Team Tronics Loses SR Status
In a recent tweet, Team Tronics officially announced that the team has lost its SR status. As per the team, this was the best move for the TRON blockchain.
We have officially lost SR status, a new beginning. #WinterIsComing
— Team Tronics (@team_tronics) November 18, 2018
While it may be a bit disappointing for some of the supporters of the team, the team asks for everyone to stand with them as a team.
Also Read: TRON Foundation Announces niTROn Summit
The news comes in just a few days after the team wrote a letter to the community.
The letter starts off with the team introducing itself:
“We are Team Tronics – one of the strongest and most reputable teams on the TRON network. Working as a decentralized team. Because we have been a community-driven project, we feel the need to openly talk about existing issues and possible solutions for the TRON network and its Super Representative (SR) behaviour. Being heavily driven by education, we see no other way to deal with ongoing issues than to openly address them. We have supported TRON in every stage and contributed to its success in every possible way we can, including project development, testing, providing new ideas, community and technical support, rehearsals, community meetups, attracting new members, driving adoption, education and by providing the strongest SR Node to the network. Our node as of the writing of this article has produced 131,276 blocks and has only 96 blocks missed, resulting in a productivity rate of 99.93%. This means we operate one of the most reliable and hardest working witness nodes on the TRON network. To further enhance network strength and stability, we operate three backup servers running side-by-side our witness node to ensure that we are not missing blocks or compromising network. Currently, we are ranked as the 6th highest voted team in the Super Representative rankings with 212,562,989 votes.”
Moving on to the team’s story:
“Our story began with the vision of representing all the believers in TRON and everything TRON stood for, and we felt we had to do what we did, when we first got elected. We were one of the first SR team who introduced rewards for votes, the idea was to reward people who helped us to get elected and we promised to give 80% of our FIRST claimed block rewards back to our supporters, because, at that time, we wanted to be the ones who shared our success. The plan was to have a one-time Airdrop to supporters and the community to say – ‘Thank You’. At that point, we did not realize that we had opened pandora’s box.”
Continuing with the story the team said:
“As soon as we did that, other SR’s for competition purposes introduced similar rewards, too. This became the game for all and we were all fighting for the votes. After seeing that voters were still not happy with the current community reward rate, we started to do something drastic. We decided to be the first team who gave everything back to the community and that was our biggest mistake. We have to shoulder the guilt for this. By doing so we opened the floodgates to every other community SR to follow us and we are where we are today.
As a team, we have come to a fork in the road that must be addressed and has been addressed by other community-run SRs, as well. Currently, SR rewards have grown to such extents that community SR’s are forced to give back 100% just to stay in the top 27, and even this is not enough anymore.”
Finally, the team thanked everyone for helping them get elected:
“Thank you to all who helped us get elected and we hope that you continue to support us as we move to bring real change. If you do not wish to continue to support us, we understand and still appreciate your support to this point. By no means are we trying to damage current SR positions or criticize their work. Current community SR’s are the best and hardest working teams we have met on our journey. Since the beginning, we have been working together with most and will continue having a strong relationship with everyone. We also would love to see that other SR’s join our movement, follow our example and re-distribute funds from block rewards on infrastructure they promised, for funding their projects and for building a better and bigger community. Everyone can get elected when paying for votes, the real challenge is to get votes and support from people who truly believe in TRON, SR values and want to contribute and build a better network together.”