Huobi Wallet Builds Up Campaign as TRON (TRX) Super Representative
The voting process will distribute a 200,000 TRX reward for supporters.
Huobi Wallet, a subsidiary service of Huobi Exchange, is moving forward with its campaign to gain a spot as a TRON (TRX) Super Representative. Huobi is the next exchange with a special TRON partnership, following the decision of Poloniex to achieve closer ties with the project.
The voting process for Huobi Wallet will include staking TRX to support the candidacy. The campaign will run between December 4 and December 23, with each device and wallet receiving a maximum of 70 USDT.
The voting process can also be performed through delegators, which aggregate some of the coins. Huobi Wallet is currently at number 42 based on votes. Huobi Pool is already elected among the 27 Super Representatives. The list of entities is shifting, with votes changing the block producers. Usually, SR entities share some of the TRX rewards with their delegates or voters.
Huobi Wallet has collected more votes in comparison to Poloniex, which announced its Super Representative candidacy last week. Voting is unpredictable, and depends on the distribution of TRON resources.
The SR candidacy is based on a long-time delegation work by Huobi Wallet. The success may also be due to the multiple users already storing TRX on the wallet.
Huobi and TRON are showing signs of trying to popularize their positions in the Chinese crypto space. Huobi has established itself as one of the leading exchanges, receiving significant support from the state. Huobi has also turned its seat at Hainan into one of the crypto hubs in China.
TRON keeps expanding its presence, partially by supporting about 14% of all Tether (USDT) on its network. Still, the TRX market price remains depressed around $0.014.
The Abra app has recently spoken of TRON’s capabilities to change the future of money. So far, TRX assets are used within the ecosystem, and support a significant gambling dAapp selection.