TRON announces $20M incentive scheme for USDT-TRON hodlers

22 Mar, 2019 | Updated: 22 Mar, 2019
by Fifi Arisandi
News
TRON announces $20M incentive scheme for USDT-TRON hodlers

An update coming from TRON’s CEO, Justin Sun on his newly-launched USDT-TRON stablecoin project.

After several good news from major exchanges, like Huobi and OKEx on their support of the USDT-TRON on their platforms, Sun announced a new campaign for all the stablecoin hodlers.

Read more: OKEx now supports USDT-Tron stablecoin

Titled “USDT-TRON $20M Incentive Plan”, the campaign offers a reward for all USDT-TRON hodlers. The reward scheme seems to be quite generous with an initial APR (Annual Percentage Rate) of 20% for hodling period of 5 days (April 30th – May 4th).

During the 100 days campaign, the APR will change according to the hodling period. For example for a 5-days hodling on May 5th – May 9th, hodlers will get 12% APR, while for a 14-days hodling from June 1st to 14th, they will get 3% APR.

The lowest APR will be given for the longest hodling period from June 15th to August 7th, which is 1% for 54 days of hodling.

TRON sets a budget of $20 million for the campaign, at the same time, mentions that there’s no hard cap to it.

It seems like TRON is eyeing the USDT-OMNI hodlers as the announcement clearly states “Swap USDT-OMNI to USDT-TRON now!”

How will the USDT-TRON progress moving forward? Stick with Chepicap to find out.

In the meantime, check out which 3 coins that are being undervalued in 2019.

WATCH: 3 Undervalued ALTCOINS in 2019! ūü§©

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