DLive BTT Staking Now Available: TRON CEO Announcement

DLive BTT staking is now available and users can earn up to 25% daily revenue according to the Tron CEO announcement. Let’s see what the feature will bring to the users in the following Tron news.

The feature will reward the users who stake their BTT tokens with about 25% of the donations made on the DLive platform. Justin Sun, who is the CEO of TRON announced on his Twitter profile that the DLive BTT staking is now open for use. The announcement is a part of the initiative that aims to reward and to further encourage the users of the platform. According to TRON, the users of the feature will receive 25% of the earnings on the platform.

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

DLive is a streaming platform that was built on the Lino blockchain and as of 2019, the platform became a part of the BitTorrent and TRON ecosystem. DLive was originally created to directly reward the content creators thanks to the reward system. As a part of the BitTorrent partnership, Dlive started using the BitTorrent File Sharing system. According to the latest announcement by Justin Sun, the staking function on DLive is quite unique to the platform. The BTT token holders who will use this feature will receive more rewards right after the day of the staking.

The rewards will be calculated with the help of the Platform and will be based on the average price of the last day of the BTT token. The users have to use the TronLINK browser extension installed. The platform used the following example in order to simply present the distribution of rewards:

‘’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.’’

Justin Sun said that already there are a billion BTTs that were staked and compared the return of the staking with the US treasury bonds:

‘’$BTT 14 days annual staking APR return on @OfficialDLive is 3655.32%. YES! It is not a mistake. 3655.32%! US treasury bonds 3 months return is 0.01%. The difference is 365532 times.’’

As per the reports in our recent, Tron news, by the end of 2019, the crypto community was swamped with censorships made by YouTube to hundreds of crypto-based channels. Although YouTube eventually restored the channels, the co-founder of Ethereum Vitalik Buterin and many other proponents in the crypto industry, demanded a change. DLive was one of the platforms that were supposed to replace YouTube. However, YouTube still blocks channels on crypto and the issue affects thousands of creators of related content.