CRYPTO ACADEMY SEASON 4 BEGINNER'S COURSE - TASK 1: TRON ECOSYSTEM // BY @sirdeone10k FOR @sapwood

in SteemitCryptoAcademy3 years ago (edited)

My warmest greetings to you all-steemians, I love you all.

I am very much happy to be part and parcel of this great and interesting lecture by professor @sapwood

💪TRON_is_the_most_robust_blockchain_ecosystems_with_more_than_2-300x169_1631949273587.jpgImages Sources

▪️ (A) What are the different dApps in the Tron ecosystem are you familiar with?

▪️(B) What are the uses of DeFi applications like Justswap, JustLend, and Sun.io?

▪️(C) How can you optimize mining rewards by staking TRX and other TRC20 tokens in Sun.io? Examples?.

3zpz8WQe4SNGWd7TzozjPgq3rggennavDx3XPY35pEAVnpq77jw4XPQMecE5Rz5bgPEz1Z1oZLbNW5N67oF5YfojwgQAL2FYSdD4RtUiqqjd7JEiagRSFFDh1UcFPpKDSFF7LXFTUzQazXN5piXY.png

INTRODUCTION

3zpz8WQe4SNGWd7TzozjPgq3rggennavDx3XPY35pEAVnpq77jw4XPQMecE5Rz5bgPEz1Z1oZLbNW5N67oF5YfojwgQAL2FYSdD4RtUiqqjd7JEiagRSFFDh1UcFPpKDSFF7LXFTUzQazXN5piXY.png

It should always come to our mind whenever (Dapps) is been mentioned or discussed, that it's centered on decentralized applications or programmes.
Dapps is said to be a program or a digital application which exist and operate on a peer to peer or blockchain network of many computers instead of one computer, and it's not controlled by a solitary command or authority.

3zpz8WQe4SNGWd7TzozjPgq3rggennavDx3XPY35pEAVnpq77jw4XPQMecE5Rz5bgPEz1Z1oZLbNW5N67oF5YfojwgQAL2FYSdD4RtUiqqjd7JEiagRSFFDh1UcFPpKDSFF7LXFTUzQazXN5piXY.png

(A) What are the different dApps in the Tron ecosystem are you familiar with?

3zpz8WQe4SNGWd7TzozjPgq3rggennavDx3XPY35pEAVnpq77jw4XPQMecE5Rz5bgPEz1Z1oZLbNW5N67oF5YfojwgQAL2FYSdD4RtUiqqjd7JEiagRSFFDh1UcFPpKDSFF7LXFTUzQazXN5piXY.png

Beneath the tron ecosystem we have many decentralized apps that has been developed or created.
Going with its record, the TRON network
Has the total number of 1,400 dApps that has been built or created with everyday transaction volume of $12 million.
Below are the few dapps I'm familiar with;
👇🏿👇🏿

▪️ Tronz World
▪️ Trontrade
▪️ Tronscan
▪️ Socialswap

Tronz World

Screenshot_20210918-094049_1631957960394.jpgsource

Tronz World is a Decentralized platform which was built under the tron ecosystem, and it's a global crowd funding community with a sanctification or benediction of cryptocurrency model.
You can aswell reach to the platform through this link👇
https://tronz.world

Trontrade

Screenshot_20210918-094207_1631958077297.jpgImage Source

Trontrade simply is a dex podium or platform or a decentralized exchange which revolves around the tron token or
a decentralized exchange that helps you buy and sell a multiplicity of TRC10 and TRC20 cryptocurrencies.
Below is the link which will lead you to trontrade platform
https://trontrade.io

Tronscan3zpz8WQe4SNGWd7TzozjPgq3rggennavDx3XPY35pEAVnpoxMJGyz6aNMKv5J5fNXrkaE3e46Wg37dERbB14y8pLgAEJuXF1LRuHT5jbt49mApxNe5Hixg1aSFW8CZeGuPDYb3KSYBGRTDhFLiDL_1631961852900.jpgImage Source

Tron Scan is a legit or allowable explorer of the TRON public smart contracts blockchain. TronScan comprises of a carry come web wallet for sending, receiving, aswell as deals with TRON tokens and dApp interactiveness all through the network. TronScan is also protecting metrics beggining from full node records to dApp interactions and smart contract generate or produce.
Bellow is the link which is going to take you to the tronscan website.
https://tronscan.io

Socialswap

Screenshot_20210918_165524.jpgimage source

Socialswap is a DEX platform, it was launched in March 2021, social swap definitely was built centered on the tron blockchain network. Socialswap begin it long haul on March 28, 2021, since then users has benefited alot through the network fees advantages and speed transactions.
Below link is going to lead you to the socialswap website.https://www.socialswap.io/

3zpz8WQe4SNGWd7TzozjPgq3rggennavDx3XPY35pEAVnpq77jw4XPQMecE5Rz5bgPEz1Z1oZLbNW5N67oF5YfojwgQAL2FYSdD4RtUiqqjd7JEiagRSFFDh1UcFPpKDSFF7LXFTUzQazXN5piXY.png

(B) What are the uses of DeFi applications like Justswap, JustLend, and Sun.io?

3zpz8WQe4SNGWd7TzozjPgq3rggennavDx3XPY35pEAVnpq77jw4XPQMecE5Rz5bgPEz1Z1oZLbNW5N67oF5YfojwgQAL2FYSdD4RtUiqqjd7JEiagRSFFDh1UcFPpKDSFF7LXFTUzQazXN5piXY.png

In line with my understanding from the lecture, DEFI simply means decentralized finance.
In otherwords, DEFI is defined as a financial way that perform or operates without the need for traditional or centralized intermediaries. DEFI built a system which functions on its own.
*There are many defi applications which are built on the tron ecosystem, they are👇🏿👇🏿

▪️ JustSwap
▪️ JustLend
▪️ Sun.io

Defi applications and it's uses👇🏿👇🏿

JustSwap

Screenshot_20210918-095020_1631958313128.jpgImage Source

JustSwap is a TRON-based token trading service that allows for trade/conversion of TRON-based tokens (mostly TRC20 tokens and TRX tokens).
The main or specific characteristic of JustSwap simply is that it allow customers to acquire, obtain or gain the transaction charge rather than channeling it to JustSwap as an organization or group.

