Oluwapelumi Adejumo · 2 hours ago · 2 min read
Tron › Altcoins
TRON [TRX] ERC20 Token Swap – More Exchanges Join In
The TRON mainnet launch is set to take place between June 21 and June 25.
The TRON mainnet launch is set to take place between June 21 and June 25. The TRON Foundation has steadily recruited exchanges to support its token migration. Presently, TRX tokens are held on the Ethereum ecosystem, as ERC20 tokens, but upon TRON’s mainnet stability, the tokens will be moved to their own blockchain.
TRON’s website reads:
“Dear investors, TRON Mainnet is launching soon. Token migration from ERC20 TRX to Mainnet TRX will occur between June 21st – June 25th (GMT+8). If your TRX is held on an exchange, no action is required. If your TRX is held in a wallet, you must deposit your TRX to an exchange before June 24, 2018, to avoid any losses. From June 21st– 25th, TRX withdrawals on exchanges will be suspended. On June 25th, both TRX deposits and withdraws on exchanges will be suspended. Deposits and withdraws will resume on June 26th. During this period, TRX trading will not be affected. If your TRX is held in a wallet and you were not aware of the migration notice, or saw the migration notice after June 25th, please visit our permanent token-exchange counter to exchange your tokens for Mainnet TRX.”
The TRON team is ensuring the token migration is as smooth and effortless for its investors by working with the exchanges currently holding TRX. If you are a holder of TRX on one of its major exchanges, no further action needs to be taken. However, if you hold your TRX in a wallet, you will need to transfer your funds to an exchange before June 21.
Not all exchanges have agreed to physically handle the token migration, but most of the major ones are participating.
On May 23, Tron’s founder, Justin Sun, tweeted about the latest exchange to support the token migration.
— Justin Sun (@justinsuntron) May 23, 2018
The exchanges currently supporting the TRX token swap include:
Many TRX holders are waiting for OKEx, Koinex, Bit-Z, and Huobi to partake in the migration.
Still, if the exchange that you use does not reach an agreement by next month, there is still the option to trade your tokens on TRON’s token exchange counter.
TRX Price Update
At press time, TRX is currently trading at $0.07151 per coin, down -1.51 percent, in 24 hours.
For more information about TRON, including price, technical information and team members, see our TRON coin profile.
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