In 2017, together with his brother Lucian Mincu, Beniamin Mincu co-founded Elrond to promote faster and safer distributed applications and disrupt the internet economy. To achieve a throughput of as much as 15,000 transactions per second, Elrond implements a cost-effective proof-of-stake algorithm. It functions as a means of payment and a value-dad. The network has a robust ecosystem that helps to power it with ecosystem partners like Orion, Centaur, and Helios Staking. As of December 18, 2020, the price of EGLD is $27.27 per coin, and it has a market capitalization of over $396.75 million. Out of a maximum supply of 31,41 million coins, there are over 14,54 million EGLD coins in circulation.