JustLend

Screenshot_20210918-095100_1631958353394_1631958402564.jpgImage Source

JustLend is a great and wonderful social lending platform where people can also provide loans and earn interest aswell as get addition low-interest loans. This is a TRON-based cash marketplace protocol with the aim of making capital pools in addition interest charges decided with the aid of applying an algorithm based on TRON asset deliver and demand.

Sun.io

Screenshot_20210918-095301_1631958605926.jpgImage Source

Going with the image above you can see with me that Sun.io is an integrated platform for stablecoin swap, stake-mining, and its based on the TRON network,👇🏿

Stablecoin swap:

Sun.io is understood to be the primary TRON-based platform which provides stablecoin swapping. Sun.io permits for the swapping of USDT, TUSD and USDJ.

Token mining:

Sun.io offers token mining to it users by its staking feature in addition to its locking characteristic.

3zpz8WQe4SNGWd7TzozjPgq3rggennavDx3XPY35pEAVnpq77jw4XPQMecE5Rz5bgPEz1Z1oZLbNW5N67oF5YfojwgQAL2FYSdD4RtUiqqjd7JEiagRSFFDh1UcFPpKDSFF7LXFTUzQazXN5piXY.png

(C) How can you optimize mining rewards by staking TRX and other TRC20 tokens in Sun.io? Examples?.

3zpz8WQe4SNGWd7TzozjPgq3rggennavDx3XPY35pEAVnpq77jw4XPQMecE5Rz5bgPEz1Z1oZLbNW5N67oF5YfojwgQAL2FYSdD4RtUiqqjd7JEiagRSFFDh1UcFPpKDSFF7LXFTUzQazXN5piXY.png

Stage 1;

Screenshot_20210918-095356_1631961690707.jpgImage Source

First and foremost, you have to visit the site - Tronlink.org for you to create a TronLink wallet, that is needed to get admission to TRON-based DApps . To proceed, choose your platform (operating system). For this task , i will be using the Chrome store. Just click at the link highlighted herein it will take you to the extension right at the Chrome webstore.

Stage 2;

Screenshot_20210918_115733.jpgImage Source

Developmentally, on your Chrome browser, tap the Chrome extension, If this is successful, the TRONLink wallet icon should appear at the list of your extensions, as it's above:🖕🖕

Stage 3;

Screenshot_20210918_120648.jpgImage Source

Thereafter, you click at the TRONLink icon to set it up. And set up a password, develop /restore your wallet (4) and develop a username.

Stage 4;

Screenshot_20210918_120442.jpgImage Source

In the fourth stage, your mnemonic phrase will be formed or created. These should be stored well and showed at the display screen that follows, going with this steps, then your wallet is therefore ready, in otherwords you can now receive any TRC20 or TRX tokens.

Stage 5;

Screenshot_20210918_120909_1631963439130.jpgImage Source

In this stage, you have to visit the webpage Sun.io and link or you connect your TronLink wallet in order to carry out multiple tasks in the platform. On the home page, you'll find "Connect to wallet", inwhich when you click on it, it will give the choice to connect with the TRONLink wallet, Clicking on it may offer the permissions dialogue, in which you are to click on connect icon.
As you following this steps accordingly, friends you are fully ready to optimize your TRX rewards.

Stage 6;

Screenshot_20210918_115005.jpgImage Source

In the end, after you might have created an account, you have to heightened your TRX and different TRC20 tokens through staking or locking them on Sun.io. By doing that, is simply a secure form of mining. However, earnings are slow and it takes a little period of time.

You can stake your TRX and TRC20 tokens through doing the followings.👇🏿

Right at the Sun.io homepage, click on the stake icon, definitely you will be directed to the staking page. Stake or lock TRX or TRC20 tokens by depositing out of your TRONLink wallet the quantity of TRX or TRC20 tokens you wish to stake. When clicked on "deposit", the "Lock SUN", will be visible then dialogue first, which is a greater profitable alternative with an Annual Percentage Yield (APY)of 23.35% and authority opportunity. How be it, to withdraw locked tokens is not possible untill the end of the locked period.

3zpz8WQe4SNGWd7TzozjPgq3rggennavDx3XPY35pEAVnpq77jw4XPQMecE5Rz5bgPEz1Z1oZLbNW5N67oF5YfojwgQAL2FYSdD4RtUiqqjd7JEiagRSFFDh1UcFPpKDSFF7LXFTUzQazXN5piXY.png

CONCLUSION

3zpz8WQe4SNGWd7TzozjPgq3rggennavDx3XPY35pEAVnpq77jw4XPQMecE5Rz5bgPEz1Z1oZLbNW5N67oF5YfojwgQAL2FYSdD4RtUiqqjd7JEiagRSFFDh1UcFPpKDSFF7LXFTUzQazXN5piXY.png

In understanding dapps as a program or a digital application which definitely exist and also process on a peer to peer or blockchain network of multiple computers instead of one computer, and mostly it's not controlled or manipulated by a single authority.

Sincerely speaking, I learnt alot from this great lecture and I use this medium to express my gratitude to professor @sapwood for this wonderful opportunity.

Cc:

@nane15
@sapwood
@dilchamo

Sort:  
Loading...