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What is MultiversX (EGLD) coin and how does it work?

by Financial Economy

MultiversX is a highly scalable, secure and decentralized blockchain network built to provide radically new applications for users, businesses, society and the new Metaverse frontier. The eGold (EGLD) Token can be thought of as the native token that powers the MultiversX network. In this article, you can find answers to questions such as what is MultiversX (EGLD) coin, how it works, how to get it, which exchange is available on, who is the founder, etc. You can browse here for information about Arbitrum (ARB) coin.

What is MultiversX (EGLD) coin and how does it work?

MultiversX is the most advanced Blockchain architecture in the world and the most effective ecosystem covering DEFI, NFTs, WEB3 and Metaverse. The vision of the MultiverseX ecosystem is to achieve a positive interaction between the physical world and the Metaverse world.

eGold (EGLD) is the native token that powers the MultiversX network. The benefit of this includes all core network functions such as staking, governance, transactions, smart contracts and validator rewards.

MultiverseX presents a new and ambitious vision by launching three new products that open a new bridge between the Metaverse and the real world:

Features of the MultiversX Ecosystem

Switching from Dial-Up Networking to Broadband and an Important UX Paradigm Shift

  • MultiversX is built from principles to address two key issues critical to widespread, global adoption:

Excellent Scalability

  • MultiversX Sharding is very ambitious to become the largest scalable Blockchain architecture in the world, providing scalability beyond 100,000 TPS.

Decentralized Security

  • MultiversX is one of the most decentralized blockchain architectures in the world, spanning over 3200 independent nodes distributed worldwide.

Inexpensive and Completely Harmless Systems Integrity

  • Transactions on MultiverseX are cheap at just $0.05\tx and are completely carbon negative, meaning harmless. Thus, each DEFI, NFT and DAO transactions are calculated and created.

Which exchange is EGLD coin on?

MultiversX coin is listed on some cryptocurrency exchanges such as Binance, OKX, Deepcoin, Bybit, Bitrue, etc.

How to buy EGLD coins?

MultiversX Token can be purchased from listed some cryptocurrency exchanges, like mentioned above. However, before trading, it is necessary to make sure that the exchange and the crypto project are “RELIABLE”. It is so important point for investors.

EGLD token supply!

According to specified, total supply of MultiversX coin is 25.337.043 units.

EGLD token price!

As of April 27, 2023, at the time of the writing, 1 MultiversX Token price is around $ 45,06 (because of the volatility on crypto market the price can change instantly).

Caution: The information contained in this content is for general informational purposes only. It is not investment advice.

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