options, in that options you need to click on stake which shows you the two options Stake or Stake and Lock.Either you click or select Stake. You can easily withdraw your amount but if you go for Stack and Lock, you will be stuck with the agreed time of Stake like 6 months, year, two or more. However, the longer the time duration higher the return you will get.
CONCLUSION
TRON is a blockchain Ecosystem which is based on the Decentralized web. It helps to achieve financial goals and targets. It plays a very vital role in building the growth through educating and entertaining their users. It gives rewards to motivate their users which is highly appreciated and through which an individual can earn a lot. Moreover, it gives authority and allows users to keep full custody of their wallet and all.
Tron Ecosystem gives a lot of benefits and through it’s multiple products like public chain, and DAPPs etc.
Thanks for reading my tasks. Special thanks to the professor @sapwood for this course that makes us learn a lot from it