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TRON [TRX] provides migration notice to all the investors

Sthuthie Murthy



TRON [TRX] announces migration notice to all the investors
Source: Flickr

From the previous mentions and the unstoppable celebrations of the test net, enthusiasm is carried forward by Justin Sun, the Founder and his team. They have also successfully involved their active and inactive followers in the much-awaited Main net launch scheduled for next month.

Justin Sun tweeted with a migration notice:

“We will begin from June 21, 2018 (GMT+8). Your TRX Is safe! All ERC20 TRX is safe. 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.”

Justin Sun showed some gratitude, thanking his supporters for the undivided attention and support to Tron while he recommends to the exchanges to halt all transactions from June 22nd to June 23rd. After the 24th of June, ERC20 tokens will no longer be valid to trade, only TRX on the public blockchain will be supported.

Not forgetting the existing token holders with ERC20 tokens saved to cryptocurrency exchanges, migration operations will be automatically completed in due time. He also requested the exchanges to issue notices well in advance or right away to all their clients about the TRX migration in the technical transition file format.

The value of TRON has been dangling in the resistance zone between $0.03 and $0.04 for a very long time. Tron [TRX] is currently trading at the same value of $0.041 with no significant gains or loss in the past 24 hours.

Thomas, a Tron follower tweets:

“Great job Justin Sun, I can see you and your team are working tirelessly to make the TRON dream come true. PREDICTION = .50 by July 2ND and breaking the buck to give us all a very nice Xmas present!!! HODL my friends.”

Ryan Frailey, a Twitterati says:

“So, we don’t need to do anything? Just HODL, and they will exchange automatically from ERC20 tokens to the Tron coin? Great news!”

Alexander, a TRX trader said:

“Excellent work, please continue to work hard on the project everyone who invested in this. We will be grateful forever.”

Rob Jason and a few other were unclear with this short writing and are awaiting further details about the migration:

“This is great news Justin Sun however; the article is not clear what action needs to be taken for TRX holders who do not have their tokens in an exchange. Will this process be published? Thanks.”

Firoz Shah says:

“So, to exchange the ERC20 TRX tokens to the Main net TRX coins, we just need to deposit it to any ERC20 TRX compatible exchanges? Can you give an official list of supported exchanges? and for those who have the token on a wallet outside exchanges like MEW?”

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Sthuthie Murthy is a full-time reporter at AMBCrypto. She has been researching and writing about the Blockchain technology for a year now. Her passion for blockchain has led her to be a part of AMBCrypto's news reporting team. She does not hold value in any cryptocurrencies currently.