Connect with us

Blogs

TRON (TRX) Token Migration is Underway – Don’t Miss your Chance to Move the Coins

Published

on

TRON
READ LATER - DOWNLOAD THIS POST AS PDF

After months and months of announcements, waiting, and wondering what consequences the move will have, TRON (TRX) has finally launched its MainNet – Odyssey 2.0 on May 31. It has been two weeks since the launch, and the token migration is happening right now. Do not miss your chance to transfer your coins while you still can.

Odyssey 2.0 has arrived

May 31st was the date that many of the TRON (TRX) enthusiasts were waiting, which is the day when TRON’s MainNet will finally go live. It finally happened, and Odyssey 2.0 can now be downloaded from TRX’s Github page. This was a big achievement for the TRX token, since it marks the beginning of the token migration which will see this crypto going ‘home’, to its own blockchain, while leaving its birthplace – Ethereum’s blockchain.

The MainNet has done a lot, and that includes merging 547 forks, accumulating over 2,150 revisions, adding 102 additional features, as well as releasing up to 15 software iterations. However, the most important thing for TRON itself seems to be the migration itself, since the crypto is eager to ‘shed off its ERC-20 identity’. This is mostly due to the fact that the team is excited to see their own scalability and decentralization solutions in action.

The new network will be capable of offering an amazing speed, which will be up to 400 times faster than what Ethereum can offer. With that in mind, it is no surprise that the coin can’t wait to find itself in a new environment.

Switch your tokens while you can

The token migration has already started, and it is expected to end on June 25. The TRON community has started calling this date an ‘Independence Day’. When it comes to the switch itself, it will be done automatically, but only if the coins are in those exchanges and wallets that are supported. The transactions will be handled by the third party, and the token holders will have their coins converted into their new form.

In case that someone misses the migration, the manual switch to the new blockchain will not be possible. Instead, those who did not allow their coins to migrate will have to wait for the next switch date. It is not known when it will be scheduled, nor which exchanges will have the ability to do it, which is why it would probably be best if token holders can ensure that the migration can happen now.

The switch and the token migration are being supported by various large platforms, including Bit-Z, Coinrail, BITKOP, Bitfinex. Bithumb, Okex, Bitpie, Binance, DragonEx. Coinnest, Liqui, Bittrex, Gate.io, Bixin, UpBit, RightBTC, Huobi Pro, and ZebPay.

Another important thing regarding the Independence Day is that this is also when TRON will announce its Super Representative election results. The top 25 of them will become the network’s primary nodes, and they are being chosen by community voting right now.

TRON was the main topic for days

The launch of the MainNet was a long-expected development, and in the days following the launch, there has been a rather impressive amount of hype on social media. TRON’s founder, Justin Sun, has stated that the internet is talking about TRON more than Bitcoin or Ethereum. Twitter has seen an incredible amount of TRX-mentioning, while the community and TRON enthusiasts, critics, holders, and everyone else involved with this crypto posted over 1500 TRX-related videos on YouTube per day.

What’s more, TRON has more token holders than any other crypto. The current number of them is at around 1.04 million, and none other crypto comes even remotely close to this. The second place in token-holders is reserved for EOS, which only has 360,000 of them.

Additionally, Sun has announced a large bug bounty program shortly after the launch. Its goal is to find all potential flaws in the MainNet, fix them, and make it as perfect as it can get.

There is only one part of TRON that doesn’t seem to thrive in the current conditions, and that is the price of TRX. Many have expected that the price will spike with the launch of the MainNet, and some have probably even counting on it to do so. However, no such event was triggered by Odyssey’s launch. Still, the price has been relatively steady recently, currently being at $0.042394, which might indicate the market’s confidence in the new network.

Since the launch, TRON has entered over half a dozen new partnerships with various exchanges and other entities, which is just another sign that this crypto is continuing on its way to market domination.

For the latest cryptocurrency news, join our Telegram!

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.

Image courtesy of Pexels

Blogs

How Can Foreigners Get Loans in Singapore

Published

on

loans for foreigners in Singapore
READ LATER - DOWNLOAD THIS POST AS PDF

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also…

Continue Reading

Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

Published

on

Aluna.Social
READ LATER - DOWNLOAD THIS POST AS PDF

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

Continue Reading

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

Published

on

CoinFlip
READ LATER - DOWNLOAD THIS POST AS PDF

As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

Continue Reading

Press Release