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Tron (TRX) Shuts Down Its ERC20 Wallet Consulting Service, Binance Can Be of Help Once Again

  • Alex Dovbnya
    📰 News

    Tron takes down the website that allowed everyone to convert their ERC20 Tron coins into Tron mainnet-supported ones


Tron (TRX) Shuts Down Its ERC20 Wallet Consulting Service, Binance Can Be of Help Once Again
Contents

Since its mainnet launch, ERC20 has been giving TRX holders a chance to swap their ERC20 Tron tokens into the new, mainnet-based ones via a special service. Now this shop is closed.

From July 2018 until January 31, 2019

The Tron mainnet was released on July 25 last year. An overall token migration was announced through participating exchanges, where Tron holders could exchange their Ethereum-based ERC20 TRX coins to new ones powered by the Tron mainnet.

After that, the same thing could be done by means of a special service meant to help Tron community members not lose their old Tron tokens. The withdrawal service was running since July 13, but not all Tron users took part in the token migration back then. The service was meant to work until January 1, 2019.

However, the Tron team decided to prolong the period for another month, just in case, until January 31. Now the time is up, and the withdrawal service is no longer functioning.

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Last chance for ERC20-based TRX holders

Those who still have not had a chance to convert their old TRX coins into the new ones, powered by the Tron mainnet, can still do it via several exchanges that support Tron token migration on a permanent basis. Those exchanges are Binance, Gate.io and Max Exchange.

Tron’s achievements in 2019

The TRX Colony account on Twitter says that since 2019 has arrived, Tron can boast the following milestones.

  1. It has moved from position #10 to #9, surpassing first Bitcoin Cash SV and then Stellar Lumens.

  2. Tron’s market capitalization value has increased by $500 mln.

  3. The number of Tron accounts has risen by 532 mln.

  4. The price of TRX has gone up by around 37 percent in US dollars.

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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