sludgefeed.com
Binance, the world’s largest crypto exchange and recent addition to the TRON Super Representative list, has made two major announcements in support of TRON (TRX) to start the week.
In the first announcement, Binance revealed that it will be adding TRON staking with “3x” rewards starting on October 1. To be eligible, investors need to hold 5 TRX on the exchange, and rewards will be distributed before the 10th of each month.
#Binance Will Support @Tronfoundation (TRX) Stakinghttps://t.co/8PGaJ0IcVG pic.twitter.com/xiFZZtGCB9
— Binance (@binance) September 30, 2019
According to the TRON staking page, the estimated yield is between 1-3%, and users will receive WINk (WIN) and BitTorrent (BTT) as well as TRX rewards.
In addition to TRON staking, Binance is now offering 16% APR on TRC20-USDT deposits from today until October 21. Binance and TRON have also teamed up to give away $160,000 in TRC20-USDT to 20 different investors based on net deposits (deposits minus withdrawals).
While not included in the announcements, Binance also recently became a TRON Super Representative with 12,064,003,777 votes (59.5% of the total). According to a recent report by The Block, 99.6% of the votes came from one cold wallet address, which Binance owns.