Using the TRON Network to Make $$$ in Crypto
Use Tron to make bank in crypto.

Using the TRON Network to Make $$$ in Crypto

By AlucardLife | cryptoinvesting | 24 Nov 2020


TRON?

Yes, Tron.

People hate on Justin Sun for making Tron a copy of Ethereum, but we're in an open source culture, folks. I really don't know what you're talking about there. And this vitriol has kept many people from benefitting from what Tron got right.

Compared to Ethereum, Tron is:

  • faster
  • more stable
  • easier to navigate
  • less frustrating (no failed transactions unless it's actually your fault)
  • better UI

I'm not saying this because I'm some Tron maximalist. All of these improvements give Tron a unique infrastructure that makes it incredibly good for one purpose:

Passive profit.

TRX will never moon.

Did you hear me?

Don't hold TRX. It's a deathcoin.

But the Tron NETWORK...

I Use:

Bankroll.

Bankroll is hands down the best community I have ever come across. It is also one of the most complex dapps I have ever seen. Recently, the community celebrated the event of mining all 21,000,000 BNKR tokens. I was there for it and made quite a bit of money.

I then immediately lost money in the dump that followed. Here's why I still believe in and use the platform.

1. The dev is incredibly smart and always available in the Telegram. He answers questions and is very upfront about what he plans to do. Sometimes he just straight up tells you that this is the play to make. He's not some degen Eth dev trying to fake you out and rug you. He's telling the truth.

Bankroll has done well for many people for years, apparently. It has a reach into poor villages in Cambodia and is doing what financial dapps are supposed to do — connect the world to banking and distribute value to create opportunities.

Honestly, the farm sucks now compared to a month ago. But I believe in the dev.

Oikos.

Oikos is a synthetic asset generator that worked well for me as a passive profit generator for a few months. It suffered a tech bug and I pulled out and got into Bankroll, but I would go back. Now that I have a little bit more money, I will use both platforms.

If you are a trader, Oikos is for you. You use your stake to mint synthetic USD and get Oikos rewards. The rewards are locked if you choose to accept them, but they compound over time. You can go long and short on bitcoin, ether and a few other assets using the exchange. The best part about Oikos (when it's working well) is that you don't have to choose between benefitting now or later. The platform kind of forces you to do both.

Stay Away From:

TronPrime.

The dapp is ok, but the interest rate has been falling since I saw it. It's an hourglass, so you lose 10% on entry and exit. I put a little bit in and monitored it for a few months. At the beginning, you were getting 75%. By the time I chose to get out, the interest rate was below 50%. That shows unsustainability. It's kind of like Core — if the price of the token keeps dropping like it has, then the rewards you get don't mean much. Plus you lose your initial capital. 

In general, don't do any dapps on Tron that require lockup. The platform in general is geared towards inflation. You have to get in and out quick when you strike, except for the dapps above that seem to have overcome this problem because of their communities and infrastructure.

Any "High Risk" Dapp.

The first dapps I messed with were these little game dapps with names like Superchickens. There were all kinds of game theories being played. But this playground is where I learned that no matter how sophisticated the tokenomics, there are only two things a token can do: go up or go down. Most of them went down, obviously. But I learned so much about how defi worked that I bet I saved thousands when I expanded to Ethereum. So far, only one rugpull my entire career.

So basically, using Bankroll and Oikos to fund your speculative plays on other networks is a legit way to use the Tron network. Imagine waking up every day to new house money that you could spend on anything. That's the beauty of Tron. Forget Justin Sun. The network's incredibly fast, inexpensive UI and infrastructure is what matters. You can do stuff there that isn't possible on Ethereum because of the fees and congestion, and no other network has the traffic to support passive profit.

November 25th UPDATE: Please read this. There have been some vitally important changes to the Tron network in the past 24 hours.


AlucardLife
AlucardLife

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