Klever
  • Home
  • Global
  • Exchange
  • Wallet
  • Education
  • NFTs
  • Announcements
  • Opinions
  • Marketcap
No Result
View All Result
  • Login
  • Register
Klever News
  • Home
  • Global
  • Exchange
  • Wallet
  • Education
  • NFTs
  • Announcements
  • Opinions
  • Marketcap
No Result
View All Result
Klever News
Home Wallet

KLEVER TUTORIAL: How To Freeze TRX For Energy & Bandwidth To Lower Fees

by Misha Lederman
February 12, 2021
in Wallet
Reading Time: 4 mins read
2.9k
A A
0
Share on FacebookShare on Twitter

After the implementation of Proposal 51, raising the fees on TRON by 3,5 times, users will need to freeze TRX to get Energy & Bandwidth to enjoy lower fees. Here are the steps to freeze TRX in Klever.

The successful voting for Proposal 51 implements 3,5 times higher TRX network fees for Bandwidth and Energy on the TRON blockchain, a move that is aimed at making TRX a deflationary asset by burning more TRX than is created.

Now that these new increased TRX network fees are live on the TRON network, it is important that users who want to enjoy lower network fees when conducting transactions and interacting with smart contracts, such as KLV Staking in Klever App, freeze TRX in order to gain more Energy or Bandwidth in their accounts.

Today we will show the simple steps how to freeze TRX in Klever App in order to gain Energy to lower network fees for smart contract interactions or obtain more Bandwidth to get lower network fees for transactions.

What Is Energy & Bandwidth?

To explain Bandwidth and Energy in simple words, TRON Bandwidth allows users to perform transactions on the blockchain without paying extra network fees, while Energy is a special resource used to process smart contracts on the TRON network.

You might also like

K5: a bright future ahead with the community being the biggest inspiration 

K5: a bright future ahead with the community being the biggest inspiration 

February 3, 2023
7.3k
Klever is your go-to DeFi solution 

Klever is your go-to DeFi solution 

February 1, 2023
7.3k

What is important from a user perspective, particularly if you are interacting with smart contracts on TRON, is to freeze more TRX for Energy in order to continue to use those smart contracts with no or very small network fees.

In addition to smart contracts, Energy also serves to carry out any transaction that involves TRC20 tokens.

You can easily freeze TRX in your Klever app by clicking the “Freeze” button located in your TRX account screen, as shown in the simple steps below.

Simple Steps to Freeze TRX for Energy

These are the simple steps you need to follow to Freeze TRX to obtain Energy in order to have lower fees when interacting with KLV Staking and other smart contracts:

  1. Go to your TRX account Screen in Klever.

  2. Press Freeze

  3. Press Energy

  4. Freeze TRX to obtain Energy to enjoy lower fees in Klever Staking and other smart contracts running on TRON blockchain.

Moreover, once a user freezes their TRX to gain Energy and thereby enables cheaper transactions when interacting with dapps, the user can also earn more TRX. This can be done since once a user freezes TRX, he/she gains Tron Power allowing them to vote in the SR election.

So freezing TRX for Energy to pay less in transaction fees can therefore enable you to earn by voting for our SR, namely TronWalletMe, with your Tron Power.

Klever Tip: TRX Staking in Klever also works as a shortcut to Freeze with Energy Option + Vote on TronWalletMe SR. This means that Staking TRX in Klever is also used to receive Energy and works in a more simple and direct way to obtain Energy.

Simple Steps to Freeze TRX for Bandwidth

These are the simple steps you need to follow to Freeze TRX to obtain Bandwidth in order to have lower network fees when conducting transactions on TRON blockchain:

  1. Go to your TRX account Screen in Klever.

  2. Press Freeze

  3. Choose Bandwidth

  4. Freeze TRX to obtain Bandwidth to enjoy lower fees for transactions.

The increased network fees comes after Proposal 51 went into effect on February 11, and the goals of this proposal are simple and could be very impactful for TRON network, making TRX a deflationary asset:

Increase the current near-minimal network fees for Bandwidth and Energy by 3,5 times in order to encourage higher freezing rate of TRX, diminish low-value transactions (spam txs), increase security, reduce TRX in circulation, and promote the increase of TRX’s value by eventually making TRX a deflationary asset.


