As the focus and attention with respect to the Tron (TRX) project are all on the Independence Day, many TRX believers know that the next step will be the Super Representative Elections on the 26th of June. The activity will be carried out by TRX holders who will stake their coins on the TRON Wallet that was released only a few days ago. Staking involves having your coins or tokens locked up during a voting period. The same was seen when the EOS network was having its own elections.
Each TRX holder has the right to participate in the management of decentralized projects on the Tron Network. There will be 100 Super Representative (S.R) candidates that will be reduced through voting, to the 27 that is needed for the Tron Community. The S.Rs play a key role in governing the TRON community by ensuring that basic functions such as block generation and bookkeeping are carried out on the network.
They will be rewarded for every new block generated at the rate of 32 TRX. S.Rs, therefore, stand to gain once elected. But this means that they should provide incentives for their voters such as developing worthy DApps. This is why the votes are important. They will promote decentralization on the Tron Network. The current nodes on the TRON network number 148 and span all the continents of the world.
The full list of Super Representative candidates can be found on the Tron Website. Users are advised to scrutinize each including their elections manifestos. The TRON Foundation has since revised the requirements to make it as a Super Representative on the network. This is due to the fact that they want only the best candidates for the Tron Network.
So what are the new criteria for a Super Representative on the TRON network?
The initial requirements were 8, but Justin Sun and the Tron Foundation realized that the criteria needed to be expanded as follows:
- Official Site – each S.R candidate must have a working website that matches the information provided to TRON
- Team info – All information must be correct
- Social Media Influence – provide links to social media and have over 500 fans
- Annual Community support plan – Candidates should make their own plans to support the community
- List of team members and pictures
- Team introductions
- Livestream – Screenshots or website links of live stream promotion should be submitted to comment area of SR Forum
- Meet Up – Photos or relevant news reports links to MEET UPs should be submitted to the comment area of SR Forum
- Community promotion efforts – Screenshots of the discussion about the super representative election in its own community should be provided
- Testable Nodes – Candidates need to build their own test network node and open the RPC port
- Provide plans for hardware expansion
- Server location information
- Server configuration information
- Server type information
- Budget expenses
More information about the Super Representative requirements can be found on the Tron medium page. The next few days will surely be an exciting time for the Tron Network.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
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