For original article written in Polish click here
. Why TRX is being migrated and what it does it mean?
Token migration is directly related with the independence of the project from Ethereum infrastructure and protocol (strictly ERC20 standard) on which currently TRX is functioning. By moving to its own network and protocol, TRON is going to be full-fledged cryptocurrency (so called coin) and would leave token agnomen. Thus, TRON is going to join the party such projects like Bitcoin, Ethereum, Litecoin or Ripple - every and each of them have their own network, blockchain and protocol. That's not the end of the good news. By independing itself from Ethereum, TRON ecosystem will have a great opportunity to be used by dApps (decentralized applications) developers. What's more, based on the TRON protocol, other cryptocurrencies will also be available to be created - similarly as Tron was created on Ethereum network. Will TRX trading during the token migration will be blocked/halted?
- Wedle zapewnień zespołu migracja nie będzie miała wpływu na handel TRONem na którejkolwiek z giełd.
Każda z giełd może jednak podejść do tego tematu indywidualnie lub mogą wystąpić niespodziewane problemy. Do I have to transfer my TRX from current wallet (for ex. MEW - MyEthereumWallet) to an exchange?
It is highly recommended. By giving the crypto exchanges all the responsibility of migration of users TRX tokens, TRON Foundation intended to protect users and their TRX from situations where they could misinterpret the instructions, skip some steps or simply fall as a victims to the fraud.
IMPORTANT: After 25th of June token migration to the mainnet is going to be still available.
Binance exchange stated that is going to make such functionality available to its users for life. Does token migration costs me anything?
Migration in the time set by the TRON team, ie June 21-25, is free. Tokens are going to be exchanged in a rate 1 to 1 (1:1).
Binance hasn't stated whether the TRON migration process would cost anything starting from 26th June. How exchange is going to migrate my tokens? Do I need to do something other than sending my tokens to an exchange?
Migration will be done in a way which is not observable for end user (token holder).
The only required step for every user interested in converting his/her tokens is... to send them to an exchange supporting migration. Technical details of the whole process for curious can be found here, on the TRON protocol repository on GitHub
. Will the price of migrated tokens be different from current one?There is such a probability
. The distribution of migration over the time time with the number of places where it will be carried carries a risks and in the same time opportunities that the price may fluctuate.
For example, it would be enough for one of the exchanges who earlier decides about the suspension of deposits, which will limit the number of tokens available in trade between users. This in turn will cause those who have successfully deposited tokens to try to sell them for more to those who want to buy them - and to make things worse each purchase reduces the number of tokens available. List of exchanges that support TRON mainnet token migration
As of 16/06/2018 there are 35 of them.