The video streaming platform announced the new development via its official website and shared it on its Twitter handle some hours ago.
According to the announcement, the BitTorrent (BTT) staking feature is meant to reward those who stake their digital token BTT to support DLive.
The BTT staking rewards come from 25% of everyday donations and subscriptions on the video streaming platform, DLive.
Going by the report, BitTorrent (BTT) staking is the only feature designed to give back to the community through incentives, as a result of users’ participation in the overall growth of the video streaming platform.
As per the example cited by DLive, “if there is $10,000 worth of LEMON donated on DLive in one day, $2,500 worth of BTT token will be distributed to BTT Stakeholders in the next day.”
DLive shared this, “We are proud to launch the new DLive BTT Staking feature! This is a unique DLive-only feature designed to give back to the community by offering incentives for participating in the overall growth of the platform!”
Justin Sun Corroborates the New Development
The CEO and founder of Tron (TRX), Justin Sun corroborated the new development via his response to the report shared by DLive on Twitter.
He wrote:
“Now you can receive 25% of everyday Dlive’s revenue by staking BTT! Please try it! One billion BTT have been staking!”
Now you can receive 25% of everyday Dlive's revenue by staking $BTT! Please try it! One billion #BTT have been staking! 🚀😍💕 #BitTorrent https://t.co/4jPo6LX70B
— Justin Sun (@justinsuntron) April 24, 2020
Justin Sun Hints At the Upcoming Projects with Poloniex Exchange
In another development, Justin Sun hinted at new upcoming projects meant to benefit the Tron ecosystem. In the tweet, Sun listed the three projects and said he has been working with Poloniex exchange to make the projects a reality.
Justin Shared this, “Been working w/ Poloniex team on 3 projects: 1) TRX as a discount token for trading fees, 2) TRX staking receives rewards from trading competition/activities & 3) TRX as a bonus on the referral incentive program. We’re very excited to present these to our community soon!”
Been working w/ @Poloniex team on 3 projects: 1) $TRX as a discount token for trading fees, 2) $TRX staking receives rewards from trading competition/activities & 3) $TRX as a bonus on the referral incentive program. We're very excited to present these to our community soon!
— Justin Sun (@justinsuntron) April 24, 2020
