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.

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

When is the contest?

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

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)

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)

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.

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

Happy Trading!