The TRON (TRX) digital asset is holding one of its more important countdowns, with three days to go until the old asset, an ERC-20 token, freezes and becomes unmovable. TRX will rely on exchanges to make the asset swap, and users will have to send their TRX to the markets. Already the leading exchanges are supporting the move to the new type of asset:
https://twitter.com/justinsuntron/status/1007081338824871937
Even if the users are late to move their TRX to exchanges or into the new wallet, the TRON project has given indications it would open an ongoing tool to swap the old asset for the new.
But the last month, after TRX launched its mainnet, saw the TRX asset depressed by selling. After being one of the best performers in April, TRX slid, losing more than half its value in the past month, to hover around $0.041, losing more than 12% in the past seven days. Alternatively, some traders expect to see TRX rebounce to a higher level after the slide.
!TRON!
TRX is one of the newest, but also quite popular digital assets. Now, it remains to be seen if the great enthusiasm for adoption leads to successful elections. TRX has also been sold rapidly just ahead of milestones, to realize profits.
https://twitter.com/justinsuntron/status/1008615758178291712
Recently, the TRON project released voting recommendations ahead of the June 26 elections. Beyond exchanges that would assist, users are urged to download the Tron Chrome Wallet V1.7.0. TRX tokens will be frozen for three days to gain TRON Power, which is then added to the influence of a voter.
For TRON’s founder, Justin Sun, the real countdown is to the elections and the launch of the Super Representatives network. The challenge for TRON may be to gather the votes, and show that the consensus mechanism works well. For EOS, the move to a mainnet was a bit more rough, including days to achieve an acceptable level of voting, as well as a network freeze during the weekend.
This article appeared first on Cryptovest
