With the joint efforts of the TRON community, The NO.61 voting request (#13 Proposal) of Tron Network was officially approved at 14:00 10th May. 2021(SGT). The main content of voting request No.61 is to increase the maximum execution time of smart contract transactions to 80ms.
With the proposal coming into effect, TVM will be greatly improved; the Tron Network will support smarter contracts with higher complexity to meet more application scenarios, which will further strengthen the TRON ecosystem.
Justin Sun spoke about Pancake Swap Farms. He pointed to how the total staking of “Liquidity Pool Staking” of TRX, BNB, BTT, and WIN in Pancake Swap Farms has exceeded USD 84M.
He recommended that users should stake TRX, BNB, BTT, and WIN to earn CAKE rewards on Pancake Farms.
Meanwhile, Binance has announced a TRX trading competition of 83,000 EUR in TRX for Binancians.
For clarity: “To celebrate the listing of TRX fiat trading pairs, Binance and Tron have collaborated to launch a trading competition. Users will have a chance to enter into a TRX trading pair competition for a limited time to win a share of an 800,000 TRX prize pool (worth ~83,000 EUR)!
Competition period: 2021-05-10 09:00 AM (UTC) to 2021-05-16 11:59 PM (UTC)”
The terms and conditions read as follows on the Binance website:
“The Promotion only applies to users from Europe, excluding users from the UK, France, and Italy. Local currencies that are eligible for this Promotion are EUR, TRY, AUD.
Eligible TRX spot trading pairs: TRX/TRY, TRX/EUR, TRX/AUD.
Binance will use the local currency to EUR foreign exchange rate at 2021-05-16 11:59 PM (UTC) to calculate the 100 EUR, 200 EUR, and 500 EUR volume requirements.
Total rewards across Promotions A and B are 800,000 TRX tokens for the entire campaign.
The top 10 traders are ranked by trading volume (Buy and Sell) in TRX amount during the competition period, and the trading volume only applies to TRX spot trades in eligible TRX trading pairs.
Binance will exclude any wash trades for TRX trading pairs during the competition period.
The sub-account trading volume will be combined with the master account’s standard trading volume in the final calculation. Each sub-account will not be viewed as an independent account when participating in this activity.
Each day runs from 0:00 (UTC) to 11:59 PM (UTC). The first day runs from 09:00 AM (UTC) to 11:59 PM (UTC).
Each Binance account will be eligible for receiving one reward.
The rewards will be allocated in TRX to winners’ Binance Wallets within two weeks after the competition ends. Users can see their rewards by selecting the Account Center > Wallet > Distribution History.
Winners from Promotion B will not be eligible for winning rewards from Promotion A.
Binance reserves the right to disqualify any participants showing signs of fraudulent behavior immediately.
Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating, or suspending this Promotion, the eligibility terms and criteria, the selection and number of winners, and the timing of any action to be done, and these amendments shall bind all Participants.”