In a massive update, Tron Foundation has announced to honour TRX, BTT, JST and SUN tokens to the holders, whose tokens are stuck up at Okex exchange.
The foundation also promised a permanent unilateral 1:1 acceptance of TRON tokens.
Tron Assists Holders to Recover From Losses
The suspension of withdrawals from Okex exchange has however worried many in the crypto space. It’s more than 15 days, the withdrawals have not been resumed yet. To console the panic holders to some extent, Tron foundation announced to award Tron tokens which are jammed at Okex exchange at its own cost.
In a series of tweet, the CEO of Tron, Justin Sun passed the message to the entire crypto community.
“Tronfoundation promises permanent unilateral 1:1 acceptance of TRON tokens: $TRX, $BTT, $JST and $SUN,” wrote the CEO
The decision of permanently recognizing and honouring Tron tokens, TRX, BTT, JST, and SUN at 1:1 on Okex was considered to help holders to recover from their losses.
Okex Has Nothing to Do With the Decision!
Following the consideration of awarding tokens, the CEO also made it very clear that this decision is not in collaboration with Okex exchange as in the earlier announcement. Initially, on Oct 20, 2020, Tron foundation and Justin Sun had announced to give the user access to unlimited 1:1 withdrawal of TRX on Okex which it suspended after couple of days.
In fact, the announcement further said that the tokens will be honoured to the holders, no matter where the current assets on Okex will land up. Moreover, the tokens will be awarded without Okex support.
Sun further noted that the foundation will closely monitor the development of the situation and also try to protect the TRX community. A message was also been put up to the TRX community which said,
“No matter how helpless or desparate you might be in the event of any threat to your holdings, please bear in mind that you are backed by a powerful and responsible team, who will make every endeavour to protect your interest,”
The Tron Foundation also extended their full support towards the Okex exchange and hoped a speedy comeback of the exchange with glory!!