Tron [TRX] was successful with the main net launch although no major visible implementations or effects have been witnessed. However, tons of exchanges stepped up to support TRX either as a listing or to stand by during the migration.
Tron’s Founder, Justin Sun had been very precautious and extremely responsible to ensure a smooth transition during the entire procedure. Right from the main net launch on May 31st to the conclusion with the Super Representative Election’s results being declared on June 31st.
The migration notice from the Tron team had gone out to all the exchanges that have TRX listed or are supporting them. After the testing phase of the Main Net and the bug bounty program ending, the token swap will commence on the 21st of June and will end on June 25th at 11.59 pm, Singapore time.
The users are required to follow the steps mentioned by the team:
“If your ERC20 TRX are held in a wallet, you must deposit your TRX to an exchange supporting the migration before Jun 24th 11:59PM Singarpore time. Here are the exchanges supporting #TRX migration, [sic].”
The SR election will pick out a total of 27 representatives. These elected members will be the guardians of the Tron community for its own public blockchain and their own digital asset – TRX. They will guard the foundation throughout the journey. Tron claims to have the world’s biggest protocol.
The list of accomplishments or appraisals for Tron might never end as the community has witnessed them work ‘sleeplessly’ for months to get things right. The only negative that the supporters have voiced so far is the price lagging behind even though it has been able to sustain its top 10th position.
TRX is currently trading at $0.058 which has been the value since a long time. However, there are positive signs of TRX with 2.52% gain since yesterday after weeks of decline. The market cap has increased and is now at $3.8 billion.
Nikhil Gorwani, a Twitterati says:
“The reason #TRX #TRON hasn’t pumped like it was supposed to is that the investors are apprehensive about the old ERC 20 token .. once they receive the new tokens without any complications they will jump in huge numbers and price will surge .. waiting for Independence Day to the.”
Keep Calm and HODL, a crypto investor tweeted:
“#Tron fam. Relax. Think long term. Worrying about 6 cents vs. 10 cents is going to look pretty silly when you see what the price of #TRX is going to be in a few years. Hang on to your Tron. Go enjoy life and we will ladder out 50% when time is right. Other 50% we keep to…”