Tron and Ontology will soon move forward with their mainnet swaps and here is what you need to know

Two recently very popular cryptocurrencies, Tron (TRX) and Ontology (ONT), are moving forward with their token swaps to credit the users with the final coins on the Tron mainnet and Ontology mainnet. Both projects have been very much hyped in the past and account for huge market caps. Now it seems like the waiting is finally over and both will switch to their respective final chains. We will do a short review on these projects and will explain why and how exchanges like Huobi.Pro could help you with the swap.

Tron launched the main network labeled Odyssey 2.0 on the 31rd of May and is currently running as a Beta during June. Those who have not yet swapped out their coins still own an ERC20 token that is running on top of Ethereum's blockchain. The developers are currently promising a network that is similar to Ethereum's according to basic features, but several metrics should overshadow it. 2000 TPS (transactions per sec) and superior scalability for dApps is the basic premise for why people should choose TRX over Ethereum. The transition period should end around the 23rd of June according to official sources.

Ontology is a new high performance blockchain protocol project, which supports the creation of various types of highly customization blockchains that are interconnected with the help of interaction protocols. Ontology offers several features that can be useful in a business environment: custom chains for different use cases, identity verification and authentication for both people and objects, data cooperation framework, credit evaluation logic framework. There are already a few common applications at hand that will support cross-chain communication. The main network for Ontology will launch on the 30th of June and will run until July and ONT currently runs as a NEP-5 token on top of the NEO blockchain.

There are 2 solutions currently that users follow in order for their tokens not to get lost forever as a result of missing swap periods. Even though there is a manual migration possible for ONT, there is no such option available for TRX and the exchange conversion is probably the easiest and most safe way currently to manage both of these. Additional drawback for keeping the coins in one's wallet will be the inability to trade while the swap happens, which can as long as 1-2 weeks possibly as most exchanges will simply disable deposits and withdrawals during this period.

A good option for converting the above mentioned tokens would be Huobi.Pro considering that the Top3 major cryptocurrency exchange has been between the earliest to announce the EOS swap and both of these token swaps as well.

The platform will allow you to swap TRX ERC-20 tokens for native tokens together with the ONT NEP5 tokens with the help of an automatic process in the case you have deposit them in advance. This is more convenient specially in cases where users are less technically adapt and this eliminated the risk of losing tokens or making any other mistake during the process.

Another major positive aspect of using an exchange, which we already mentioned shortly, is the ability to trade tokens during the swap process. Even though swaps take mostly a few days or a week to complete you have to take into consideration the downtime of deposits and withdrawals on these exchanges. These might take a longer time considering that they have to make sure that the networks are stable and are not open to vulnerabilities as there is a lot of money on stake. Image a scenario where there is a vulnerability found and your coin loses half of its value because you couldn't trade with it since it was stuck in a wallet.

So however you decide, keep these dates in mind as after the deadlines are done the network will go on without you.

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