July 31, 2020 Elrond launches mainnet.

The smart contract platform Elrond has launched its mainnet while also reducing its token supply from 20 billion to 20 million as part of the migration. Users will be able to swap testnet tokens to their mainnet equivalents at a 1000:1 exchange rate. The network launch was also accompanied by the release of Elrond’s first application, Maiar, a DeFi dApp.