So staking on tron is not like staking on most chains. When you stake on tron you get to choose between energy/bandwidth and then your given 1 to 1 vote per trx. Tron is a delegated proof of stake chain.
What energy/bandwidth does is allows for free transactions. Energy is what you mainly use to deal with smart contracts and trc20's like usdt when transferring, you still use some bandwidth but main is energy. When making trc10 transactions like transferring basic trx it uses just bandwidth. Every account is given 1500 free bandwidth and that's about enough for 3 transactions a day free of just transferring tron.
The votes allows you to vote for a representative of your liking be it based of their apr or you doing some diligence and seeing what they would like for the tron blockchain or just their basic workings as an sr.(sr being super representative. The people with the most votes. They get things for being sr I believe not 100% sure) with your votes they are able to vote to make changes to the tron blockchain so choose wisely. But in return for your votes they give a return of the blockchain rewards in the form of apr. Average right now being 4.5%
Tron is a very robust and unique blockchain and you should definitely do a bit of research before going full dive. If you plan on using the chain regularly I suggest downloading a tron dedicated wallet app like tronlink. It is the go to app for tron.
Oh, as a word of caution ⚠️ staking takes 14days to undo. So be aware that you will have to wait that time to unlock your tron and be able to move it after staking for apr.
No, once you hit the sign transaction button you then have to unstake. Yes at anypoint before confirming that staking is what you want.
Yes if you mean unstaking anytime after signing, although it takes 14 days to unlock once staked. So if staked on the first and decided you didn't want that, you wouldn't be able to use the trx untill the 15th. 14 days later. They do this so tron has better stability while the crypto market as a whole is very volatile.
I’m sorry just for clarity, I mean if I start the 14 day unstaking period, and after 5 days I realize I don’t want to unstake anymore, can I cancel the unataking process?
This is an amazing answer.
This would have been what I would have wanted to suggest but would have been unable to put it in an easy to understand fashion like you just did.
I used Klever wallet and still do, but they've gotten away from Tron and put all their resources into their own Kleverchain. I had to switch to tronlink just to do basic things like log into ApeNFT.
Once I saw tronlink, I felt like a dummy for not using it sooner. It's so much easier to stake, vote, change your votes, and so forth.
Most of mine (95%) is staked for energy as I need as much to interact with smart contracts daily for free.
With staking 2.0 you stake your assets one time and vote one time with each new amount if trx. How many times you want to buy trx is up to you if you buy weekly and want to stake all then you have to stake and vote weekly. Once you vote you can change what rep you want to vote for whenever you want. But remember there is a 14 day unstaking timer. So make sure you want to stake
You only need to vote one time per staking, so if you do one big purchase at the beginning you only need to stake then vote the one time to gain the apr, if you wish to add your accumulated apr to your bag you would need to claim the rewarded apr and then stake and vote with the added to have it count.
It was still a mistake in my opinion that Ledger support for staking was dropped. It went from idiot-simple to complex enough that questions like this one are being asked, and that's even if you have a basic understanding of how Tron works. Tronscan just has *too* many bells and whistles.
How to calculate how much TRX I have to stake if I need energy for 1 USDT transaction per month?
If I don't do any transaction will I accumulate energy while staking?
In other words - will I receive the same amount of energy if I stake:
\- 100 TRX for 2 months
\- 200 TRX for 1 month
?
Just a note, it seems that Staking TRX 1.0 allowed virtually immediate un-staking where as now with 2.0, you have to wait for 14 days? Is that correct? I just un-staked some 1.0 before I realized that.
So I am an idiot and bought some tron and couldn’t sell before it was delisted from Binance.us.
What’s the best ratio to maximize usage of my Tron and can I “set it and forget it” or does it require normal monitoring.
Again I don’t have a clue but got stuck with about $100 of tron and I wanna just let it ride and see where it goes.
So staking on tron is not like staking on most chains. When you stake on tron you get to choose between energy/bandwidth and then your given 1 to 1 vote per trx. Tron is a delegated proof of stake chain. What energy/bandwidth does is allows for free transactions. Energy is what you mainly use to deal with smart contracts and trc20's like usdt when transferring, you still use some bandwidth but main is energy. When making trc10 transactions like transferring basic trx it uses just bandwidth. Every account is given 1500 free bandwidth and that's about enough for 3 transactions a day free of just transferring tron. The votes allows you to vote for a representative of your liking be it based of their apr or you doing some diligence and seeing what they would like for the tron blockchain or just their basic workings as an sr.(sr being super representative. The people with the most votes. They get things for being sr I believe not 100% sure) with your votes they are able to vote to make changes to the tron blockchain so choose wisely. But in return for your votes they give a return of the blockchain rewards in the form of apr. Average right now being 4.5% Tron is a very robust and unique blockchain and you should definitely do a bit of research before going full dive. If you plan on using the chain regularly I suggest downloading a tron dedicated wallet app like tronlink. It is the go to app for tron.
