DragonEx Exchange Will Support TRON's TRX Token Migration on June 21st

The decentralized entertainment content sharing platform led by Justin Sun will be migrating TRX ERC-20 tokens to TRON's mainnet on June 21st, 2018.

On Wednesday, Justin Sun announced that DragonEx will be supporting the token migration, alongside Binance, Bittrex, and Bitfinex.

Those who wish to migrate their tokens with DragonEx must deposit their ERC-20 TRX tokens to the DragonEx exchange before June 20, 2018, 23:59.

On June 26th, DragonEx will issue the equivalent amount of TRON mainnet tokens to those who deposited their TRX ERC-20 tokens before the June 21st deadline.

DragonEx is a Singapore-based cryptocurrency exchange - on May 15th they launched an English version of their site to expand their user base.

TRON's price has continued to rise in anticipation of the mainnet launch and even with the recent market downturn, it is still up 1.21% over the past week.

In January 2018, TRX increased significantly seemingly out of nowhere, trading from $0.03 to $0.29 in just over one week - afterward, the market quickly corrected itself and TRX plummetted back down to $0.03.

This time around TRX has steadily worked its way back up to its current value of $0.07.

Despite the bear market, TRX seems to be doing well.

Named Odyssey 2.0, the mainnet will be officially launched on May 31st. The announcement highlighted numerous advancements that will improve the network, giving TRON the edge it needs to compete with Ethereum.