Airdrop 30 Million US Dollars for USDT-TRON holders — Crypto News

On July 9, TRON Foundation’s China partner, Raybo Technology, announced a new 30 million US dollars incentive plan to reward holders of Tether’s TRC20 based USDT. This is a 10 million US dollars increase from the initial $20 million incentive plan.

To recap, the original USDT is based on Bitcoin’s Omni network, the partnership between Tether and TRON Foundation made it possible for USDT to run on TRON blockchain, which resulted in faster transaction and lower cost.

The 31-day giveaway will begin from July 15, where the bonus will be airdropped to whoever holding TRC20 based USDT. The holders will receive airdrop bonus on a daily basis, with a 100% annualized percentage rate (APR) on the first day.

In order to be eligible, you may keep your TRC20 USDT in your wallet or transfer them to cryptocurrency exchanges like Kucoin, Huobi, OKEx, Poloniex, etc that support the airdrop. Here’s a list of exchanges and platforms which have announced for USDT-TRON support before, you may double check your preferred exchange to see it they support the USDT-TRON incentive bonus.

For those who are not familiar with APR, it is an annualized representation of the interest rate. So, the 100% APR on July 15 means that you will get an extra 100% return on your investment if it lasted for a year. However, since the 100% APR only lasted for a day, you will have to divide it by 365 days to get the actual daily periodic rate. For example, $1000 USDT-TRON will yield $1000/365 = $2.74 after the first day.

For those who are interested to join the airdrop, make sure to get ready before July 15, 9:00am PDT to maximize your rewards!

Originally published at https://cryptonomad.info on July 16, 2019.