Justin Sun Announces New Staking Incentive Plan for TRON (TRX) Partners

TRON Founder Justin Sun remains involved in controversies. Whether it’s spoiling the opportunity of lunch with Warren Buffett, or being accused of money laundering by the media; his name has generated quite a few controversies in the recent months.

However, what he has done today is bound to bring him some positive media coverage. He has announced a new staking incentive plan for the partners of TRON, which appears to be beneficial for the TRON users.

Justin announced the new plan on his Twitter handle. Here are the major features of this plan as per his announcement:

  • Firstly, the new plan will encourage participation from more wallets, exchanges and partners. There will be more nodes and more participants in the network, which means more decentralization.
  • Secondly, by encouraging greater voter turnout and higher stake ratio across the network, the new plan will create an active community. This will increase the lock-up amount from users within the TRON ecosystem.
  • Thirdly, the program will also limit dividend distribution transactions. This, according to Justin, has been done to reduce network bandwidth consumption and to create a more robust network.
  • And finally, Justin also believes that this new program will lay the foundation for more complex consensus and incentive plans.

Now let’s come to the new rewards announced by him. Here they’re in his own words:

“For each block, the most-voted 127 nodes (TRON partners) will receive TRX rewards in proportion to the votes they get. The total reward for one block is 160 TRX.”

The reactions of TRON community to this announcement have mostly been euphoric. TRX price has surged more than 1.5% since announcement of this plan, and reactions on Twitter have also been mostly positive.

Justin Sun’s claim regarding decentralization may be a subject of debate, but for now, the community has liked this announcement.

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