TRON [TRX] blockchain is supported by BJEX for upgradation and token migration
Tron (TRX) will be conducting the first 27 super representative elections on June 26 and will be celebrating Independence Day on June 25 after the token migration completes. The big day for Tron (TRX) is around the corner and more and more exchanges are joining the blockchain. With this date approaching, today, BJEX announced that it would support the TRON blockchain upgrade and token migration.
Tron (TRX)’s Justin Sun tweeted the news on his official twitter handle. He also mentioned details about the list of events that will occur in the following days. Sun also announced that on the Independence day, 1 billion tokens will be burned, worth 50 million dollars. According to the reports from Medium, the event is about to set the record for the maximum amount of money spent and destroyed in the history celebrations for a historic moment.
— Justin Sun (@justinsuntron) June 22, 2018
Launching of the Tron MainNet is to take place in four stages — Preparation, Guardian Phase, Genesis Phase, and Constitutional Phase.
As per the current reports, there are 30 exchanges that will support the Tron (TRX) token migration which is scheduled on June 24 at 0:00AM (GMT +8). Every individual exchange will provide their own timelines, after which they will not accept any deposits for the June 24th token swap. So the customers are requested to ensure and check the deadlines issued by each exchange for TRX token deposits.
According to the reports from the medium, It was reported earlier the launch of the virtual machine on May 25 (UTC+8), mainnet on May 31, token migration on June 21 and the first 27 super representative elections on June 26. Before the Independence day on 25th June, investors are requested to deposit TRX’s ERC-20 tokens to BJEX. Also, after the mainnet launch equivalent, TRX token will be received. No transactions will be permitted after the migration of tokens.
BJEX is dedicated to providing international customers with outstanding connected cryptocurrency services. BJEX also promotes the essence of freedom and sharing. In addition to this TRON has designed and created a mobile terminal that can be traded at any time, covering and supporting full business functions.
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 $0.047591 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.
Image via Twitter
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