The TRON token migration is set to launch on June 21st, 2018. The majority of exchanges that trade TRX are prepared for the technical components of the ERC20 TRX to TRX migration.
TRON’s Website reads:
“TRON main net will officially become independent on June 25, 2018, Singapore time. In light of main net updates and TRX migration, ERC20 services for TRON Official Website will be discontinued… ERC20 withdrawal services for TRON Official Website will end on June 22, 2018, 12:00 Singapore time.”
All ERC20 TRX tokens need to be moved to an exchange by June 21st in order to be exchanged for the new TRX token, but as most of the cryptocurrency exchanges operate in Asia, so moving them beforehand might make sense.
However, if you miss the deadline there is still an option to contact TRON via email [email protected] with your token balance to assist you with the migration.
The exchange handling the TRX token swap include:
TRON, currently ranked #10 by market cap, is up 8.52% over the past 24 hours. TRX has a market cap of $3.23B with a 24 hour volume of $360.98M.
Chart by CryptoCompare
TRX has been on a steady decline since the TRON mainnet launch on May 31st.
However, as its mainnet launch was the biggest achievement of the TRON Foundation to date, analysts predicted TRX’s price to do the opposite. In turn, investors held back, likely to see how its mainnet would function in use before investing more into TRX.
Cover Photo by Simon Matzinger on Unsplash