Summary:
Justin Sun and the Tron Foundation have pledged to recognize and honor all Tron based digital assets stuck on OKEx at a one-to-one ratio.
What this means, is that Mr. Sun and the Tron Foundation will compensate TRX, BitTorrent (BTT), Just (JST) and Sun (SUN) investors in the event their funds cannot be accessible permanently on OKEx.
The decision to do so was an independent one from the OKEx exchange and is meant to shield the Tron investor community from the worst-case scenario whereby the aforementioned tokens are stuck forever on OKEx
.If this turns out to be the case, the Tron Foundation has explained that it will compensate investors with its own capital.
TRON Foundation promises permanent unilateral 1:1 acceptance of TRON tokens including TRX, BTT, JST and SUN. TRON Foundation will honor the payments with its own capital without recognition and support from OKEx.
Additionally, the Tron Foundation has clarified that they mean no harm to OKEx and will continue supporting the crypto exchange.
…the decision marks our endeavor to revive the industry from within. For the sake of vast holders of TRON-based tokens including TRX, BTT, JST and SUN, we will always go all out to support OKEx, which is one of the earliest platforms to support both TRON and TRON Futures.
As the project team, we will continue to support the growth of OKEX, and look to the day when it gets back on its feet and restores the glory again. The industry only survives if we unite.
At the time of writing, withdrawals at OKEx are still suspended as per the following tweet by the team at the exchange. This means that it has been over two weeks of waiting for traders and investors who use the OKEx exchange.