Institutional Staking Provider P2P.org Elected As TRON Super Representative Validator

This opens up the blockchain to hundreds of institutional investors, opening up the doors to TRX staking on the TRON blockchain. 

P2P.org, a leading staking-as-a-business provider for custodians, exchanges, and private investors, has been officially voted as a TRON Super Representative (SR), the company confirmed this Tuesday. The staking service provider will become a node validator on the TRON blockchain, bringing institutional TRX staking services to its clients. 

Becoming a TRON SR validator sees P2P.org expand its validation services to more than 40 blockchain networks, including Solana, Ethereum, Polkadot, Polygon, and Celestia, among others. Crucially, the move will establish a new pathway for its hundreds of institutional investors towards TRX staking on the TRON network. 

Alex Esin, CEO at P2P.org, believes joining TRON will be a significant move for institutional staking to enhance staking adoption globally. Speaking on its induction as a Super Representative validator, Esin shared: 

"Becoming a TRON Super Representative Validator represents a significant advancement in our validator portfolio. This expansion strengthens our position across more than 40 networks and creates valuable new opportunities for our institutional partners to optimize their TRX holdings with industry-leading staking solutions."

Notwithstanding, as a newly elected SR, P2P.org will both strengthen TRON's infrastructure and create pathways for institutions to access staking rewards on the network.

How To Become A TRON SR Validator

TRON Super Representatives, or block producers, have the responsibility of securing the network, validating transactions, making governance decisions, and produce blocks. The Super Representatives are 27 elected validators that form the backbone of the network's delegated proof of stake (DPoS) consensus. This is done by producing blocks every three seconds, validating transactions, voting on governance decisions, and sharing block rewards with their voters.

The SRs are elected through voting, with any account being eligible to enter the voting period. The candidates can apply to become an SR by paying 9,999 TRX (~$2455) and then participating in the election. 

Once the DAO votes you in among the top 27 candidates, you become an SR. Only a Super Representative (SR) or a Super Partner (backup SR) can act as a validator on the Tron network, helping validate transactions, produce blocks, and maintain the security of the network.

Speaking on the growing TRON ecosystem and why more institutions are looking towards the blockchain over its competitors, Sam Elfarra, Community Spokesperson for the TRON DAO stated: 

"With its scalability and minimal transaction costs, TRON has become the blockchain of choice for an increasing number of DeFi platforms focused on institutional adoption. As the builders of a thriving ecosystem with hundreds of institutional clients, we are thrilled to welcome P2P.org as a Super Representative."

As stated above, P2P.org aims to continue its quest to grow institutional staking, and the latest move is a testament to its goal. So far, the company boasts $4.7 billion in total value locked, spread across more than 40 blockchains. P2P.org has also built a thriving ecosystem that serves over 90,000 delegators and hundreds of institutional clients.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice