Tron Foundation recently announced the official launch of Sesameseed’s SEEDgerminator. The official message was shared on the official channel of the company yesterday, on September 10.
The official message by the company reads: “the SeedIt Germinator from seasemseed_SR was officially launched this past week! Check it out here”.
Initial details about SEEDgerminator had been shared back in June while the official launch took place last week. Meanwhile the official confirmation by Tron Foundation has been released only recently.
SEEDgenerator is an accelerator which has been designed for developers who aim at creating different products including: DApps, tokens, and technology on the Tron network. The approach to the system is rather democratic, as the developers from the community members submit proposals, which need to be according to appropriate guidelines, and afterwards the community is called to vote upon those.
“It can be looked at as a crowd-sourced venture capital program where the projects get access to the 10 percent TRON node rewards that are produced by Sesameseed through the process of community voting. The projects that have a potential to provide community rewards (like airdrops and early access) end up winning and are then invested in by the organization” the source explains.
In fact, these projects themselves are believed to offer important benefits to the seed holders. Some of the key benefits may include: a chance for holders to use the developed tokens in order to participate in projects at special rates. The founded projects have a measurable potential to contribute to the network and make it larger and stronger. “The organization ensures that community-desired projects are fast-tracked onto the TRON network”, continues the source.
Tron community-built organization, Sesameseed is reportedly very transparent when it comes to distributing 80 percent of TRX reward to the members of the community who vote.