Binance has confirmed the launch of their Elrond project, accompanied by details on how the ERD token will be sold on the exchange. The project was initiated on June 22nd and has already started recording the users’ possession of BNB tokens, which it’s going to convert into a lottery format. Elrond will be the first project to initiate the IEO craze on Binance as it will be listed as a BEP2 asset on the exchange alongside its subsidiary Binance DEX. Elrond is planning to emit around 25% of the overall supply, totalling around 5 billion tokens worth $3 million. Binance