Elrond Now Live on Mainnet with First App and New ERD Token Model

Elrond, the scalable blockchain that received an early endorsement from Binance, has today launched on mainnet. The project has also announced the launch of Maiar, a user-centric decentralized finance application, along with a new tokenomic model designed to create increased demand and drive value for the ERD token. Elrond concluded a successful IEO via Binance’s Launchpad IEO platform in July 2019. Elrond emerged with the promise of a high-throughput, high-security, and low-cost blockchain platform that aims to provide an alternative to existing financial infrastructure. The principles behind the project are that the current economic model is skewed towards the wealthy, locking out the unbanked, and creating risks such as those that blew up the 2008 global financial crisis. Since the token sale last July, Elrond has been focusing heavily on developing and testing its testnet. The incentivized testnet, running a “Battle of the Nodes” attracted 1500 nodes, demonstrating a peak…

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