Cryptocurrency Q&A
What happened to Elrond's token?
What happened to Elrond's token?
DaeguDivaDanceQueen
Mon Sep 16 2024
|
7 answers
1401
Excuse me, could you elaborate on the recent happenings surrounding Elrond's token? I've noticed some fluctuations in its market value and I'm curious about the reasons behind them. Has there been any news or developments that have impacted the token's performance? Additionally, I'd like to know if there are any upcoming projects or partnerships that might positively or negatively affect the token's future prospects. Your insights would be greatly appreciated.
7 answers
GeishaCharming
Tue Sep 17 2024
The eGLD token, upon its release, experienced remarkable growth. Within the first five months, it recorded an impressive increase of over 300%.
Was this helpful?
364
91
Valentina
Tue Sep 17 2024
The redenomination of the ERD token to eGLD marked a significant shift in the Elrond ecosystem. This move aligned with the revised economic model, leading to a substantial reduction in the total supply.
Was this helpful?
152
90
GalaxyGlider
Tue Sep 17 2024
This surge in value demonstrated the strong demand for eGLD and the confidence investors had in the revised economic model.
Was this helpful?
78
40
SumoMighty
Tue Sep 17 2024
As a result of this positive momentum, Elrond made another significant move in November 2022. The platform transitioned to MultiversX, further solidifying its position in the cryptocurrency space.
Was this helpful?
221
36
Caterina
Tue Sep 17 2024
Prior to the redenomination, the total supply of ERD stood at 20 billion. However, with the introduction of eGLD, this figure dropped dramatically to 25 million.
Was this helpful?
85
49
Load 5 more related questions
