Binance Is Adding TRX Staking Support After Becoming TRON's Top Super Representative

  • Binance has become the TRON's top Super Representative with more than 12 billion votes. 
  • The exchange announced support for TRX staking to begin Oct. 1

Leading cryptocurrency exchange Binance has become the top Super Representative for TRON's network, in addition to announcing support for TRX staking. 

Binance: TRON's Top Super Representative

According to representative data compiled on TRON Scan, Binance has moved into first place with over 12 billion votes. Super Representatives are responsible for maintaining the integrity of TRON's network and approving proposals in a decentralized fashion. 

In addition to becoming the top TRON representative, Binance also announced support for TRX staking beginning Oct. 1.  According to the press release, the amount of TRX earned by a user will be calculated based upon their holdings and the total staking rewards received by Binance each month. Users are required to hold a minimum of 5 TRX to qualify for rewards, with the initial distribution of staked TRX to be delivered before the 10th of November.

Earlier in the month, TRON founder Justin Sun took to Twitter to outline his proposal for updating the TRX staking mechanism. 

Sun’s proposal, which has yet to be implemented, seeks to improve the efficiency of TRON's ecosystem. 

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