TRON launches token migration process

TRON launches token migration process

Over the next three days, TRX tokens will migrate to the main TRON network. At the moment, 39 cryptocurrency exchanges have supported the migration process and agreed to swap tokens. Which does not require the direct participation of TRON holders.

From June 22 to 25, users will not be able to withdraw TRX tokens from exchanges. On June 24, exchanges will take a “snapshot” of user balances for the correct transfer to new TRON wallets. On June 25, deposits and withdrawals will also be frozen.

Given that the main TRON network will operate on the basis of the delegated Proof-Of-Stake. Then token holders will have to vote for block validators. As soon as the election is over, the network will be fully activated. This is expected to happen on June 26th.

Leave a Reply

Your email address will not be published. Required fields are marked *