$eGLD Warriors let's start this year by celebrating the achievements of the community who continue to build and help grow the ecosystem. We salute you.
The past couple of days have been crazy, yet full of learning opportunities.
Everyone wanted a piece of $RIDE (who doesn’t?)
The FOMO was real. But like every token listing, some people can get ahead of others.
Surely, everyone who follow the story is already aware of the bots from 2 staking agencies and an #Elrond affiliate who were able to purchase first and drained most of the liquidity which caused tremendous increase in $RIDE price.
While this is normal in the crypto world for old timers, the Elrond team recognized that being “normal” is not enough to achieve mass adoption.
Because of this, the team went out of their way to recover some of the profits and distributed it back to affected community members.
While the latest @coinbureau video about Elrond did have some merit, there is a lot of incorrect information relating to $eGLD. Let's look at the facts and get some clarity
Actually, the top 10 wallets are the Staking contracts, Exchange's wallets (Hot and cold) and also company reserves. Not some mega whales. Check out the graphic below
Binance's wallets hold >3M EGLD These belong to their customers
2. Erd is included in the current circulating supply.
ERC20 ERD token : 166M ERD, equal to 166K EGLD (about 0.95% of the current circulating supply)
- BEP2 ERD token : 127M ERD, equal to 127K EGLD (about 0.7% of the current circulating supply)