Elrond, now rebranded as MultiversX, has emerged as a high-performance blockchain platform designed to solve one of the most pressing challenges in the crypto space: scalability. With the ability to process up to 260,000 transactions per second (TPS)—surpassing even global payment giant Visa—MultiversX positions itself as a next-generation network for decentralized applications, digital assets, and metaverse ecosystems. Its native token, eGold (EGLD), powers transactions, staking, and governance within the network.
If you're considering investing in EGLD, this guide walks you through everything you need to know—from purchasing and storing to evaluating its long-term potential.
What Is MultiversX (Formerly Elrond)?
MultiversX, originally launched as Elrond, is a smart contract-enabled blockchain that leverages a unique architecture called adaptive sharding to achieve unprecedented speed and efficiency. Unlike older blockchains such as Bitcoin (7 TPS) and Ethereum (~15–30 TPS), MultiversX splits its network into smaller segments known as shards, allowing parallel processing of transactions and smart contracts.
This innovative design drastically reduces congestion, enabling:
- Near-instant transaction finality
- Extremely low fees (typically under $0.01)
- High throughput for decentralized apps (dApps) and NFT platforms
The rebranding to MultiversX in 2022 marked a strategic shift from being just a scalable blockchain to building an interconnected digital universe—supporting metaverse experiences, AI-driven services, and cross-chain interoperability.
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Understanding eGold (EGLD)
eGold (EGLD) is the native cryptocurrency of the MultiversX ecosystem. It serves multiple critical functions:
- Transaction fees: Users pay in EGLD to execute smart contracts or transfer assets.
- Staking rewards: Token holders can stake their EGLD to secure the network and earn passive income—historically offering annual yields between 15% and 20%.
- Governance: EGLD holders vote on protocol upgrades and network improvements, giving them a say in the platform’s evolution.
- Store of value: With a capped supply and growing utility, EGLD is increasingly seen as both a utility and investment asset.
Originally launched as an ERC-20 token on Ethereum, EGLD migrated to its own mainnet in 2020 at a 1:1000 conversion rate. Since then, it has delivered impressive returns, rising from around $9 to over $138 within just three months post-launch—a testament to strong early market confidence.
Today, EGLD trades at approximately $27.55**, with a market capitalization exceeding **$753 million, reflecting steady adoption despite broader crypto market fluctuations.
A Brief History of MultiversX
Founded in 2017 by brothers Beniamin Mincu and Lucian Mincu, along with tech entrepreneur Lucian Todea, MultiversX was built on years of blockchain research and development experience. The team previously founded Metachain Capital, a crypto-focused investment fund, giving them deep industry insight.
Key milestones:
- 2017: Project conception and initial exchange offering (IEO)
- 2020: Mainnet launch and migration of EGLD tokens
- 2022: Rebranded to MultiversX to reflect expanded vision for the metaverse and Web3 infrastructure
Despite facing stiff competition from established players like Ethereum and Solana, MultiversX continues to grow its developer community and expand use cases across gaming, identity management, and decentralized finance (DeFi).
How to Buy EGLD: Step-by-Step Guide
Purchasing EGLD is straightforward if you follow these steps on a reputable cryptocurrency exchange.
1. Choose a Supported Crypto Exchange
Not all platforms list EGLD, so it's essential to pick one that does. Top exchanges where you can buy EGLD include:
- Coinbase
- Binance.US
- Kraken
- Crypto.com
These platforms offer user-friendly interfaces, strong security measures, and regulatory compliance—ideal for both beginners and experienced traders.
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2. Create and Verify Your Account
To comply with Know Your Customer (KYC) regulations, you’ll need to provide:
- Full legal name
- Residential address
- Date of birth
- Government-issued ID
- Phone number
Verification usually takes minutes to a few hours, depending on the platform.
3. Fund Your Account
Once verified, deposit funds using one of several available methods:
- Bank transfer (ACH or wire)
- Debit/credit card (faster but may carry higher fees)
- Cryptocurrency deposit (e.g., send BTC or USDT from another wallet)
Choose the option that best fits your timeline and cost preferences.
4. Place Your EGLD Buy Order
Navigate to the trading section and search for the EGLD/USD or EGLD/BTC pair. You can place:
- Market order: Buy immediately at current price
- Limit order: Set your desired price and wait for execution
After confirming the trade details, execute your purchase. Your EGLD will appear in your exchange wallet shortly.
Where to Store Your EGLD Safely
Leaving tokens on an exchange exposes them to hacking risks. For long-term holding, consider secure storage options:
Best Hardware Wallet: Ledger
While support for EGLD is limited among hardware wallets, Ledger Nano S and Nano X devices are compatible via the Ledger Live app. This allows you to manage EGLD alongside other cryptocurrencies in a secure offline environment.
Best Software Wallet: MultiversX Wallet
Officially developed by the MultiversX team, the MultiversX Wallet (formerly Elrond Wallet) is a free, non-custodial solution available as a browser extension and mobile app. Features include:
- Secure key management
- One-click staking
- Direct access to dApps and NFT marketplaces
Since EGLD operates on its own blockchain (not ERC-20), standard Ethereum wallets like MetaMask cannot store it natively without custom network configuration.
Is EGLD a Good Investment?
EGLD presents compelling fundamentals:
✅ High scalability with real-world performance
✅ Low transaction costs
✅ Strong staking incentives
✅ Expanding ecosystem in DeFi, NFTs, and metaverse
However, challenges remain:
❌ Faces intense competition from Ethereum, Solana, and Avalanche
❌ Requires broader developer adoption to sustain growth
❌ Market sentiment remains sensitive to macroeconomic factors
While Ethereum still dominates the smart contract landscape due to its first-mover advantage and vast ecosystem, MultiversX offers a technically superior alternative—if it can attract enough builders and users.
For investors seeking exposure to scalable blockchain innovation beyond mainstream options, EGLD represents a strategic opportunity with significant upside potential.
Frequently Asked Questions (FAQ)
Q: Can I buy EGLD with U.S. dollars?
A: Yes. Most major exchanges like Coinbase and Kraken allow direct purchases of EGLD using USD via bank transfer or card payment.
Q: Is EGLD the same as Elrond?
A: Yes. EGLD was originally the token for the Elrond network. After the rebranding to MultiversX, the token name remained EGLD.
Q: How do I stake my EGLD?
A: You can stake through the official MultiversX Wallet or supported exchanges like Kraken. Staking rewards are distributed automatically over time.
Q: What makes MultiversX faster than Ethereum?
A: MultiversX uses adaptive sharding to split transaction loads across multiple parallel chains (shards), enabling massive throughput compared to Ethereum’s single-chain model.
Q: Can I use MetaMask to store EGLD?
A: Not directly. However, advanced users can add the MultiversX network manually to MetaMask, though using the official MultiversX Wallet is recommended for ease and security.
Q: Does MultiversX have plans for future upgrades?
A: Yes. The roadmap includes enhanced AI integration, cross-chain bridges, and expanded tools for developers building metaverse applications.
Final Thoughts
MultiversX (EGLD) stands at the intersection of speed, efficiency, and innovation in the blockchain space. Whether you're interested in staking for passive income, participating in network governance, or simply investing in a high-potential altcoin, EGLD offers diverse opportunities.
As digital economies evolve and demand for scalable infrastructure grows, projects like MultiversX could play a pivotal role in shaping the next era of the internet.
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