The countdown for Tron [TRX] token migration begins!

Justin Sun, the CEO and Founder of Tron [TRX] along with his team have been on a mission to introduce various updates throughout the second quarter. The much-awaited Tron Mainnet release has been completed a few hours ago, however, there is so much more awaiting the Tron community in the month of June.

According to the Medium notice released by the Tron team, the migration from ERC-20 tokens to TRX on Tron’s public blockchain is scheduled on 21st June 2018. They have notified that all the transactions will be frozen from 22nd June to 23rd June. Post 24th, all the ERC20 will be made invalid for the transactions and the team will provide support for all the TRX transactions on the public blockchain.

The TRX migration has been supported by almost 19 exchanges, this includes the top cryptocurrency trading platforms like Binance, Bitfinex, Bittrex, Upbit, etc.

Post the token migration, the team has scheduled the first Super Representative Elections on 26th June. Out of the 1 million Tron supporters, 27 Super Representatives will be elected. The complete future governance of Tron and its community will be decided based on the result of the Super Representative Elections.

All the selected candidates will have a major role to play in the growth of the organization. These candidates are expected to act as guardians to the entire Tron network, actively participating in the validation of the network.

TRX has been swinging between the 9th and 10th position displaying instability since the last two days. The current trading value is $0.064 with a market cap of $4.26, it is currently at the 10th position overtaken by IOTA in a close call. 

A Twitterati named Xampo says:

Tron going to the floor while mainnet is coming lol”

Another Twitterarti says:

#Tron #trx Go to #moon #Tron is king 2018.. i wait price 1 USD minimum.”

Buzz Altdrin, a cryptocurrency proponent says:

“Don’t expect Tron to rise too high. Its not that easy to get rich. And other rich people don’t want you all get super rich. Simple put.”


Source: Read Full Article