Cryptocurrency Q&A
What token does Elrond use?
What token does Elrond use?
Caterina
Mon Jul 15 2024
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7
answers
1518
Could you elaborate on the type of token utilized by the Elrond network? I'm particularly interested in understanding its technical specifications, as well as its role and significance within the Elrond ecosystem. Does it serve as a utility token, a governance token, or both? Additionally, how is it integrated into the network's functionalities, and what incentives does it provide to users and stakeholders? I'd appreciate a concise yet comprehensive overview of the Elrond token and its role in driving the network's growth and success.
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7 answers
SamuraiHonor
Wed Jul 17 2024
Elrond, a prominent blockchain platform, utilizes the eGold (EGLD) token extensively across its network.
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RubyGlider
Tue Jul 16 2024
This swap mechanism allowed holders of the old token to seamlessly migrate to the new ecosystem.
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EchoPulse
Tue Jul 16 2024
Prior to the official launch of its mainnet in July 2020, Elrond operated with a different token known as ERD.
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ethan_harrison_chef
Tue Jul 16 2024
BTCC, a UK-based cryptocurrency exchange, offers a comprehensive range of services to its clients.
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KimonoGlitter
Tue Jul 16 2024
This predecessor token, ERD, was rendered obsolete upon the introduction of EGLD.
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