Elrond Token Sale Details On Binance Launchpad – How To Join And Buy Elrond (ERD) Token?

Elrond Token Sale Details On Binance Launchpad - How To Join And Buy Elrond (ERD) Token?

Elrond Token Sale Details On Binance Launchpad – How To Join And Buy Elrond (ERD) Token?

Tutorial Of Registration And Verification On Binance Exchange – Click HERE  

About Elrond (ERD)

What is Elrond (ERD)?

Elrond is a complete rethinking of public blockchain infrastructure, specifically designed to be secure, efficient, scalable and interoperable. Elrond’s main contribution rests on two cornerstone building blocks:

– A genuine State Sharding approach: effectively partitioning the chain state into multiple shards, handled in parallel by different participating validators;

– Secure Proof of Stake consensus mechanism: an improved variation of Proof of Stake (PoS) that ensures long term security and distributed fairness, while eliminating the need for energy intensive PoW algorithms.

Technological ideas

– Elrond is a high-throughput public blockchain aimed at providing security, efficiency, scalability, and interoperability via Adaptive State Sharding and a Secure Proof of Stake 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.

Key Features And Highlights

– State sharding (transaction, data & network sharding); adaptivity through shard merges and shard splits

– Consensus in two communication rounds with modified Boneh–Lynn–Shacham (“BLS”) multi-signatures

– High resiliency to malicious attacks due to intra and cross shard node reshuffling

– Secure randomness beacon with BLS signing

– Smart contracts on a state sharded architecture with balanced load on shards

– Fast finality for cross shard transactions (seconds)

Elrond Roadmap

Elrond Teams

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.

Elrond Advisors

Investors In Elrond

On June 19th 2019, Elrond has announced the closure of its private round investment, raising $1.9 million from Binance Labs, Electric Capital, NGC Partners, Maven 11, and Authorito Capital. The round also included contributions from angel investors in the UK, India, Israel, Asia, and the European Union.

Elrond (ERD) Token Information

Token Name: Elrond (ERD)

– Ticker: ERD

– Token type: BEP2 (will be issued on Binance Chain as a BEP2 asset)

– Total Token Supply: 20,000,000,000 ERD

– ERD Token Distribution:

+ Private sale tokens comprise 19% of total supply.

+ Launchpad sale tokens comprise 25% of total supply.

+ Team tokens comprise 19% of total supply.

+ Reserve tokens comprise 17% of total supply.

+ Advisors received 2.5% of total supply.

+ Ecosystem Rewards tokens comprise 7% of total supply.

+ Marketing tokens comprise 8.5% of total supply.

+ Community tokens comprise 2% of total supply.

Elrond Token Sale Details On Binance Launchpad - How To Join And Buy Elrond (ERD) Token?

Video Of Introducing Elrond:

Elrond Token Sale Details On Binance Launchpad – How To Join And Buy Elrond (ERD) Token?

For More Information At:

Website: https://elrond.com

Whitepaper:  https://elrond.com/files/Elrond_Whitepaper_EN.pdf

Social Media:

– Telegram group:  https://t.me/ElrondNetwork

– Twitter channel:  https://twitter.com/elrondnetwork

– Medium:  https://medium.com/elrondnetwork

– Facebook: https://www.facebook.com/ElrondNetwork

Elrond (ERD) Token Sale Details

Private Sale: Completed in April and May 2019 and raised a total of ~$1.9 million at ~$0.00050 per token, selling 3,800,000,000 ERD (22.4% of total token supply).

Binance Launchpad Sale:

– Launchpad Ticket Claim Time: 2019/07/01 06:00 AM (UTC) to 2019/07/02 06:00 AM (UTC).

– Hard Cap: $3,250,000

– Total Token Supply: 20,000,000,000 ERD

– Total Tokens Allocated to Binance Launchpad: 5,000,000,000 ERD (25% of Total Token Supply)

– Public Sale Token Price: 1 ERD = $0.00065 (price in BNB will be determined prior to the lottery draw date)

– Token Sale Format: Lottery

– Max Number of Winning Lottery Tickets: 10,833

– Allocation Per Winning Ticket: $300 (461,538.46 ERD)

– Maximum of Ticket for each user: 5 Ticket ($1,500)

– Supported Sessions: Binance Coin (BNB) only

How To Join And Buy Elrond (ERD) Token?

Here’s a step-by-step guide on how to participate in Elrond Token Sale on Binance Launchpad

Step 1: Register And Verify Account On Binance Exchange: This is to ensure that token sales are being done in compliance with regulatory requirements in users’ jurisdictions.

Tutorial Of Registration And Verification On Binance Exchange – Click Here 

Step 2: Elrond Token Sale Rules 

The Elrond token sale will follow a lottery format, with the recording of user Binance Coin (BNB) balances starting from 2019/06/22 00:00 AM (UTC).

