Nash.io Exchange to List Elrond’s ERD Soon After Mainnet Launch
Assets native to the Elrond blockchain, starting with ERD, are to be listed on Nash.io, the noncustodial exchange known for its strong fiat pipeline. Initially paired with BTC and USDC, ERD will eventually be purchasable directly with fiat currency using Nash.io’s integrated fiat gateway.
The listing of ERD on Nash arrives as the scalable blockchain is in the midst of its final incentivized testnet campaign and preparing for its mainnet launch. All signs suggest that the enterprise-friendly crypto network is set to enjoy a prolific year.
Nash Welcomes Elrond Into the Fold
Nash, which sprang to life as a NEO decentralized exchange, before expanding into a broader fiat-crypto exchange supporting multi-chain assets, will become the next venue where ERD can be traded. The native token of the Elrond blockchain has been in high demand on the open market, and is up over 100% in the past month as its mainnet launch draws near. Nash.io will list ERD as soon as the mainnet has gone live, and has promised to integrate the token into NashCash, the exchange’s fiat onramp. This will bring the added benefit of enabling ERD to be used as a payment option with Nash Pay.
This is the second ERD payment integration in as many weeks, after crypto travel platform Travala.com integrated the asset, enabling payment for travel bookings. In addition to ERD, Travala.com will support the BUSD stablecoin that is to be issued on the Elrond blockchain. Although designed as a fast and scalable blockchain suited to supporting enterprise applications, Elrond’s use cases extend far wider, as shown by its evolution into a payment option in its own right.
Exchanges Embark on a Listing Frenzy
During the next quarter of 2020, a number of highly awaited crypto networks will launch their mainnets, while others will undergo major protocol upgrades. As a result, investor demand for these assets has soared, and exchanges have begun listing new tokens. In addition to Elrond’s forthcoming Nash.io listing, Coinbase Pro added the newly minted COMP token on June 22, which serves as defi platform Compound’s governance token. News of the listing caused COMP to triple in price, as speculators rushed to acquire the token on decentralized exchange Uniswap.
Binance, meanwhile, where Elrond’s native token was issued via an IEO in 2019, listed an old token this week – DigiByte. On June 22, as COMP was going live on Coinbase Pro, Binance made DGB tradable against BTC, BNB, and BUSD. DigiByte climbed 20% on news of the listing.
Elrond’s Onchained Testnet Sees Serious Action
While ERD has been getting added to new exchanges and payment gateways, the Elrond community has been participating in the project’s latest and final testnet program. Battle of Nodes: Onchained was billed as a chance for supporters to stress test the network ahead of the mainnet launch, and to earn a share of a $60,000 pool in the process. The community duly stepped up, logging over 160 hours in Battle of Nodes since June 17, and securing the participation of Stake Capital. Upon completion of the incentivized testnet program, a mainnet date is expected to be announced, whereupon ERD will simultaneously be listed on Nash.io.