You can read more about Proposal 51 in our February 10 article below:

Subscribe to Klever News to stay updated on all things Klever, crypto, blockchain and decentralized finance by clicking the button below:

Sincerely,

Misha Lederman

Director of Communications at Klever.io


Previous Post

BTC Hits New ATH As Mastercard & America's Oldest Bank Join Bitcoin's Party

Next Post

Klever AMA – Full Transcript

Misha Lederman

Misha Lederman

Related Stories

K5: a bright future ahead with the community being the biggest inspiration 

K5: a bright future ahead with the community being the biggest inspiration 

by Maluh Bastos
February 3, 2023
0
7.3k

Klever K5 Wallet’s launch has been the buzz in the last few days. The new and improved Klever Wallet app...

Klever is your go-to DeFi solution 

Klever is your go-to DeFi solution 

by Maluh Bastos
February 1, 2023
0
7.3k

The DeFi world is growing fast. Therefore, having a trustable and effective platform to navigate this universe can help users...

Introducing K5, The Crypto Wallet Of The Future

Introducing K5, The Crypto Wallet Of The Future

by Klever
January 26, 2023
0
7.4k

KleverOS, the revolutionary Klever crypto wallet operating system that powers K5, ushers in a new era of crypto wallets. Today,...

Disrupting finance with crypto

Blockchain and Crypto: Disrupting the Financial Industry and Beyond

by Warren Manuel
January 17, 2023
0
7.3k

The rise of cryptocurrency and blockchain technology has been one of the most significant developments in the financial industry in...

Next Post

Klever AMA - Full Transcript

Klever Weekly Newsletter - February 11

Download Klever Wallet Download Klever Wallet Download Klever Wallet
ADVERTISEMENT

Recommended

Ethereum

Coin of the Week: Ethereum (ETH)

November 14, 2021
7.5k
Tron (TRX)

Coin of the Week: Tron (TRX)

May 19, 2022
7.5k

Popular Story

  • Stand a chance to win your share of 10,000 KLV

    Stand a chance to win your share of 10,000 KLV

    8335 shares
    Share 3334 Tweet 2084
  • Test drive Klever Wallet, K5 and Win 1000 KLV & 1 KFI

    7021 shares
    Share 2808 Tweet 1755
  • Bitcoin battles back from record losses to $21,000

    5914 shares
    Share 2366 Tweet 1479
  • Klever showcases its blockchain ecosystem on a Time Square billboard

    5358 shares
    Share 2143 Tweet 1340
  • K5 adds new blockchain and KleverSafe support in the latest Android version

    5070 shares
    Share 2028 Tweet 1268

Follow us on Twitter

Klever News

Join the Klever community
Growing together we are stronger.
Be sure to follow us on social media to stay up to date.

Categories

  • Announcements
  • Coin of the Week
  • Education
  • Exchange
  • Games
  • Global
  • Hardware Wallet
  • Market Updates
  • NFTs
  • Opinions
  • Sponsored
  • Wallet
Download Klever Wallet Download Klever Wallet Download Klever Wallet
ADVERTISEMENT

Recent News

K5: a bright future ahead with the community being the biggest inspiration 

K5: a bright future ahead with the community being the biggest inspiration 

February 3, 2023
Klever is your go-to DeFi solution 

Klever is your go-to DeFi solution 

February 1, 2023
  • Sponsored Content
  • Advertise
  • Contact Us
  • RSS Feed

© 2022 Klever News - Premium Crypto news & insights by Klever Finance.

  • Login
  • Sign Up
No Result
View All Result
  • Home
  • Global
  • Exchange
  • Wallet
  • Education
  • NFTs
  • Announcements
  • Opinions
  • Marketcap

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Google
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00
Go to mobile version