Connect To The TRX Ecosystem!
If you have been exploring staking and lending to generate passive income then TRX dapps might be something you should look into! There are currently loads of dapps on the TRX ecosystem but I am going to introduce you to the 3 that have a good reputation and been around a while.
Any participation in any of these projects should be done at your own risk and after doing your own research. Consider this information and not financial advice.
Firstly, all TRX dapps operate via the TRX ecosystem which runs on Tronlink. If you do not have a TronLink wallet, you can set one up here.
Tewkenaire has been running successfully now for a number of months and there are a number of options available on the network. We will be looking at Infinitew as it is the most utilized within the TRX ecosystem. Tewkenaire also has HEX smart contracts on the network but we are addressing TRX dapps.
Many smart contracts have an entry and exit fee incorporated into the contract, the contract in turn yields interest while you remain in the contract. If you look at the structure of most dapps you will find that they all share a similar design. The contract is designed to reward hodlers, the longer you stay in the contract the more you are rewarded and as players exit the contract your daily share increases.
On entering the contract a 50% fee is taken and converted into Infinitew, simultaneously Tewken is mined and added to your wallet balance. Tewken is the Tewkenaire token and it can be staked or sold on the TronLink Polonidex exchange. The 50% fee is dispersed to the reward pool and referral pool. Infinitew is a high reward contract that generally sees players break even at approximately 2 months. Rewards are issued in real time and can be withdrawn at any time. I am half way there to breaking even on Infinitew and so far the contract works really well.
Bankroll Save - Earn And Mine BNKR
Just like Tewkenaire, Bankroll also offers a number of different contracts but we will be looking at the flagship product, primarily because it is a zero fee contract! Yes, Bankroll Save has zero fees, no 10%, no 50%, just passive earning on a daily basis. Save has taken off and is the top contract by far on the Bankroll Network, attracting players daily! Currently Save has over 64 million TRX locked up with over 1000 players.
Save is super simple to use and understand! Simply lock up your TRX in the contract and withdraw at any time! Locked up TRX in the Save contract earn daily dividends paid out in BNKR token which is currently trading at approximately $0.05. Transacting on the contract also mines you extra BNKR, which is a nice added benefit! BNKR rewards can be sold for TRX or locked up in the BNKR contract to earn even further rewards. This is an interesting one to watch and experiment with, especially as the risk is pretty low.
No fees, which means you do not have to stay in the contract for a prolonged time to recoup initial entry fees. Furthermore, the BNKR token may increase significantly compared to TRX, making it more viable than simply staking TRX for TRX rewards in the official TRX staking protocol.
Win Gambling Dapp
Well, Win is probably one of the oldest and most trusted dapps on the TRX ecosystem. The Win dapp is pretty straight forward and operates in a similar way to Save. No fees are charged on entry or exit but there is a 48hr waiting period if you choose to unfreeze your Win tokens. Win tokens can be purchased on the TRX polonidex exchange which is connected to your TronLink wallet.
Simply go to "Windrops" and enter how many Win you are wanting to freeze and authorize the transaction. Once your Win are frozen, you will start receiving daily rewards in TRX. Depending on how much Win you are going to freeze, you may also receive daily rewards in BTT and USDT. These rewards don't qualify on smaller amounts as the pools are significantly smaller.
It is always wise to spread your risk over multiple projects and platforms ;)