Justin Sun: TRON [TRX] Further Postpones Tether [USDT] Reward Plan To Indefinite Date

Tron recently introduced a Tether based stable coin on its own blockchain and was planning a reward programme so that more people would buy the new Tether on Tron blockchain. But due to the recent Tether fiasco, Tron has postponed the Reward incentivization plan.

Initially, the reward was postponed to May 7th, but due to the escalation of the Tether issue, Tron has decided to further postpone it. No new date has been given. The news was announced by Tron’s founder Justin Sun on Twitter.

The $20 Million Reward

On the mid of April, Tron had announced the new Tether tokens on the Tron blockchain. With the announcement, Tron had also announced a $20 million reward for the early adopters of the new Tron token. The reward process simply required investors to exchange their regular Tether tokens for the TRON-based version.

Only Rewards are Being Affected

Only the reward programme is being affected. Users can still go and convert their Omni layer Tether token to the new Tron based tokens version.

The community suspects a small fowl play from Tron, as many of the early adopters feel cheated by not getting any rewards.

Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity

Did you like the news you just read? Please leave a feedback to help us serve you better

Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.