TRON [TRX]’s Justin Sun announces again! Binance, Cobo, who next? $TRX

Justin Sun, the founder of the TRON Foundation, tweeted about another support that they received for their blockchain upgrade and token migration, from Cobo, a cryptocurrency wallet.

Tron labs, on Medium, said:

“With this date approaching, today, Cobo announced that it would support the TRON blockchain upgrade and token migration. Investors only need to deposit TRX’s ERC-20 tokens to Cobo before later June in 2018 (UTC+8) and will receive the equivalent TRX token after mainnet launch. No transaction is affected during the migration.”

Additionally, Cobo wallet is also participating in TRON’s Super Representative Elections.

Justin Sun's Tweet about Cobo alliance. Source: Twitter

Justin Sun’s Tweet about Cobo alliance. Source: Twitter

Cobo wallet is a cryptocurrency wallet structuring out products for the blockchain ecosystem with the support for most major cryptocurrencies. Shenyu is the co-founder of Cobo wallet, who started one of the biggest integrated mining pools in the world — F2pool, and Changhao Jiang, previously the CEO of Bihang (acquired by OKCoin) and also an early Facebook senior research scientist from the year 2008 to 2012.

With Cobo wallet, one can send and receive over 20 cryptocurrencies including BTC, ETH, EOS, XRP, BCH, LTC, ZEC, DASH, and OMG. The main focus for Cobo wallet is security in creating their storage application. Cobo states that their wallet is safe and secure in both hot and cold wallet conditions. Hot wallets are connected to the internet and cold wallets are not. Another attribute of Cobo is the versatility of its algorithm for holding different forms of currency.

On June 11th, Justin Sun also announced their alliance with Binance. Binance’s official website read:

“Binance will support the Tron (TRX) Mainnet Token Swap and will suspend withdrawals for Tron (TRX) starting from 2018/06/24 0:00 AM (UTC). Binance will handle all technical requirements involved for all users holding TRX.”

Fritz von Fingerhoff, a Twitter user commented:

“How about HitBTC ?”

TRON's trade history. Source: CoinMartketCap

TRON’s trade history. Source: CoinMartketCap

TRON currently has a market cap of $3,097 billion, trading at $0.047. It has seen a downfall of -1.75% over the past 24 hours.

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