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SoSo Value is a one-stop financial research platform for Crypto investors. We provide meticulously curated and up-to-date information on cry
SoSo ValueGmx In-depth Report by AI
Gmx In-depth Report Generated by AI - For further details, please review: https://sosovalue.xyz/zh/trade/GMX-USDT-BINANCE1)What is gmx (GMX)?GMX (GMX) is a utility and governance token primarily used within a decentralized derivatives market. The market operates on the Ethereum layer-2 solution, Arbitrum. This platform enables users to engage in spot trading and trade perpetuals, which are types of financial derivatives. GMX was initially launched as Gambit Financial on the BNB chain before r...
SoSo ValueTerra Luna Classic In-depth Report by AI
Terra Luna Classic In-depth Report Generated by AI - For further details, please review: https://sosovalue.xyz/zh/trade/LUNC-USDT-BINANCE1)What is terra-luna（LUNC）?Terra Luna Classic (LUNC) is a cryptocurrency that originated from the Terra blockchain ecosystem, which experienced a significant collapse in May 2021. The Terra ecosystem, developed by Terraform Labs and co-founded by Do Kwon and Daniel Shin, initially aimed to offer stablecoins pegged to various fiat currencies like the US dolla...
SoSo ValueKlaytn In-depth Report by AI
Klaytn In-depth Report Generated by AI - For further details, please review: https://sosovalue.xyz/zh/trade/KLAY-USDT-BINANCEWhat is klay（KLAY）?Klay (KLAY) is a cryptocurrency native to the Klaytn blockchain platform, which was developed by the South Korean internet giant Kakao Corp. Klaytn is a public blockchain platform focusing on integrating the distributed governance and decentralized control of public blockchains with the low latency and high scalability of private blockchains, in an ef...
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MultiversX In-depth Report Generated by AI - For further details, please review:
https://sosovalue.xyz/zh/trade/EGLD-USDT-BINANCE
Elrond (EGLD) is a significant and innovative player in the blockchain space. Here's a comprehensive overview based on the latest available information:
Nature and Purpose of Elrond (EGLD): EGLD is the native cryptocurrency of the Elrond network, a blockchain platform. The primary roles of EGLD include paying transaction fees, staking, and rewarding validators within the Elrond ecosystem. This positions EGLD as a crucial element for maintaining and operating the Elrond network
Elrond's Blockchain Platform: Elrond stands out as a highly scalable, fast, and secure blockchain platform. Founded in 2017, it is designed for distributed applications and enterprise use cases, aiming to revolutionize the new internet economy. The Elrond network seeks to deliver faster and more cost-effective transactions through smart contracts operated by a distributed network of computers. This makes it an attractive option for developers and businesses looking for efficient blockchain solutions
Technical Advancements and Scalability Solutions: As a layer 1 blockchain, Elrond targets the scalability issues that larger chains like Ethereum face. It utilizes a Secure-Proof-of-Work consensus mechanism, enhancing the security and efficiency of its operations. This focus on scalability and security positions Elrond as a competitive and robust blockchain solution in the market
Governance and Ecosystem: Elrond not only manages its network but also allows EGLD holders to participate in governance decisions. This aspect of EGLD confers it the functionality of a governance token, empowering its community in the network's evolution and decision-making processes. MultiversX, previously known as Elrond, further expands the scope of the platform, emphasizing its role as a technology ecosystem for the new internet, encompassing areas like fintech
MultiversX and Network Scaling: MultiversX, the rebranded version of Elrond, is a blockchain-based platform built for speed, security, and scalability. It represents an innovative approach to current blockchain technologies, aiming to create a network powerful enough to operate at an "internet scale." This rebranding and focus on scaling highlight Elrond's commitment to evolving and meeting the demands of the growing blockchain and cryptocurrency space
Elrond (EGLD) belongs to the public blockchain sector in the blockchain field. Public blockchains are decentralized networks that anyone can join and participate in. They are known for their security, transparency, and immutability. Elrond itself is a high-throughput public network that focuses on unlimited scalability and unparalleled efficiency, combining a secure Proof-of-Stake (PoS) algorithm with Adaptive State Sharding mechanism, capable of processing over 10,000 transactions per second at a low cost and with a 5-second latency. The current situation and development prospect of the public blockchain sector are multifaceted and evolving:
Widespread Adoption and Productivity: Blockchain and distributed ledger technologies (DLTs) are no longer just theoretical concepts but are being implemented in real-world scenarios across various industries. These technologies are transforming how companies manage identity, data, brand, provenance, professional certifications, copyrights, and other tangible and digital assets. The focus is shifting from purely speculative blockchain projects to those delivering tangible benefits
Maturing Technologies and Regulatory Standards: Initial blockchain and DLT platforms faced challenges like slow transaction speeds, high energy consumption, and scalability issues. However, evolving technologies, improved consensus mechanisms like proof-of-authority, and new delivery models are boosting enterprise adoption. The focus is now on nonpublic and permissioned networks, which offer more security and privacy, as well as improved interoperability among different blockchain platforms
Diversifying Beyond Financial Services: While the financial services industry has been a frontrunner in leveraging blockchain, the benefits are extending to other sectors. These include healthcare, telecommunications, media, entertainment, manufacturing, retail, consumer goods, and government services. This diversification is driven by the need for secure, efficient transactions and shared data access across different organizational boundaries
Emerging Use Cases: Blockchain is enabling new use cases like self-sovereign data and digital personal identity, trusted data-sharing among third parties, intercompany accounting, supply chain transparency, and creator monetization. These applications show the potential of blockchain in enhancing data security, improving operational efficiency, and offering new ways for creators to monetize their intellectual property
Total and Circulating Supply: The maximum token supply of EGLD is capped at 31,415,926 tokens. As of the latest data, the circulating supply is 24,082,116 EGLD, which is approximately 76.65% of the maximum supply
Token Supply Distribution: The distribution of EGLD tokens is as follows:
Launchpad sale tokens: 25% of the total supply.
