Their announcement reads “Poloniex will support deposits and withdrawals of USDT on the Tron network and credit the airdrop to eligible customers holding Tether. There is no action Poloniex users need to take at this time.”
Users can withdraw USDT on either Omni or Tron, without affecting the Poloniex markets
Poloniex has stated that they will support USDT on both the Omni protocol, and the Tron blockchain, meaning customers will be able to withdraw their funds to either network without affecting the main Poloniex markets.
In order to support both of these networks, the post states that Poloniex will be converting “a percentage” of their USDT that is currently residing on the Omni network to USDT on the Tron network.
Once this airdrop of USDT starts, Poloniex users will be credited based on the amount of USDT they currently hold on the the exchange.
The airdrop is scheduled to start on April 30th, and the exchange says that they will provide more information next week.
Since Poloniex was acquired by Circle, the improvements just keep coming
This is the latest development in the Poloniex exchange’s advancements since having been acquired by Circle back in February for $400 million USD. While around for years, the exchange was struggling to keep pace with competitors, and so this development meant that Poloniex could keep a level footing with its peers.
Since then, the exchange has delivered positive results on a number of projects geared towards advancing the exchange’s services and profile,and has been actively seeking ways to be more compliant with regulations, for example by taking away lending and margin services.
This is one more successful advancement to add to their list.