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About EGLD

MultiversX (EGLD) is a cryptocurrency launched in 2020. EGLD has a current supply of 26.66M with 26.65M in circulation. The last known price of EGLD is 68.03 USD and is -0.820808767841 over the last 24 hours. It is currently trading on active market(s) with $80.53M traded over the last 24 hours. More information can be found at https://multiversx.com/.

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EGLD Price Statistics
EGLD’s Price Today
24h Price Change
-$0.8208087678411.19%
24h Volume
$80.53M18.32%
24h Low / 24h High
$36.22 / $37.68
Volume / Market Cap
0.044413478218
Market Dominance
0.07%
Market Rank
#68
EGLD Market Cap
Market Cap
$1.81Bn
Fully Diluted Market Cap
$2.14Bn
EGLD Price History
7d Low / 7d High
$33.77 / $38.02
All-Time High
$542.58Nov 23, 2021
All-Time Low
$6.54Oct 07, 2020
EGLD Supply
Circulating Supply
26.65M
Total Supply
26.66M
Max Supply
31.42M
Updated Mar 05, 2024 9:47 pm
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EGLD
MultiversX
$68.03
$0.820808767841(-1.19%)
Mkt Cap $1.81Bn
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Frequently Asked Questions

  • What Is MultiversX (EGLD)?

    MultiversX is a blockchain protocol that seeks to offer extremely fast transaction speeds by using sharding. The project describes itself as a technology ecosystem for the new internet, which includes fintech, decentralized finance and the Internet of Things. Its smart contracts execution platform is reportedly capable of 15,000 transactions per second, six-second latency and a $0.001 transaction cost.

    MultiversX rewards the community and active participants with EGLD tokens. EGLD, or Electronic Gold, is Elrond's native token. It acts as a store of value currency to pay for network usage. The coin also serves as a medium of exchange between platform users and validators. Users pay transaction fees in EGLD and validators provide services.

    EGLD allows developers to deploy smart contracts, protocols, and dApps on the platform. It empowers participants to perform any network action. Through staking and validation rewards, as well as transaction fees, EGLD manages the Elrond network. Plus, EGLD is endowed with the functionality of a governance token, so its holders can vote on network decisions.

    MultiversX was first announced in August 2019, and its mainnet went live in July 2020.

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  • Who Are the Founders of MultiversX?

    MultiversX was co-founded in late 2017 by brothers Beniamin and Lucian Mincu alongside Lucian Todea as a solution to the problem of blockchain scalability, which they thought to be the most pressing problem facing the industry.

    Prior to MultiversX, Beniamin and Lucian Mincu co-founded MetaChain Capital, a digital asset investment fund, with Beniamin Mincu serving as CEO and Lucian Mincu as chief technology officer. The two also co-founded ICO Market Data, an aggregator of information around initial coin offerings.

    Beniamin Mincu was also responsible for product, marketing and community for blockchain platform NEM from 2014 to 2015, in addition to being an early investor in projects such as Zilliqa (ZIL), Tezos (XTZ), Brave and Binance. Lucian Mincu has additional experience as an information technology engineer and security specialist, having worked with Uhrenwerk 24, Cetto and Liebl Systems.

    Lucian Todea is a serial tech entrepreneur who previously founded and served as CEO of Soft32, a software review and download site, and a partner of mobilPay, a mobile payments application. He is also an angel investor, having invested in biometrics tech company TypingDNA and accounting platform SmartBill.

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  • What Makes MultiversX Unique?

    MultiversX describes itself as a blockchain platform for the new internet economy, decentralized applications and enterprise use. Its main selling point is its high scalability, stating that it is the first blockchain network in which state, network and transaction sharding have all been implemented. According to its economics paper, it seeks to build up its ecosystem and establish EGLD as a store-of-value asset.

    To achieve this goal, the network runs on 3,200 validator nodes split into four shards: three execution shards, capable of 5,400 transactions per second each, and one coordination shard, the "Metachain." MultiversX's adaptive state sharding architecture completely shards state, transactions and network. It can scale by adding an additional shard when the throughput demand is unmet. It was tested to run 263,000 TPS in a public environment with 1,500 nodes from 29 countries grouped in 50 shards.

    In order to increase adoption, the project also supports developers building on the platform, allowing them to earn 30% of the smart contract fees as royalties.

    The company maintains a supply of EGLD tokens to stake on the network during its first year, with validator nodes receiving a 36% annual percentage rate.

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  • How Does MultiversX Work?

    According to the MultiversX crypto team, the project implements three types of segmentation: state, transactions, and network, using the parallel processing method to speed up the time and increase the number of transactions.

    MultiversX is a comprehensive software that uses Adaptive State Sharding to scale while sharing infrastructure to support a growing number of applications/transactions on the ledger. A variation of the traditional PoS operational protocol guarantees the connection to the platform of all sections of the network, separated during sharding. Hence, the integrated environment is involved in the development of dApps, which are imitations of products and services.