Private sale tokens: 19% of the total supply.
Team tokens: 19% of the total supply.
Reserve tokens: 17% of the total supply.
Advisors: 2.5% of the total supply.
Ecosystem Rewards tokens: 7% of the total supply.
Marketing tokens: 8.5% of the total supply.
Community tokens: 2% of the total supply
Token Release Schedule: EGLD tokens are released into circulation on a monthly basis. However, I was unable to retrieve the detailed monthly breakdown of the token release schedule during my search
Elrond, now known as MultiversX, was founded in 2017 by a team comprising Lucian Todea and brothers Beniamin and Lucian Mincu. The team's background is quite diverse and rich in experience. Beniamin Mincu, serving as the CEO and co-founder, was an early blockchain pioneer in Europe. His prior roles include working with the Nem Core team in 2014 and founding MetaChain Capital, a digital asset investment fund. Lucian Mincu, along with his brother, also co-founded MetaChain Capital, as well as ICO Market Data, which aggregates information about initial coin offerings. Lucian Todea, the third co-founder, is the Founder/CEO of Soft32, a software review and download site.
Regarding the funding history of Elrond, the project saw significant financial support through various rounds. Initially, in June 2019, Elrond had a private investment round that raised $1.9 million from different angel investors. This was followed by an Initial Exchange Offering (IEO), which further raised $3.25 million. In total, Elrond has raised $1.9 million over two funding rounds. Notably, Skynet EGLD Capital and Binance Labs are among the most recent investors in the project
Here is a chronological list of significant events and milestones in the development of Elrond (EGLD), also known as MultiversX:
2017: The Elrond project begins, conceptualized by brothers Beniamin and Lucian Mincu, and Lucian Todea.
June 2019: Private investment round, raising $1.9 million from several investors.
July 2019: Elrond held an Initial Exchange Offering (IEO) on Binance, raising $3.25 million.
July 2020: Official launch of the Elrond project.
January 2021: Launch of Maiar App, a digital wallet and global payments app.
November 2021: Launch of Maiar Exchange, the first Decentralized Exchange on the Elrond blockchain, and the introduction of Maiar Launchpad, a decentralized incubator for distributed apps and enterprises.
