Altcoins

Tron Mainnet Asset Swap Now Active on Gate.io: Updates by CEO

Founder of Tron, Justin Sun keeps updating the community and the world about the important developments on the company. According to Sun’s official posts on his Twitter account, Tron mainnet asset swap for TRX holders on Gate.io has been launched at a 1:1 ratio.

The original message by Sun stated: “Gate.io has swapped the TRX mainnet asset at a 1:1 ratio for TRX holders and provides the long-term conversion services of ERC20 to mainnet asset. Gate.io has now re-opened the function of deposit and withdrawal”.

Gate.io is a major China-based cryptocurrency exchange platform founded back in 2017. The platform was concentrating on providing the users easy and simple trading experience by listing big, small and even rare coins in the market. Currently offered trading pairs on the platform include TRX/USDT and TRX/ETH.

Earlier Tron has been announcing some big names of exchangers that support the TRX token migration, including: LoMoStar, Bihuex, CEO.bi, Koinex India, Bitbns, Cryptopia, Binance, Huobi.Pro etc.

According to the latest post by Justin Sun, the exchanges, which currently carry the migration, have already started the technical integration. In addition, it was informed that TRX ERC20 tokens will remain till all ERC20 tokens are converted to Tron’s mainnet tokens. “Token holders can make the conversion at any exchange that supports TRX migration. For specific conversion time, please refer to the announcement made by the individual exchange”, states Tron Foundation.

In addition, Tron Foundation has confirmed that they are still welcoming other exchanges to contact them and confirm their support for the migration process. Meanwhile Super Representative Election has already officially started and the SR candidates have been asked to start the voting process.

“Tron will provide timely updates of the list of exchanges that can provide continuous support for the migration”, Tron Foundation mentions.

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