This article was first published on Stories by TRON Foundation on Medium
A successful completion of the TRC20-based USDT Incentive Plan 2.0-An airdrop with a total value of 779369.47681USD, benefiting 51357 accounts
In early March, TRON announced its partnership with Tether to issue a USD-pegged USDT (USDT:USD=1:1) on TRON. The cooperation between the two enhanced TRON’s ecosystem, bettered the overall value storage, brought more liquidity to the DEX (decentralized exchanges), and provided a more convenient access to blockchain for business partners and institutional investors.
In order to encourage more users to switch from USDT to TRC20-based USDT, TRON launched a 200 million RMB incentive plan 2.0 from July 16 2019 to August 15 2019. Token holders had the opportunity to receive their daily rewards of interest from the airdrop. Annualized rate are up to 100% and varies at different stages of the airdrop.
The incentive plan 2.0 targeted to early USDT users lasted for 31 days and was wildly popular because of its big five characteristics: long duration, high rewards, free of cost, large total volume, and fast delivery. Up to this point, TRON has completed all 31 airdrops for early users , giving out a total of 776931.269590USDT to 51357users. According to Bitfinex’s USDT price, the total value of the airdrop is 779369.47681USD.
The TRC20-based USDT is a USD-pegged stablecoin issued on TRON by Tether. By using smart contract, people can issue, hold, and transfer TRC20-based USDT with complete transparency. There will be no cost; The transfer will be done within seconds, and you can scale the program as you like with the help of smart contract. If you’d like to upgrade to TRC20-based USDT in the future, please refer to the following instructions:
- Exchange or wallet：
1. Contact the official service email of USDT (firstname.lastname@example.org), and you will speak directly with the Tether team to let ...
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Stories by TRON Foundation on Medium