TRON Proposal #27 Approved

An explanation on what it means to voting rewards

Sesameseed has voted yes on TRON Committee Proposal 27 which was approved by more than 19 Super Representatives. It is now an active part of the TRON Network. Proposal 27 changed the way nodes are rewarded for creating blocks on the TRON Blockchain.

Proposal 27 Changes

Block rewards to node operators are made up of two components, the Block Generation Rewards and the Candidate Rewards.

1. Block Generation Rewards are issued to a Super Representative when the node they operate creates a new block on the TRON Blockchain. Until this point, the reward for each new block created by a node was 32 TRX per block. Proposal 27 has changed that reward to 16 TRX per block.

2. Candidate Rewards are rewarded to Super Representatives based on the number of votes they have received. Previously this reward was set to 115,200 TRX per 6 hour period (equivalent to 16 TRX per block) . Proposal 27 has changed this reward to be 160 TRX per block for Super Representatives and the next 100 highest voted nodes.

SEED Rewards Are Going Up!

Proposal 27 went into effect on Tuesday November 5, 2019 at 0600 UTC. This increase in rewards changed daily rewards from 39,416 total SEED issued on all chains for November 4 2019, to 83,116 SEED issued on November 5 2019.

The total number of SEED per day are expected to increase to near or over 100,000 SEED per day going forward. As described in the Sesameseed’s previous article on the tokenomics of SEED, there are a maximum of 100,000 SEED issued per day. Any additional TRX earned through the increased Candidate Rewards will be placed into the pegged value of SEED. Increasing the pegged value increases the guaranteed redeemable number of tokens for every SEED already in existence on any chain.

Additional Reward to Super Representatives from the TRON Foundation

The Tron Foundation has announced it will be providing an additional one time payment to Super Representatives based on the total number of blocks that Super Representative has generated since the generation block at the start of the TRON Mainnet in 2018. Sesameseed expects to receive a share of this one-time payment.

This one time reward will be used to augment Sesameseed’s Operations budget. This includes items such as the development of utilities required to create, issue, track, promote, and reward a multi-chain tokens such as SEED. Furthering the development and infrastructure of SEED provides benefits to all current and future SEED holders.

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