TRON’s MainNet upgrade and token migration have taken over the crypto-world. TRON is going strong and has been gathering support from more than 50 cryptocurrency exchanges, which includes Zebpay, Bittrex, Upbit and more.
Justin Sun tweeted, on 3rd June:
“@OKEx_ has completed #TRON mainnet upgrade and resumed #TRX deposit and withdrawal. 🔉 https://support.okex.com/hc/en-us/articles/360004896212-TRON-TRX-Deposit-Withdrawal-Suspension-during-Mainnet-Swap …”
OKEx is a digital asset exchange that gives financial services to worldwide traders who utilize blockchain technology. Founded in 2014 by the CEO of OKCoin’s, Star Xu, the platform has been ever since in support of TRON’s migration as said by them in their official article:
“The mainnet swap of TRON is complete and the deposit and withdrawal services have been resumed as normal. Thank you for your understanding. Note: OKEx will generate new TRX deposit addresses after the mainnet swap. Please use the new address instead of the old one to prevent any asset loss.”
The token migration event was held by TRON on 21st June and TRX withdrawals had been stopped until 25th June. Earlier, the RX supporters held ERC20 tokens which were made on the Ethereum Network. These Token are not compatible with the launch of the latest platform. TRON shifted from the ERC20 to the TRON20 standard, which is a native coin for the Tron Mainnet.
As of late, to commend the token relocation and blockchain update TRON burned out 50 million TRX tokens. Not only this, Tron Independence Group [TIG] was depended with the 33,251,807,424 TRX, while the original amount is 34,251,807,524 TRX. These were held by TRON foundation, thinking about the security of its virtual asset. After this, Tron discharged its locked TRX tokens and burned near to 49 billion TRX ERC20 tokens.
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