MultiversX

Halal Rating :
Comfortable
Last Price $36.61 Last updated:
Rank 101
1D Change 19.27 %
Market Cap $1.01b
Circulating supply 27,676,805
Maximum supply 31,415,926
Crypto Overview Crypto Impact

Crypto Overview

Categories
  • Binance Launchpad
  • Binance Labs Portfolio
  • Electric Capital Portfolio
  • Exnetwork Capital Portfolio
  • Elrond Ecosystem
  • Injective Ecosystem
  • BNB Chain
  • Layer 1

Project Overview

MultiversX (formerly Elrond) is a highly scalable, fast, and secure blockchain platform designed for distributed apps, enterprise use cases, and the new internet economy. The platform aims to provide a high-throughput, low-latency blockchain infrastructure using Adaptive State Sharding and Secure Proof of Stake consensus mechanism.

Intended Utility

EGLD serves multiple purposes within the MultiversX ecosystem: it's used as a native currency for transaction fees, staking for network security, and governance. The token also powers the platform's decentralized applications, NFT marketplace, and DeFi protocols.

Actual Utility and Adoption

The network demonstrates significant real-world utility through: 1) Active validator network with over 3,200 nodes securing the network, 2) Growing ecosystem of dApps including DEXes, NFT platforms, and DeFi protocols, 3) Strategic partnerships with major institutions and corporations, 4) Integration with traditional payment systems through the Maiar payment app.

Token Distribution and Governance

The initial token distribution allocated 19.98% to the team and advisors with a 4-year vesting period, 7.5% for ecosystem development, and 72.52% distributed through public sale and mining rewards. This distribution structure shows a balanced approach between team incentivization and public accessibility.

Development Activity

MultiversX maintains strong development activity with regular updates to its core protocol, development tools, and ecosystem components. The team consistently delivers on their technical roadmap, with active GitHub repositories and frequent protocol improvements.

Crypto Impact

To assign a comfort level investing in MultiversX from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to MultiversX.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

We will review your contribution for accuracy before publication.

Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

You only have one vote per asset so use it wisely.

You can change your vote if you change your mind.

Contribute