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Elrond Network

Blockchain

A scalable value transfer protocol for the digital economy

Date 02.07.2019 - 02.07.2019

Hardcap 5,200,000 $

Rating

gold

Pay attention

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:

Q3 2019

  • Public testnet launch
  • Launch VM Integration
  • Finalize Elrond Game dApp
  • Finalize Elrond token economics
  • Develop shard adaptivity
  • Develop shard pruning
  • Complete security audit
  • Launch global community PR & marketing
  • Ecosystem expansion: sign 5 MoUs for business partnerships, 1 hackathon

Q4 2019

  • Elrond mainnet launch
  • Initiate token swap and staking
  • Implement functional payment gateway
  • Launch of Elrond dApp store
  • Launch of Elrond name service
  • Ecosystem expansion: sign 10 MoUs for business partnerships, 2 hackathons
  • Launch local community PR & marketing

Token

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.

Team

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.

Ticker

ERD

Token type

BEP2

Token price

0.00065 USD

Available for token sale

44%

Total tokens

20,000,000,000

Accepts in

BNB ,
NEO GLOBAL CAPITAL NEO GLOBAL CAPITAL
Maven 11 Capital Maven 11 Capital
Authorito Capital Authorito Capital
Binance Labs Binance Labs
Electric Capital Electric Capital