TRX Users Should Transfer Tokens to Avoid Loss of Funds

Tron will migrate from ERC20 tokens to TRX, the cryptocurrency on Tron’s public blockchain, on June 21, 2018
16 April 2018   721

TRON is a project dedicated to building the infrastructure for a truly decentralized Internet. The Tron Protocol offers scalable, high-availability and high-throughput support that underlies all the decentralized applications in the TRON ecosystem.

Due to the upcoming lauch of TRON main net, the project has published a migration notice on the official website. Tron will migrate from ERC20 tokens to TRX, the cryptocurrency on Tron’s public blockchain, on June 21, 2018(GMT+8). All transactions will be frozen on the exchanges from June 22 to June 23.

TRON Migration NoticeTRON Migration Notice

Tron Labs recommended the users to move their funds from wallets to the exchanges in order to ensure safety of the tokens. After June 24, ERC20 will no longer be valid for transactions, and only transactions with TRX on the public blockchain will be supported.

ABCC Exchange to be 1st to List TRC-10 Tokens

TRC-10 is a token standard supported by the original TRX cryptocurrency blockchain
16 January 2019   122

ABCC cryptocurrency exchange has entered into a partnership with the Tron project and will be the first platform to list for TRC-10 tokens.

This is stated in the ABCC tweet, the news was also confirmed by the founder and CEO of Tron Justin San.

As stated in the developer guide, TRC-10 is a token standard supported by the native Tron cryptocurrency blockchain (TRX) without deploying the Tron virtual machine (TVM).

At the same time, the TRC-20 standard token is used for smart contracts with TVM support and is fully compatible with the ERC-20 standard tokens on the Ethereum platform.

Earlier it was reported that the standard token TRC-10 will form the basis of BitTorrent Token (BTT). The project also plans a tokesale on the Launchpad platform from the Binance exchange.

Last week, the TRX cryptocurrency came in 9th place in terms of capitalization, bypassing the Bitcoin SV.

As of Wednesday morning, January 16, the TRX price, dropping 3.97% over the day, was $ 0.024. Cryptocurrency capitalization was $ 1.622 billion.