The Elrond project will launch the main network on July 4, increasing the maximum amount of pledged tokens to 5.4 billion ERDs

In BlockBeats' rhythm, Elrond announced today that its main web will be launched on July 4 and Genesis Staking 2.0 will also be officially opened.

After the launch of the main web and Genesis Staking 2.0, there will be the following changes:

1. The supply of Elrond will refer to the supply model of Bitcoin, and the number of tokens will reach a fixed maximum supply within 10 years;

2. The pledge ceiling increased by 1.672.5 billion ERDs to 5.42224 billion.

3. The fixed mortgage interest of each node of Elrond is 2.5 million ERD unchanged;

4. The team and the private investors promise to pledge ununlocked tokens

5. The consigner will increase an additional 1.2225 billion ERDs, and the verification node will increase 550 million ERDs

Pledge of creation & NBSP; After 2.0 is launched, the price per node is still 2,500,000 ERD without change; The original APR was also unchanged: the return on the mortgage was 25 per cent before the main network started. After the release of the main network, the annual interest rate of the verification node is kept at 36% and that of the delegate node at 29%.

At the same time, to meet the demand, the Elrond increased the total pledge ceiling from 3.75 billion ERDs to 5.422.5 billion ERDs and from 1,500 to 2,169 nodes. & have spent & have spent

The newly added delegate node and validation node are allocated as follows:

1122.5 billion ERDs entrusted

550 million ERDs are allocated to verification nodes

The economic model of Elrond will change with the launch of the main network. Here is an overview of the changes that will take place immediately:

1. The Elrond will have a maximum total token supply ceiling. The issuance rate will decline year by year and reach zero by year 10.

2. After the tenth year, no other pie will be issued; The ERD.

3. In Elrond's model, a decline in the issuance rate would immediately lead to an accumulation of transactions, which would lead to an increase in transaction processing costs (similar to bitcoin).

About Elrond

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Elrond is a new blockchain architecture and the first SPoS common chain capable of running intelligent contracts. It innovates to combine adaptive state fragmentation technology to enhance scalability, aiming to provide underlying value transfer protocol for the digital economy. Test network TPS over ten thousand, with high throughput, low cost characteristics. Elrond introduces two key innovations: a new adaptive state sharding mechanism and a secure Stake (PoS) proof algorithm that achieves linear scalability through a fast, efficient, and secure consensus mechanism. The Elrond can handle more than 10,000 transactions per second (TPS), has a 5-second delay and negligible cost, and seeks to become the backbone of a permissibler-free, borderless, and globally accessible Internet economy.

Elrond 为币安 2019 年 Launchpad 项目，  初始两轮融资，私募代币数量占比19%，价格 0.0005 刀，融资190万美金，私募有分段解锁机制；IEO轮价格 0.00065 刀，共募资 325 万美金，两轮总共融资 515 万。 

The original address: https://medium.com/elrondnetwork/new-staking-opportunity-and-mainnet-launch-preparation-be752b57f8f4

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