Tron and Huobi work together on ‘bonanza’ to elevate TRC20-USDT

Tron has always kept a keen eye on the stablecoin market with Chief Executive Officer [CEO] and founder Justin Sun always claiming that 2019 would be the year of the stablecoin. This belief eventually led to Tether being traded on the Tron blockchain, a move that has increased in momentum from day one.

Recently, Justin Sun had another positive news to convey when he tweeted:

“According to @HuobiGlobal Official data, at the 9th day of the promotion, total deposits of this day reached 388,491,378.68 #TRC20-#USDT, the total rewards of the day reached 177,420.26 #USDT, and 64,036 accounts have received rewards.”

Many members of the community were excited by this news as Huobi’s involvement is seen as an added boost to the already growing market. The Tron-Huobi promotion will be conducted in two phases, one that allows a 30 percent APR reward and another where users share 320,000 TRC20-USDT. Tron’s official blog stated:

“According to @HuobiGlobal Official data, at the 9th day of the promotion, total deposits of this day reached 388,491,378.68 #TRC20-#USDT, the total rewards of the day reached 177,420.26 #USDT, and 64,036 accounts have received rewards.”

The next step of prizes will be based on the rankings of users with a minimum of 100 TRC20-USDT token deposits. On the rank list, the first place will go the user with 100,000 TRC20-USDT, the second place will go to 60,000 TRC20-USDT, and the user holding 40,000 TRC20-USDT will fill the last position on the podium.

At press time, the Tron and Huobi global partnership had gone through 9 rounds of rewards. The total amount of USDT awarded until that point was a whopping 1.361 million USDT. Tron’s partnership roster has been ever-growing, and the Huobi tie-up comes in the wake of Tron’s partnership with South Korean tech giant Samsung. Samsung has added a new SDK to its smartphone network that will allow users to build Tron dApps on their personal Samsung devices. Sun had then said:

“This is a remarkable milestone for TRON, and I’m thrilled to have this opportunity to work with Samsung. We are totally in line with and will support Samsung’s vision and strategy on blockchain technology exploration.”

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