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🧊 Cold Wallet Support: Elrond Assets can be stored on NGRAVE

Elrond Network and NGRAVE have entered a collaboration which will enable assets on the Elrond blockchain to be safely stored in the Ngrave cold wallet solution. The native currency $ERD, stable coins such as the Binance $BUSD or any other token on our blockchain can be stored and accessed using this offline security option.

The internet has shown us that our identity, data & possessions can be at risk with improper security. Good security needs to exist both on the user side and on the system side. The Elrond blockchain solves the system side of the problem with decentralization, state of the art cryptography and thoroughly audited security. We’re happy to partner with Ngrave, who are addressing the user side of the problem in an elegant manner.” said Beniamin Mincu, Elrond CEO.

All about it 👇🏻
https://medium.com/elrondnetwork/cold-wallet-support-elrond-assets-to-be-protected-with-the-ngrave-security-device-85cc7a7bb437

RT: https://twitter.com/ElrondNetwork/status/1259862429762301952?s=20
💥 Genesis: The Elrond Bootstrapping process explained

Elrond begins in a calculated, transparent and secure manner 🔐 Our COO Lucian Todea explains what the process is and why we designed it like this. Pre-reading ahead of our $ERD Genesis SC, which debuts in 5 hours from now

👱‍ How to bootstrap a Proof of Stake blockchain in a transparent way, must-have & nice-to-have requirements, challenges and how Elrond is doing this 👇

Ideally at Genesis you need the token already issued and widely distributed if you want decentralization with staking and delegation enabled. You need a way for people to be able to #stake and register nodes in a public and transparent way before the actual Genesis. #nospreadsheets.

If you want anyone to be able to delegate, you need a way to let them delegate in a safe, intuitive and transparent way. If you want staking providers to join, they need a way to get delegations before the Mainnet and the delegation Smart contract is deployed.

The Genesis file based on which the first block is created (including info about staking nodes, delegations, minting, swapping, etc.) needs to be auditable (anyone could check and cross-check all the information it contains).

How is Elrond doing this?

To bootstrap the Elrond protocol in a transparent way, we will use a 💥 Genesis smart contract deployed on Ethereum, which will act as a bridge to the Mainnet, and will gather & mirror all necessary data for the Elrond Genesis block.

🖥 495 Nodes will be available for Community and Infrastructure partners. The Genesis Staking process for Validators will have a technical limit of 20 nodes per unique Ethereum address. Each node registration will include the BLS key and the Mainnet rewards address. APR is 25% before Mainnet launch and 36% after. For security reasons, before the Genesis, only pre-approved validators - Battle of Nodes veterans have priority - will be able to operate nodes and stake. Stake per node is fixed to 2.5 Mil $ERD before Genesis and dynamic after auction SC goes live.

🙋‍♂️ After the launch of the Mainnet, our next milestone will be to enable an auction mechanism which will determine the optimal stake/node ratio dynamically.

📊 Any $ERD holder will be able to delegate. No minimum amount required. Total overall delegation capped at 2.51 Billion $ERD: 1005 @ElrondNetwork foundational nodes * 2.5 Million $ERD. APR is 25% before Genesis and 29% after the Mainnet is live.

⌛️ Thus, Elrond will act briefly as a staking-as-a-service provider at the launch of the Mainnet. The next 3–6 months after the launch, the Elrond foundational validators will gradually decrease, until the majority of the network is community run. Staking-as-a-service providers will temporarily receive stake delegated from the Protocol Treasury reserve. Community nodes will put up their own stake.

The $ERD in the Genesis SC is burned & minted automatically in the Genesis Block, directly into the respective Mainnet wallets, which get credited /w stake & accrued rewards. So the swapping between ERD ERC20 token and the Mainnet (native) ERD is done automatically at Genesis.

🌐 The interaction with the SC is done through the Genesis staking website, which will be revealed soon. You will need the Metamask extension on your desktop browser, $ERD (ERC20) and some ETH for gas. Mainnet rewards address can already be created here: https://wallet.elrond.com. Although the wallet at the mentioned address is connected to the Elrond Network testnet and not to the Mainnet, this address is going to be perfectly usable when the Mainnet is launched.

