Elrond Network Token Review

in #elrondnetwork2 years ago

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Introduction:-

1)Elrond Network is started One and half year before but they didn't raised any initial fund.They put the money for project from their own pockets. This is the thing which shows how good the project is.

2)Elrond network is a novel architecture that goes beyond state-of-the-art by using a genuine State Sharding scheme for practical scalability, eliminating energy and computational waste e.tc.

3)Elrond network is using Secure Proof of Stake (SPoS) consensus mechanism.

4)Elrond Have a strong focus on security, Elrond is built to resist the security problems like Sybil attack, Rogue-key attack e.t.c

KEY FEATURES :

  • 10k tx/sec
  • Minimal latency
  • Negligible fees

Key Problems Tackled :

  • Full Decentralization
  • High Scalability
  • Full security
  • Bootstrapping and storage enhancement
  • Efficiency
  • Cross chain interoperability

Token Metrics :

Ticker : ERD
Token type : ERC20
Fundraising Goal : 4,800,000 USD
Total Tokens : 20,000,000,000
Token for Sale : 40%

Highlights

  • Strong and Experienced technical Team
  • Co-founders of City of Zion are advisors
  • Money taken from their own Pockets for 1.5 years to develop the project
  • state sharding

My Ratings :

  • Vision : 10
  • Token Metrics : 9.5
  • Team : 9.5
  • Advisors : 9.5
  • Working : 10
  • Road Map : 9.5

Overall Rating : 9.8/10

For more information,visit

Official website : https://elrond.com/
Telegram group : https://t.me/ElrondNetwork
Official Twitter : https://twitter.com/elrondnetwork