Binance has officially finished engineering its Tron and ICON token swaps on behalf of its customers.
All ERC20 TRX and ICX tokens have now been transferred over to their new respective blockchains. The completion of the Tron token swap was highly anticipated by investors who want to use their coins to vote on which super representatives will power the network. For both coins, deposits and withdrawals are now open.
— Binance (@binance) July 10, 2018
Tron released an official statement explaining the delay, saying Binance decided to be extra cautious to ensure everything went smoothly.
“Binance have much stricter security requirements than other exchanges and rigerously conduct tests until deem the chains to be in stable and secure states.
Take into consideration that there are a couple of swaps being done in the same time, as projects decided to move to their own blockchains in the second half of June and at the end of June.
Speaking of TRON, Binance is responsible for ~19 billions TRX (1/5 of total supply) thus that’s why we have to be 100% sure that everything will go well.
Thank you for your patience and support.”