🔐 Please backup your private key and your seed words in a safe location. If you lose the private key for this address, you will NOT be able to access your delegated or staked funds, once the Mainnet is live. Never share your secret phrase or private keys with anyone.

As we release the Genesis Smart Contract today, another important piece is put in place for the launch. The Elrond Mainnet Genesis is coming & you can be a part of it.

💥 See you on the other side.
💥 The Elrond Genesis Staking is live

You can now go to https://genesis.elrond.com and start the Genesis Staking process.

Cheatsheet:

🌍 Create an Elrond wallet
🦊 Have your Metamask wallet ready
💎 Have your $ERD & gas fees in it
🌐 Follow the website instructions
🦸‍♂️ Be a hero in the Elrond story

👌 There are no silly questions when it comes to your own assets. We will do our best to answer any inquiry.

⚠️ Validators: no addresses from the Whitelist form have yet been added - it is not an automated process. Thank you for your patience.

The process is covered in detail in our blog post (link). Be sure to read it and the included FAQs, as they will offer useful guidance in the process.

RT: https://twitter.com/ElrondNetwork/status/1260333740678623238?s=20
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Testing underway: $ERD app for Ledger Nano S

🛠In development mode only (not recommended!), pending approval to be included in an official firmware update.

Due to popular demand, we offer a rare preview 👀

RT: https://twitter.com/ElrondNetwork/status/1260981025146114050?s=20
💱 The $ERD/$BUSD trading pair is now live on Binance

Soon after the announcement that the $BUSD stable coin will be released on the Elrond blockchain, we follow-up with the new trading avenue for the Elrond token. You can now exchange the $ERD token against the Binance stable coin on our partner’s CEX.

Start trading: https://www.binance.com/en/trade/ERD_BUSD

RT: https://twitter.com/ElrondNetwork/status/1261205024249720839
🦾 Last week in $ERD

💥 Genesis Staking process launched
👌🏻 Prestaking rewards process completed
💱 Binance CEX new trading pair ERD/BUSD
🧊 Ngrave hardware wallet partnership & AMA
👨🏻‍💻 Ledger app for Nano wallets testing underway
🛠 Technical releases v1.0.115 & v1.0.116
Elrond team ranked 2nd in Romania, after $7bn 🦄 UiPath

TheOrg recently published a Top 10 list of the best teams in the Romanian startup scene. Our capital Bucharest has recently been ranked as the best city for remote work in the world, because the availability of relevant infrastructure, such as awesome broadband. We tap into that great resource a bit more upstream at Sibiu, and are proud of our culture of getting things done.

The recent period of time has seen all of us pull together even harder than we thought possible, which translates into visible progress. We think the Elrond team is second to none, but we appreciate the very good article and we encourage you all to read it. Here’s a sneak preview:

After more than two years of strong development, the next step will be the official launching of this network and product that we are building. We aim to bring the next big wave for blockchain technology adoption and by the end of this year we hope to have more than 1 million people who use this platform to make transfers all over the world immediately at a much smaller cost.”, says Beniamin, who compared their product with the step made from dialup to broadband internet.

Check out the full article on https://theorg.com/news/the-top-10-startup-teams-in-romania
💥 Genesis Staking update - 2.78bn $ERD deposited so far

🤝 2.3bn as Delegators - 91% of cap
🖥 0.48bn as Validators (194/495 nodes)

833 staking transactions
🐋 Largest: 112mn
🐬 Average: 3.47mn
🍤 Smallest: 1.304
💬 236 support chats
📺 609 Video guide views

Delegate now: https://genesis.elrond.com
📊 Binance Trading Competition - $50k prize pool in $ERD

Binance and the Elrond team have committed a total of 50,000 USD in ERD tokens as prizes to celebrate the successful launch of Elrond Genesis Staking and the recent addition of ERD/BUSD trading pair.

