Asset Broker Voyager Pledges Support for Elrond (EGLD)

Friday 15 January 2021, 1:47 AM AEST - 5 days ago

Asset Broker Voyager Pledges Support for Elrond (EGLD)advertisementUpland

Licensed crypto-asset broker Voyager Digital has announced it will list Elrond eGold (EGLD), the native token of the eponymous internet-scale blockchain. The move will enable Voyager customers to buy and trade EGLD directly with the U.S. dollar (USD).

The announcement comes just weeks after the broker surpassed $200 million in assets under management, up 40x over the preceding 12 months. Voyagers late-2020 success mirrors Bitcoins, with the worlds top cryptocurrency having smashed through its all-time high.

High-Throughput Platform for the Internet Economy

Voyager is excited to give U.S. customers an easy way to invest in Elrond Network, said Steve Ehrlich, co-founder and CEO of Voyager. Investors can download the Voyager App, fund their account, and begin trading within minutes. As our growth accelerates, we will continue to expand our platform and offer our community the most exciting digital assets to invest in.

Elrond, which will launch its digital wallet and global payments app Maiar on January 31, is a high-throughput platform for distributed apps, enterprise use cases, and the internet economy. Capable of achieving 15,000 transactions-per-second (TPS), the blockchains native token can be pledged for staking, used to cover network fees, and dispensed as a reward to validators.

Within the Elrond ecosystem, token holders are incentivized to support the network and mainnet launch by locking EGLD into a smart contract in exchange for rewards. To date, around 55% of tokens have been staked according to the Elrond website, with daily trading volume approaching $100 million and a total market cap of $463m.

Having already been listed on a number of tier-one exchanges since launching on December 23, EGLD has attracted plenty of interest and Voyager will hope that its investors grab a piece of the action.

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