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.
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
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SOURCE TRON