Tron [TRX] is celebrating its “independence day” today, as its token migration is set to conclude later tonight. When this occurs, Tron will become completely independent from the Ethereum network.
Tron Independence
#TRON Independence Day live stream starts now, join us to be part of the free, decentralized internet. https://t.co/M5uzhyfjYf[1][2]
— Justin Sun (@justinsuntron) June 25, 2018[3]
Originally, the TRX token distributed after Tron’s ICO was an ERC20 token, held on the Ethereum blockchain. Tron’s main net launched just over three weeks ago, and its developers tested the main net code to make sure it was ready to support the new TRX tokens.
36 cryptocurrency exchanges took part in the TRX token migration. The new TRX tokens supported on the Tron blockchain will be available to investors tomorrow.
Don’t worry, if you missed the deadline to put your TRX on a supported exchange, you can contact Tron directly, and they will handle the swap for you.
>> Crypto World Cup Day 11: Justin Sun vs. Tom Lee[4]
Super Representative Election
Tomorrow marks the first day of the Tron Super Representative election. The individuals elected will be responsible for the governance of the Tron blockchain.
Governance has been a major issue within the cryptocurrency space, as many cryptocurrencies were formed last year off of “hard forks” based on disagreements with the overall consensus of a project’s direction. Prime examples include Bitcoin Cash and Ethereum Classic.
TRX holders will be able to vote the representatives in, but the more TRX you have, the more voting power you hold.
TRX Price Movement
At press time, TRX is trading at $0.0427 a coin, up 6.19%, in
