Poloniex and KuCoin Extend Support to the Upcoming USDT-TRON Airdrop

As per the latest reports, two of the world’s most renowned and widely used digital currency exchanges namely Poloniex Digital Asset Exchange and KuCoin have announced their support to the upcoming USDT incentive plan based on TRC20. That means users of both Poloniex and KuCoin exchange can take advantage of the much-awaited USDT-TRON airdrop that is slated to begin from Monday, 15th July 2019. The official announcement was done by both the crypto exchanges through their respective blogs.

The crypto community already knows that the giveaway which is planned by TRON’s China partner Raybo Technology is going to run for 30 days, marking an end on 15th August. The 30 million dollars incentive plan has been planned to reward all those who hold Tether’s TRC20 based USDT tokens.

As per Poloniex exchange’s blog, Poloniex is all set to convert a certain percent of Tether that’s on the network of Omni to Tether on TRON network. The number of converted USDT will decide the amount receivable from the airdrop. When the airdrop commences, consumers of Poloniex exchange will be receiving their airdrop bonus based on their Tether holdings on Poloniex. Know more about the crypto exchange in USA here.

What’s interesting is that Poloniex will be supporting three networks – Tron, Omni, and Eth, for Tether to offer added flexibility to their global customer base.

KuCoin, on the other hand, will also let users convert their holdings of USDT to TRC20 based USDT tokens in order to be eligible to receive the TRON airdrop rewards. KuCoin also urged its users to apply for the conversion as soon as they can because of the limited USDT tokens based on TRC20 in circulation on its platform and the market so the early birds will get to enjoy the benefits.

KuCoin will be offering four options to users for lock-ins, details of which are listed in their official blog post. Users can carry out USDT transfers to designated lock address via the exchange’s withdraw interface. However, you can also know more about this exchange on our detailed Kucoin exchange review.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

Related Articles

Back to top button