2022: Elrond's acquisition of Twispay, a financial institution licensed to provide payment services in the European Economic Area, was approved by the Romanian central bank. This was a significant step towards bridging traditional finance and the cryptocurrency industry
Elrond has ambitious plans that emphasize continuous innovation and improvement. The team envisions a future where blockchain technology integrates seamlessly into daily life, empowering individuals and businesses. Key upcoming developments include the implementation of ESDT standards for tokens, NFT support, and increased interoperability, positioning Elrond to stay at the forefront of blockchain innovation and drive the adoption of decentralized technologies
Official Website:
Twitter:
https://twitter.com/ElrondNetwork
Telegram:
GitHub:
https://github.com/ElrondNetwork
As of late 2023, Elrond's market capitalization stood at approximately $1.13 billion, with a circulating supply of 26.27 million EGLD out of a maximum supply of 31.42 million EGLD. The current price was around $43.14. Looking at the future prospects, various sources offer different perspectives:
CoinMarketCap: As of November 30, 2023, the general sentiment around MultiversX (Elrond) was bearish, with 12 technical analysis indicators signaling bullish signals and 16 signaling bearish signals. The 200-day SMA was expected to rise to $35.10 by the end of December 2023, while the short-term 50-Day SMA was estimated to hit $50.62. The RSI value was at 59.47, indicating a neutral market position
CoinCodex: Their prediction suggested a slight decrease in EGLD's price to $43.02 by December 5, 2023. The overall sentiment was bearish, with the Fear & Greed Index showing 74 (Greed). Over the last 30 days, EGLD had 18/30 (60%) green days with 14.72% price volatility. For the long term, CoinCodex estimated the yearly low for 2024 at $43.02 and a high of $335.56. They provided price predictions for each year up to 2030, showing varying levels of growth and retraction
Coinpedia: They predicted that Elrond might reach as high as $48.31 by the end of 2023. In a bullish scenario, the price of EGLD could reach $211.06 by 2030. They anticipated the year 2024 to be bullish for the crypto industry, marking Bitcoin’s halving year. By 2025, EGLD might focus on enhancing scalability and interoperability, with a potential price increase. The projections for 2026 to 2030 suggest a steady increase in the price of EGLD, with it potentially reaching between $179.66 to $211.06 by 2030
MultiversX In-depth Report Generated by AI - For further details, please review:
https://sosovalue.xyz/zh/trade/EGLD-USDT-BINANCE
Elrond (EGLD) is a significant and innovative player in the blockchain space. Here's a comprehensive overview based on the latest available information:
Nature and Purpose of Elrond (EGLD): EGLD is the native cryptocurrency of the Elrond network, a blockchain platform. The primary roles of EGLD include paying transaction fees, staking, and rewarding validators within the Elrond ecosystem. This positions EGLD as a crucial element for maintaining and operating the Elrond network
Elrond's Blockchain Platform: Elrond stands out as a highly scalable, fast, and secure blockchain platform. Founded in 2017, it is designed for distributed applications and enterprise use cases, aiming to revolutionize the new internet economy. The Elrond network seeks to deliver faster and more cost-effective transactions through smart contracts operated by a distributed network of computers. This makes it an attractive option for developers and businesses looking for efficient blockchain solutions
Technical Advancements and Scalability Solutions: As a layer 1 blockchain, Elrond targets the scalability issues that larger chains like Ethereum face. It utilizes a Secure-Proof-of-Work consensus mechanism, enhancing the security and efficiency of its operations. This focus on scalability and security positions Elrond as a competitive and robust blockchain solution in the market
Governance and Ecosystem: Elrond not only manages its network but also allows EGLD holders to participate in governance decisions. This aspect of EGLD confers it the functionality of a governance token, empowering its community in the network's evolution and decision-making processes. MultiversX, previously known as Elrond, further expands the scope of the platform, emphasizing its role as a technology ecosystem for the new internet, encompassing areas like fintech
MultiversX and Network Scaling: MultiversX, the rebranded version of Elrond, is a blockchain-based platform built for speed, security, and scalability. It represents an innovative approach to current blockchain technologies, aiming to create a network powerful enough to operate at an "internet scale." This rebranding and focus on scaling highlight Elrond's commitment to evolving and meeting the demands of the growing blockchain and cryptocurrency space
Elrond (EGLD) belongs to the public blockchain sector in the blockchain field. Public blockchains are decentralized networks that anyone can join and participate in. They are known for their security, transparency, and immutability. Elrond itself is a high-throughput public network that focuses on unlimited scalability and unparalleled efficiency, combining a secure Proof-of-Stake (PoS) algorithm with Adaptive State Sharding mechanism, capable of processing over 10,000 transactions per second at a low cost and with a 5-second latency. The current situation and development prospect of the public blockchain sector are multifaceted and evolving:
Widespread Adoption and Productivity: Blockchain and distributed ledger technologies (DLTs) are no longer just theoretical concepts but are being implemented in real-world scenarios across various industries. These technologies are transforming how companies manage identity, data, brand, provenance, professional certifications, copyrights, and other tangible and digital assets. The focus is shifting from purely speculative blockchain projects to those delivering tangible benefits
Maturing Technologies and Regulatory Standards: Initial blockchain and DLT platforms faced challenges like slow transaction speeds, high energy consumption, and scalability issues. However, evolving technologies, improved consensus mechanisms like proof-of-authority, and new delivery models are boosting enterprise adoption. The focus is now on nonpublic and permissioned networks, which offer more security and privacy, as well as improved interoperability among different blockchain platforms
Diversifying Beyond Financial Services: While the financial services industry has been a frontrunner in leveraging blockchain, the benefits are extending to other sectors. These include healthcare, telecommunications, media, entertainment, manufacturing, retail, consumer goods, and government services. This diversification is driven by the need for secure, efficient transactions and shared data access across different organizational boundaries
Emerging Use Cases: Blockchain is enabling new use cases like self-sovereign data and digital personal identity, trusted data-sharing among third parties, intercompany accounting, supply chain transparency, and creator monetization. These applications show the potential of blockchain in enhancing data security, improving operational efficiency, and offering new ways for creators to monetize their intellectual property
Total and Circulating Supply: The maximum token supply of EGLD is capped at 31,415,926 tokens. As of the latest data, the circulating supply is 24,082,116 EGLD, which is approximately 76.65% of the maximum supply
Token Supply Distribution: The distribution of EGLD tokens is as follows:
Launchpad sale tokens: 25% of the total supply.
