Le Lézard
Classified in: Science and technology, Business
Subjects: PDT, FVT

TRON Founder's Incentive Plan Rewards Earlier USDT-TRON Adopters


SAN FRANCISCO, March 22, 2019 /PRNewswire/ -- Justin Sun, founder of TRON, announced a new incentive plan to reward USDT-TRON holders who have adopted Tether's newest stablecoin into their portfolios.

TRON Foundation Logo (PRNewsfoto/TRON Foundation)

Sun announced a 100-day giveaway beginning April 30, offering to pay out interest rates as high as 20 percent to USDT-TRON holders over that period. Cryptocurrency exchanges Huobi and OKEx recently announced plans to support the giveaway. Based on projected holdings around the world, the total outlay is expected to exceed $20 million.

"USDT-TRON will minimize volatility across the TRON blockchain and boost confidence in the ecosystem," Sun said. "To enable speedy adoption, I'm personally offering this incentive plan to help advance the potential of decentralized finance through USDT-TRON."

TRON in early March announced it will collaborate with Tether, based in the British Virgin Islands, to introduce USDT to the TRON blockchain. The move will help TRON greatly elevate its existing decentralised applications (DApps) ecosystem and improve overall value storage. It also makes the blockchain more accessible to the enterprise-level partners and institutional investors.

USDT-Omni is the USDT issued by Tether, based on the BTC network. The currency address is the BTC address, and the currency is taken to the BTC network. The protocol used by USDT-Omni is the omni layer protocol built on the BTC blockchain network.

Users can swap their existing USDT-Omni for USDT-TRON at supporting exchanges. TRON will also be working with Tether to provide 24/7 professional technical support for exchanges and wallets that wish to support USDT-TRON.

Since its mainnet launch in June 2018, TRON has been working steadily to provide a highly smart and scalable ecosystem for blockchain developers. TRON recently announced a hard fork that will increase performance and account management. It is steadily adding both centralized and decentralized exchanges to make it easy for consumers and businesses to trade digital tokens.

Launched in October 2014, Tether was created in response to a clear market need to allow movements of funds quickly between different exchanges, while benefiting from the stability of the US Dollar. While there have been several alternative stablecoins launched since March 2018, Tether still enjoys market dominance. Several large companies, including Facebook and JPMorgan, recently have discussed using blockchain to speed money transfers and minimize volatility across their networks.

About TRON
TRON is creating a boundary-free decentralized internet that inspires innovation across industries. Founded in September 2017 by Justin Sun, TRON is the world's largest decentralized network and BTT connect BitTorrent to the world of Blockchain, enabling faster downloads and torrent lifetimes, creating a tokenized content ecosystem that benefits 100M+ existing users. TRON is connecting thousands of developers across the world through its consumer-focused ecosystem based on Blockchain, cryptocurrency, dApps, and leading peer-to-peer file sharing products; respectively TRON, Peiwo, BitTorrent & µTorrent.

Contact:
press@tron.network

SOURCE TRON


These press releases may also interest you

at 16:20
CynergisTek, Inc. , today announced the appointment of Caleb Barlow to the positions of President and Chief Executive Officer, to succeed retiring founder and current President and CEO Mac McMillan effective August 1, 2019. McMillan will support...

at 16:20
Fibrelite, part of OPW and Dover , is expanding into the growing data center and cloud facility market. Facilities of this nature have highly specialized environments with specific performance requirements and are...

at 16:15
Quotient Technology Inc. today announced it will report its financial results for the second quarter ended June 30, 2019 after the market closes on Tuesday, August 6, 2019. Following the release of financials, management will host a conference call...

at 16:15
Aaron's, Inc. , a leading omnichannel provider of lease-purchase solutions, provided furnishings for a surprise home presentation in St. Louis as part of the company's partnership with the Homes for the Holidays (HFTH) program and retired NFL star...

at 16:15
Drones are unmanned aerial vehicles that are finding application opportunities in various industries and have the potential to transform military as well as consumer applications. Drones essentially combine various sensing and communication...

at 16:15
ENDURANCE, a search first, full-service advertising agency based in Chandler, Arizona, is expanding their service offering as they approach their 2-year anniversary. Since launching in February of 2018, ENDURANCE's high standards for strategy,...



News published on 22 march 2019 at 20:14 and distributed by: