The decentralized entertainment content sharing platform led by Justin Sun will be migrating TRX ERC-20 tokens to TRON's mainnet on June 21st, 2018.
On Wednesday, Justin Sun announced that DragonEx will be supporting the token migration, alongside Binance, Bittrex, and Bitfinex.
Those who wish to migrate their tokens with DragonEx must deposit their ERC-20 TRX tokens to the DragonEx exchange before June 20, 2018, 23:59.
On June 26th, DragonEx will issue the equivalent amount of TRON mainnet tokens to those who deposited their TRX ERC-20 tokens before the June 21st deadline.
DragonEx is a Singapore-based cryptocurrency exchange - on May 15th they launched an English version of their site to expand their user base.
TRON's price has continued to rise in anticipation of the mainnet launch and even with the recent market downturn, it is still up 1.21% over the past week.
In January 2018, TRX increased significantly seemingly out of nowhere, trading from $0.03 to $0.29 in just over one week - afterward, the market quickly corrected itself and TRX plummetted back down to $0.03.
This time around TRX has steadily worked its way back up to its current value of $0.07.
Despite the bear market, TRX seems to be doing well.
Named Odyssey 2.0, the mainnet will be officially launched on May 31st. The announcement highlighted numerous advancements that will improve the network, giving TRON the edge it needs to compete with Ethereum.
DragonEx Exchange Will Support TRON's TRX Token Migration on June 21st
Published on May 24, 2018
by Cryptoslate | Published on Coinage
Coinage
Mentioned in this article
Recent News
View All
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.