Participants can join the trading competition & earn rewards for staking. First-time Binance users joining the event will enjoy a 10% trading fee discount.

Join: All new users that register on Binance using this special referral link will enjoy a 10% trading fee discount.

💱 Trade: All users with a total trading volume of 500,000 ERD or more (including both buys and sells) across the ERD/BTC, ERD/USDT, ERD/BNB, ERD/BUSD trading pairs will equally share a prize pool of 50,000 USD in ERD tokens.

👉🏻 Read the full instructions & join the competition: https://binance.zendesk.com/hc/en-us/articles/360043447612

RT: https://twitter.com/ElrondNetwork/status/1263077432493510657?s=20
🇰🇷 Elrond in South Korea: 안녕하세요 ERD ecosystem!

The crypto space is an international scene that transcends boundaries, language and culture. Participants share a vision of the new economy and an internet that nobody owns.

Be that as it may, South Korea stands out - passionate about crypto but with a strong local culture.

Elrond has been covered in detail (http://inthenews.co.kr/article-49694/) in Korean and translations to articles and posts have been getting increased exposure, thanks to the success of our local supporters.

🎌 We want to extend our gratitude and appreciation to our local community and partners for gearing Elrond to be great in South Korea.
💱 The Binance trading competition is live - $50k prize pool

The Binance trading competition is well on its way. Trade a total of 500k ERD in buy + sell orders in the next 7 days and join the $50.000 USD prize pool. Trades on all $ERD pairs listed on Binance - BUSD, BTC, USDT, BNB - add up to the competition trading goal.

📆 Competition duration is 7 days: Thursday 21 May 0:00 UTC - Wednesday 27 May 23:59 UTC

🤝 Get a 10% discount on trading fees by registering a new Binance account using this link 👈🏻

🏆 Check out the ranking list (updates every 24 hours)
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🌐 Introducing the new Elrond Blockchain explorer

Block explorers need to provide information about the health of a network, its infrastructure and the operations happening on it. Ours was already doing a great job with that and we think we can improve it further. We are now happy to unveil the latest features.

🗺 A realtime map shows Elrond blockchain nodes around the globe. Check out how spread out Elrond is, already before the mainnet!

💫 Multiple nodes that are maintained by the same operator are grouped & branded

📊 More features for quality of life for developers and validators

The 💥 Genesis Block will be minted in good company.

👉🏻 https://explorer.elrond.com
🦾 This week in Elrond

💱 $50k Binance Trading competition ongoing
🤝 10% fees discount for new Binance accounts
💥 Genesis Staking delegation cap reached
🗺 New Blockchain explorer revealed
🛠 Two testnet releases: v1.0.118 & v1.0.119
🎖 Elrond team ranked 2nd in Romania after 🦄 UiPath
🇰🇷 South Korea says 안녕하세요 to Elrond
💥 The Genesis Staking cap is full - Help us understand outstanding demand

The amount of $ERD available for staking has been filled in 12 days. Tried staking and it’s full? Let us know about it by filling out the form 👇🏻

📋 https://elrondnetwork.typeform.com/to/aH9gNM
🌎 The Elrond Validators

We’re minting the 💥 Genesis Block in good company. There is nothing left to chance in the imminent $ERD ecosystem launch. Handpicking the starting Validator line-up is a privilege not many projects have. We do have it, and we are grateful for it 🙏

Our node runners are enthusiasts that not only understand what makes the Elrond blockchain tick but put in the necessary effort of making it do so. They challenge the team with clever questions, raise issues and ask for features.” Lucian Mincu, Elrond CIO

We have selected the Validators to mint the genesis block with us. We will use the full extent of our own knowledge, the ideas of our community and the experience of our professional partners to put together the most secure, highly-available, performant and robust network to launch our mainnet on.

Find out more about our Validators in our blog post: https://medium.com/elrondnetwork/the-elrond-validators-df51f09ec93e?sk=a1de670061409b9aee1cc5bd2c3aa5a7

RT: https://twitter.com/LucianMincu/status/1265228915787927552?s=20
Viastake joins Elrond as 💥 Genesis Launch Partner.

