Tuesday, March 2, 2021

Justin Sun Hints Fee Discounts for Customers Holding TRX on Poloniex Exchange

The founder and CEO of Tron (TRX), Justin Sun has recently hinted that Poloniex has introduced platform fee discounts for customers holding or using the digital token TRX on the exchange.

This update was first shared by Poloniex exchange via its official Twitter on 29th December 2019, which was later corroborated by Justin Sun some hours later.

“Poloniex introduces platform fee discounts for customers who hold or use TRX. Customers who hold TRX or use TRX to pay trading fees will receive a maximum discount of 30%. TRX holders will be eligible for incentives, such as airdrops, listings, and competitions,” Justin Sun Shared

Details about the Discounts for Customers Holding Tron (TRX)

According to Poloniex in a release made available on its Medium page, the customers holding or using the digital currency TRX are now opened to tangible discounts on the cryptocurrency exchange.

Poloniex Exchange shared thus, “Once we roll this out, customers who hold TRX in their Poloniex account or use TRX to pay their trading fees will receive a maximum discount of 30% on their maker and taker fees.”

In addition to the underway roll out of trading fee discounts, TRX holders and traders will also be qualified for incentives like listings, airdrops, and competitions.

Poloniex Introduces Zero Fee Trading

According to the report, It was decided by the exchange to extend the zero-fee spot trading by 1 week, due to the forthcoming year. This was preplanned to give the customers of the exchange room enjoy free trading into 2020.

The report stated that users can continue trading without charges until 7th January 2020 at 23:59 UTC. Poloniex acknowledges the benefit of low fees for customers while trading, so, it has decided to release a new fee schedule expected to give users the lowest fees in the market for the year 2020.

The exchange shared that there will be an update to spot and margin trading fees starting from 8th January 2020.

Aside from the aforementioned lower fee trading coming to play on Poloniex, the exchange also reported that it’s adding ways for customers to enjoy fees discount further. Two of Such ways would be the recently announced programs Poloniex Market Maker and Poloniex Plus.

Solomon Odunayo
Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.

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