Elrond
$0.02183 0.84%
ERD · 1w

New Economics: eGLD Reasoning & Operational Process

***Think about it for a second.*** What if you could have a new economic system with Ethereum-like programmability, internet-like speed & costs, Apple-like UX, and improved Bitcoin-like economics to bootstrap the system to global adoption with unparalleled speed? ​ https://preview.redd.it/vbmvmad7wje51.png?width=1280&format=png&auto=webp&s=d1e59b9470fa1ff3817fff0a518d54135b78a5f9 This is what we've built at Elrond. Incidentally decentralisation properties are a big bonus on top of all that. This is the first complete solution that, we believe, will redefine blockchain, money and open a new economy for hundreds of millions of people around the world. The Elrond to Elrond Gold change proposed yesterday, is the result of a long thought process on how by reasoning from first principles we could build the most robust digital currency that could go beyond the current crypto space, to become a global reserve for the digital economy. **Quick eGLD facts:** • eGLD is the mainnet token, replacing ERD ERC20 & BEP2 • 1eGLD = 1000 ERD • eGLD is not an additional currency, it replaces ERD • Swapping ERD to eGLD begins in 30-60 days • There is no swap currently • Until the swap occurs, trading & buying ERD ERC20 & BEP2 continues like now • Swapping ERD ERC20 & BEP2 will be possible for up to12 months • Binance & other official listing partners will enable the swap • Staked & delegated tokens are minted on the mainnet as eGLD • No action needed at the moment 👉🏻 Read more: [https://elrond.com/blog/new-economics-egld-reasoning-operational-process](https://elrond.com/blog/new-economics-egld-reasoning-operational-process)
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