What is ERD coin?
Elrond (ERD) is a cryptocurrency token and operates on the Binance Coin platform. Elrond eliminates both energy and computational waste from PoW algorithms by implementing a SPoS consensus while using transaction processing parallelism through sharding.
People also ask, what is ERD worth?
ERD value statistics
|Price to USD||$ 0.3779|
|24h volume||$ 8.33 million|
|Market cap||$ 5.10 billion|
|Fully diluted market cap||$ 7.56 billion|
Keeping this in view, what happened to ERD on Binance?
Binance has completed the mainnet token swap from Elrond (ERD) to Elrond Gold (EGLD). All EGLD has been distributed at a rate of 1,000 ERD = 1 EGLD. ... Trading will open for the new EGLD/BNB, EGLD/BTC, EGLD/BUSD and EGLD/USDT trading pairs on 2020/09/03 3:00 AM (UTC).
Is EGLD crypto a good investment?
Is EGLD a good investment? Small overall supply with only 21,2 million tokens planned and 16.9 million already in the market. However, the inflation rate is high at 23.9% (according to Messari.io) which means that the dilution of value an Elrond holder will suffer is pretty high.
If you are looking for virtual currencies with good return, EGLD can be a profitable investment option. Elrond price equal to 164.823 USD at 2021-05-14. If you buy Elrond for 100 dollars today, you will get a total of 0.6067 EGLD.
We've factored this into our consideration, but there are other reasons why a digital token may be included in the list, as well.
- Ethereum (ETH) ...
- Litecoin (LTC) ...
- Cardano (ADA) ...
- Polkadot (DOT) ...
- Bitcoin Cash (BCH) ...
- Stellar (XLM) ...
- Chainlink. ...
- Binance Coin (BNB)
It's not possible to buy Elrond directly on Binance, but you can buy Bitcoin with a credit card or debit card on Binance and then exchange that for Elrond.
The Module Elrond is developing is a new next-generation DeFi 2.0 module that will target the entire community, not just individual enthusiasts, and is built to address the current challenges of the decentralized ecosystem.
You can buy Elrond on most cryptocurrency exchanges or by going direct to the Elrond website, where you can pay with fiat currency. If you choose a crypto exchange, you'll usually need to transfer your money into another cryptocurrency, like Bitcoin or Ether, and use that to by EGLD.
List of all Elrond exchanges where you can buy, sell, trade ERD coin, sorted by trading volume
|Binance||EGLD/USDT||$ 24.57M EGLD 128.32K|
|OKEx||EGLD/USDT||$ 21.67M EGLD 112.83K|
|OKEx||EGLD/BTC||$ 6.55M EGLD 34.06K|
|Binance||EGLD/BTC||$ 6.18M EGLD 32.18K|
Binance has added ARPA, BEL, DUSK and EGLD to the list of supported assets on Savings, a value-added service to Binance users who hold idle digital assets. Subscription Format: First-come, first-served basis.
Swap ratio: 1000 ERD = 1 eGLD.
The conversion rate was set at a 1000:1 ratio, 1000 ERD (old) = 1 EGLD (new). The value of 1 EGLD will be 1000x of 1 ERD. Example: 1 ERD = $0.025, 1 EGLD = $25.