Elrond to Swap from ERC20 Token to “eGLD” Coin with 1:1000 Swap Ratio, 1000x Price increase, and 99% Supply Reduction

Elrond-to-Swap-from-ERC20-Token-to-eGLD-Coin-with-1-to-1000-Swap-Ratio-1000x-Price-increase-and-99-Supply-Reduction

Scalable blockchain Elrond has made the leap onto its mainnet and drastically reduced the token supply in the process. As a result the price must also be recalculated and the price of the new coin will be increased by 1000x, making Elrond a $20 coin at present pricing.

Name Price24H (%)
Elrond (ERD)
$0.026016
-3.59%

 

Key Points

  • As part of the transition, Elrond said total token supply had been drastically reduced from 20 billion to just 20 million.
  • Rather than burning tokens, Elrond is using an exchange swap where 1,000 ERD tokens translate into just one (1) token called Elrond Gold (eGLD).
  • The redenomination and recalculation meands the price of the coin must be increased by 1000x upon swap. That means means new eGLD tokens will be worth approximately $24.00 each.
  • Your total stack value/wallet value will be the same.

 

 

 

Elrond Crypto to swap with guranteed 1000 x in price and 90 percent reduction in supply 2
Elrond Crypto to swap with guranteed 1000 x in price and 90 percent reduction in supply 2

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