Ever since @justinsunsteemit got on the scene, people have been a bit...edgy, to put it lightly. The shitstorm started with rumours about his plans to absorb or shall I say colonize Steem and make our precious coins worthless. Sun's silence didn't help matters too. It led to Witnesses shitting bricks and limited Steemit Inc. control of their stake and ninjamined playtoys. That's where we are, in case you missed what's been happening,
On the flip side of things and rather refreshing is the fact that the news spread fast because of Sun's gigantic hugeness and has led to a lot of new people jumping on the Steem train. Even those that had left came back to at least spy on proceedings.
Tron foundation is massively massive, and so it shouldn't come as a surprise that a lot of people from various corners of the community have joined our platform. They interact, participate and shill the fuck out of TRX to anyone willing to listen. Here's the thing, I've been listening and this led me to construct a masterplan that may or may not bang.
The plan was motivated by my interaction with members of the @jtsofficial. In case you don't know them, they're a collection of Tronites? Tronixers? Tronixerians? Ugh...Tron Shills, let's go with that.
They're actually really nice guys, and they roped me in with their niceness to invest in TRX. It's a symbiotic shitcoin to shitcoin swap deal and here's how it's going to work;
The Master Plan
Well, you've made it this far, so I reckon you actually want to know my plan. Let me start by saying it is actually a plan that's going to foster the mutual growth of both platforms(Steem and Tron). Here are the steps;
Step 1: Sell Some Steem for TRX
This is the only hard part of the plan, and it involves letting go of some of your dear Steem. Before you get upset and close this page, I want you to know that you're going to get all your Steem back eventually, take a walk with me.
There's no direct route or swap between Steem and TRX, but if @justinsunsteemit and the other TRX shills are really interested in growing this union, I expect swapping to be possible in the near future. However, to swap mine, I used Binance and completed the swap deal in a few minutes, with a few exchange fees here and there.
- Steem ==> Bitcoin
- Bitcoin ==> TRX
Step 2: Stake TRX
Now that your shitcoin to shitcoin swap deal has been completed, you'll have to stake the TRX you got from the exchange. I use Tronwallet because it came highly recommended by members of the community I interacted with. However, you can go with whatever service that works for you. Here's a screenshot of my staked TRX
Needs a boost
I also learnt through interaction with the boys in the JTS Steemit room that staking your TRX tokens on people called Super Representatives, similar to what we call witnesses accrues profit. If you look at my wallet, you'll see the tiny bit of TRX in the "Available" section and that's what I've earned from staking. Which leads me to the final step of this master plan.
You can check https://www.tokengoodies.com/voterrewards to get an idea of how much you'll earn for Voting(staking) to a particular Super Representative.
Step 3: Buy Steem with Profit
When you've earned a substantial amount of TRX from staking, you simply reverse the process depicted in Step 1.
- TRX ==> Bitcoin
- Bitcoin ==> Steem
Then send it back to your Steem account from your preferred exchange. Easy money.
This is the Cryptoverse, and you naturally have to do your own research before taking these steps. However, I think it is a pretty simple plan that keeps you perfectly placed to benefit from the potential union between Steem and Tron, and if you're like me that has been All in on Steem, you get to diversify your portfolio a little bit. It's a win-win.
FINAL final words
One last thing, I have a @splinterlands voucher code that can be used to claim a starter pack. The starter pack will generally cost $10, but with this code, you get in for free. There's no contest for the promo, I'll be giving it to the first person that indicates interest in it.
Thanks for stopping by and here are a few other posts you might ;
- Corona virus outbreak is trending; should I be worried?
- Joker 2019 Review
- Is Steem facing an existential crisis or are just paranoid?
- Dear Diary; I'm drifting
- My Steem Story
Here's my Tron address to support my war against poverty: TQJjvR95bxWQFAQup1TW8Hpyjiq1yFMriF
You can also find me on Twitter