With the TRON mainnet swap underway, the Tron Foundation started the process of destroying, also known as “burning,” its old ERC20 tokens.
On June 25, Tron began migrating its tokens from the Ethereum network to its native blockchain. The transition left two versions of Tron tokens, including billions of old testnet Tron ERC20 tokens under the Tron Foundation control. These tokens will soon be worthless as the new chain stabilizes.
The Tron Foundation posted a screenshot of Etherscan, showing 49,491,130,776.584279 TRX being sent to the Ethereum address 0x0000000000000000000000000000000000000000.
Right on Time
The Tron roadmap has been precisely accurate so far, with the past several events all occurring on the planned date.
Austin is an avid cryptocurrency investor studying computer science and software engineering at Towson University. His hobbies include researching cryptocurrencies, travel, and rock climbing. His goal is to help the average person understand and get into into cryptocurrency.
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