Tron (TRX) Independence Day is the most awaited event at the moment, and will be happening in 9 days. Just in case you are unaware of what Tron Independence Day is all about, this is the day, when Tron will fully transition to the Tron main net. It marks the day when Tron starts to operate as an independent blockchain, ready for developers to create all sorts of Dapps.  As this day approaches, here a few things you need to know.

  1. Tron is currently in Mainnet testing phase

The Tron (TRX) Mainnet went live on the 31st of May, but since then, it has been in a testing phase. There is already a bounty program out for hackers to test out the network for bugs, and help improve the code.  The good news is that up to this point, everything is going on smoothly, indicating that the Tron (TRX) blockchain is solid, and ready for some top quality Dapps to run on the network.

  1. You have until the 24th of June to deposit your tokens to an exchange

Tron (TRX) tokens are still ERC20, and the migration will take place between the 21st and the 24th of this month. For those who hold Tron (TRX) tokens in wallets, that will be the only chance they have to move their tokens to the Tron (TRX) blockchain. Mark these dates so that you won’t get into any complications when the migration finally takes place. The last thing you want is to lose the tokens of one of the most powerful platform blockchains ever made.

  1. Binance will be there to help those who miss those dates

In case for some reason you fail to migrate your tokens to an exchange by the 24th, there is no need to panic. Binance has announced that they will be supporting a permanent migration of the Tron (TRX) tokens. This means that one can always move over their Tron ERC20 tokens to the Tron main net at any time they wish, provided they do so on Binance. This will be a lifesaver for many, who are not aware of the migration.

  1. The Tron (TRX) genesis block will start on the 25th of June

Like the title of the day’s event “independence day” suggests, the 25th will be the day when the first Tron blockchain genesis block will be launched. This will mark the true shift away from the Tron blockchain, and the beginning of Tron’s rise as an independent blockchain.

What to expect after Independence Day?

If you are holding Tron (TRX), then Independence Day could see the value of your tokens shoot up by a huge margin. It could easily push up to $0.10 out of the excitement that the whole event will create. However, this should not be the goal for investors. The thing to watch out for are the Dapps that will launch on the Tron (TRX) blockchain after this event. An influx of Dapps on Tron could see the value of TRX shoot up to over a dollar within the year.

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This information should not be interpreted as an endorsement of cryptocurrencies or a recommendation to invest. Historic performance is no guarantee of future returns. As an investment class, cryptocurrencies are speculative investments and investing in cryptocurrencies involves significant risks – they are highly volatile, vulnerable to hacking and capital loss and sensitive to secondary activity. Before investing you should obtain advice and decide whether the potential return outweighs the risks.


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