A mainnet swap, or a token migration, takes place when a cryptocurrency blockchain migrates from a third-party platform to its own native blockchain network. Gradually, previously issued cryptocurrency tokens are replaced with newly issued tokens that are running on their own blockchain platform. Note that token migration isn’t exclusively associated with the launch of a new blockchain. It also takes place in situations where projects simply move from one third-party protocol to another. With that said, let’s take a deep dive into the Tron swap.
What is Tron Swap?
Tron swap is the transition of TRON from the Ethereum blockchain to its own blockchain network. Simply put, the Tron TRX token is transitioning from an ERC20 standard to a brand new TRX coin. The Tron swap began on 31 May 2018 when TRON started migrating from the Ethereum network to its own mainnet. Between June 21st to June 24th, 2018, what is identified as the ‘token swap’ took place. Basically, old ERC20 tokens were swapped out for new mainnet TRON TRX coins. The new TRON mainnet officially went live on 25th June 2018.
How to swap TRON (TRX)?
Tron swap takes place through exchanges. As a TRON TRX holder, you need to ensure that your coins are being held in any of the participating exchanges before the deadline. The exchange platforms swap out the old tokens for the new ones automatically. Usually, Tron issues a list of participating exchanges on their official website to help holders get their tokens swapped out. In any instance where your preferred exchange doesn’t show up on the list, the best procedure is to get in touch with them and find out whether they will be involved. However, nowadays, all the exchanges should have already adopted the mainnet version of the TRX coin.
As usual, there is always the off chance that you may miss the deadline for one reason or another. TRON intended to operate a token exchange counter even after the mainnet launched. Therefore, you will still be able to conduct a TRON swap from the old ERC20 tokens to the new TRX tokens. It’s not clear as to whether the swap will happen in a 1:1 ratio or there will be fees charged. However, it’s safe to say that it will probably be easy to make the swap via an exchange.
Why swap TRON on Swapzone?
Swapzone is the best place to swap Tron. For starters, Swapzone provides you with all the tools you need to make sure that you make the right kind of swap. For instance, it’s not necessary for you to register an account on Swapzone to conduct any kind of token swap. Neither are there any KYC or AML procedures to follow. Simply enter the amount and type of cryptocurrency that you wish to swap for TRX and follow a series of simple steps. Not to mention, Swapzone maintains a high rating on the popular rating platform TrustPilot.
What are the popular TRX pairs?
Fortunately, most exchange platforms have added support for TRX along with several of its trading pairs. Some of the most popular TRX trading pairs include:
Tron Swap: Should I Exchange BTC to TRX?
There is no doubt that Bitcoin is the granddad of all cryptocurrencies in the market. For starters, it has the largest market capitalization along with the largest value in terms of price. However, when it comes to use, Bitcoin is highly limited. For starters, it’s not widely accepted. Therefore, it puts a limit on where you can spend your Bitcoins. Here are several reasons why you should convert BTC to TRX:
- Bitcoin’s value is extremely volatile as it changes constantly and rapidly.
- Bitcoin transaction fees are at an all-time high. The average transaction cost of sending Bitcoin currently stands at $59.87.
- Tron makes use of a delegated proof-of-stake (DPoS) consensus mechanism whereby network validators are changed every 6 hours. Therefore, Tron’s security measures are much higher.
- The TRON network allows for the building and deployment of dApps on its network.
- TRON TRX is very affordable compared to BTC.
Tron Swap: Should I Exchange ETH to TRX?
There is a definite confusion that comes with whether you should convert ETH to TRX. Both Ethereum and Tron are open-source token development platforms and are both smart-contract based crypto tokens. They also do support P2P decentralized applications and all manner of dApp platforms. However, when it comes to whether you should exchange ETH to TRX, here are several reasons why you should do it:
- Tron offers a higher transaction speed than Ethereum.
- Tron blockchain is more scalable and reliable than Ethereum’s blockchain. It has a higher processing speed.
- Tron blockchain is considered more advanced than the Ethereum blockchain.
- TRX blockchain empowers content creators such as artists or game developers, therefore, offering and providing true value to their workflow.
How to exchange BTC to TRX on Swapzone?
Now that you’re acquainted with all the info about Tron swap from various angles, you would probably want to try it out yourself. You’re in the right place because Swapzone can help you exchange BTC to TRX at the best rate, without hidden fees, KYC and registration.
Just follow the step below to complete your Tron swap:
Step 1. Launch Swapzone on your computer.
Step 2. Locate the “select pair” tab and insert Bitcoins in the “send” section. Make sure that you also include the number of Bitcoins that you are willing to exchange for TRX.
Step 3. In the “get up to” section, choose Tron.
Step 4. Once you enter these details, Swapzone will present you with a list of different exchange rate offers from different exchange platforms. Once you locate an offer that you want, click on “exchange” to proceed to the next step.
Step 5. Swapzone will require you to provide a wallet address that you wish your TRX coins to be sent to. You will also need to provide an additional address to cater for refunds along with your email address (which is optional).
Step 6. After you’ve entered all this information, click on “proceed to exchange” to start the exchange process.
Step 7. The exchange partner you have chosen will receive your Bitcoins and will convert them to TRX. The process may take a moment, so be a little patient.
Step 8. Once the process finalizes, you will receive Tron TRX into your wallet. That’s it, your Tron swap is complete!
Step 9. Please, take a moment to rate the exchange partner and leave an honest review for us to understand how your Tron swap went.