Table of Contents
What makes EGLD special?
Elrond’s cryptocurrency, EGLD, plays a key role in maintaining its network and can be used for sending, rewarding network contributors, and running smart contracts. By owning and staking EGLD, users gain the ability to vote on network upgrades and are rewarded with newly minted EGL, proportional to the amount staked.
What is EGLD crypto used for?
EGLD or eGold is the native token of the Elrond blockchain and is used for staking and rewarding validators and for paying network fees. The token is used by all the users on the Elrond network to send transactions, interact with applications and incentivize participants who are supporting the network.
How many eGLD coin are there?
31,415,926
How Many Elrond (EGLD) Coins Are There in Circulation? The Elrond economic model has a limited supply that starts at 20,000,000 EGLD, with new tokens minted to reward network validators. The maximum supply can never exceed 31,415,926 EGLD, but this number will decrease as more transactions are processed.
How good is Elrond?
At launch, the Elrond mainnet ran at 15,000 TPS. Its scalability has been proven in a public testnet with 50 shards that run at 263,000 TPS – 10 times more than the international payment system, Visa, which can process up to 25,000 transactions each second, and a 10,000x improvement from Ethereum 1.0’s 20TPS.
Is staking Elrond safe?
Staking on Elrond is a very safe process. Elrond staking is a completely non-custodial process, meaning the user is 100\% in control of their EGLD at all times. The Staking Providers use delegation smart contracts that are always forked from the audited and 100\% secure Elrond Staking Smart Contract.
How much do you make staking Elrond?
EGLD Staking Calculator
| Daily Rewards | 0.17 EGLD | 51.69 $ |
|---|---|---|
| Monthly Rewards | 5.32 EGLD | 1,572.30 $ |
| Yearly Rewards | 63.80 EGLD | 18,867.57 $ |
How do I get Elrond gold?
Welcome to Elrond!
- Get a wallet. Before buying you need an Elrond address. You can create an Elrond wallet and address at https://wallet.elrond.com.
- Purchase EGLD. You can easily purchase EGLD with a card or bank transfer.
- Stake your EGLD. Receive up to 29\% APY rewards for staking and securing the Elrond network.
How many Elrond (EGLD) coins are there?
It has a circulating supply of 19,439,705 EGLD coins and a max. supply of 31,415,926 EGLD coins. If you would like to know where to buy Elrond, the top exchanges for trading in Elrond are currently Binance, OKEx, FTX, Crypto.com Exchange, and HitBTC. You can find others listed on our crypto exchanges page. What Is Elrond (EGLD)?
Is delelrond (ELRD) down 3\% in the last 24 hours?
Elrond is down 3.63\% in the last 24 hours. The current CoinMarketCap ranking is #49, with a live market cap of $1,610,114,616 USD. It has a circulating supply of 19,076,489 EGLD coins and a max. supply of 31,415,926 EGLD coins.
What is the Elrond project?
Elrond was founded back in January 2020. never released their source code, which makes it an intransparent and hidden project with no guarantee that their product works or is being developed. Organization wise, Elronds Development is and is being developed under the lead of Lucian Mincu .
What is the Elrond Google Trends chart?
The Google Trends chart displays the search interest on google in Elrond relative to its peak over the last year. A rising chart shows growing interest int he project. Elrond is not open source and can therefore not be analyzed. This will automatically give Elrond a rating of 1 as a penalty for not being open-source.