Ergon: Save, Earn, Participate
Intro
The Ergon projects appeals to users needing energy to lower the cost of transactions (smart contract users, developers) and to TRX holders seeking to maximize the return on their investment. Ergon is a community developed project, so expect cooperation and support to other projects that share our view of what the crypto industry should be. USTX users will have benefits, like lower energy prices and higher staking returns.
Save
The application has a simple interface to enable renting energy and save on transaction fees.
- Flexible duration: 1–7 days
- Base price for 1 day, discount for longer periods
- Zero energy required to rent small amounts of energy (contract pays fees)
- Up to 10% discount for USTX stake holders
- Dynamic pricing depending on energy utilization rate and time between trades
- Automatic release at expiration
- Security deposit of 1 day of energy cost and automatic refund of the recovered energy (up to 100%) at expiration
Earn
The application has a simple interface to stake TRX and earn passive income. The ERG token will be traded in exchange for TRX and allow extended book-keeping and additional DeFi uses.
- Deposit TRX and get ERG in return at current exchange rate
- ERG/TRX exchange rate will always increase, incorporating all system rewards
- Holding ERG means real-time rewards accounting and auto-compounding. There’s no need to claim rewards and re-stake. Just relax and enjoy increasing wallet value.
- 75% base share on energy profits
- up to 25% additional return for USTX stake holders, resulting in 100% share on energy sales
- TRX are locked for a period that depends on network parameters. Partial unlocking is allowed. Early unstake will be possible through other means (e.g. TRX/ERG liquidity pools on JustMoney and other DEXs).
Participate
All TRX staked in the contract will generate voting power. All votes will be cast to community driven Super Representatives. The USTX Team will support TuruGlobal SR from the beginning. ERG holders will be able to propose new SRs and on-chain voting will decide.
Risks
As always, we want informed users, so here’s our risk assessment for Ergon:
- smart contract risk: we carefully designed and tested the contracts on Nile and Mainnet, but human error can never be excluded 100%;
- TRX price risk: ERG token price is linked to TRX. So even if ERG exchange rate will always increase with respect to TRX, the deposit value in other currencies (e.g. USD, EUR) might decrease, following TRX price;
- This is not financial advice, DYOR.