Tron (TRX) announces Independence Day Party in San Francisco
Tron (TRX) is to become officially become independent from Ethereum after the token migration that completes on June 25. To celebrate the occasion Tron announced that they’ll be throwing a party in San Francisco.
The party is scheduled to take place on June 22, 2018, at around 5 pm PDT. This is the first Tron event that is to take place in San Francisco. They’ll also be sharing some exciting announcements in the event as well. They mentioned that food and drinks will be provided to the guests. For those who don’t know, the migration is important because the tokens Tron supporters hold are ERC20 tokens. These tokens were created on the Ethereum network and are not compatible with the new platform. The migration from ERC20 to the TRON20 standard, a native coin for the Mainnet. The swap will be 1:1. After the migration, it will achieve full independence from the Ethereum network.
Related Article: Bitbns, Cryptopia to support blockchain upgrade and token migration
There are around 36 exchanges which are supporting the migration. Recently, Bitbns and Cryptopia, announced that they’ll be a part of it. Apart from it, the other 34 exchanges include, Binance, Bitfinex, Bitforex, Bithumb, BITKOP, Bitpie, Bittrex, Bit-Z,Bixin, Bi, CEO, COBINHOOD, Cobo, CoinEgg, CoinEx, Coinnest, Coinoah, CoinTiger, Crex24, DragonEX, Gate.io, HPX, Huobi, Indodax, Koinex, Lbank, Liqui, Livecoin, Max Exchange, Mercatox, OkCoin-kr, OKEx, Upbit and Zebpay.
In San Francisco this Friday around 5 PM? Join our first event, meet the team and ask your questions ? https://t.co/gBGGTzRXnc
— Tron Foundation (@Tronfoundation) June 21, 2018
Prices fluctuations were rapid for Tron in the last three months. Reportedly, the price went as low as $0.03 with over $2 billion market capitalization during March-April. After the plunge, it went up to $0.99 and with a market capitalization of over $6 billion.
Currently, TRX is trading $0.050 with a market cap of more than $3 billion. According to the last 7-day data, there’s a steep rise in its price which is of above 18%. It is speculated that the sudden bullish nature of the cryptocurrency is because of the token migration.
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