MultiversX (Elrond) EGLD
Report IssueElrond is a distributed transactional computing protocol based on a sharded state architecture and a secure Proof of Stake consensus mechanism. Using sharding, a method of parallelizing data processing and transactions, Elrond's performance will increase with the number of computers joining the network, reaching over 100,000 transactions per second with increasing decentralization.
Details
ByBit 
Gate 
Score Sentiment Neutral
Fundraising Statistics
$28.17 -2.28%
$0.65
EGLDMultiversX (Elrond)
USDCUSD Coin
Short Review MultiversX (Elrond)
Crypto project MultiversX (Elrond) (EGLD) is classified as a Blockchain. MultiversX (Elrond) is a Utility token that is hosted on the BSC (BEP-20) Network. The current total supply is 24.68 M EGLD (Circulating Supply + Tokens yet to be released - Burned Tokens). (44% of total tokens) have been allocated for the public sale. The level of social activity of the MultiversX (Elrond) project is assessed as High.
MultiversX (Elrond) ICO Overview
Public sale of tokens will take place on the Binance Launchpad. Estimated date for the public token sale: 2 July 2019. MultiversX (Elrond) (EGLD) price during the token sale: 0.65 USD. You can purchase project tokens for BNB
EGLD Price Chart
The launch of EGLD token trading took place on 3 September 2020.
Fundraising Rounds
Total sold 8.80 M EGLD tokens (0.44% of total tokens). Total amount of funds raised by the MultiversX (Elrond) project is $1.90 M.
| Investment Round | Date | Price | Funds Raised |
| Binance Launchpad | July 2, 2019 | $0.65 | -- |
| Private Sale | May 20, 2019 | $0.50 | $1.90 M |
MultiversX (Elrond) Investors
Binance Tier 1
Electric Capital Tier 1MultiversX (Elrond) News
MultiversX (Elrond) project news in real time.
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EGLD or eGold is a coin issued by the platform Elrond smart contracts. The main goal of the platform is to create an ecosystem of decentralized applications by combining decentralization with interconnectivity. Some believe that Elrond could become a competitor to Ethereum and Zilliqa. The platform is built on the Secure Proof-of-Stake (SPoS) consensus protocol.
Another important Elrond feature is called Adaptive State Sharding. It divides the network so that nodes only have to process a portion of the transactions. Elrond allows users to create applications, tokens and smart contracts. EGLD is a local cryptocurrency that is used to interact with applications and run smart contracts. This coin also serves as an incentive for users of the platform.
History of the MultiversX (EGLD) project
Elrond was founded in 2017 by Lucian Todea, Beniamin and Lucian Mincu. The team is a mixture of entrepreneurs and technical experts, which certainly provides a good basis for the development of the project. The company is based in Malta. In 2019, the company was able to raise $1.9 million from various investors. In the summer of 2019, Elrond also raised $3.25 million in an initial exchange offering (IEO), which cost the company 25% of its total token supply. At the same time, the first version of the coin was created. It was called the ERD coin. However, after the launch of the mainnet in 2020, the team decided to change the coin. This is how EGLD was born. All investors were given a transition period to exchange the initial coin for the latest one.
Advantages of MultiversX (EGLD)
- Variety of programming languages. Can be used to create applications on the platform.
- Speed. Sharding provides higher transaction speeds.
- Increasing price of EGLD. A limited number of coins ensures an increase in its price.
- SPoS helps run the blockchain in syntax. And is more modern and reliable than PoS.
Disadvantages of MultiversX (EGLD)
- No innovation. Some skeptics say that Elrond did not create anything innovative. However, it benefits from combining the best existing technologies to produce a better product.
