This article was first published on Stories by TRON Foundation on Medium
We have completed the very first day of the TRC20-based USDT 30million incentive plan to early TRC20-based USDT users. Please check your account for the rewards accordingly. All addresses in the TRON MainNet with TRC20-based USDT are eligible to receive proportional reward, no additional procedures needed.
According to the plan, the first snapshot took place on 9:00am of July 15th, 2019(PDT), and rewarded the users with (Amount of tokens held by users * 100% annualized rate). The block height marked 11001169 with a timestamp of 1563206955000.
At the time of the snapshot, the total amount of TRC20-based USDT was 87435546.859779. The total amount of TRC20-based USDT rewarded was 195253.187456 and a total of 1537 accounts received the reward. According to the USDT price on Bitfinex on July 15(PDT), the total value of the reward was equivalent to $197205.719.
The next snapshot for the APR of 50% reward will take place on 16th of July at 9:00am(PDT) and it will be sent within the next 24 hours. The following incentive plan is as follows:
This TRC20-based USDT reward campaign features:
Longer duration: the entire incentive plan will last for 31 days;
Higher reward: APR 100% as maximum reward;
Free of charge: zero cost for users to receive rewards;
Larger Reward Pool: calculating based on the current circulation of TRC20-based USDT, the overall reward spending could be as high as 200 million RMB, without hardcap.
We will decide if there will be an extension of the plan or a new plan instead based on community feedback.
NOTE: The actual incentive plan strategy and time may be different depending on the situation.
Announcement on 100% APR on the 1st Day for USDT Incentive Plan (2019.07.16 PDT) was originally published in TRON on Medium, where people are continuing the conversation by highlighting and responding ...
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Stories by TRON Foundation on Medium