Namaste Tribe! Elrond (ERD) is listing on WazirX today, and you will be able to buy, sell, trade ERD in our USDT market. We’re also running a Highest Trader Kaun Marathon tomorrow, 1st July and 2nd July 2020.

We’re giving away ₹5,06,000 worth ERD in Highest Trader Kaun Marathon! Share this

What about ERD Deposits & Withdrawals?

ERD is a part of our Rapid Listing Initiative. Hence, we’re starting ERD trading without enabling its deposits and withdrawals. What does it mean for you?

• Deposits — You won’t be able to deposit ERD from another wallet to WazirX
• Trading — You will be able to buy, sell, trade ERD in our USDT market. When you buy ERD, it will appear in your “Funds”
• Withdrawals — You won’t be able to withdraw ERD from your WazirX wallet. You can, however, sell it in the USDT market

Don’t worry, you’ll be able to deposit/withdraw ERD on WazirX very soon. Read more about the Rapid Listing Initiative here.

How can I participate in the contest and win?

Winners will be decided on the basis of the volume and number of ERD traded in our USDT market. Here’s how to qualify:

For volume of trades: Minimum trade volume of ₹5,000 worth of ERD each day

For number of trades: Minimum 50 trades each day

You can participate and win on both days.

When is the contest?

• Wednesday, 1st July: 9 AM — 9 PM IST
• Thursday, 2nd July: 9 AM — 9 PM IST

Click here to invite your friends to participate!

What’s the bounty?

For volume of trades on each day:

• For the highest volume of trades: 104794 ERD (worth ₹40,000)
• For the 2nd highest volume of trades: 78595 ERD (worth ₹30,000)
• For the 3rd highest volume of trades: 55017 ERD (worth ₹21,000)
• For the 4th highest volume of trades: 39297 ERD (worth ₹15,000)
• For the 5th highest volume of trades: 23578 ERD (worth ₹9,000)
• For each of the next top 10 highest volume of trades: 4453 ERD (worth ₹1,700)
• For each of the next top 10 highest volume of trades: 2619 ERD (worth ₹1,000)

Total bounty for volume of trades is ₹2,84,000 worth ERD

For the number of trades on each day:

• For the highest number of trades: 49777 ERD (worth ₹19,000)
• For the 2nd highest number of trades: 36678 ERD (worth ₹14,000)
• For the 3rd highest number of trades: 26198 ERD (worth ₹10,000)
• For the 4th highest number of trades: 13099 ERD (worth ₹5,000)
• For the 5th highest number of trades: 7859 ERD (worth ₹3,000)
• For each of the next top 10 highest number of trades: 3143 ERD (worth ₹1,200)
• For each of the next top 10 highest number of trades: 2357 ERD (worth ₹900)

Total bounty for number of trades is ₹1,44,000 worth ERD

10 lucky traders selected from top 30 traders will win 20434 ERD worth ₹7,800!

Note: Each day, you can qualify for only one category of bounty (volume or number) whichever has a higher value. For example, if you’re the 2nd highest trader in terms of number, and 2nd highest in terms of volume, then you’ll get bounty for the “volume”. Also, self-trading is not allowed.

Take advantage of the contest leaderboard, trade smartly and win!

ERD Trivia

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.

• Trading price (past 24 hrs): $0.005879
• Global Market Cap (past 24 hrs): $56,989,892 USD
• Global Trading Volume (past 24 hrs): $22,468,859 USD
• Circulating Supply: 9,693,844,335 ERD
• Total Supply: 19,999,999,900 ERD

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Happy Trading!

Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.