Buy and Sell TRON Energy: Everything You Need to Know 

Are you an avid trader burdened by hefty transaction fees draining your crypto gains? What if you can significantly reduce your crypto transaction fees or even completely waive them?  

Introducing TRON Energy, one of the key resources in the TRON blockchain network that allows users to enjoy economical on-chain transactions by reducing or eliminating network transaction fees. The plus? You can also generate passive income.

In this blog, we will explore how to buy and sell TRON energy and opportunities to maximize resources and grow your crypto returns. Keep reading. 

What is TRON (TRX)?

TRON is a resource-oriented blockchain network created for scalable, high-speed transactions and to launch dApps (decentralized applications) using smart contracts.

History:

Established in 2017 in Singapore, the TRON Foundation was founded by crypto enthusiast and billionaire Justin Sun.

The foundation envisioned designing a completely decentralized platform without intermediaries where content creators could share and monetize their content and earn in TRX (the platform token).  

In May 2018, TRON launched its mainnet. In July 2018, it introduced its P2P (peer-to-peer) file-sharing service called BitTorrent.

In 2021, TRON was fully decentralized, and the network started operating under TRON DAO (decentralized autonomous organization). TRON DAO was a community-driven platform that empowered its community members and developers to participate in governance, voting, and proposing important decisions regarding network development and projects.

What is TRX? 

TRX or Tronix is the native token that fuels the TRON blockchain network.

TRX is used for:

• Paying network fees, service providers, and executing smart contracts.
• Facilitating seamless trading and distribution of rewards among token holders.
• Governance, where token holders participate in network voting and make important decisions.
• Staking and generating bandwidth and TRON energy.  

Also Read: Earn Passive Crypto Income with these 5 Proven Ways

What is TRON Energy? 

TRON has introduced a unique dual-resource model for optimizing network efficiency and executing “zero-fee” transactions. The resource model includes:

• Bandwidth
• Energy

TRON Bandwidth is mainly used for simple network transactions like transferring TRX tokens.

At TRON, every user account is allocated a specific amount of Bandwidth or transactional capacity. Users can earn Bandwidth by staking or freezing TRX for a particular (lock-up) time. The Bandwidth depends on the length of the staking period.

TRON Energy is used mainly for smart contract execution. In crypto, smart contracts are automatic, self-executing digital agreements. They are executed only if certain predetermined terms are met.

Popular blockchain networks like Ethereum or Bitcoin impose a transaction fee, also known as “gas” fees in ETH or BTC, respectively. At TRON, users pay through bandwidth or TRON energy and evade paying high TRX fees. It can be helpful for regular traders who execute frequent and high-volume transactions.

Bandwidth is used for transferring TRC-10 and TRX tokens. TRON Energy helps in executing smart contracts or transferring TRC-20 tokens.

How Does TRON Energy Work? 

The TRON network operates on its dual resource model, bandwidth and energy.

All TRON accounts get a free daily supply of 1500 Bandwidth points. However, there are no free points or daily supply for TRON Energy. It is generated by staking or freezing TRX tokens. The energy is replenished gradually over time as more TRX tokens are staked. This is also directly related to the total amount of TRX tokens you hold in the account.

While executing smart contracts, the network uses accumulated TRON energy. Energy utilized depends on the smart contract’s complexity. Simple smart contracts use less energy than complex smart contracts. If you have exhausted your TRON energy, you must wait before it is replenished.

If your account has insufficient TRON Energy while executing an ongoing smart contract, the network will calculate the energy cost and automatically deduct TRX tokens from your wallet. 

How to Buy and Sell TRON Energy? 

There are various ways to buy, sell, and generate TRON energy. However, you cannot stake both bandwidth and energy at the same time.

TRON Energy is generated through staking, freezing, or renting TRX tokens. Several platforms like TronSave or JustLend allow users to buy or sell (rent) TRON energy. 

Staking TRON (TRX):

Stake TRX to earn TRON Energy or Bandwidth.

Staking is a mechanism to earn rewards by locking or holding coins to support operations and enhance network security. It is similar to traditional banks, where you earn interest on bank deposits. The greater the deposit (amount staked in crypto), the more the interest or returns.

How to stake TRON (TRX)?

The TRON network runs on the “Delegated Proof-of-Stake (DPoS)” consensus mechanism for staking resources. This mechanism involves delegating TRX tokens to validate blocks and confirm transactions to secure the network.

While staking, you delegate your validation power by assigning your TRX tokens to a chosen validator node called a “Super Representative (SR).” The rewards are distributed between you (delegator) and the Super Representative.

Note: A funded wallet is replenished automatically with energy and can execute smart contracts. If the account has zero energy, it should accumulate energy to run smart contracts.

How is the TRX staking reward distributed?

TRON has 27 SRs and 100 Super Representative partners who can also validate if they have earned enough votes.

To validate, TRON distributes 160 TRX among the SRs and Super Representative partners based on the percentage of their voting rights.

Your Super Representative will share a percentage of the reward, minus the brokerage fee and network administration costs. The reward will be transferred to your TRON-compatible wallet, which you can withdraw periodically.