    MultiversX developers combined three sharding methods to create their own unique adaptive one. They divide the network into four shards: three shards are execution shards that process transactions, validating 5400 transactions per second, and Metachain is the fourth shard that coordinates and completes transactions.

    Sharding types include: State sharding where the history of the network, or state, is distributed across different sections of the network, or shards. Segments have their own ledger, nodes store the state of each segment; Transaction sharding where transactions are mapped to segments and processed, segments process transactions in parallel and nodes capture the state of the entire network; Network sharding where the nodes are grouped into segments and then processed. Network slicing contributes to optimizing communications.

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  • How Many MultiversX (EGLD) Coins Are There in Circulation?

    The MultiversX economic model has a limited supply that starts at 20,000,000 EGLD, with new tokens minted to reward network validators. The maximum supply can never exceed 31,415,926 EGLD, but this number will decrease as more transactions are processed.

    MultiversX's native token was first made available for purchase through a private sale, in which 19% of its initial supply was sold, with 7.5% made available immediately upon token generation and another 15.41% released every three months. MultiversX also held an initial exchange offering on Binance, in which 25% was sold and made available immediately.

    Of the remaining 56%, 7% was reserved for ecosystem rewards, with 50% released immediately and 50% after six months; 8.5% for marketing, grants and an accelerator pool for DApp developers, with 81.17% released immediately and 9.41% every six months; 2% for a community fund, with 33.3% released immediately, 33.3% after six months and 33.3% after 12 months; 2.5% for advisors, released after one year; 19% for MultiversX's founders and core team members, with 10% released after six months, 10% after 12 months, 15% after 18, 24, 30 and 36, and 20% after 42 months; and 17% for the company for ecosystem support, with 33.3% that can only be used for staking during the first year released immediately and 66.6% released in three equal installments over three years, starting after one year.

    MultiversX's tokens were first issued on Binance Chain under the name ERD with a total supply of 20 billion. 500 million were burned in November 2019 and minted on the Ethereum blockchain as ERC-20 tokens, and the company launched a token swap event in September 2020 for token holders to swap their ERC-20 and BEP-2 tokens for mainnet EGLD tokens. During the process, the total token supply was reduced from 20 billion to 20 million by setting the swap ratio at 1,000 ERD for 1 EGLD.

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  • How Is MultiversX Secured?

    MultiversX uses what it calls a secure proof-of-stake consensus algorithm in which nodes must stake their EGLD tokens to participate in the validation process, and each validator is assigned a rating score based on past activity, which also influences whether or not they are selected. If a validator's rating becomes too low, it will not be selected and must pay fines. Validators can also be removed from the network and have their stakes slashed if they continuously act in a manner that is against the integrity of the network.

    Validators are randomly selected in a way that can be neither predicted nor modified based on the previous round of validations. In addition, validators are periodically shuffled between shards as a way to prevent collusion. Nodes communicate among one another using modified Boneh-Lynn-Shacham, or BLS, multi-signatures for strong cryptographic protection.

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  • Where Can You Buy MultiversX (EGLD)?

    EGLD can be purchased on cryptocurrency exchanges such as Binance, OKEx, Bitfinex and BitMax. It can be traded against fiat currencies such as the U.S. dollar and Indonesian rupiah, cryptocurrencies such as Bitcoin (BTC) and Binance Coin (BNB), and stablecoins such as Tether (USDT) and Binance USD (BUSD). It can be bought and sold on both spot and derivatives markets.

    Are you interested in buying EGLD or other cryptocurrencies such as Bitcoin? CoinMarketCap has a simple, step-by-step guide to teach you all about crypto and how to buy your first coins.

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  • What is the all-time high price of MultiversX (EGLD)?

    The all-time high of EGLD was 542.58 USD on 2021-11-23, from which the coin is now down 87.4617567916252%. The all-time high price of MultiversX (EGLD) is 542.58. The current price of EGLD is down 87.4617567916252% from its all-time high.

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  • How much MultiversX (EGLD) is there in circulation?

    As of , there is currently 26.65M EGLD in circulation. EGLD has a maximum supply of 31.42M.

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  • What is the market cap of MultiversX (EGLD)?

    The current market cap of EGLD is 1.81Bn. It is calculated by multiplying the current supply of EGLD by its real-time market price of 68.03.

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  • What is the all-time low price of MultiversX (EGLD)?

    The all-time low of EGLD was 6.54 , from which the coin is now up 940.2140672782874%. The all-time low price of MultiversX (EGLD) is 6.54. The current price of EGLD is up 940.2140672782874% from its all-time low.

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  • Is MultiversX (EGLD) a good investment?

    MultiversX (EGLD) has a market capitalization of $1.81Bn and is ranked #68 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze MultiversX (EGLD) price trends and patterns to find the best time to purchase EGLD.

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