Your questions - our answers

Elrond is a highly scalable, fast and secure blockchain platform for decentralized apps, enterprise applications and the new internet economy. The platform is designed for exceptional transaction throughput. Thanks to the adaptive state sharding system, transactions can be processed quickly by multiple validators simultaneously. Thus, Elrond is capable of 15,000 transactions per second at $0.001 each with instant finality.

EGLD is the native token of the Elrond Blockchain and is used for staking, governance, transactions, smart contracts and validator rewards. EGLD can be purchased through various payment providers, on crypto exchanges such as Binance, and through the Maiar app.

The eGold currency EGLD is the native token of the Elrond blockchain. The Elrond blockchain is one of the most advanced blockchain systems currently available. It processes more than 15,000 transactions per second at launch, with an expandable capacity that can exceed hundreds of thousands per second. Because eGold is digital, it is a superior means of exchanging and transferring value and lends itself to fast, global, and cost-effective money transfers.

Staking is a less resource-intensive alternative to mining cryptocurrencies. In staking, investors use their coins by making them available to the Elrond blockchain. These coins are used to secure the blockchain and validate the validity of each new transaction that is inscribed on the blockchain. For providing the coins to the blockchain, the so-called validators are rewarded with new coins from the network. This is called a reward. Rewards are therefore newly created coins.

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You must delegate at least 1 EGLD. There are no upper limits.

The coins that are delegated must first be delegated back to the own wallet (“undelegate”). A waiting period of 10 days from the moment of delegation applies; during this time the coins are “locked”. Coins in your own wallet can be sold at any time and without waiting period at the current price, e.g. via exchanges such as Binance.

No. The delegated coins remain in the Elrond blockchain and are managed via a “Delegation Smart Contract”. aaurelion is not in possession of the coins at any time. Accordingly, aaurelion also has no access to or influence over the Coins.

The aaurelion team is happy to help in person (phone, email) or via various social media channels. The complete list of contact options for questions or problems can be found here.