- New TRON product offers 100,000 USDT reward for its launch.
- Sun.market platform introduces new “staking mining pools”.
The new product JustWrapper has been launched for TRON, according to an announcement from its CEO Justin Sun. JustWrapper is available for the operating system Android and allows its users to make anonymous transactions with the stable currency Tether supported by TRON (TRC20-USDT).
The transactions are “shielded” with zero-knowledge proof. Therefore, JustWrapper’s official website claims that they are impossible to trace. On chain information about the transaction is hidden and protected from any attack, the website claims. In addition, users have access to a “clear at first glance” interface, with all account information on one page. To start using JustWrapper, users must download the TronLink wallet.
TRON’s CEO was one of the first to use JustWrapper. Sun has posted his “shielded address” and asked his followers via Twitter to send him theirs. The TRON Foundation is giving away 100,000 USDT. The reward will be divided into 1 USDT for each user who follows the steps below.
The reward will be given to a user who creates a shielded address with TronLink. Participants must then fill out a Google form to submit their address. Participants must also follow TRON Foundation’s social network account on Twitter and retweet the contest post with the message “My address is XXX”. Once the process is completed the user will receive his 1 USDT reward.
TRON’s CEO has also announced that 3 “lucky participants” will be chosen to win 3 USDT each. The TRON community has welcomed the product launch with enthusiasm and has begun to participate for the 1 USDT reward. However, others have pointed out the irony of launching a privacy product and asking users to reveal their addresses and identity.
SUN’s output reduction
On the other hand, the sun.market platform in TRON’s DeFi will reduce the rewards for SUN by 20%. According to a TRON Foundation post, the reduction will be implemented on September 30, 2020 at 11:10 pm (Hong Kong time). On that date, a new round of “staking mining” for the TRX token and a liquidity mining pool for the SUN/TRX, JST/TRX and USDT/TRX pair will be activated for a duration of two weeks. The TRON Foundation reported:
Users who want to keep on mining do not need to withdraw tokens first. Instead, simply follow the steps on the official website and click “Continue Mining” to enjoy uninterrupted high SUN return. Deposit and withdrawal are allowed anytime.
With a 20% reduction, the daily production of SUN will drop from 129000 tokens per day to 102000. Therefore, the TRON Foundation expects a positive impact on SUN’s price. The Foundation also revealed that the platform sun.market has added support for the following tokens: WBTT, WIN, USDJ for “delegation mining and mining groups. The TRX, JST, and WBTT tokens are also expected to receive a positive boost from increased demand as they have been added to sun.market’s platform.