There is a new countdown with respect to the Tron (TRX) project. This new countdown leads to the highly anticipated Tron Independence Day that will be the final step in the process of the project leaving the original Ethereum platform it was founded on, and total migration onto the MainNet. The current countdown on the Tron website reads 15 Days, 10 Hours and 35 Minutes. This countdown is synchronized with the scheduled time of the release of the Genesis Block on the Tron MainNet blockchain on the 25th of June.
However, before the event, the project will carry out what is known in popular Crypto circles as a Token swap or migration. This will involve the exchange of the ERC20 based TRX for the new TRX coin on the Tron MainNet Blockchain. The activity will be carried out from the 21st to the 25th of June with users being asked to deposit their tokens in the numerous exchanges that will be supporting the migration. For the user, the migration will be automatic in the following exchanges and wallets that have announced their support for the activity thus far:
- WazirX Exchange
Justin Sun had this to say about the aforementioned list via twitter:
#TRON $TRX #TRX migration will occur from Jun 21 to Jun 25 11:59PM Singarpore time. If your ERC20 TRX are held in a wallet, you must deposit your TRX to an exchange supporting the migration before Jun 24th 11:59PM Singapore time.
This means that HODLers of TRX have little less than two weeks – at the moment of writing this – to move their digital assets to the above exchanges. Ethereum World News will continually update on any new exchanges that will be supporting the token migration.
Current market analysis indicate that TRX has been showing some sideways movement for past one week. The token has been oscillating between the values of $0.056 and $0.06. TRX is currently valued at $0.0579 and up 1.43% in the last 24 hours.