Calling Elrond eGold (EGLD) hodlers - we have added EGLD to Crypto Earn! Users can now earn up to 3% p.a. on their deposits, paid in EGLD. Crypto.com Private users will earn up to 5% p.a.
Deposits and withdrawals of EGLD are enabled on the Crypto.com App.
Crypto Earn now supports 34 coins including BTC, ETH, LTC, XRP, BNB, TUSD, PAX, USDC, TGBP, TCAD, TAUD, BAT, LINK, CRO, MKR, DAI, PAXG, EOS, XLM, ATOM, XTZ, BCH, VET, ICX, ADA, ENJ, ALGO, KNC, ERD, COMP, OMG, CELR, MANA with the addition of EGLD. Interest is paid out weekly in the coin deposited with flexible, 1-month or 3-month terms available. Users earn more by staking at least 10,000 CRO.
About Elrond eGold
Elrond is a highly scalable, fast and secure blockchain platform for distributed apps, enterprise use cases and the new internet economy. Elrond’s approach to increased throughput, called “Adaptive State Sharding”, combines all State, Transactions and Network sharding types into a solution that improves communication inside the shards and increases performance through parallel processing. Moreover, Elrond has proposed a novel approach to consensus called “Secure Proof of Stake” which eliminates PoW computational waste, and combines eligibility through stake and rating with random validator selection, and an optimal dimension for the consensus group. Furthermore, the Elrond Virtual Machine is a dedicated smart contract execution engine built on WASM which expands the family of languages available to smart contract developers. The EGLD token is a unit of value that is native to the Elrond network. It represents a medium of exchange between users & developers who pay to use the network and validators who take the fees as payment for the services they provide.