2018-6-22 02:24 |
The project, which started on the ethereum blockchain and launched its own blockchain in late May, has positioned itself as a competitor to its former host.
As such, the token migration is an intermediary step in what Tron has called its progression towards “independence,” or in other words, the completion of its departure from ethereum and the activation of its mainnet technology.
Though the token migration is now a key part of the realization of Tron’s technology, the original iteration of the project’s roadmap did not include a token swap, much less the launch of non-ethereum-based Tron mainnet.
Implications for token holders
For token holders, the swap merely means that the placeholder ERC-20 TRX tokens Tron distributed during its development phase will be switched out for native “TRON-20” TRX tokens.
According to Tron, the completion of the token migration on June 25 will mark the point at which the Tron mainnet will become “fully independent” from the ethereum blockchain.
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