Tron (TRX) Community Picks a 6th Super Representative as More Exchanges Complete Token Migration
The Tron Super Representative Elections seem to have recieved a boost from the numerous crypto exchanges that have completed the Tron (TRX) migration that began on the 21st of June. Ethereum World News had highlighted the plight of TRX holders who had their tokens frozen on Binance up until the 10th of June. This was when Binance announced that it had completed the process of the TRX token migration as well as that of ICON (ICX) tokens.
With exchanges resuming TRX withdrawals and deposits, the Tron community can transfer their digital assets to the Tron explorer where they can vote for their Super Representative of their choice. The process has so far provided 6 Super Representatives as follows:
The progress of the S.R elections can be tracked in real time on the Tronscan website. The Tron Foundation aims at fostering decentralization on its network by allowing the Tron Community to vote for 27 Super Representative. This process will lay the foundation of a self governing Tron community for a healthy decentralized ecosystem. Super Representatives will also have an impact on the growth of the platform as well as the DApps that will be built on it.
The Tron Foundation has also provided a list of the current cryptocurrency exchanges that have successfully completed the TRX token migration. The exchanges include:
The list of exchanges will be updated with time as each exchange finalizes the process of token migration. In the meantime, TRX holders are requested to continue voting until all the 27 Super Representatives are elected.
With respect to the value of TRX, the current bear market has seen the digital asset continually depreciate to the current levels of $0.032. However, with a flawlessly working Mainnet platform, it is only a matter of time before this trend is reversed.
Disclaimer: This article is not meant to give financial advice. It is an opinion piece. The opinion herein should be taken as is. Please carry out your own research before investing in any of the numerous cryptocurrencies available.