TRON Super Representatives increase staking APR to 7.2%

Binance 5% Trading Discount

Image for post
Image for post

According to founder Justin Sun, increasing the APR for freezing TRX will incentivize more people to get involved in governance of the TRON protocol.

// STAY UP TO DATE — FOLLOW BLOCKCHAIN DAILY ON TWITTER: @BLCKCHAINDAILY

Raising the interest rate for freezing TRX means more users and developers will be incentivized to freeze TRX to gain bandwidth and energy — which is needed to send transactions and interact with smart contracts on the TRON Network.

For investors who are looking for yield, 7.2% is a good interest rate, which means people seeking yield may be incentivized to buy and freeze TRX.

With less TRON circulating because it is being frozen for yield, bandwidth, or energy, this could have positive effects on the price.

7.2% inflation per year is still very low, and will have minimal negative drag on the price. There’s also a burn mechanism built into TRX transactions fees, which lowers the inflation rate.

Want to learn how to buy Bitcoin and cryptocurrency? Sign up for a consulting call at IntuitConsultants.com

Binance 5% Trading Discount

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store