Tron is migrating to mainnet on 31st May and token swap happens on 21st June. CoinDCX confirms full support for this token mainnet swap. Trading of TRX will be unaffected.
Wait, what exactly is this mainnet token swap?
Mainnet token swap may seem pretty complicated but honestly, it isn’t!
All ERC20 tokens including Tron (TRX) have borrowed the already developed Ethereum blockchain(and all its features, of course) to support their projects initially. Now as they progress ahead in their journey, they are simply moving onto their own blockchain. This process of moving on is done for various reasons like being able to develop features specific for their own token, product differentiation from Ethereum network as a project and developing more features which Ethereum blockchain may not be able to support.
Tron Mainnet Swap- What needs to be done?
Deposit your ERC20 (tokens based on Ethereum blockchain) TRX tokens in your CoinDCX wallets by 11:30 PM(23:30) on 20th June and you are done! That’s all you need to do to get your mainnet TRX tokens. We’ll deal with everything else 😃
Continue to freely trade TRX/BTC and TRX/ETH during the entire course of mainnet swap as the trading will remain unaffected.
You won’t be able to deposit ERC20 TRX tokens after above mentioned time and date as we will freeze deposit and withdrawals of TRX till the time network stabilizes and token swap is completed. You will be credited with equal amount of TRX mainnet tokens as your ERC20 TRX holdings in your CoinDCX wallet and you could deposit and withdraw the same after the successful migration of TRX to mainnet.
Currently there is no other way to swap your ERC20 TRX tokens to mainnet except depositing in exchanges as per Tron Foundation team. So in case you hold your ERC20 TRX tokens in personal ethereum wallet, please ensure to deposit them in your CoinDCX wallet before the above mentioned date and time.
Confused with so many things to do? We will happily **summarize **it for you 😁
Timeline (IST Time)
June 20th, 11:30 PM- TRX deposits and withdrawals will be suspended (deposit your ERC20 TRX even from personal wallets, before this)
June 21st- June 25th- TRX mainnet token swap (need not do anything, trade freely)
After successful migration and swap- TRX deposits and withdrawals will be resumed.
In case you face any difficult in the entire process, feel free to contact our support for assistance.
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