USDT-TRON now supported by Binance exchange
On September 31, 2019, Binance has announced that the exchange will support USDT-TRON officially. USDT-TRON (also known as TRC20-USDT) is the USDT stablecoin that is powered by the TRON network, it has many advantages like fast transaction speed and lower cost when compared to the traditional USDT stablecoin.
To celebrate the introduction of USDT-TRON on Binance.com, Binance and the TRON team have committed to providing a 16% annual percentage rate (APR) on TRC20-USDT deposits for users, as well as a 160,000 TRC20-USDT prize pool for a net deposits ranking competition.
The event starts from 2019/10/01 0:00 AM and will end on 2019/10/21 0:00 AM (UTC).
Event 1: Deposit TRC20-USDT and Earn 16% APR
All users with net deposits (deposits minus withdrawals) of at least 100 TRC20-USDT on Binance.com during the event period will automatically earn 16% APR on their net deposit amount over this period.
Event 2: Net Deposits Competition, 160,000 TRC20-USDT to Win!
All users will be ranked in terms of total TRC20-USDT net deposits on their Binance account (deposits minus withdrawals) during the promotion period and will split 160,000 TRC20-USDT according to the rewards structure below:
1st Place will receive 50,000 TRC20-USDT
2nd Place will receive 30,000 TRC20-USDT
3rd Place will receive 20,000 TRC20-USDT
4th-20th: equally split a pool of 50,000 TRC20-USDT (which is ~2971.17 TRC20-USDT)
Terms and Notes：
- You will be able to see your net deposits, cumulative rewards and rank after October 9th, 2019.
- Calculation formula: Daily interest received = Net TRC20-USDT deposits X Daily holding time ÷ 24hours X 16% APR ÷ 365 days
- Each full-day refers to 0:00 AM to 0:00 AM (UTC) of the next day, a full 24 hours.
- Net TRC20-USDT deposits = TRC20-USDT deposits minus withdrawals. Withdrawals include TRC20-USDT, OMNI-USDT and ERC20-USDT. Users may trade the TRC20-USDT that is deposited.
- Sub-accounts and master accounts will be treated as one account when participating in this activity.
- Participants are eligible to win prizes across both promotions above.
- Rewards will be distributed within 2 weeks after the competition ends. You will be able to login and see your rewards via Distribution History > Account Center.
- Binance reserves the right to cancel or amend the competition or competition rules at our sole discretion.