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About MultiversX
Disclosures
MultiversX risk
This material is for informational purposes only and is not exhaustive of all risks associated with trading MultiversX. All crypto assets are risky, there are general risks in investing in MultiversX. These include volatility risk, liquidity risk, demand risk, forking risk, cryptography risk, regulatory risk, concentration risk & cyber security risk. This is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold crypto assets; or (iii) financial, accounting, legal or tax advice. Profits may be subject to capital gains tax. You should carefully consider whether trading or holding crypto assets is suitable for you in light of your financial situation. Please review the Risk Summary for additional information.
Investment Risk
The performance of most crypto assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto assets.
Lack of Protections
Crypto assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto asset investments.
Liquidity Risk
There is no guarantee that investments in crypto assets can be easily sold at any given time.
Complexity
Investments in crypto assets can be complex, making it difficult to understand the risks associated with the investment. You should do your own research before investing. If something sounds too good to be true, it probably is.
Concentration Risk
Don't put all your eggs in one basket. Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on anyone to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments.
Five questions to ask yourself
- Am I comfortable with the level of risk? Can I afford to lose my money?
- Do I understand the investment and could I get my money out easily?
- Are my investments regulated?
- Am I protected if the investment provider or my adviser goes out of business?
- Should I get financial advice?
MultiversX’s price performance
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Guides
MultiversX FAQ
Elrond has a capped total supply of 31.4 million tokens and a circulating supply of 23.15 million. The remaining EGLD will be gradually released over the next ten years until it reaches its maximum supply.
Easily buy EGLD tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include EGLD/USDT and EGLD/USDC.
Swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for EGLD with zero fees and no price slippage by using OKX Convert.
When buying EGLD or any other cryptocurrency, it is crucial to approach the decision thoughtfully. Consider personal financial circumstances, risk tolerance, and trading goals thoroughly. Conducting rigorous research, evaluating the project's fundamentals, analyzing market conditions, and seeking guidance from a financial advisor, if necessary, are recommended steps before making any trading decisions.
Dive deeper into MultiversX
Elrond is a software protocol that makes blockchain technology secure, globally scalable, and interoperable. Its sharded architecture allows for the seamless execution of smart contracts with low transaction fees and near-instantaneous speeds.
Elrond's software infrastructure comprises two unique features — Adaptive State Sharding and a Secure Proof-of-Stake (SPoS) consensus mechanism. The network also uses the Elrond WASM VM, a fast virtual machine that can run smart contracts in any programming language and compile to WebAssembly.
Adaptive sharding occurs at every level, including transaction, data, and network. This means the infrastructure can dynamically adapt to provide high throughput and speed. The sharding mechanism automatically merges or splits based on network usage or the number of validator nodes available. To improve efficiency, Elrond employs sharding in its consensus mechanism. SPoS consensus selects consensus validator nodes from shards via a random source that cannot be predicted or influenced. The validator uses a modified BLC multi-signature scheme to validate blocks.
Elrond also has an integrated development environment, which allows developers to collaborate, write, and create programs and applications for users on the platform. Users can also create their own Elrond Standard Digital Token, marketed as an improved version of ERC-20.
Elrond's native cryptocurrency, EGLD, has a variety of applications. The network's primary circulation coin is used for validator rewards, staking, transactions, and smart contract payments. It is also a necessary component of the platform's governance mechanism.
EGLD price and tokenomics
The total token supply of the project is limited to 31.42 million. Following the initial release of 20 million tokens, the network intends to gradually release eGLD over the next ten years until it reaches its maximum supply. Elrond's tokens were initially available on the Binance Chain as ERD. It was later renamed EGLD. A little more than 20 million tokens are currently in circulation.
EGLD reached its all-time high price of $490 on November 23, 2021. This increase followed the project's $1.29 billion liquidity incentive program announcement. In June 2019, the project raised $1.9 million in private investment rounds at $0.5 per token. In its initial exchange offering (IEO), it exchanged 25% of its total token supply for $3.25 million at $0.65 per token.
A fourth of the token supply was made available for public sale, with the remaining 15% reserved for private sale. 5% are reserved for future rounds, and the remaining tokens are allocated to staking rewards, grants, community, advisors, the company, and the team.
About the founders
Established in 2017 by Lucian Todea, Beniamin Mincu, and Lucian Mincu, Elrond is run by the Malta-based company Elrond Network, which is responsible for the project's growth. Before founding Elrond, CEO Mincu was Head of Product and Business at Nem Core. He also co-founded MetaChain Capital, a premier digital assets investment fund, with his brother and engineer, Mincu.
Todea is the founder and CEO of Soft32. He is also a partner in mobilPay and an angel investor in Typing DNA and Smart Bill. The network also includes a strong team of entrepreneurs, engineers, and developers with impressive experience and success track record.
Elrond highlights
Elrond announces the largest DeFi liquidity incentive program
In November 2021, Elrond announced a $1.29 billion liquidity incentive program for its Maiar DEX DeFi platform. The project used the native token, MEX, to distribute $282 million among its DEX users.
"By distributing Maiar DEX ownership to the subsequent billion users, the project sought to lay the foundation for a truly global financial system that is accessible to everyone, everywhere," said CEO Beniamin Mincu.
Runtime Verification extends commitment towards Elrond
Elrond uses the NASA-pioneered Runtime Verification framework to develop its protocol, core components, and applications. Having worked with the Runtime Verification team since its inception, Elrond announced that it had extended its commitment to the Elrond Ecosystem by becoming a non-custodial staking provider.
This will provide EGLD delegation services to the ecosystem and significantly contribute to network security and decentralization. The Runtime Verification staking pool had five active nodes as of September 16, 2022, and offered ±11% APR with a capped delegation limit.
Disclaimer
OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.