Tron (TRX) Token Migration To Be Automatic In Exchanges
On April 14th, 2018, the development team at Tron (TRX) announced that they had scheduled for the migration of the original TRX based in the Ethereum platform, to the Mainnet of Tron. This event has been slated to take place starting June 21st. This is welcome news for all Tron fans as they all believe MainNet will revolutionize the internet and send the new coin To The Moon after migration.
Quoting the notice on their website and medium page, the development team says:
“For the reason that Tron’s public blockchain main net will be launched shortly, the migration from ERC20 tokens to TRX, the cryptocurrency on Tron’s public blockchain, will begin on 2018, June 21, GMT. We highly recommend exchange that all transactions be frozen from June 22 to June 23. After June 24, ERC20 will no longer be valid for transactions, for we will only support transactions with TRX on the public blockchain.
For token holders, with your ERC20 tokens saved to cryptocurrency exchanges (the only required operation on your part), further operations for token migration will be automatically completed for you in due time.”
It is with the last paragraph above that it is safe to conclude that the migration of all TRX tokens held in exchanges will be automatic. The development team further advises the crypto exchanges on how to implement the migration.
“For exchanges, it is kindly requested that you post your notice of TRX migration as soon as possible, with the format of the technical transition file for TRX migration being git. Please check the link: https://github.com/tronprotocol/Documentation/tree/master/TRX”
Any questions about the migration can be emailed directly to the team via the email: [email protected].
In the markets, TRX is currently trading at $0.0439 at the moment of writing this and up 4.85% in a period of 24 hours. If the tide continues to be on the side of TRON, this project will wow and shock the non-believers of Justin Sun and his vision for the project.