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CryptoPotato score

unrated

Elrond Network

A Highly Scalable Public Blockchain via Adaptive State Sharding and Secure Proof of Stake. Elrond, a novel architecture which goes beyond the state of the art by introducing a genuine state sharding scheme for practical scalability, eliminating energy and computational waste while ensuring distributed fairness through a Secure Proof of Stake (SPoS) consensus.
Eliminating the need for any trusted third party, hence removing any single point of failure. Allowing secure transactions and preventing any attacks based on known attack vectors. - Enabling the network to achieve a performance at least equal to the centralized counterpart, as measured in TPS. Performing all network services with minimal energy and computational requirements. Ensuring a competitive cost for data storage and bootstrapping. - Enforced by design, permitting unlimited communication between external services.
Token will be used for payments, transactions and for utility purposes.

IEO Ended

02 Jul 2019

Total Hardcap
$3,250,000

Token: ERD

Token type: BEP2

ICO price: 1 ERD = $0.00065 USD

Finite token number: 20,000,000,000,000 ERD

Token Allocation: 30% Private sale, 20% Team, 15% Company reserves, 12.5% Pre-sale, 12.5 Public sale, 5% Partnerships and incentive programs, 5% Advisors

Availability: Binance allowed countries can participate

Status: Whitepaper is ready.

Accepted currencies: BNB

IEO on Binance Launchpad
No Lockup

Date: Jul 1 - Jul 2
25% of Total Token Supply: 5,000,000,000 ERD (~$3,250,000 USD)
Price: 1 ERD = $0.00065 USD
Allocation per Winning Ticket: $300 USD

Private Sale
Lockup: 7.5% unlocked at TGE, remaining 92.5% unlocks at 15.42% every quarter afterwards

Date: Undisclosed
Cap: 19% of Total Token Supply
Price: 1 ERD = 0.00050 USD

Team Members

Elrond Team

Beniamin Mincu

CEO

Elrond Team

Lucian Todea

COO

Elrond Team

Lucian Mincu

CIO

Elrond Team

Felix Crisan

Head of Research

Elrond Team

Adrian Dobrita

Head of Engineering

Elrond Team

Radu Chis

Head of Technology

Advisory board

Elrond Team
Partner at zk Capital

Raul E. Jordan

Advisor

Elrond Team
Co-founder at NEX and City of Zion foundation

Fabio Cesar Canesin

Advisor

Elrond Team
Co-founder at NEX and City of Zion foundation

Ethan Fast

Advisor

Elrond Team

Alex Iskold

Advisor

Elrond Team
Co-author of the economics blog Marginal Revolution

Alex Tabarrok

Advisor

Elrond Team

Andrei Pitis

Advisor

Investors

binancelogowhite-Electric capital logoNGC Logo

Partners

Nash LogoTyping DNA LogoSmartbill LogoDSRL LogoNetopia Payments Logo

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