Intergalactic Gaming, a new blockchain project focused on tokenizing the esports industry, has officially earned its spots as a TRON Super Representative, just hours after first announcing its candidacy.
We have now reached rank 27 in the #TRONSR elections.
— Intergalactic Gaming (@Official_IGG) November 19, 2018
Super Representatives are rewarded for their governance efforts, each receiving 32 TRX per block created by the TRON public blockchain network. Given that the TRX block creation rate is 1 per second, each Super Representative will receive 2,764,800 TRX per day. At current prices, this comes out to around $44,000 per day.
According to Intergalactic Gaming’s announcement, the project intends to distribute its delegated proof-of-stake (DPoS) block rewards according to a three-tiered plan, where it first intends to distribute 100% of TRX rewards to voters. As they progress, Intergalactic Gaming will slowly reduce that percentage in order to establish their foundation and kickstart product development.
“Our web-based platform will utilize blockchain technology and smart contracts to change the way we interact with each other in the esports realm. IGG tokens (TRC-20) will play a pivotal role in our ecosystem and will have significant use cases for gamers, teams, brands and the wider public,” reads the Intergalactic Gaming website.
The launch of Intergalactic Gaming follows the major push by TRON to onboard game developers onto its network. Early progress with simple dice-based games has helped facilitate a record surge in account creation and daily transactions.
TRX is currently down 16% on the day to $ 0.0159, giving the project a $1.05 billion market cap and making it the 10th largest coin in the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.