Lucian Todea
Jul 3 · 3 min read
https://binance.org

We are glad to announce that we have forwarded our listing proposal on the Binance DEX (decentralized exchange) to the community as a BEP2 token on the 2nd of July. On the 3rd of July our proposal was formally accepted by the Binance Chain validator network thus it will be opening an ERD/BNB trading pair on Binance DEX on 2019/07/04 at 8:00 AM UTC, concurrent with the listing of ERD on Binance.com.

As a result of the successful token sale on Binance Launchpad, users will be able to trade Elrond (ERD) both on the Binance exchange and Binance DEX at the same time.

As a celebration of the launch, we will airdrop 77,000,000 Elrond ERD tokens to Binance DEX users in the next 5 days.

All Binance Chain addresses that reach a trading volume of 600,000 or more ERD tokens (this includes buys & sells) on Binance DEX during each full day, while also holding a minimum of 100,000 ERD and 10 BNB in their addresses along the day, will equally share a pool of 15,400,000 ERD tokens. The recorded trading volume on each address will reset daily at 00:00AM.

ERD tokens rewards for each day will be airdropped to qualifying addresses at approximately 06:00 AM (UTC) the following day. This activity will be held each day for 5 consecutive days.

Binance DEX is a decentralized digital asset launched on its native blockchain, Binance Chain, with the aim of empowering community growth and fostering the industry’s long-term vision of peer-to-peer trading.

Promotion Summary:

  • Amount: 15,400,000 ERD per day
  • Duration: 5 Days from 2019/07/04 8:00 AM (UTC) to 2019/07/09 0:00 AM (UTC)
  • Requirements: @Binance Chain address with a trading volume of 600,000 or more #Elrond (ERD) tokens (buy & sell) with at least of 100,000 ERD and 10 BNB held in their address at the end of the day

Notes:

  • The recorded trading volume on each address will reset daily at 0:00AM
  • ERD and BNB balances for each day will be recorded at a random time each day
  • Each full day refers to 0:00 AM to 0:00AM of the next day, a full 24 hours
  • Trading volume refers to total buys and sells (excluding wash trades)
  • Rewards will be automatically airdropped to eligible addresses at approximately 06:00 AM (UTC) each following day

Activity terms & conditions:

  • Binance reserves the right to cancel or amend the Competition or Competition Rules at their sole discretion.
  • Trading volume refers to total buys and sells (excluding wash trades).
  • Binance reserves the right to disqualify addresses which are deemed to be engaging in wash trading or display attributes of market manipulation.
  • Rewards will be automatically airdropped to eligible addresses at approximately 06:00 AM (UTC) each following day.

About Elrond

Elrond is a new blockchain architecture, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 10,000 transactions per second (TPS), with 5-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.

Elrond is built by a team of experienced entrepreneurs along with 13 engineers and researchers with significant technical experience at Microsoft, Google, Intel, NTT DATA, 2 PhDs in CS & AI, multiple math, CS and AI olympiad champions, and blockchain backgrounds, including being previously part of the NEM core team.

For more information, please visit us:

Elrond Network

A scalable value transfer protocol for the digital economy

Lucian Todea

Written by

Co-Founder and COO, Elrond Network.

Elrond Network

A scalable value transfer protocol for the digital economy

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