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EGLD Price
$42.0205
-0.91%
24H Price Chart
Market Cap
$1.05B
24H Volume
$20.78M
Circ Supply
24.93M

Source: EGLDUSD Chart by TradingView

EGLD Market Stats

  • Price $42.0205
  • 1H Change -1.26%
  • 24H Change -0.91%
  • 7 Day Change -0.88%
  • 30 Day Change +25.64%
  • 1 Year Change -72.18%
  • All-Time High (ATH) $541.042
  • % From ATH -92.23%
  • ATH Date Nov 23, 2021

MultiversX Background

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.

MultiversX Video

MultiversX Technical Info

MultiversX Organization & Team

Lucian Todea
Lucian Todea

Co-Founder & COO

Lucian Mincu
Lucian Mincu

Co-Founder & CIO

All images, branding and wording is copyright of MultiversX. All content on this page is used for informational purposes only. CryptoSlate has no affiliation or relationship with the coins, projects or people mentioned on this page. Data is provided by CoinMarketCap, Coinpaprika and TradingView.