Several platforms allow TRX staking:

TronSave:

TronSave is an energy marketplace that allows users to stake TRON Energy and earn rewards. Buyers can buy TRON Energy, and sellers earn rental fees. The minimum energy rental price at TronSave is 25 SUN tokens (governance token at the TRON network).

Steps:

• Connect your TRON wallet with the TronSave platform.
• Fill out the “Buy Energy” form.
• Enter the amount of energy you want to buy and the price.
• Choose a valid wallet address for receiving energy.
• Click “Create Order” and finish.

Tron-compatible wallets:

Wallets compatible with the TRON network, like Trust Wallet, Tangem Wallet, TRONLink, Gem Wallet, or Ledger Live, allow users to stake TRX.

Steps:

• Open your wallet.
• Fund your wallet with TRX coins. You can link your wallet to an exchange and purchase TRX.
• Ensure that you have the minimum amount of TRX to continue staking.
• Select TRX or any other coin that you want to stake.
• Click the “Stake” button.
• Review staking details, such as the locking or unlocking period, APY (Annual Percentage Yield you earn), etc.
• Choose a validator from the drop-down list.
• Confirm your receiving address for staking.
• Complete the verification process to continue.
• Finish staking.

TronScan (blockchain explorer):

TronScan is the TRON network’s official blockchain explorer. It has an easy interface that allows users to monitor transactions and energy usage, manage wallets, and stake.

Steps:

• Go to TronScan explorer.
• Connect your wallet with the platform.
• Click Resources > Stake 2.0 > My Stake.
• Select “Stake TRX” and fill in the details.
• Enter the staking amount and confirm.
• You can also vote to earn staking rewards.

Advantages:

• Earn passive income by reinforcing network security and operations.
• Reduce network fees to zero and optimize cost efficiency.
• Participate in governance protocols and contribute to the growth of the network.

Freezing Tron (TRX)

Freezing locks the TRX tokens for a certain time, generally 3 days, to accumulate bandwidth or energy. During this time, you cannot access the tokens. Once the freezing period is over, the TRX tokens can be accessed and traded.

TRX freezing helps to gain TRON Energy and voting power. This voting power can be used to vote and select TRON validators, the Super Representatives (SRs) who help to stake and earn rewards.

Users freeze TRX to accumulate more energy and execute complex smart contracts at reduced rates. Once the TRX tokens are unfrozen, they can be traded, but you lose the stored energy.  

The key difference between staking and freezing:

The key difference is that staking helps users to earn rewards, but freezing only helps to accumulate more energy. It does not compensate users with any rewards.   

Advantages:

• It gives you voting power, which can be used to stake TRX and earn rewards later.
• Earn TRON power, energy, and extra bandwidth points for free.

Renting TRON Energy

You can rent TRON Energy and run smart contracts without staking or freezing your TRX tokens.

Renting involves two parties:

• The lender, who has surplus TRON Energy and wants to lend it in return for TRX tokens. This is an excellent way to gain passive crypto income.
• The renter buys TRON energy and pays TRX tokens as rental fees to the lender.

How does it work?

The lender rents the TRON Energy for a specific time. The buyer sends the rental fees to the lender’s wallet address and gets instant access to energy. The energy received is temporary and expires once the rental period is over.

Several platforms offer TRON Energy rental services:

JustLend DAO: It offers easy energy rental services at economical prices. The platform is simple to navigate. Once you go to the rental page, enter the amount and duration you want to rent. The rental period may range from 3 hours to 3 days. The platform will deduct the rental fee from your wallet. You can end the rental service early and refund the remaining amount.

TronNRG: The platform offers a unique feature where users can rent energy needed to complete a single action and incur minimal transaction fees. Connect your wallet to the platform and choose the “rent energy” option on the rental tab. Choose if you want hourly or daily rentals from the drop-down menu. Next, input the rental amount and confirm the process. Once the rental period is over, TronNRG will automatically deactivate the process.

TronZap: It is a secure and noncustodial rental service platform. It offers easy and cost-saving rental services suitable for frequent traders. The platform is fast, and you can complete the process within 60 seconds. It has an official Telegram bot and a web browser for its rental services.

Apart from the above platforms, several Telegram bots like DevPost or RentTron automate the energy renting process and handle everything from start to finish. 

Advantages:

• Unlike freezing, renting energy keeps your TRX free. Earn by lending TRX to borrowers.
• Avoid delays and get immediate access to TRON Energy without waiting for the freezing period to end.
• It is flexible and convenient. You can choose how much energy you want to lend or borrow without large upfront payments.

TRON Energy: Why it Matters?

• Facilitates “zero fees” and low-cost transactions.
• Encourages new-age traders and developers looking for scalable and cost-friendly DeFi investments.
• Improves user engagement and loyalty through staking rewards and low fees.
• Enhances network security and growth as more users are onboard. 

Final Thoughts

TRON Energy is an innovative resource model pioneered by the TRON network, revolutionizing low-cost and even zero-fee blockchain transactions. The model offers a scalable solution by alleviating network congestion and improving operational efficiency. Additionally, staking and renting Tron energy provide an attractive way to generate passive income with minimal expenses.