(«Update: Check out the latest IEO on the Binance Launchpad»)

Binance has just announced its 6th initial exchange offering (IEO) on its Launchpad platform: Elrond.

As one of the most well regarded exchanges in the cryptocurrency industry, initial exchange offering (IEO) investors and BNB holders have enjoyed tremendous success on its platform throughout 2019.

Every IEO that has launched in Binance since the start of 2019 has magnified investor returns, with a 100% upwards price appreciation thus far.

For example:

BitTorrent (BTT) is up 10x since its initial IEO price.

Fetch.AI (FET) is up 2.57x (but at one point was also up 10x).

Celer Network (CELR) is up 2.86x (first listed at 4-5x higher than IEO price).

Matic Network (MATIC) is up 8.6x.

And Harmony (ONE), its most recent IEO, also first listed at 10x higher than IEO price, but is currently sitting at 7.2x returns.

Now, Binance has just launched its 6th initial exchange offering on its Launchpad Platform, which, if it follows the trend of Binance’s historical IEOs, we may be seeing another 2-10x in returns for crypto investors immediately after listing.

In our article below, we’ll provide a brief overview on Elrond and how you can participate in this IEO.

What is Elrond?

Elrond describes itself as “a scalable value transfer protocol for the digital economy”.

In brief, Elrond is a public blockchain which leverages sharding and proof-of-stake (PoS). The result is a scalable network which can handle up to 10,000 transactions per second with minimal latency and low fees.