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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!”
#Hodl USDT-TRON to earn initial 20% APR in USDT-TRON. 100 day campaign. $20M initial budget no hard cap. Just sayin'. 😎 $TRX $BTT pic.twitter.com/jyo7QcrtbE
— Justin Sun (@justinsuntron) March 21, 2019
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.