Elrond token went up 1000% after IEO on Binance

Elrond token went up 1000% after IEO on Binance

Elrond token went up 1000% after IEO on Binance

Binance listed the Elrond project token, whose IEO ended up on the Launchpad platform two days ago. At the moment, the price of the token is about $ 0.0073, although at the time of the initial exchange placement it was at around $ 0.00065. The growth rate of the asset exceeded 1000%.

On July 2, the project raised $ 3.25 million, the crowdsale was held in a lottery format, but this time the number of winning tickets turned out to be a record low – at the level of 11%. Of the 98,000 tickets, only 10,833 were allowed to purchase the new altcoin.

Users were extremely dissatisfied with such results and offered to change the rules for conducting IEO again in favor of those who hold BNB longer. The cost of the exchange token has increased by 2.5% over the past day and is now at $ 33.5. The rise in price of a coin was commented by the head of the company Changpeng Zhao.

“I believe that people buy BNB to trade ERD at Binance DEX,” he wrote.

Earlier, Zhao announced the launch of the Binance Futures platform with a maximum shoulder size of up to x20. Initially, Bitcoin futures will be available on the site, but in the future the number of supported assets will increase.


About Shawn Morrison 266 Articles
One of the founders of BitzArena. Active with crypto currency since the rise of the bitcoin. Loves the innovative character of crypto and blockchain technology, and follows developments in the market closely. Likes to connect technology with business, and likes to make difficult concepts accessible to a wide audience.

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