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Token ‘migration’ will take place between June 21 and June 24, during which investors will be able to exchange their ERC-20 standard tokens on crypto exchanges for an equivalent number of TRX on the new blockchain.

The move to an independent network will test TRON’s claims as a competitor to Ethereum in providing a basic-layer public blockchain platform that supports decentralized application (dApp) development. The new Java-based MainNet uses a Proof-of-Stake (PoS) consensus algorithm.

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