About

Elrond is a complete rethinking of public blockchain infrastructure, specifically designed to be secure, efficient, scalable and interoperable. Elrond’s main contribution rests on two cornerstone building blocks: 1) a genuine State Sharding approach: effectively partitioning the chain state into multiple shards, handled in parallel by different participating validators; 2) secure Proof of Stake consensus mechanism: an improved variation of Proof of Stake (PoS) that ensures long term security and distributed fairness, while eliminating the need for energy intensive PoW algorithms. In Elrond the throughput increases linearly with the number of shards in the network. Sharding is a scaling technique inspired by traditional concepts of database optimization. Also known as horizontal partitioning, sharding divides the data into several pieces placed on different environments to be processed. The more validators and shards, the more transactions the network can process. Elrond is performing all network services with minimal energy and computational requirements.

Click to see more

KEY FEATURES

State sharding (transaction, data & network sharding); adaptivity through shard merges and shard splits.

Consensus in two communication rounds with modified BLS multi-signatures.

High resiliency to malicious attacks due to intra and cross shard node reshuffling.

Secure randomness beacon with BLS signing.

Smart contracts on a state sharded architecture with balanced load on shards.

Fast finality for cross shard transactions (seconds).

IEO’s Details

  • GENERAL INFORMATION

  • IEO Platform:

  • IEO Opening Date:

    Jul 2nd, 2019 6:00 am (UTC)

  • IEO Closing Date:

    Jul 2nd, 2019 8:00 am (UTC)

  • Country of Origin:

    Malta

  • TOKEN DETAILS

  • Symbol:

    ERD

  • Blockchain Type:

    BEP2

  • Role of Token:

    Utility

  • Finance Information

  • Public Sale Hard Cap:

    3 250 000 USD

  • Total Token Supply:

    20 000 000 000 ERD

  • Tokens for Public Sale:

    5 000 000 000 ERD (25.0000% of total token supply)

  • Public Sale Token Price:

    1 ERD = 0.00065 USD

  • Public Sale Vesting Period:

    No lockup

  • Token Distribution

    Within 15 days after end of token sale

  • Accepted Currencies

    BNB

  • Token Sale Format

    Lottery

  • Max Number of Winning Lottery Tickets

    10 833

  • Allocation Per Winning Ticket

    300

  • Private Sale Token Price

    1 ERD = 0.00050 USD

  • Private Sale Allocation

    19

  • Private Sale Vesting Period

    7.5% unlocked at TGE, remaining 92.5% unlocks at 15.42% every quarter afterwards

Lottery Timeline

2019/06/22 00:00 AM (UTC) to 2019/07/01 00:00 AM (UTC): During this period, user BNB balances will be recorded at a random time each day over a 9-day period. Your final average daily BNB balance over these 9 days will determine the number of tickets that you will able to claim. Please note that BNB stored in your margin account will not count towards your BNB holdings calculation.

2019/07/01 06:00 AM (UTC): Ticket claim will open at this time for all eligible users for a 24 hour period. Users must also sign the Token Purchase Agreement at the same time, prior to completing the ticket claim. Please note users will only be able to claim tickets once.

2019/07/02 06:00 AM (UTC): Ticket claim closes and the lottery draw begins.

2019/07/02 08:00 AM (UTC): Winning tickets are announced and the respective BNB will be deducted from the winning users’ accounts. Please ensure you have sufficient BNB in your account to deduct be deducted within 24 hours if you have a winning ticket.

Lottery Ticket Allocation

Users will be able to claim up to a maximum of 5 lottery tickets based on their daily average BNB holdings over the 9 days (represented by X below) leading up to the lottery draw date.

For example, 50 ≤  X < 200 means that your average BNB balance over the entire 9-day period is kept at 50 BNB or more, but does not exceed 200 BNB.

  • Legal Information

  • Company Name:

    Elrond Ltd.

  • Country of Incorporation:

    Malta

  • Company Address:

    St. Julians, Malta 6300, MT

  • KYC:

    Required

  • Restricted Areas:

    Afghanistan, Albania, Angola, Azerbaijan, Bahamas, Belarus, Bosnia & Herzegovina, Botswana, Burundi, Cambodia, Cameroon, Central African Republic,Chad, Cuba, Côte d'Ivoire, Democratic Republic of Congo, Eritrea, Ethiopia, Ghana, Guinea, Guinea-Bissau, Haiti, Iran, Iraq, Laos, Lebanon, Liberia, Libya, Macedonia, Madagascar, Mozambique, Myanmar, Nicaragua, North Korea, Pakistan, Serbia, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Tajikistan, Trinidad and Tobago, Tunisia, Turkmenistan, Uganda, United States of America (including its territories and dependencies, any state of the United States and the District of Columbia), Uzbekistan, Vanuatu, Venezuela, Yemen, Zimbabwe

Team

  • Beniamin Mincu

    Beniamin Mincu

    CEO

  • Lucian Todea

    Lucian Todea

    COO

  • Lucian Mincu

    Lucian Mincu

    CIO

  • Felix Crisan

    Felix Crisan

    Head of Reserach

  • Radu Chis

    Radu Chis

    Head of Technology

  • Adrian Dobrita

    Adrian Dobrita

    Head of Engineering

  • Iulian Pascalau

    Iulian Pascalau

    Core Developer

  • Sebastian Marian

    Sebastian Marian

    Core Developer

  • Mihai Dorian Stancu

    Mihai Dorian Stancu

    Software Engineer

  • Dan Voicu

    Dan Voicu

    Head of Communication

  • Daniel Serb

    Daniel Serb

    Head of Marketing and PR

  • Larisa Oltean

    Larisa Oltean

    UI/UX Designer

Advisors

  • Alex Iskold

    Alex Iskold

    Business Advisor

  • Alex Tabarrok

    Alex Tabarrok

    Economics Advisor

  • Raul Jordan

    Raul Jordan

    Technical Advisor

  • Grigore Rosu

    Grigore Rosu

    Technical Advisor

  • Fabio C. Canesin

    Fabio C. Canesin

    Technical Advisor

  • Andrei Pitis

    Andrei Pitis

    Business Advisor