TRON [TRX] & TRON Token Swap – The TRON main net launch is exactly two weeks away and the community surrounding the project is buzzing.
The TRX token is currently an ERC20 token supported by the Ethereum blockchain, but once the main net for TRON is launched, the token will be swapped over to be completely supported on the TRON blockchain. EOS is launching its main net around the same time and is switching its EOS token to its platform as well. The steps to get your ERC20 tokens registered for the swap can be a bit confusing, but the TRON foundation is trying to completely take the task off of the investors hands.
Token Swap Countdown
The Tron Foundation has started negotiating with large cryptocurrency exchanges to get them to support the latest token swap set for June 21st – June 25th. Currently, Bitfinex, Bittrex, Binance, Bibox, Gate.io, Coinrail, Coinnest, and Zebpay have all committed to technically support the token swap. If you hold your TRX on any of these exchanges, you aren’t required to do anything but to have all your TRX on the exchange when the switch occurs.
UpBit, Bithumb, Bit-Z, Huobi, Koinex, and OKEx have yet to confirm their support for the token swap, but there is still time. It remains unclear what will occur if the TRON team doesn’t finalize deals with all the exchanges holding its ERC20 token.
Exodus made an announcement via Twitter that it will not support the token migration.
Hi there! Exodus is not an exchange so we will not be able to support the TRX migration. Please move your TRON from Exodus to an exchange to access your mainnet TRX! ^CG
— Exodus Movement (@exodus_io) May 14, 2018
As much of the community is anxiously awaiting the main net launch, a group of TRX holders are concerned that the exchange they use has yet to get on board and support the token swap.
@justinsuntron what about koinex ?
— Nadim Shaikh (@NADIIMS) May 14, 2018
@Liqui_Exchange is being so shady about all of this. Get on your dragon and fight them, justin! Lol
— Steven Green (@CryptoAwayAccnt) May 12, 2018
What about Huobi?
— Dana Foit (@DanaFoit) May 9, 2018
Many investors remain anxiously awaiting the next exchange to jump on the token migration. Which exchange do you think will be next? Any questions? Leave them below!
TRX Price Update
At press time, TRX is trading at $0.0745 a coin, down –0.45%, in 24 hours. For the week, TRX is down –8.5%, but for the month, the coin is up 88.6%.
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