We are proud to announce updates to our SR rewards structure. We are presently in the top 27 SRs now and have began to to produce blocks. Consequently, we will be transitioning from PHASE 1 to PHASE 2 of our community plan. Please see the updated rewards plan below.
We would also like to announce an additional reward structure we will implement next week. We will be allocating extensive IGG that will be ultimately distributed to voters, based on IGG held. This will be used as an incentive for voters to hold IGG tokens until our platform is released. We have outlined these additional plans below.
Phase 1: SR Election
Tron offers 115,200 TRX to all candidates, delivered proportionately, to the total number of votes during SR cycles every six hours.
During the candidacy phase:
Phase 2: IGGenesis — NEXT PHASE
We will transition into this phase from Monday 26 November 2018. From this day, we will initiate the following reward structure:
Phase 3: Esports Representation on the Tron Network — TBA
Following the completion of the first phase of our Intergalactic Gaming SR election, the following reward structure will be implemented, thus solidifying our benefit and vision to the community:
We have been working behind the scenes on a reward structure that will benefit Galacticans, as well as the Tron community as a whole. We will be implementing a new reward structure which will run in addition to our SR reward structure, rewarding our voters for holding our tokens and helping ensure liquidity. This will run in addition to the SR rewards and will begin from Monday 26th November 2018.
We will be allocating 182,000,000 over 5 years; aiming to distribute approximately 100,000 IGG daily to voters, but please note this may change depending on the value of IGG.
How it works:
Further down the line, we will integrate a Freeze Function into our platform. This will utilise a smart contract to freeze your IGG for a specified period of time, whilst getting rewarded for doing so. This will be an interactive way Galacticans can get rewarded for believing in the project and holding their token. More information will be provided regarding this Freeze Function when appropriate. We will allocate 1,000,000,000 IGG to this function to enhance liquidity of IGG.
We will also look to allocate additional IGG to supporting the voters of particular community SRs and other value adding initiatives. We have observed the conversations taking place around the SR function and the whole system. We will do everything in our power to help community SRs get the votes. They are the ones that are and will add value to the TRON ecosystem. They deserve to be supported. We will release a document outlining our plan to help community SRs remain in the top 27 and we will liaise with other stakeholders with the TRON ecosystem to ensure we do not lose our community SRs.
Thanks for reading!
Please follow us on our various social media channels to keep up to date with developments:
IG TELEGRAM GROUPS
https://t.me/IGAnnouncements— ANNOUNCEMENTS CHANNEL
https://t.me/IGgge- Galactic Grand Exchange (GGE)
https://t.me/IGG_Official— ENGLISH (MAIN)
https://t.me/IGG_Dutch — DUTCH
Partner Telegram Groups:
https://t.me/MazerGaming— Mazer Gaming
https://t.me/TronEsports— Tron Esports
https://t.me/GSINesports— GSIN Esports
https://t.me/DemiseEsports- Demise Esports
https://t.me/SangalEsports- Sangal Esports
https://t.me/FuegoGaming- Fuego Gaming
https://t.me/ProtonGaming- Proton Gaming
https://t.me/MaskedEsports- Masked Esports
https://t.me/FFSeSports- For F1FA Sake
https://t.me/TEAMKaiRoS- TEAM KaiRoS
https://t.me/TronWalletMe- Tron Wallet Me