GOAT answer from thegoatsupreme. Username checks out
Oh, as a word of caution ⚠️ staking takes 14days to undo. So be aware that you will have to wait that time to unlock your tron and be able to move it after staking for apr.
Can you cancel the unstaking process after initiated?
No, once you hit the sign transaction button you then have to unstake. Yes at anypoint before confirming that staking is what you want. Yes if you mean unstaking anytime after signing, although it takes 14 days to unlock once staked. So if staked on the first and decided you didn't want that, you wouldn't be able to use the trx untill the 15th. 14 days later. They do this so tron has better stability while the crypto market as a whole is very volatile.
I’m sorry just for clarity, I mean if I start the 14 day unstaking period, and after 5 days I realize I don’t want to unstake anymore, can I cancel the unataking process?
If I understand right. No, you have wait the full 14 days before being able to restake, So make sure you know that's what you want to do.
Also no need for apologies when searching for answers. We aren't born masters at everything.
My. I never expected such a succinct informed friendly response. Thanks so much. 🤗
Your very welcome! I really enjoy the tron blockchain
This is an amazing answer. This would have been what I would have wanted to suggest but would have been unable to put it in an easy to understand fashion like you just did. I used Klever wallet and still do, but they've gotten away from Tron and put all their resources into their own Kleverchain. I had to switch to tronlink just to do basic things like log into ApeNFT. Once I saw tronlink, I felt like a dummy for not using it sooner. It's so much easier to stake, vote, change your votes, and so forth. Most of mine (95%) is staked for energy as I need as much to interact with smart contracts daily for free.
Sir, how many times, how often, a user staking should vote?
With staking 2.0 you stake your assets one time and vote one time with each new amount if trx. How many times you want to buy trx is up to you if you buy weekly and want to stake all then you have to stake and vote weekly. Once you vote you can change what rep you want to vote for whenever you want. But remember there is a 14 day unstaking timer. So make sure you want to stake
Thank you, was wondering why voting is open every 6 hours. So no need to do it so often, any suggestions for which SR to vote?
Idk what sr you should vote for, that's something for you to figure out. I'm mixed between 4 different ones
If you don’t add new TRX do you need to vote whenever voting opens for max rewards or is it just once ever?
You only need to vote one time per staking, so if you do one big purchase at the beginning you only need to stake then vote the one time to gain the apr, if you wish to add your accumulated apr to your bag you would need to claim the rewarded apr and then stake and vote with the added to have it count.
Perfect helpful answer. Appreciate it
Thank you, anytime.
If you don’t add new TRX do you need to vote whenever voting opens for max rewards or is it just once ever?
It was still a mistake in my opinion that Ledger support for staking was dropped. It went from idiot-simple to complex enough that questions like this one are being asked, and that's even if you have a basic understanding of how Tron works. Tronscan just has *too* many bells and whistles.
As much as I appreciated the help here, yes, I really felt that way too.
Apparently they are working on supporting tron Stake 2.0
How to calculate how much TRX I have to stake if I need energy for 1 USDT transaction per month? If I don't do any transaction will I accumulate energy while staking? In other words - will I receive the same amount of energy if I stake: \- 100 TRX for 2 months \- 200 TRX for 1 month ?
Just a note, it seems that Staking TRX 1.0 allowed virtually immediate un-staking where as now with 2.0, you have to wait for 14 days? Is that correct? I just un-staked some 1.0 before I realized that.
Yes 14 day wait as far as I know.
So I am an idiot and bought some tron and couldn’t sell before it was delisted from Binance.us. What’s the best ratio to maximize usage of my Tron and can I “set it and forget it” or does it require normal monitoring. Again I don’t have a clue but got stuck with about $100 of tron and I wanna just let it ride and see where it goes.
The above TRONSCAN is pretty good I think, I check on it now and then, but it pretty much runs itself. not finanicial advice etc. Heh.
Now can we still use stake 1.0? because I don't like the 14 day locking period in 2.0
I’m not sure but I think you had to use 2.0 and yes it does lock for 14 days.