Binance, Cobo and Trade Satoshi to Support TRON (TRX) MainNet Token Swap


CEO of Tron Announces the Support from Binance, Cobo and Trade Satoshi Before and During its MainNet Token Swap

Justin Sun made an announcement today in regard to Cobo’s support during the TRX token swap. This news comes right after yesterday’s, June 11th, 2018, announcement that Binance will also be giving support.

In particular, Tron Labs was quoted on a post made on Medium, suggesting that:

“With this date approaching, today, Cobo announced that it would support the TRON blockchain upgrade and token migration. Investors only need to deposit TRX’s ERC-20 tokens to Cobo before later June in 2018 (UTC+8) and will receive the equivalent TRX token after mainnet launch. No transaction is affected during the migration.”

In addition to Cobo’s support during the token migration, the cryptocurrency multi-asset wallet will also be taking part in TRON’s Super Representative Elections. The election has been scheduled to take place on June 26th, 2018, which will elect 27 super representatives responsible for managing and operating a self-governed community.

This is interesting, as Cobo is one of the most dominant wallets that has an increased capacity in building products that support the blockchain network. It also supports several cryptos including the likes of Bitcoin [BTC], Ethereum [ETH], Tron [TRX], and Binance Coin [BNB] to name a few.

In addition to the news about Cobo’s support, Justin Sun tweeted out Trade Satoshi’s support during its pre-migration stages, which has been scheduled for June 21st, 2018. During this period, users will be able to trade TRX on Trade Satoshi’s exchange.

As for Trade Satoshi’s TRX listing, some of the trading pairs include TRX/BTC, TRX/LTC, TRX/ETH, TRX/USDT and TRX/BCS. Despite the possible excitement and relief TRX holders and followers might have experienced, people do not view Trade Satoshi’s support as valuable.

A crypto fanatic, namely, DigiByteGalaxy commented:

While it is evident that Sun has been working hard in building partnerships and gaining support, many still hold a skeptical stance on the entire TRX project, as the respective token continues to dip with every announcement made. TRX token currently sits at a value of USD$0.04, which dropped by about 1.32%.

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