TRON Tokens Officially Swapped

27 June, 2018

The TRON network has been open for moving coins, and some exchanges are ready with the token swap and withdrawals.

TRON (TRX) transactions have been picking up - with 127 an hour and potentially growing, as the new network launches. However, verification is still not in the hands of Super Representatives, as the elements of the new network have yet to come together.

However, the elections may be seeing a glitch, as most TRX tokens are locked on exchanges. While Upbit has reopened, Binance still does not allow withdrawals due to the recent maintenance. The elections for TRX are ongoing, and there is no deadline, but the tokens needed to vote will have to find their way to the official wallet.

In the meantime, the TRX market price has continued to unravel, down to $0.038 during the latest market downturn, losing another net 17% in the past seven days. For TRX, it has been a traditional move to start losing value right after achieving a long-awaited milestone.

One of the reasons for the TRX slide is the increased influence of Bitcoin trading, to 50% of volumes, and the slide in Binance trading and USDT volumes. But TRX is getting listed on new exchanges, including TradeSatoshi, a relatively small market.


Source link   Crypto currency: TRON


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