A scalable value transfer protocol for the digital economy
There was a lottery on Binance. Number of winning tickets - 10,833. Totally there were nearly 98,000 tickets participated. Chance of winning was ~11%. Winner in the lottery had a chance to invest 300 USD in Elrond. After listing on Binance ERD peaked at 50x price and stabilize at 13x. If you want to know more about Elrond please look at Elrond research report from Binance.
Elrond is a high-throughput public blockchain focused on providing security, efficiency, scalability, and interoperability by employing two key elements: Adaptive State Sharding and a new Secure Proof of Stake ("SPoS") consensus mechanism.
Elrond's testnet is already live and can process upwards of 10K TPS, with 5-second latency and minimal cost (based on 5 shards). The Project aims to be a platform for easy deployment of programmable money and dApps, thus becoming the backbone of an open, permissionless, borderless, globally accessible internet economy.
Team has a very strong roadmap:
The Elrond token (ERD)'s uses include, but are not limited to: payment for transaction fees and payment for the cost of deploying dApps on the network and rewards for various contributions to the network.
Elrond is built by a team of entrepreneurs, engineers and researchers with technical experience at Google, Microsoft, Intel, NTT, a PhD in Computer Science ("CS"), and blockchain backgrounds, including being previously part of the NEM core team.
Available for token sale