TRON Token Swap Launched, Super Representatives Voting Still Incomplete

  • Yuri Molchan
    📰 News

    The TRON Super Representatives voting is not finished yet as exchanges keep TRX Locked


TRON Token Swap Launched, Super Representatives Voting Still Incomplete

Mainnet launched, voting started

TRX transactions in exchanges have been increasing, around 127 an hour, after the mainnet has launched. Nevertheless, the Super Representatives have not been elected yet to perform verification.

However, there might be a problem with the elections, since the majority of TRX coins are locked in the crypto exchanges supporting the migration. Upbit has only just reopened; Binance still has not resumed withdrawals after the recent maintenance, even though rumors had it that the exchange had resumed operations in full.

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Market reverse

Meanwhile, the TRX market rate keeps decreasing, now being $0.038. This already seems to be a personal TRX trend– to start losing value upon getting to a certain milestone.

One of the possible explanations to this is that Bitcoin trading is rising, Tether volumes too and Binance suspending its work.

In the meantime, TRX is about to be listed on a couple of new exchanges – TradeSatoshi and Bitmex.

Things to come

Currently, the TRON story is far from being complete. On July 31 TVM Virtual Machine is to be launched. The whole of the TRON ecosystem is expected to take off before September this year.

Some generous analysts predict TRX price to increase to a few dollars by the end of the year when the ecosystem is ready to launch.

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Cover image via u.today
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About the author

Yuri has worked in crypto since 2017. A translator, quickly became a crypto enthusiast. He has worked for several Telegram channels covering cryptocurrencies. Currently is a news writer, covering crypto and blockchain-related topics.

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