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  2. Please refer to sections 2.5 Rewards calculation and distribution in the paper. Rewards are distributed at the end-of-epoch by the following rules: 10% of the fee from one block is received by the block proposer, while the rest of 90% goes into a fees pool, TotalFeesToBeDistributed. At the end-of-epoch a calculation will be done to establish how many new tokens have to be minted. This number is established calculating the TotalRewardsToBeDistributed according to maxPossibleInflation, and number of blocks produced by each shard, minus the TotalAccumulatedFees by all the shards during that
  3. Hi folks, First of all thank you for publishing the economics paper, I really appreciate your work. I'm trying to find out a formula to mathematically compute the rewards for both the delegators and the validators. If this is already in the paper, my bad, I didn't found it. I have seen some time ago a formula from Sever, can you please let me know if this is still applicable and if can be introduced in the economics paper? Validator APR = 0.9 * yearly node revenue / stake per node0.9 -> the protocol takes 10% from fees for sustainable developmentyearly node revenue = 2169000 eG
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  6. The Economic paper we are publishing today presents the economic principles governing the Elrond Network, and how they keep everything aligned Read the full paper here: https://elrond.com/assets/files/elrond-economics.pdf Reasoning and overview Through Elrond we propose a bold vision for a post-capitalist world, providing a new economic model and language specifically designed for the information age. The Elrond token, eGold (eGLD), will have an expected bootstrapping duration of roughly three-to-five years. The Elrond token is inseparable from the Elrond Network, and thus in
  7. Was it from Transak service ? Moonpay ? some bank does not accept buying crypto with card. You should contact Revolut and ask them why they does not allowing this transaction.
  8. kevin lallement

    Dan

    Hello ! :) If you bought them from transak you should have them on a ERC20 wallet. Metamask maybe ? Before sending ERD to binance, you need to create an elrond wallet : https://wallet.elrond.com/ Then use the bridge to convert your ERD into EGLD https://bridge.elrond.com/ If your ERD are on metamask, it should require a bit of Ethereum to pay the transaction fees. You will find more detailed information on the bridge here : https://elrond.com/blog/elrond-token-swap-bridge/
  9. Stefanita

    Stefanita

    Buna ziua, am incercat sa cumpar egld utilizand un card revolut si am fost refuzat. Revolut a refuzat plata pe motiv ca nu-i convine vanzatorul. Se poate face ceva in acest sens?
  10. Dan2109

    Dan

    Hello! i have some ERD Tokens on transak. can someone tell me how can i transfer it to binance or cryptocom? thank you!
  11. Hey guys, I see some of you are looking at the status of the Genesis Staking contract and have questions about it. The "Contract state: Validating" means your staked ERC20 ERD tokens have been swapped to eGLD on day 1 of the mainnet (30 July, 1 mont ago), and that it is used for "validating" - meaning it is staked on the network for Validators to operate and secure the network. You should be checking your Elrond wallets instead, the erd1... addresses that you have used when staking in the first place. You will find the eGLD rewards accrued before the mainnet launch already unlocked t
  12. how is this helping? But now I only have 1000 tokens instead of a million. So egld must be a $1000 to match $1 ERD
  13. The supply will now be capped, as opposed to being unlimited before. This will allow the price of EGLD to grow much healthier - and even more exponentially as more resources are used to mine/validate on the chain. Though given the efficiency of the Elrond blockchain itself, this may take some time to start being evident. The price itself is subject to the use cases and the application of the actual Elrond chain as well, among many other factors.
  14. Ben

    Delegate Staking

    I am experiencing the same problem. Truly someone can offer an explanation?
  15. Howdy folks, my first post, and the forum is a welcomed attribute, one most companies avoid, so embrace this! A brief note: I am an entrepreneurial software dev: having built a $30B budeting tool, been CEO of my own startup (which did not viralize), and been involved in crypto for years. Chatting with Elrond about a significant involvement with validotors due to an investment stream i am soon to be involved with. I see where Elrond can go, and will do what i can to help. I believe firmly that many larger players bought in early in order to keep killing the upswing in market prices, altho
  16. Projected launch will be in September for the mass public, meanwhile you can check the updates about the Maiar app and enroll on the waitinglist if you want to be abla to get an early accces to it (https://elrond.com/blog/maiar-meets-new-people-the-second-wave-of-early-access-users-has-joined-heres-whats-going-on).
  17. The conversion starts sometime in September unless delayed. some exchanges can convert automatically (I think) if not, you can make an elrond/egld wallet here when its available (again sometime September or early October) once you have this wallet, just transfer those tokens to it and they will convert.
  18. Hello everyone, I am one of the new persons in here with minimal to zero experience in crypto. Been following for the past few weeks the CuriosITy & IGDLCC podcasts and that's how I've seen the interviews between Beniamin Mincu & George Buhnici. Now, long story short, I''ve followed the steps required to buy ERD tokens using the recommended TRUST WALLET on elrond website, but managed to encounter some small problems... As many of you probably noticed in TRUST WALLET there are 2 types of ERD token one is ECR20 and the other one is BEP2. My question is how can I
  19. I think ERD Elrond and for sure the Maiar app are going to be be very bullish in coming months. I am new to the crypto world but learning fast... greats
  20. same here, I don't have a solution. I don't know why I can't stake. Was someone able to find a solution?
  21. Greetings, Can I get as much input as I can regarding the question: What does Elrond have that are key elements to their projects and which are considered Proprietary and protected from copying by others? Trying to discern whether others who may be better financed and/or connected will be able to undermine Elrond business by copying whatever it is that Elrond has going for itself. Thanks!
  22. Hello...ready to witness some amazing history! Good Luck everyone!
  23. Seems to me that if ERD is Trading at around $0.019 and then Elrond goes through with the change in tokenomics where for every 1000 of ERD you'll be getting 1 eGLD the price would automatically adjust to $19.00 which would mean that your questions about whether or not the price will reach $1-$5 is answered by the math of the tokenomics. Good Luck!
  24. In the AMA with Cryptocom, @Beniamin Mincu said they are looking for a solution in order to make the exchange do the swap directly. Pretty sure they will do the swap in the exchange and you will have nothing to do. You can see the full AMA here ->
  25. Hi all, Im relatively new to crypto but have a stash of ERD stored on Binance. Will I be able to swap them to EGLD in September or will Binance do it for me? Or do I need to withdraw them to a wallet? Thanks for your help!
  26. Hi, I was wondering if in the future there will be an app for the Ledger Hard Wallet to store eGLD (in the ESDT token format) ?
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