homepostsWhat is ERD coin?

What is ERD coin?

Kevin VoigtNov 15, 2021

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.

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People also ask, what is ERD worth?

ERD value statistics

Price to USD$ 0.3779
Rank39
24h volume$ 8.33 million
Market cap$ 5.10 billion
Fully diluted market cap$ 7.56 billion
Beside above, how do I get an ERD coin? EGLD can be purchased on cryptocurrency exchanges such as Binance, OKEx, Bitfinex and BitMax. It can be traded against fiat currencies such as the U.S. dollar and Indonesian rupiah, cryptocurrencies such as Bitcoin (BTC) and Binance Coin (BNB), and stablecoins such as Tether (USDT) and Binance USD (BUSD).

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.

Is EGLD a good investment?

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.

What's the best crypto to buy?

We've factored this into our consideration, but there are other reasons why a digital token may be included in the list, as well.

  1. Ethereum (ETH) ...
  2. Litecoin (LTC) ...
  3. Cardano (ADA) ...
  4. Polkadot (DOT) ...
  5. Bitcoin Cash (BCH) ...
  6. Stellar (XLM) ...
  7. Chainlink. ...
  8. Binance Coin (BNB)

Can I buy Elrond on Binance?

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.

Is Elrond a DeFi?

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.

How you can buy Elrond?

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.

Where can I trade in ERD?

List of all Elrond exchanges where you can buy, sell, trade ERD coin, sorted by trading volume

1BinanceERD/USDT
2BinanceERD/BNB
3BinanceERD/BTC
4BinanceERD/PAX
5BinanceERD/USDC

Where can I trade in EGLD?

Elrond Markets

ExchangePairVolume (24h)
BinanceEGLD/USDT$ 24.57M EGLD 128.32K
OKExEGLD/USDT$ 21.67M EGLD 112.83K
OKExEGLD/BTC$ 6.55M EGLD 34.06K
BinanceEGLD/BTC$ 6.18M EGLD 32.18K

Can I stake EGLD on Binance?

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.

What will the swap ratio of ERD EGLD be?

Swap ratio: 1000 ERD = 1 eGLD.

How do I switch from EGLD to ERD?

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.

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About The Author

Kevin Voigt

Kevin is an Entrepreneur, Digital Nomad, Student, and ICO Marketing Manager currently based in Berlin & Champaign. He is actively involved in the Blockchain space and has worked in numerous projects in the Silicon Valley since 2017. His interests revolve around Finance, Consulting, and Blockchain Research.

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