Most leading exchanges, including Cryptopia, have announced their support for the token swap as the TRON network prepares to start carrying the new digital asset.
The TRON (TRX) token migration is scheduled to happen within hours, and exchanges will be instrumental to awarding the new balances. Within hours, exchanges will close their wallets, and the actual swap will happen on June 24. Two days later, voting for Super Representatives is starting.
Justin Sun, founder of TRON, reminded that the tokens will be exchanged on a 1:1 basis, taking into account exchange balances:
“As of now, there are already 30 exchanges that will be supporting the TRX token migration that will happen on June 24th at 0:00AM (GMT +8). Each exchange will offer their own timelines as to when they will no longer accept deposits for the June 24th token swap, so be sure to check with your appropriate exchange on the deadline for TRX token deposits.”
The TRX market price has reawakened, with so many milestones toward the end of the month. TRX inched up to $0.049, climbing to position 9 in the top 10 of coin by market capitalization. But taken as a long term trend, the current increase in prices is relatively minor, and volumes remain rather low.