Cred crypto lending firm partners TRON



Cred to offer $25,000 return to TRX holders

Respected for introducing new things into its ecosystem, TRON (TRX) has announced a collaboration with Cred, world’s leading cryptocurrency lending firm with around $300 million lending capital. To celebrate the partnership, introducing $25,000 return offer to the TRON ecosystem.

Cred, which offers completely collateralised fund, says it is offering the cryptocurrency-backed loans to support the development and growth of TRON, and will offer $25,000 or “more up to 10% annual return” to TRX holders.

All users, not minding the quantity of their TRX holdings are going to be allowed to participate in the loaning, however, eligible TRX holders have the opportunity to sign up at the Consensus New York conference.

According to Justin Sun, CEO of BitTorrent and founder of TRON, the collaboration will give the holders the opportunity to borrow and earn interest against TRON denominated currencies.

Speaking on the antecedence of Cred, Justin mentioned the platform’s long history of delivering returns, professionalism coupled with their deep knowhow on risk management and regulatory proficiency.

“We share the same vision of making financial services more fair, inclusive and transparent using blockchain technology,” Sun said.

TRON’s readiness to create a borderless internet that will arose innovation in people across different industries is gaining fruition. The blockchain network is becoming the caliphate of Decentralized Applications (DApps).

Today, TRON is leading the DApp era and fortifying its ecosystem with active ideas that better the lives of its users.

Known for engaging in charity, Justin Sun, the founder of TRON today said he’s ready to offer the exact amount lost in the hot Binance Exchange just to support the largest exchange.

Justin said he will personally deposit 7000 BTC worth USDT into Binance, and will use the fund to acquire Binance Coin, Bitcoin, TRON and BitTorrent Token only if the CEO of Binance accepts the offer.