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Tron [TRX]’s Justin Sun on Twitter – “All is going well”

Ranjitha Shastry



Tron [TRX]'s Justin Sun on Twitter- "All is going well"
Source: Pixabay

TRON mainnet was officially launched by Tron Independence Group [TIG] based on community consensus at 10:00 on June 25th [Singapore time]. The migration of TRX tokens from the ERC20 tokens to Tron’s mainnet tokens has also begun concurrently. As per the recent post by Justin Sun, exchanges that carry the migration have started the technical integration.

Justin Sun's tweet about the token migration update | Source: Twitter

Justin Sun’s tweet about the token migration update | Source: Twitter

TRX ‘s ERC20 tokens are said to remain till all ERC20 tokens are converted to TRON’s mainnet tokens. Tron Foundation mentions:

“Token holders can make the conversion at any exchange that supports TRX migration. For specific conversion time, please refer to the announcement made by the individual exchange.”

Currently, Binance and Gate are both supporting the conversion from ERC20 tokens to TRON’s mainnet token. Tron Foundation is still welcoming other exchanges to contact them in rendering constant support for the migration process. Upbit has also swapped the TRX mainnet asset at a 1:1 ratio for token holders. Upbit has re-opened the transaction of TRX deposit and withdrawal. Tron Foundation also mentions:

“TRON will provide timely updates of the list of exchanges that can provide continuous support for the migration.”

Additionally, the Super Representative Election has started and the SR candidates are asked to start the voting process. They will also have to be prepared towards their promotional campaigns which rely on the progress of the migration at the exchanges.

2ez28u, a crypto enthusiast, and a Twitter user 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.”

Gino, a Twitter user commented:

“Are my tokens safe on Binance?”

Adeel Haroon, another Twitter user commented:

“Congratulations Justin. Now can you please tell is that when we can secure our Tron coins on Nano Ledger?”

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Ranjitha Shastry is a part of AMBCrypto's News Reporting Team. Having done her major in Journalism and mass communication, she is passionate about business and economic journalism.


WAVES/BTC sees dramatic drop to reach 1 Satoshi on Binance exchange due to a massive sell order




WAVES/BTC hits a dramatic drop to reach 1 Satoshi on Binance exchange due to a massive sell order
Source: Pixabay

Waves, the 29th largest cryptocurrency, hit lows against BTC on April 17, and users speculated that this could have been due to a massive sell order.

Waves, at press time, was trading a $2.71 with a market cap of $270 million and had a trading volume of $15 million. However, on April 17, the price of Waves hit rock bottom due to a massive sell-off similar to one that Ethereum witnessed a few years back.

Source: TradingView

As seen in the above chart, the price of Waves against BTC hit exactly 0.0000001 BTC, which amounts to 1 Satoshi. The volume for the said candle is also massive, further confirming a sell order of massive amounts. The coin has since increased by approximately 3% against Bitcoin in under 24 hours.

Crypto enthusiasts on Twitter couldn’t hold back their opinions as one user, @BitBitCrypto tweeted

“- $WAVES did not trade at 1sat, it traded at 10sat
– It is still a great project and with a huge potential
– This sell order has nothing to do with WAVES (the project)
– This trade wasn’t done on Binance web cause you can’t place this low, it was API
– I didn’t buy it at 10 sat”

Another user @BITCVIX tweeted:

TradingView commented on this matter saying:

“Something strange is always happening in the #crypto market”

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