Elrond token sale is followed by a lottery system, users need to hold a minimum of 50 BNB (Binance Coin) in their wallet to be eligible for the token sale.
The new lottery system has a small change, the snapshot will be taken at random time daily and tickets are allocated by the average daily holding of BNB amount.
Elrond IEO Details
- Token Name: Elrond (ERD)
- Hard Cap: 3,250,000 USD
- Total Token Supply: 20,000,000,000 ERD
- Total Tokens Allocated to Binance Launchpad: 5,000,000,000 ERD (25% of Total Token Supply)
- Public Sale Token Price: 1 ERD = 0.00065 USD
- Max Number of Winning Lottery Tickets: 10,833
- Allocation Per Winning Ticket: 300 USD (461,538.46 ERD)
The recording of BNB balance holdings will start from 2019/06/22 00:00 AM (UTC) and ends on 2019/07/01 00:00 AM (UTC). Users must hold BNB (Binance Coin) for at least 9- days to get lottery tickets.
All users need KYC verification to be eligible for lottery ticket claims. Tickets can be claimed within 24 hours after the holding period is over ( 2019/07/01 06:00 AM (UTC). User can claim tickets only once.
Winning tickets will be announced at 2019/07/02 08:00 AM (UTC). Each winning ticket is equal to $300 worth of ERD tokens. The tokens will be added to users wallet automatically and an equivalent amount of BNB will be deducted.
If a user holds 50 BNB for 9 days he will get one ticket and can claim a maximum of 5 tickets if hold more than 500 BNB.
Elrond IEO Project Links:
Whitepaper: Elrond Protocol
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