Elrond (EGLD) is the native utility token used for the Elrond blockchain platform for distributed apps, enterprise use cases and the new internet economy.
EGLD tokens are used on the Elrond Network to pay costs for processing transactions, running smart contracts, and rewards for various contributions.
How to deposit Elrond tokens
Depositing Elrond (EGLD) tokens to Bitfinex requires both:
On the deposit page, the deposit address is shown at the top, with the deposit Memo for each of your wallets shown below. To make a deposit to your Exchange wallet, for example, you will need to use the deposit address shown near the top and the deposit Memo next to your Exchange wallet.
Please note: Failing to include the Memo as is with no additional or missing symbols/spaces will cause significant delays in crediting the transaction to your account, and can deem the transaction irretrievable.