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 (https://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)

🌐 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 scripts 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 scripts 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

Last week in $ERD

🤝 Binance Staking partnership
💱 $ERD staking derivatives via Stake DAO
👌 Genesis Staking full. Left out? Fill in the intent form
🎙 @beniaminmincu to join Messari "Mainnet"
🖥 Elrond Validator focus
💥 Genesis Launch partners: Viastake & Staking Agency
🛠 2 testnet releases

🌍 Elrond to Automate Audit Records for BetProtocol

Elrond Network and BetProtocol have joined forces to create an automated audit record for their online gaming operators. By utilizing the Elrond blockchain, BetProtocol aims to achieve an on-chain decentralized backup of relevant betting and transaction history, which will decrease costs with high-availability backups and reduce the duration of business interruptions during audits and compliance checking.

“Online entertainment is one of the areas where blockchain technology can add considerable value today. This collaboration opens the door for Elrond’s performance to be used as an inexpensive backend for conducting & recording betting transactions. BetProtocol has a business model which makes sense and we’re happy to help make it even more efficient.” said Beniamin Mincu, Elrond CEO.

Read all about it: https://medium.com/elrondnetwork/elrond-to-automate-audit-records-for-betprotocol-44551e20ca56

RT: https://twitter.com/ElrondNetwork/status/1267426852081106947?s=20

✅ We are ready. Battle of Nodes: Onchained Starts Thursday 4th of June

The Elrond blockchain is ready to launch. We are submitting it for one last public round of testing to showcase its capabilities ahead of minting the 💥 Genesis Block.

Battle of Nodes: Onchained will demonstrate Elrond’s readiness to fulfil the internet’s need for a layer of trust which scales with needs & expectations.

“Battle of Nodes: Onchained is the final and most important step before the Elrond mainnet. Through it, we will demonstrate a robust and performant network leading to the launch. This is a remarkable milestone, and once 15 days have passed where the network runs without interruptions in a high TPS environment, we will know Elrond is ready to go live.” said Beniamin Mincu, Elrond CEO

The final testnet challenge sets the stage for launching our mainnet as a catalyst for adoption exactly now when market sentiment, consumer attention and enterprise appetite are bursting with interest.

Read the official announcement: https://medium.com/elrondnetwork/we-are-ready-battle-of-nodes-onchained-starts-thursday-4th-of-june-7765a8f871fe

RT: https://twitter.com/ElrondNetwork/status/1267805432493551619?s=20

Battle of Nodes: Onchained is not an invitation for security experts to break our protocol because we think it can’t be done, but because we're serious about the robustness of the $ERD ecosystem. This is why we're trying to get the message out there as much as possible. We're excited by the excellent coverage by Cointelegraph 👇

According to an announcement on June 2, the upcoming Elrond incentivized stress test will include a variety of different attacks on the network. Elrond CEO Beniamin Mincu explained to Cointelegraph:

"Anything that takes the network down is allowed, as long as it's not breaking the law or social privacy of participants. So DDoS-ing, hijacking rewards, stealing coins, double spending, minting new coins & other similar situations - we will reward every successful attempt to do any of those things.”

Read the whole article: https://cointelegraph.com/news/elrond-invites-hackers-to-stress-test-its-blockchain-network

📊 FCAS Rating: Elrond ranks in Top 15 for Development and 50 Overall

Elrond was recently reviewed by analysis firm FlipSide Crypto, which assigned us a rating of 736 overall, which places us in the Top 50 projects out of the +500 projects that got an FCAS rating. Our Developer Behavior rating is an outstanding 911, which places us in the Top 15.

💪 These excellent results are even more impressive for a project that is still before the mainnet stage and therefore can’t score in certain relevant areas.

FlipSide Crypto makes comprehensive analysis for blockchain projects and assigns a Fundamental Crypto Asset Score (FCAS) rating. This rating indicates project health based on User Activity, Developer Behavior and Market Maturity.

CoinMarketCap includes this rating for all the projects it lists, which provides great exposure for those looking to learn more about a project.

Read more: https://medium.com/elrondnetwork/crypto-analysis-firm-flipside-crypto-rates-elrond-as-top-15-development-top-50-overall-bda22c2e980

RT: https://twitter.com/ElrondNetwork/status/1268432978679660544?s=20

💥 Explosive Start for Battle of Nodes: Onchained with +800 community nodes!

Only 2 days after the initial announcement, the dry-run for Battle of Nodes: Unchained already lined up 868 community nodes from 190 unique participants, with more arriving every hour. With our own Nodes in the mix, our testnet is now over 1.000 nodes, which is an amazing achievement for any blockchain, more so a testnet.

Newcomers can still register to the event until Monday 08 June 08:00 UTC - in the grand scheme of things, it would be like starting the marathon a couple of minutes late. So fire up your nodes and let’s see what they’re made of!

Read more: https://medium.com/elrondnetwork/battle-of-nodes-unchained-is-off-to-an-explosive-start-with-800-community-nodes-fc25c6ed2c56

RT: https://twitter.com/ElrondNetwork/status/1268543224894951426?s=20