With the acquisition of top cryptocurrency payments company Utrust, Elrond places a significant wager on Web3 payments in 2022.

Stats on Elrond Token Sales
During the token sale, Elrond cost $0.65 each EGLD. Beginning on June 22 and running until July 2, 2019, the Elrond token auction took place. EGLD is now exhibiting a ROI of 89.25x vs the US dollar, 42.98x against Bitcoin, and 16.26x against Ethereum compared to its initial token sale price.

Concerning Elrond Token Sale

A blockchain platform that uses Secure Proof-of-Stake and Adaptive State Sharding has been developed by the Elrond project. Using an initial exchange offering (IEO) on the Binance cryptocurrency market, the Elrond team raised money in 2019.
Note: ERD was the original name of the token used in the Elrond project. The project carried out a token migration/swap in 2020, exchanging ERD tokens for eGLD tokens at a ratio of 1,000:1. Elrond sold ERD at the token sale, however in this section, we'll give numbers in eGLD instead. For instance, the Binance Launchpad token sale saw the sale of 5 billion ERD tokens, which are equal to 5 million eGLD.

The Elrond team raised $3.25 million via the eGLD token sale. The price of the token significantly grew in comparison to the eGLD ICO price during the years after it was made accessible for trade, meaning that customers who purchased tokens during the token sale saw their investments grow in value. of the growth in their holdings. When compared to the price of the eGLD token during the ICO, the price of eGLD was up about 832 times at its peak.

The Elrond ICO's major dates, project specifics, and price information are as follows:

In July 2019, the Elrond token sale took place on Binance Launchpad.

Through the token sale, the Elrond team brought in $3.25 million.

The sale resulted in the selling of 5 billion ERD tokens overall (equivalent to 5 million eGLD)

Users of Binance who have a particular quantity of BNB on the exchange were eligible to participate in the Elrond ICO.

Later, the price of eGLD rose to 832 times that of the token sale price.

What was Elrond's (eGLD) ICO price?

The cost of each token in the Elrond ICO was equal to $0.65.
The Elrond ICO began when? How much time did it take?
On June 22, 2019, Binance started keeping track of its users' BNB balances to determine who qualified for the Elrond token auction. On July 2, 2019, there was an Elrond token sale. In 2019, the Elrond team also conducted a private sale.

The Elrond ICO campaign raised how much money?
The $3.25 million hard ceiling that the Elrond token sale successfully hit was the amount the team had hoped to achieve.

How many Elrond ICO tokens were sold?
The Elrond ICO saw the sale of 5 billion ERD tokens in total. This is the same as 5 million eGLD tokens after the conversion to eGLD.
How many eGLD tokens out of the total supply were sold during the ICO?
5 million eGLD tokens, or 25% of the entire eGLD supply, were available at the time of the token sale (20 million). However, 31,415,926 eGLD tokens are the total permitted supply.

How was the supply of eGLD divided up?
The following was the Elrond project's strategy for allocating the eGLD supply:

Token sale for Binance Launchpad: 25%
19% of private token sales
% of tokens set aside for team members
7% Reserve
Advertising: 8.5%
Environmental benefits: 7%
Project advisers: 2.5 percent
Neighborhood: 2%
What platform did the Elrond ICO take place on?
The Binance cryptocurrency exchange served as the venue for the Elrond ICO. Users of the exchange can participate in token sales, also known as initial exchange offerings, through the Binance Launchpad platform (IEOs). The key distinction between IEOs and initial coin offers (ICOs) is that IEOs take place on a cryptocurrency exchange. You may also come across the term Elrond IEO because many cryptocurrency users almost always use the terms ICO and IEO interchangeably.

How many individuals took part in the Elrond ICO?
Using a lottery approach, the Binance Launchpad hosted the Elrond ICO. Each winning lottery ticket represented the "right" to purchase 461 tokens, or approximately $300, worth of eGLD.
Each user might earn up to five winning tickets, and there could be 10,833 total winners. Given the data above, we can very roughly estimate that between 2,160 and 10,830 persons took part in the Elrond ICO. Binance didn't disclose the total number of users who took part in the token sale.

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Twitter: https://twitter.com/elrondnetwork
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