The Viastake team has been a constant presence in the validator community. They have created the first un-official set of noscripts which a lot of our members used to operate nodes. Their numerous tutorials and guides and hours spent on answering questions and making suggestions have helped Elrond become better.

Our journey with Elrond started very early. The technology made us curious but the work ethics & transparency we recognized in the team made us stay. From its early stages the project has been all about honesty and hard work. We want Elrond to succeed so we rolled up our sleeves to build some infrastructure for it. We are happy and proud to be part of the Genesis of this new blockchain that is beyond state-of-the-art.” said Alwin Haklander, Founder & CEO Viastake.

Read more on our blog: https://medium.com/elrondnetwork/viastake-joins-elrond-as-genesis-launch-partner-staking-provider-326cc4a6a689

RT: https://twitter.com/ElrondNetwork/status/1265295997921644546?s=20
💥 Binance Staking joins Elrond as Genesis Launch Partner

We are thrilled to announce that Binance will be operating dedicated infrastructure to run Validator nodes at the mainnet launch & after, as well as in the preparation phase leading up to the minting of the Genesis Block.

The partnership brings Elrond operational support from a top player in the cryptocurrency space, while Binance supports the expansion of the blockchain ecosystem, and further involves with their long-term investment made via Binance Labs by strengthening the project’s infrastructure layer.

We’re excited to be a part of the early adoption wave on Elrond’s technology, and our engineers have been pleasantly surprised with the ease of the setup and maintenance process of node infrastructure. Thus, the decision to get involved in Elrond’s infrastructure layer right from the start makes a lot of sense.” said the Binance Staking team.

👉🏻 https://medium.com/elrondnetwork/binance-staking-joins-elrond-as-genesis-launch-partner-b0676e75476a

RT: https://twitter.com/ElrondNetwork/status/1265606943063838724?s=20
Staking Agency joins Elrond as 💥 Genesis Launch Partner

The team behind Staking Agency is led by some of the earliest participants in our public testnets. They have been running nodes, creating noscripts and bots to complement the Elrond tools. Most importantly, the security-focused team contributed immensely to Elrond’s anti-fragility.

The Staking Agency CEO is none other than @DrDelphi, our veteran community lead who created several Telegram 🤖 bots to make our lives easy. More importantly, DrDelphi is the big winner of the two Battle of Nodes incentivized testnet events. He executed a number of attacks on the Elrond network and shared his exploits with the team so we could make Elrond better. He’s been doing that ever since and helping Elrond improve day by day.

“I closely studied all the tech of all the projects that want to build scalable smart contract execution platforms before settling on Elrond. In addition to the tech I found exceptional developers whose ingenuity & execution capabilities are far beyond what I’ve seen in the space. I took it as a personal challenge to help as much as I can, and I still do.” said Mihai “DrDelphi” Barca, CEO Staking Agency

Read all about it on our blog: https://medium.com/elrondnetwork/staking-agency-joins-elrond-as-genesis-launch-partner-staking-provider-926412c7b9a9

RT
: https://twitter.com/ElrondNetwork/status/1265921605164830723?s=20
Elrond Staking Derivatives via Stake Capital’s StakeDAO

All staking infrastructure providers charge a fee for this service, which is usually the most important differentiator for customers looking to select a provider to delegate to. Stake Capital adds additional value for customers through its StakeDAO - a revenue sharing framework which enables its customers to capture a portion of Stake Capital’s income and get liquidity for their staked collateral.

🤝 Revenue Sharing offers a stablecoin cash-back mechanism for generated fees & DAO voting privileges
💱 Liquid Staking offers flexibility for delegators to liquidate their collateral before the imposed timelocks

Read more: https://medium.com/elrondnetwork/elrond-staking-derivatives-via-stake-capitals-stakedao-5b30fce5626b

RT: https://twitter.com/ElrondNetwork/status/1266350061635723267?s=20