5 Reasons to Buy Elrond in India
- It gathered a massive amount of $1.9 billion in its ICO(Initial Coin Offering).
- It gave a huge ROI of around 1300% by the end of 2020.
- It can process up to 15,000 transactions per second.
- It has a market capitalization of more than $2.7 billion.
- It has a maximum supply of more than 31 million EGLD.
What is Elrond?
Elrond was launched in the year 2017. It was co-founded by the Mincu brothers- Beniamin Mincu and Lucian Mincu with Lucian Todea alongside.
It is a decentralized blockchain network that aims to provide better speed, security, and scalability than its rival cryptocurrencies leading the market. It claims to solve the scalability trilemma(issues with scalability, security, and decentralization) with thousand times more efficient results than the strong rival Bitcoin.
Elrond has its official native token as eGold, commonly known as EGLD, that is used as a medium to provide incentives.
3 Things to know while Investing in Elrond (egld)
- Elrond uses Sharding that provides better scalability results.
- Anyone can see through Elrond’s code since it is an open-source platform.
- The platform provides a more developer-friendly workspace than the other crypto platforms.
Elrond could be bought via P2P(Peer to Peer) trading. The other way to buy ELGD could be through decentralized exchanges or to buy from someone who holds the respective cryptocurrency. However, the concept of DEX is quite complicated to understand, and also it could be a troublesome job to find a reliable seller of ELGD. Therefore, the way is advised to pro traders.
If you are new to the world of cryptocurrencies, you might want to take the uncomplicated and trusted route and Download CoinSwitch Kuber!
You can buy Elrond in just 4 steps on CoinSwitch Kuber:
- Open CoinSwitch Kuber, click on the Market tab from the bottom navigation, then select Elrond.
- Click on the ‘Buy’ button.
- Enter the amount that you would like to buy Elrond for, say ₹100, and click on the ‘Preview Buy button
- Check all the details of your order and proceed by clicking ‘Buy.’
Congratulations, you just bought your first Elrond!
There is no definite price to buy cryptocurrencies as most of them are still evolving and developing. This could lead to a rise in the value of Elrond. Nothing but regret would be left with you for not investing in it earlier.
Instead, you can invest small amounts for as low ₹100 as periodically and balance the opportunity and risk.
No clock would tell you the right time to build your money and assets. Usually, people wait for the prices of cryptocurrencies to dip and then invest. If you are also one of them, you might have been missing a lot on returns and profits. It is always advised to invest from Day 1.
Give a start by investing in small amounts periodically. The better approach would be to invest a lump sum when Elrond’s prices get undervalued. This would help you build a good portfolio.
A variety of platforms on the Internet makes Elrond available for you, but the only thing that matters here is your time and experience. Some would make it a one-click process, while others would be difficult to handle.
There are many cryptocurrency applications available for you in the market. Some of them would make your purchasing hectic. However, CoinSwitch Kuber allows you to buy cryptocurrencies quickly and efficiently, also removing the troubles.
Disclaimer :The content of this article is for informative purposes only. It is not intended as a substitute for investment/ financial advice. If You decide to act upon this information, You shall do it at your own risk. While such video/ article has been verified, it depends on third-party sources too, and CoinSwitch Kuber does not guarantee that there are no mistakes or errors nor does CoinSwitch Kuber represents the views presented in such article to be it’s own.