Private sale tokens: 19% of the total supply.
Team tokens: 19% of the total supply.
Reserve tokens: 17% of the total supply.
Advisors: 2.5% of the total supply.
Ecosystem Rewards tokens: 7% of the total supply.
Marketing tokens: 8.5% of the total supply.
Community tokens: 2% of the total supply
Token Release Schedule: EGLD tokens are released into circulation on a monthly basis. However, I was unable to retrieve the detailed monthly breakdown of the token release schedule during my search
Elrond, now known as MultiversX, was founded in 2017 by a team comprising Lucian Todea and brothers Beniamin and Lucian Mincu. The team's background is quite diverse and rich in experience. Beniamin Mincu, serving as the CEO and co-founder, was an early blockchain pioneer in Europe. His prior roles include working with the Nem Core team in 2014 and founding MetaChain Capital, a digital asset investment fund. Lucian Mincu, along with his brother, also co-founded MetaChain Capital, as well as ICO Market Data, which aggregates information about initial coin offerings. Lucian Todea, the third co-founder, is the Founder/CEO of Soft32, a software review and download site.
Regarding the funding history of Elrond, the project saw significant financial support through various rounds. Initially, in June 2019, Elrond had a private investment round that raised $1.9 million from different angel investors. This was followed by an Initial Exchange Offering (IEO), which further raised $3.25 million. In total, Elrond has raised $1.9 million over two funding rounds. Notably, Skynet EGLD Capital and Binance Labs are among the most recent investors in the project
Here is a chronological list of significant events and milestones in the development of Elrond (EGLD), also known as MultiversX:
2017: The Elrond project begins, conceptualized by brothers Beniamin and Lucian Mincu, and Lucian Todea.
June 2019: Private investment round, raising $1.9 million from several investors.
July 2019: Elrond held an Initial Exchange Offering (IEO) on Binance, raising $3.25 million.
July 2020: Official launch of the Elrond project.
January 2021: Launch of Maiar App, a digital wallet and global payments app.
November 2021: Launch of Maiar Exchange, the first Decentralized Exchange on the Elrond blockchain, and the introduction of Maiar Launchpad, a decentralized incubator for distributed apps and enterprises.
2022: Elrond's acquisition of Twispay, a financial institution licensed to provide payment services in the European Economic Area, was approved by the Romanian central bank. This was a significant step towards bridging traditional finance and the cryptocurrency industry
Elrond has ambitious plans that emphasize continuous innovation and improvement. The team envisions a future where blockchain technology integrates seamlessly into daily life, empowering individuals and businesses. Key upcoming developments include the implementation of ESDT standards for tokens, NFT support, and increased interoperability, positioning Elrond to stay at the forefront of blockchain innovation and drive the adoption of decentralized technologies
Official Website:
Twitter:
https://twitter.com/ElrondNetwork
Telegram:
GitHub:
https://github.com/ElrondNetwork
As of late 2023, Elrond's market capitalization stood at approximately $1.13 billion, with a circulating supply of 26.27 million EGLD out of a maximum supply of 31.42 million EGLD. The current price was around $43.14. Looking at the future prospects, various sources offer different perspectives:
CoinMarketCap: As of November 30, 2023, the general sentiment around MultiversX (Elrond) was bearish, with 12 technical analysis indicators signaling bullish signals and 16 signaling bearish signals. The 200-day SMA was expected to rise to $35.10 by the end of December 2023, while the short-term 50-Day SMA was estimated to hit $50.62. The RSI value was at 59.47, indicating a neutral market position
CoinCodex: Their prediction suggested a slight decrease in EGLD's price to $43.02 by December 5, 2023. The overall sentiment was bearish, with the Fear & Greed Index showing 74 (Greed). Over the last 30 days, EGLD had 18/30 (60%) green days with 14.72% price volatility. For the long term, CoinCodex estimated the yearly low for 2024 at $43.02 and a high of $335.56. They provided price predictions for each year up to 2030, showing varying levels of growth and retraction
Coinpedia: They predicted that Elrond might reach as high as $48.31 by the end of 2023. In a bullish scenario, the price of EGLD could reach $211.06 by 2030. They anticipated the year 2024 to be bullish for the crypto industry, marking Bitcoin’s halving year. By 2025, EGLD might focus on enhancing scalability and interoperability, with a potential price increase. The projections for 2026 to 2030 suggest a steady increase in the price of EGLD, with it potentially reaching between $179.66 to $211.06 by 2030
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