3 min readNov 16, 2020
Should I buy EGLD? Is EGLD a good Investment?
The Elrond project and its related coin EGLD have had in the past year a rousing success and are becoming more and more popular in the crypto market and, more astonishing, outside it. The attention received from crypto/ trade novices has raised most of the time the question: Should I buy EGLD? The answer is Yes and it is, of course, supported by numerous arguments, such as:
- Maiar: the revolutionary app which will be launched until the end of the year is an improved, a next level version of a digital home banking which supports, among others, worldwide transfers, instantly, at the lowest costs and staking directly in the app without being impacted by inflation, all quite the contrary, with a reward of 7% up till 29% per year. Moreover, it facilitates all the operations needed in the day to day life and it has the most user-friendly interface!
- It is not just a part, but an entire ecosystem: Beyond a network, Elrond is an entire ecosystem capable of functioning to a capacity never met before on the digital market. Don’t believe me? Don’t have to as the numbers are speaking for themselves: Elrond transacts with a speed of 16.200 transactions per second, while Bitcoin does it with 5–7 transactions per second and ETH with 13–15 transactions per second. It is self-evident that many projects already existing will move on Elrond network. The possibilities of adaptability and development of it are unlimited and unexpected if we take into consideration the fact that the network itself is an unique one, an innovation, a novelty through its tech, support and cost specifics .
- Staking: in the current moment, approximately 55% of the coins distributed by the network are delegated for staking. What does it mean? It means that, once you transfer your coins for staking, you benefit of an interest up to 29% therefore, with a weekly recurrence, you are rewarded and, from what you delegated, you make more without any additional effort! As expected, these places are currently occupied but you can sign in on the waiting list and, as you wait, you receive 8% interest! Another plus point of the staking is the fact that, as more coins are delegated, lower is the selling offer which has a positive impact on the price, important for any coin owner.
- Partnerships and listings: the fact that Elrond has managed to close, in a short period, partnerships with well known and respected names at crypto and high-tech level like Binance, Samsung, Electric Capital, WoodStock and many others, has created a precedent for the following listings on important platforms.
- Popularity and Community are defining for what Elrond stand for as, once you invest in EGLD, you become part of the team and of a community where relationships and partnerships beyond the crypto area have been created, and which helps with information and support with any question and who participates to the project’s transparency and to the next steps. Elrond team is as well active even in such forums and, anytime when needed, they have organised live sessions dedicated to the community, so the support goes both ways.
Happy investing!