To buy and hold  Binance Coin (BNB): Please see tutorial at Binance Exchange Tutorial

Lottery Rules

Binance will calculate the average daily BNB holding amount on each account over the holding period. BNB balances will be recorded at a random time each day, over the 9-day period.

An example of the average BNB holdings calculation for each user is below.

Snapshot #BNB Balance (recorded at a random time each day)
Snapshot 1100 BNB
Snapshot 2100 BNB
Snapshot 3100 BNB
Snapshot 4100 BNB
Snapshot 550 BNB
Snapshot 650 BNB
Snapshot 750 BNB
Snapshot 850 BNB
Snapshot 950 BNB
Average BNB Calculation(100 + 100 + 100 + 100 + 50 + 50 + 50 + 50
+ 50) / 9 = 72.2 BNB
Total Eligible Ticket(s)1 Ticket

Lottery Ticket Allocation

Users will be able to claim up to a maximum of 5 lottery tickets based on their daily average BNB holdings over the 9 days (represented by X below) leading up to the lottery draw date.

9-Day Average BNB balance (X)No. of Lottery Tickets
50 ≤  X < 2001
200 ≤  X < 3002
300 ≤  X < 4003
400 ≤  X < 5004
X ≥ 5005

Lottery Timeline

– From 2019/06/22 00:00 AM (UTC) to 2019/07/01 00:00 AM (UTC): During this period, user BNB balances will be recorded at a random time each day over a 9-day period. Your final average daily BNB balance over these 9 days will determine the number of tickets that you will able to claim. Please note that BNB stored in your margin account will not count towards your BNB holdings calculation.

– On 2019/07/01 06:00 AM (UTC): Ticket claim will open at this time for all eligible users for a 24 hour period. Users must also sign the Token Purchase Agreement at the same time, prior to completing the ticket claim. Please note users will only be able to claim tickets once.

– On 2019/07/02 06:00 AM (UTC): Ticket claim closes and the lottery draw begins.

– On 2019/07/02 08:00 AM (UTC): Winning tickets are announced and the respective BNB will be deducted from the winning users’ accounts. Please ensure you have sufficient BNB in your account to deduct be deducted within 24 hours if you have a winning ticket.

Step 3: Buy Elrond (ERD) Token

– Login Your Binance account and go to the Binance Launchpad page to find the Elrond project

Elrond Token Sale Details On Binance Launchpad - How To Join And Buy Elrond (ERD) Token?

– Go to the Elrond  project page: Each Launchpad project requires a separate Token Purchase Agreement to be signed by each use

– On 2019/07/01 06:00 AM (UTC): Ticket claim will open at this time for all eligible users for a 24 hour period. Users must also sign the Token Purchase Agreement at the same time, prior to completing the ticket claim. Please note users will only be able to claim tickets once.

– On 2019/07/02 08:00 AM (UTC): Winning tickets are announced and the respective BNB will be deducted from the winning users’ accounts. Please ensure you have sufficient BNB in your account to deduct be deducted within 24 hours if you have a winning ticket.

– Click on ‘Ticket Claim History’ at right top corner of page to check Your Lottery Results

Elrond Token Sale Details On Binance Launchpad - How To Join And Buy Elrond (ERD) Token?

– Get Your ERD Tokens soon: Within 15 days after the token sale ends, You will be credited with the respective tokens to Your Binance account.

– You will be able to either directly trade the ERD token on Binance Exchange or withdraw the tokens to Your personal wallet once the tokens are distributed.

* Users from the following countries will not be able to participate in token sales on the Binance Launchpad platform: Afghanistan, Albania, Angola, Azerbaijan, Bahamas, Belarus, Bosnia & Herzegovina, Botswana, Burundi, Cambodia, Cameroon, Central African Republic, Chad,Cuba, Côte d’Ivoire, Democratic Republic of Congo, Eritrea, Ethiopia, Ghana, Guinea, Guinea-Bissau, Haiti, Iran, Iraq, Laos, Lebanon, Liberia, Libya, Macedonia, Madagascar, Mozambique, Myanmar, Nicaragua, North Korea, Pakistan, Serbia, Somalia, South Sudan, SriLanka, Sudan, Syria, Tajikistan, Trinidad and Tobago, Tunisia, Turkmenistan, Uganda, United States of America (including its territories and dependencies, any state of the United States and the District of Columbia), Uzbekistan, Vanuatu, Venezuela, Yemen, Zimbabwe.

Risk warning: Binance Launchpad is a high-risk investment channel. You should be sensible in Your participation and be aware of investment risks. We is not liable for Your investment gains or losses. The information we provide is for You to conduct Your own research. It is not investment advice.

Elrond Token Sale Details On Binance Launchpad – How To Join And Buy Elrond (ERD) Token? – Cryptokiemtien.com
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