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Elrond IEO opens on Binance for trading, starts off trading at 12x

Elrond IEO has finally concluded and opened earlier this morning for trading on Binance, hitting 12x on opening.

While Binance's latest Initial Exchange Offering (IEO) appeared to have gained a lot of attention, the proof was in the pudding as it currently trading at 12x the IEO price. 

The massive surge in price, was due to the cheap token metrics, allowing IEO invstors to get a handful of tokens for a very promising project at only $0.00065 each. The price in satoshis averaged roughly 6 satoshis. 

Following the launch of trading on Binance, which saw several pairs against Elrond (ERD) token opened, inlcuding BTC, BNB and USDT, the price remained stable at 72 satoshis, a whopping 12x the IEO price. 

Within the first 30 minutes of trading, ERD/BTC pair had seen over 4,600 BTC volume as Binance IEOs continue to see massive trading volume.

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