Tron-Europe Reward Mechanism...How does Its Rewards System Work?
TERC, a TRC10 token popularly known as TRONEuropeRewardCoin is the token used to run any of the TRON-Europe operations with a total supply of 10,000,000,000.
This limited supply gives it quality and possibility of increasing in value. However, TERC is mainly distributed as a voting reward
The estimated value of TERC is 1:1.
This means that 1 TERC = 1 TRX.
Also, HODLing TERC will qualify you for several airdrops in the future
Here's how the reward works.
Tron-Europe constantly pays every 6 hours without reducing the rewards. The reward sharing is 500% , actually it pays more than every other SR (Super Representative)
To receive this reward. HODL or VOTE TERC to be eligible.
How to vote
Visit:
https://medium.com/tron-foundation/how-to-vote-for-super-representatives-d81d14d9743d
VOTING REWARD
Here we go!!!
NOTE: Your reward does not come in decimals but in whole numbers .E.g 1 TERC , 2 TERC and so on.
- 1 CYCLE= 6 HRS
- 4 CYCLES = 24 HRS/DAY
Start by Freezing your TRX
1TRX= 1 VOTE
1vote = 0.001 Terc/day
For every cycle (6 Hrs) you will receive:
0.001/4 = 0.0003 Terc/cycle
Let's apply this using 1000 votes
1000 Votes will give:
0.001 × 1000 = 1 Terc/day
1/4 = .25 Terc/cycle(6hrs)
Therefore,
0.25 Terc= 1cycle
1 Terc = 1/0.25 = 4 cycles
4 cycles= 4 × 6 hrs= 24hrs/24hrs= 1 day
1000 votes will give you 1 TERC in 1 day
Theory
You have voted with 1000 votes, so you are getting around 0,25 TERC in every cycle or 6 hrs.
It means you need 4 cycles in 1 day to reach 1 TERC with the current votes amount which can be found here:
https://www.tokengoodies.com/?goto=TN2MEB71iox2mDwwngdTrUyUZXeENcb79F
HODLING REWARD
Moreover, if you keep/hodl Terc in your wallet you will still get rewards.
For 1000 hold TERC you receive:
per cycle: 0.12 TERC
per day: 0.5 TERC
Be reminded that payout is only made with full TERC. The decimals are added up until a full TERC is reached.
TERC also rewards Hodlers of its TERC upon promotion of its projects like Gots, DVM, AIT, TESD. Cool, right?
How to Check your rewards
Simply enter your TRX address on the link provided below
https://tron-europe.org/rewards
The goal is to make sure every investor has the opportunity to benefit from this development.
The bigger your votes, the bigger your rewards. What are you waiting for? Be part of this awesome development.
For more info Visit TronEurope on their various platforms below:
Website:
https://www.tron-europe.org
Facebook:
https://www.facebook.com/tron.europe.1
Twitter:
https://twitter.com/europe_tron
Telegram:
https://t.me/tron_europe
This original article was done for TRONEuropeRewardCoin during the writing competition of how its reward works. Came 2nd place and i feel very honored..
https://twitter.com/europe_tron/status/1223298532096053249?s=12
It was featured here though not word for word.
Pictures: TronEurope
Shout-outs: @jtsofficial @stephenkendal @offgridlife
My Twitter: https://twitter.com/nelo_simon
This is a very good explanation that people have been looking for when asking about who to vote for.
Very nice post. How do I put it on blast for all of @Steemit to see 😁👍🏻
This is the best investment so far, hold or vote we get more divs every 6 hrs at hold...earn while we sleep is not a lazy thing 😉
Awesome blog Nelo....👍❤
#JTS rock💃
Very well explained Nelo. Thank you for shating, much appreciated #JTS #TERC
Awesome.... how do I freeze vote my TERC I have in TronWallet.Me ???? Do I have to move them over to Tronlink ? Tronscan ?
From your tronwallet click freeze and put your desired amount of TRX to freeze. Then click vote , scroll down and look for TRONEuropeRewardCoin to give them your vote.
The TERC you're receiving shows you're HODLING terc in your wallet
Thanks for the shoutout.... I just keep getting all these TRX, TERC, BTT in my TronWallet and never knew why.... this is great info....
That's not the way it works.
Tron-Europe are SRs. They are rewarded with TRX when they broadcast a new block. They keep those TRX.
Then they give supporters TERC tokens valued at 500% the amount of TRX they were rewarded and which they kept.
There is no real use for those TERC tokens and the market is just pricing it because they are given to supporters on a certain ratio.
It is a useless token without value and which unique reason of being is to be a claim so more people vote for Tron-Europe as a SR.
It's a pity then, you don't know about Tron-Europe. I'd advice you to read and research more before you jump into conclusions
They get TRX but give TERC. Why? And what are those services where you can spent TERCs? Wait... Those TERCs were given as a reward for voting Tron-Europe as a SR. And they expect supporters spend them on Tron-Europe's products?
I keep saying it. Read up. The idea of giving terc as rewards is for it have a use case. You can always exchange the #terc Rewarded to #TRX. Terc has been integrated into so many projects and it's trading on many exchanges.
TERC is only distributed as a voting reward, its limited circulating supply gives it the possibility of rising in value.
https://tron-europe.org/terc