Binance, Salvager Of People’s Difficulty Ahead Of TRON (TRX) And EOS (EOS) Mainnet
Knowing your problem in the world of challenges is a massive step, but knowing the solution to it draws you closer to battling your difficulties successfully. It is no more news that the mainnet launch of TRX and EOS is getting closer, and as the countdown continues ticking, your preparation ahead as a user of either of the altcoins really matter, especially if your coin is on MyEtherWallet.
Now is the time to move your wealth off MyEtherWallet to avoid loss after the mainnet launch. But the question here is to where?
The great Binance, an international multi-language cryptocurrency exchange has vowed to assist people in salvaging their coins from loss amidst the mainnet launch.
This was made known in a release issued on the medium page of MyEtherWallet, tagged “How to prepare for the TRX and/or EOS swaps with Binance.”
The statement disclosed that now is the best time to transfer one’s TRX and EOS coin to an exchange that supports swap like Binance so that you can have access to your wealth after the mainnet launch.
The statement, while indicating some of the steps required in transferring one’s coin to Binance, stated that one must first have an account on the exchange, and the address of the account would be used in moving your coin to the new or existing Binance wallet. Once the TRX or EOS coin is transferred, you can rest your back and do nothing when the swap time comes.
Then, Binance will take charge of the rest.
Meanwhile, Tron foundation has made preparations ahead with the hope of launching a virtual machine today, May 25. This Virtual machine will help enhance the transfer of Tron’s dApps for the network system of Ethereum to Tron’s.
TRX And EOS Mainnet Launch
Since TRX and EOS are members of the first ten Cryptocurrency in the table, the mainnet launch of both will see a great change in the crypto space.
While Tron mainnet is slated for May 31, EOS schedules its own mainnet for June 1, and by the dates, the two Cryptocurrency will migrate from ECR20 network for their own ecosystem.
Many observers have weighed in on the migration of the two altcoins, stating that considering the fact that Tron and EOS are two big altcoins in the market, it may be a big blow for Ethereum.
Even though EOS is yet to declare in any statement that it will wage in a big competition with Ethereum after the mainnet while Tron has, the migration will feature moving some key elements of the networks from Ethereum platform.
“From today to the last day, we are no longer the ERC20 token and in the future, we will compete with Ethereum as a DApp platform.”
“We will compete face to face with Ethereum, and we have confidence we will build a large ecosystem; a much large ecosystem than the Ethereum. I will explain to you why we can surpass Ethereum in the future,” Justin Sun averred.
Niyi Adejare Moses Author
Niyi Adejare is a cryptocurrency analyst. He has written many articles on cryptocurrency, technology, and personal development.