{"id":7321,"date":"2023-12-08T13:34:59","date_gmt":"2023-12-08T13:34:59","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=7321"},"modified":"2023-12-08T13:34:59","modified_gmt":"2023-12-08T13:34:59","slug":"what-is-multiversx-egld-coin","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/what-is-multiversx-egld-coin\/","title":{"rendered":"What is MultiversX (EGLD) Coin?"},"content":{"rendered":"<p><strong>MultiversX (EGLD)<\/strong> is a blockchain platform for scalable value transfer. Besides, <strong>EGLD Coin<\/strong> serves as the native cryptocurrency of the Elrond network and covers the fees for transactions performed on the network. Factors such as high security, fast transaction speed, low transaction fees, and energy efficiency distinguish the Elrond network from other blockchain platforms.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/what-is-multiversx-egld-coin\/#The_Team_and_the_Power_Behind_It\" title=\"The Team and the Power Behind It\">The Team and the Power Behind It<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/what-is-multiversx-egld-coin\/#The_Investors_and_Partners_of_MultiversX\" title=\"The Investors and Partners of MultiversX\">The Investors and Partners of MultiversX<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/what-is-multiversx-egld-coin\/#Road_Map_and_Ecosystem\" title=\"Road Map and Ecosystem\">Road Map and Ecosystem<\/a><ul class='ez-toc-list-level-5' ><li class='ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/coinengineer.net\/blog\/what-is-multiversx-egld-coin\/#Where_to_Buy_MultiversX_EGLD\" title=\"Where to Buy MultiversX (EGLD)?\">Where to Buy MultiversX (EGLD)?<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"The_Team_and_the_Power_Behind_It\"><\/span>The Team and the Power Behind It<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Behind MultiversX is a team with a deep vision for blockchain technology. The project, based in Romania, has a large team with offices in many different countries. Elrond, with offices in countries like Switzerland, Singapore, and India, stands out with its technical expertise and experience in blockchain.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_Investors_and_Partners_of_MultiversX\"><\/span>The Investors and Partners of MultiversX<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Among the investors in MultiversX are well-known names and corporate partnerships. The project&#8217;s strength and potential are supported by leading investment funds and blockchain technology companies.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-7878 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/11\/MultiversX.jpg\" alt=\"MultiversX\" width=\"768\" height=\"443\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/11\/MultiversX.jpg 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/11\/MultiversX-300x173.jpg 300w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/><\/p>\n<p><strong>Project Concept and Operation<\/strong><\/p>\n<p>MultiversX is a blockchain platform that offers low-cost and fast transactions. While EGLD Coin is used for these transactions, it offers incentives to token holders on the network. Participants receive economic incentives based on their performance and contributions to the network.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-7879 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/11\/MultiversX-Ecosystem.jpeg\" alt=\"MultiversX Ecosystem\" width=\"768\" height=\"425\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/11\/MultiversX-Ecosystem.jpeg 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/11\/MultiversX-Ecosystem-300x166.jpeg 300w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Road_Map_and_Ecosystem\"><\/span><span style=\"font-size: 120%;\">Road Map and Ecosystem<\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>The MultiversX roadmap focuses on continually increasing the network&#8217;s scalability and performance. Additionally, the project has a wide ecosystem that includes different applications and collaborations.<\/p>\n<p><strong>EGLD<\/strong> has shown a rise of approximately 130% since last October. It is currently trading at a level of <strong>$44<\/strong>.<\/p>\n<p><strong>EGLD Market Data<\/strong><\/p>\n<ul>\n<li class=\"sc-26ba3ba-1 gtqeBx\">\n<div class=\"sc-26ba3ba-1 gtqeBx\">Circulating supply:<strong> 26,258,626 EGLD<\/strong><\/div>\n<\/li>\n<li class=\"sc-26ba3ba-1 gtqeBx\">\n<div class=\"sc-26ba3ba-1 gtqeBx\">Total supply:<strong> 26,263,778 EGLD<\/strong><\/div>\n<\/li>\n<li class=\"sc-26ba3ba-1 gtqeBx\">\n<div class=\"sc-26ba3ba-1 gtqeBx\">Maximum supply: <strong>31,415,926 EGLD<\/strong><\/div>\n<\/li>\n<\/ul>\n<h5><span class=\"ez-toc-section\" id=\"Where_to_Buy_MultiversX_EGLD\"><\/span><span style=\"font-size: 120%;\">Where to Buy MultiversX (EGLD)?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p><strong>EGLD Coin<\/strong> is traded on many exchanges such as <strong><a href=\"https:\/\/accountsb binance.com\/en\/register?ref=B4DLQJE0\">Binance<\/a><\/strong>, <strong>OKX<\/strong>, <strong>Bybit<\/strong>, <strong><a href=\"https:\/\/www.mexc.com\/register?inviteCode=16GZj\">MEXC<\/a><\/strong>, <strong><a href=\"https:\/\/www.kucoin.com\/ucenter\/signup?rcode=rJUEYGG\">Kucoin<\/a><\/strong>. Also, you can access the reference links by clicking <a href=\"https:\/\/coinengineer.net\/blog\/exchanges\"><strong>HERE<\/strong><\/a> to sign up discounted for exchanges.<\/p>\n<hr \/>\n<p><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Also, feel free to share your thoughts on the topic in the comments. Besides, don\u2019t forget to follow us on <\/em><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineer\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram<\/strong><\/a>,\u00a0<em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/CoinEngineer\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>, and\u00a0<\/em><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"> for more analysis and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MultiversX (EGLD) is a blockchain platform for scalable value transfer. Besides, EGLD Coin serves as the native cryptocurrency of the Elrond network and covers the fees for transactions performed on the network. Factors such as high security, fast transaction speed, low transaction fees, and energy efficiency distinguish the Elrond network from other blockchain platforms. The<\/p>\n","protected":false},"author":1,"featured_media":7902,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,5],"tags":[22,654,312,2861,2862,653,154,2086,816],"class_list":["post-7321","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin-projects","category-project-review","tag-binance","tag-bybit","tag-ecosystem","tag-egld","tag-elrond-network","tag-kucoin","tag-mexc","tag-multiversx","tag-okx"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is MultiversX (EGLD) Coin? - Coin Engineer<\/title>\n<meta name=\"description\" content=\"MultiversX (EGLD) is a blockchain platform for scalable value transfer. 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