The Tron (TRX) MainNet launch is only a few days away and on the 31st of May. The token is still holding strong in the markets and still in the number 9 position according to coinmarketcap.com. TRX is currently trading at $0.069 and down 2.44% in 24 hours and at the moment of writing this. But all this is expected to change as we trod towards the MainNet launch and the events that will precede the 31st.
So what will happen on the 31st of May and the days after?
The Tron team has laid out a timetable for the Tron Users, developers and exchanges on their medium page, to give a clearer picture of the events that will take place during that time period.
What is currently ongoing at the Tron foundation up until the MainNet launch, is the rigorous testing of the MainNet, the Tron Wallet, and the blockchain explorer. From the first of June up until the 24th of the same month, the team will be working on maintaining stable operations of the MainNet with a data wipe on the 24th. Also, users will be given links to get and test new tokens on the MainNet’s Tron Wallet.
The community developers will also be carrying out additional tests on the MainNet from the 1st to the 24th of June. The public launch of the MainNet together with the first block, also known as the Genesis block, will happen at midnight, June 25th (UTC + 8).
With the Genesis block, comes now the full TRX migration onto the new blockchain. The Tron team has outlined this process in that the migration will happen in all the exchanges supporting the migration. Super Representative candidates will have an express migration to ensure a swift application process towards the Super Representative elections on the 26th. TRX users and HODLers are advised to transfer their tokens to the supporting exchanges before the 24th of June.
On the 25th, the deposit and withdrawal of TRX tokens will be suspended in all exchanges for the completion of the migration. These functionalities will, however, resume by the 26th and in time for the Super Representative elections.
It is therefore with the above-scheduled beehive of activity that it is safe to conclude that the TRX token will experience some gains in value in the crypto markets.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
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