Connect with us

Altcoins

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

Ranjitha Shastry

Published

on

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?”





Subscribe to AMBCrypto’s Newsletter




Follow us on Telegram | Twitter | Facebook



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.

News

Facebook’s Libra hit by more accusations, Balaji Srinivasan on BTC investment and more

Jibin M George

Published

on

Crypto News – 24 June

Erik Voorhees on Bitcoin: According to the CEO of Shapeshift, Bitcoin’s relative traceability has allowed governments to become comfortable with it

Read more at https://bit.ly/2WVviJW

Max Keiser on gold’s ‘resurgence:‘ Max Keiser made news after he stated that Bitcoin’s growing popularity as a competing store of value and millennials were responsible for gold resurfacing in the conversation about store of value assets

Read more at https://bit.ly/2Xve2zp

Tron back in the top 10: A month after CEO Justin Sun promised to get Tron back in the top 10 of the world’s largest cryptocurrencies, TRX surged by over 6% to achieve the same by overtaking Cardano

Read more at https://bit.ly/31TXekX

Bank of International Settlements on Libra: While talking about Facebook’s Libra, BIS’s report attested to the need for sound public policy, financial regulation, competition regulation, and data privacy regulation

Read more at https://bit.ly/2Fsoptu

Bitcoin short futures position on the rise: According to a Twitter user, 70% of all Bitcoin short futures position are taken by four traders

Read more at https://bit.ly/31Om4CQ

LocalBitcoins’ Russian Ruble trading charts: According to CoinDance, the weekly LocalBitcoins chart revealed that the Russian Ruble [RUB] recorded towering volumes, even after the June 1 cash-exodus announcement

Read more at https://bit.ly/2JgRWYz

Howard Chu on Monero: According to the Founder of Symas Corp., Monero was “outstripping” other projects in the space which have larger budgets, in light of the new features added to Monero

Read more at https://bit.ly/2Y8IsEQ





Subscribe to AMBCrypto’s Newsletter


Continue Reading