Tron (TRX) Releases the TRC20-USDT Incentive Plan 2.0 Rewarding Users with 200 Million Yuan
The TRON Development and media team are working their heads off to keep the Tron community, aka Tronics, happy. The weekly releases on the technical development, state of TRX and the future of BitTorrent (BTT) are every projects dream to keep in touch with their users and investors.
Recently, the TRX dev team released the Q2 2019 report highlighting the core statistics of TRX, the technical developments, TRC20-USDT incentive plan, update on the Justin Sun’s lunch with Warren Buffet, developers’ products and TRONSCAN and Tronlink updates.
The TRON-USDT Incentive Plan
The quarterly report confirmed the second TRC20-USDT incentive plan that is expected to run from the 16th of July 2019 to 15th August 2019. The one month program aims to reward the early users of the TRC20-USDT token with over ¥200 million Yuan (~$29.85 million USD) during the month. To participate in the airdrop, users are advised to switch their USDT tokens to TRC20 USDT tokens. The report states,
“We hope to encourage users to exchange the USDT in their balance with TRC20 USDT. The campaign is set to run till mid-August. Holders of TRC20 USDT can get token airdrop as returns on a daily basis, and the annualized return date can be as high as 100%.”
Justin Sun tweeted on the quarterly report confirming the TRC20 USDT incentive will start on Tuesday, July 16th 2019, running for a month. (Source: Twitter/ @justinsuntron)
Tron’s Growth In The dApp Industry
The dApp industry is mainly impacted by three major blockchains – Ethereum (ETH), Eos (EOS) and Tron (TRX) – who control over 80% of the total dApp volume transacted. Earlier in the week, Tron introduced two new gaming dApps to its platform, taking the total number of dApps to 519. This represents a 3.3% week on week growth.
Tron surpassed Ethereum’s block height earlier in the month and currently stands at 10.78 million with 1,065 nodes connected to the network. The growth of users on the decentralized applications also saw a huge improvements as real-time accounts reached 3.282 million while 32,206 new addresses were added this week. Tron also topped the volume transactions completed on the platform in the past week as it dethroned Ethereum with $77.95 million in weekly transaction volume.
Technical Developments On Tron’s Ecosystem
In the technical developments view of the blockchain, Tron announced they have launched a data collection program that allows users collect both static and dynamic data. Furthermore, the development team conducted its MPC first stage walk through this week.
Warren Buffet’s Charity Lunch
The quarterly report further touched on the upcoming luncheon Sun is having with Warren Buffet on July 25th 2019. The report warns the community to beware of scammers who are profiting from the lunch tricking people to pay in order to attend the lunch. Justin has since invited only three of a total of five friends to join him in the lunch with the oracle of Oklahoma – Litecoin, Binance and Huobi.
“Justin Sun will have lunch with Warren Buffet at Quince, a Michelin 3-star rated restaurant in San Francisco. We will brief the TRON community on the lunch the next day.” – the quarterly report from TRON Foundation reads.