Justin Sun, Founder of the famous cryptocurrency Tron, has tweeted the mainnet asset swap for TRX holders on Gate.io; at a 1:1 ratio. Gate.io has re-opened the deposit and withdrawal functionality.
Sun, in his tweet, wrote:
“Gate.io has swapped the #TRX mainnet asset at a 1:1 ratio for TRX holders and provides the long-term conversion services of ERC20 to mainnet asset. @gate_io has now re-opened the function of deposit and withdrawal.”
Gate.io is a China-based cryptocurrency exchange that came into being in 2017. It was started for a hassle-free trading experience in big and small coins, including those that are hard to find. Gate.io offers trading pairs of TRX/USDT and TRX/ETH at the moment.
Recently, TRX token migration gathered a lot of big exchanges supporting the event. They include LoMoStar, Bihuex, CEO.bi, Koinex India, Bitbns, Cryptopia, Binance, Huobi.Pro, and other well-renowned platforms.
In the period prior to the mainnet launch of the TRX token, the prices have been in a phase of rapid fluctuation. In the span of one month, TRX has gone up to as high as $0.076 with a market cap of almost $316 million; it has also dropped down to a low of $0.039 with a market cap of over $242 million.
A Twitter user and crypto-trader, Eric commented:
“TRON’s mainnet was launched by TRON Independence Group based on community consensus at 10:00 on June 25, 2018 (Singapore time), and has been running smoothly ever since.”
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