2020 has been receiving adjectives like ‘unlucky’ or ‘nightmarish’ for a long time now owing to Coronavirus. Perhaps, the adjectives are not entirely wrong too, as most countries are still struggling to deal with the virus, and yet a few have opened up the lockdowns to a certain extent keeping the economies and normalcy of human life in mind. However, just before the outbreak of Corona took an aggravating turn, India had managed to witness lifting the infamous crypto ban.
While the country is already moving towards a digital revolution, apparently, now the time has come where crypto believers can bear fruits of prolonged patience. Notably, one of the most noticeable crypto lovers in India who had supported the digital currencies even when it wasn’t that popular in the nation is the WazirX’ CEO, Nischal Shetty. The same exchange platform, WazirX, has welcomed ERD (Elrond) coin to its listings against USDT for trading. Apparently, the exchange platform, especially after the lifting of the crypto ban in India, has been flourishing by leaps and bounds.
Notably, Elrond network has revealed the same update using its twitter handle,
WazirX seems to be the most influential platform in the region when it comes to cryptos. The exchange giant has userbase as vast as 600000. WazirX is already a member of the Binance ecosystem. Its sate of the art services makes the exchange to stand out of the crowd.
While the exchange shared this update to its users through a tweet, it also has announced a contest where it will be giving away 2,449 ERD each to 5 people who will retweet the tweet and respond to the same. The lucky winners also need to mention 3 friends in the reply. Moreover, this contest remained valid for 24 hours.
With this collaboration, Elrond is surely going to see enormous engagement to its coin, especially in India. As the nation is curious enough for the digital currency space and is one of the fastest-growing economies. Beniamin Mincu, the Founder & CEO at Elrond Network too has shown excitement for the partnership,
While the ongoing pandemic has caused the wheels of the financial world to see a slowdown, let us see where this partnership takes the crypto space in India.