With the most anticipated TRON (TRX) ecosystem upgrade and token migration event just around the corner, OKEX exchange has announced supporting TRON. There are several events lined up for the cryptocurrency and the token migration will be the climax of the upgrade.
With most tokens and coins working on their infrastructure, TRON’s calendar seems to be full right now. This is as per the blockchains’ road map geared towards a better consumer experience. Every token that wants to be part of the future seems to be fighting for that extra inch with the increasing competition in the crypto-market.
TRON (TRX) Ongoing Events
First, the commissioning of the TRON Virtual Machine set for May 25 has already been done. This will enable the platform provide better services by improved security and increasing scalability. The machine is compatible with that of Ethereum and the shift to a new independent blockchain is guaranteed.
Once he Virtual machine is successfully launched, the launch is scheduled for the 31st May. This is the most anticipated event that will be make-or-break for the ecosystem. However, observers are keen to add that this is the best move and will see the price of TRX get a spike culminating in the token becoming more valuable.
The actual TRON token migration will take part on June 21st an OKEX has announced they are going to support the process and ensure it is seamless. TRON token holders can now deposit their ERC20 TRX tokens on OKEX before the launch and receive the equivalent of the new TRX tokens.
“Investors only need to deposit TRX’s ERC-20 tokens to OKEX before late June, 2018 (UTC+8) and will receive the equivalent TRX token after mainnet launch. Both TRX deposits and withdrawals will be suspended during the blockchain upgrade of TRX mainnet and will be resumed after stabilization of the Mainnet. The specific time will be notified separately. TRX trading will not be affected during the migration. As one of the world’s leading digital asset trading platforms, OKEX is affiliated with OKEX Technology Company Limited, mainly engaging in currency exchange and derivative trading services for digital assets such as Bittoken, Litetoken and Ether among others”.
TRON (TRX) Gets Listed on Oexcom
With the MainNet fast approaching, TRX has been listed on Oexcom according to an announcement made by the platform founder Justin Sun through his twitter handle;
With the listing of TRX on OEX, holders can now start depositing and withdrawing TRX as from tomorrow 29th May. This is a huge plus for the token as it seeks to increase its presence in the crypto-sphere and gain confidence from the investors as it struggles to have a global outlook.
TRON (TRX) Performance
With news that Tron is planning to acquire BitTorrent there is a lot of hype in the cryptocurrency circles. However, traders are staying put awaiting the launch MainNet explaining why the token has shed 10.02% against the dollar in the last 24-hours of trading. At the time of writing, the TRX is trading at $0.065589 in total contrast with the current hype.
It will be interesting to see how the token fairs after the MainNet. If the upgrade meets its purpose, then it means now is the best time to stock up TRX and wait for a price pike immediately after the launch. Many traders are still holding on to TRX waiting for the right time to start selling. With a price under $1, this is the right moment for the ordinary adopter to get a piece of the pie.