VenaPi, one of the leading cryptocurrency wallets in the space, announced today on its official Twitter account that they are going to support the Tether swap from USDT-OMNI to USDT-TRON. The tweet reads:
VenaPi wallet will support USDT-TRON（TRC20）swap and support the future airdrop of USDT-TRON. Holders of USDT-TRON will gain airdrop with an APR of up to 20%. Please stay tuned and get latest information in in https://t.co/2fcV1HsimJ pic.twitter.com/lYBkA8QSLY
— Vena Network (@VenaProtocol) April 4, 2019
As mentioned in the announcement, the crypto wallet is also going to support the future airdrops of the resultant transformation stating that the holders of USDT-TRON are guaranteed to receive 20% of the reward that is going to take place in the month of April.
VenaPi crypto wallet supported on the Vena’s Network, which partnered with the Tron Foundation at the end of last year, has become one of the strongest entrance to Tron eco-system because of its decentralization features and DApp browser. Being the valuable token of TRON ecology, Vena Token can be used in mining in TRON’s leading DApp “Hashdice”. It is important to note that the said decentralized application Hashdice has reached 30 million Trx within half a month.
Vena is an open-source protocol network which allows assisting in tokenized asset financing and crypto exchanges.
In the article, the team discussed their plan and vision behind spending the $20M on the USDT-OMNI holders as a celebration of the partnership between Tron and Tether along with encouraging the community to move into USDT-TRON so that they can enjoy a more swift, economical and concrete payment experience.
“Since June 25, 2018 when TRON launched its MainNet, it has been running smoothly and stably for over 260 days by 27 community members; TRON’s ecosystem is constantly expanding, with hundreds of DAPPs on the TRON network; TRON has become one of the largest decentralized networks in the world. In order to give back to the community members, and celebrate the cooperation between Tether and TRON, on March 21, Singapore time, TRON announced a total of $20 million incentive plan, to encourage users to convert their USDT holdings into USDT-TRON, so that they can enjoy a faster, more economic and more concrete payment experience.”
The team also mentioned the benefits this new partnership is going to bring into the community stating that,
“it will further encourage the developers to develop more DApps on the Tron ecosystem as the stablecoin will facilitate users to access the DApp ecosystem with a more familiar USD concept, and therefore mitigates the effect of price fluctuation, providing a better cash-in/cash-out and risk-avoiding method for DAPPs and enabling scalable application of DAPPs”
In the article published on medium, the Foundation team declared the four distinctive features this program is going to possess for the upcoming 100 days long airdrops of USDT-TRON as follows:
- Long duration: the whole incentive program lasts for a duration of 100 days;
- Attractive reward: the annualized interest rate reaches as high as 20%
- Free of charge: users are expected to pay nothing to get the reward
- Gigantic prize pool: based on the current total amount of USDT, the total giveaway will be $20 million and there is no cap if there are special circumstances.
Image courtesy of Pixabay.
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