Tron (TRX) recently revealed their weekly report dating from June 9 to June 15. This comes just 6 days ahead of the launching of the first Tron blockchain genesis block.
The report shared by This Foundation showed attributes such as “work-in-progress” and “work completed”. The report mentioned their community teams, partners and activities, and market transactions, over the week.
Related Article: Tron price rebound just ahead of the token migration
The community activities of Tron included the first programming competition on June 9 which was completed and the results were announced by June 11. It officially launched the ‘coreTronicss call-up’, involving community members to participate in the ecological construction of global community. Their partners include Sesame Seed, ZADEA, DAG (Digital asset group), Binance, Cobo Wallet and Information Infinity Stones.
Tron Market Performance
April was the bullish month for Tron, as the price increased by 260%. Since then the price has only gone down. Tron just experienced slight surge as prices rose above 5.5% over the past 24 hours. When it went down of total 33%, the rise in TRX was experienced almost after 30 days. Currently, Tronix, the token behind Tron is trading at $0.045 per coin and is at number 10 rank in terms of the overall market cap, across the board the market cap is of around $2.98 billion.
The rise has been interestingly noted just before the token migration that is to be taking place from June 21 to June 25. The TRX trading will not be affected during this period. All tokens will be swapped from ERC-20 tokens to official TRX MainNet tokens. Holders will have to send their tokens to exchanges in order to take part in this token swapping process. TRX withdrawals will be reportedly suspended from June 21 to June 25. The deposits will also be suspended on June 25. Both deposits and withdrawals will be starting on June 26.
A mechanical engineer turned journalist, Shekar takes a keen interest in the study and analysis of cryptocurrencies and blockchain strategy. With the cryptocurrency world blooming in the recent days, he finds great interest in monitoring their growth and gathering every possibleA piece of information about them. He works as a crypto-journalist for the website Abitcoinresource.