As the launch of Justin Sun-led Tron’s mainnet is approaching, the cryptocurrency exchange Gate.io has announced the suspension of withdrawal and deposit of Tron’s native token – TRX – from 25th June.
The exchange further detailed that asset swap will be done at a ratio of 1:1 for all TRX token holders.
Time to buy the dip?
#TRON Independence Day Countdown: 4 days, 22 hours, 39 minutes, 35 seconds! #TRONSR $TRX #TRX
— Justin Sun (@justinsuntron) June 20, 2018
The anticipation of Tron’s 25th June mainnet activation among the community has significantly affected the market as TRX token is maintaining a bullish momentum in a downward inclined market. The coin appreciated 1.5 percent in last 24 hours, while in the same period the entire market capitalization went down by more than 10 percent, as per coinmarketcap.com. On the weekly chart, Tron appreciated is 12.4 percent, a massive figure compared to Bitcoin’s 1.8 percent.
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Gate.io has also migrated ERC20 EOS token to the mainnet assets amid the launch of its mainnet a week ago. After EOS withdrawal and deposit freeze on 12th June, the exchange resumed the services today. It also participated in EOS’s mainnet activation voting process as it holds 2 to 3 percent of all circulating EOS tokens.
https://t.co/tEtOTJxaQA has swapped EOS ERC20 to mainnet for all users. The mainnet EOS deposit and withdrawal has been enabled. Deposit EOS at https://t.co/8U2x7SAiPM and Trade EOS at https://t.co/VravIHLEUb and https://t.co/GkwtQDwdPw . Follow us @gate_io to get updated.
— gate.io Exchange (@gate_io) June 19, 2018
Moreover, EOS is one of the leading assets of the exchange as it registers around 15 percent of its trading volume from EOS trades – more than 12.5 percent in last 24 hours. TRX also holds a substantial amount with more than 3 percent in last 24 hours.
Gate.io is Cayman Island-registered exchange and provides more than 300 trading pair options to its customers. Most of the coins are listed against USDT. However, it also provides options against BTC and ETH and a hand-full against QTUM.