Elrond listed on Binance-backed Indian Exchange WazirX
We’re happy to announce that our new exchange partners WazirX will list Elrond! The $ERD/$USDT pair will be live today Tuesday 30 June at 13:30 UTC.
WazirX is India’s fastest growing exchange, with 600 000 users already and a member of the Binance ecosystem, which enables cool features such as “Login via Binance” option. It is a fiat on/off-ramp platform for the local INR currency and has an automated matching engine for P2P trading, putting traders into direct contact with one another.
WazirX users will be able to buy, own and trade ERD on the Exchange immediately, with deposits and withdrawals to be made available after our imminent mainnet launch.
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.
About WazirX
Launched in 2018, WazirX is India’s fastest growing cryptocurrency exchange with almost 600,000 users. WazirX is a part of the Binance ecosystem, and available for a global audience. Key features include:
- Instant INR (fiat) deposit and withdrawal options
- Smart Token Fund to help crypto investors find expert traders, and let them manage their cryptocurrency portfolio
- World’s first auto-matching P2P engine with high liquidity
- 80+ tokens
- Login via Binance option
WazirX has a native utility token called WRX. WazirX and WRX are backed by Indian entrepreneurs with over 10 years of experience in building and scaling global products out of India. WazirX was acquired by Binance in November 2019. The goal of WazirX is to make crypto accessible to everyone in India.
