USDT-TRON $20 Million incentive campaign postponed

Following the uncertainties on the Bitfinex and Tether’s case, Justin Sun had announced on April 30 that TRON will postpone its $20 Million USDT-TRON airdrop campaign until further notice.

The New York Attorney General’s office has alleged Bitfinex crypto exchange lost $850 million and subsequently used funds from Tether’s reserves to secretly cover the lost. For more insight regarding Tether’s case, check the following link for Tether’s official response to New York Attorney General’s Actions.

Below is the official announcement from Justin Sun.

Given the recent news about both Bitfinex and Tether, I will be postponing our planned USDT rewards program until more information becomes available.

This was by no means an easy decision. My team and I have been focused for months on bringing stability and liquidity to the TRON community. We are still committed to doing what’s best for the network and will examine our options after hearing how events unfold with Bitfinex and Tether.

TRON’s focus has always been to provide the best open protocol, infrastructure, and community so that all use cases including stable coins can build on top of TRON.

TRON’s technical support for USDT will continue, along with swaps from Omni-based USDT to TRON-based USDT. I’d like to finish by thanking the TRON community for their enthusiasm, and our partners for their loyal support. The TRON team will continue working hard to bring lasting value to the network.

If you have any questions feel free to reach out to us at [email protected]

April 30

Justin Sun

Source: https://medium.com/tron-foundation/trc20-based-usdt-rewards-postponement-e76ac2fb3ab4