Binance Completes Tron (TRX) and ICON (ICX) Token Swaps After Unexpected Delay
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 Completes #TRX and #ICX Mainnet Swapshttps://t.co/MnWduD08O0 pic.twitter.com/wVhSq4VKMv
— 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.”
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin or cryptocurrency. Your transfers and trades are at your own risk. Any losses you may incur are your responsibility. Please note that The Daily Hodl participates in affiliate marketing.
Check Out the Latest Headlines
Leave A Comment
You must be logged in to post a comment.