Egld Coin: A Smart Investment Decision?

The EGLD coin is the native token of the Elrond blockchain, which was launched in 2017. In 2020, Elrond underwent a rebrand and became MultiversX, a Layer 1 blockchain with an impressive ecosystem that includes NFTs, games, and DApps. The EGLD token has seen significant growth since its launch, with a 300%+ increase in value within the first five months of its release. In this paragraph, we will explore the potential of EGLD as a good investment option.

The Maiar app

Maiar is a simple and lightweight browser with a user-friendly interface. Its built-in ad blocker, Maiar Safeguard, eliminates intrusive ads and blocks trackers that collect browsing data without consent. This results in faster website loading times. Maiar also protects against phishing, malware, and malvertising, as well as potentially harmful extensions and plugins. It includes features such as private browsing mode, device synchronization, and an option to disable autoplay. Additionally, it has its own password manager and uses DuckDuckGo as its default search engine.

Elrond's ecosystem

Elrond is an entire ecosystem that can function to a capacity never met before on the digital market. It is a high-performance blockchain technology based on the proof-of-stake consensus mechanism. It was developed to eliminate the vulnerabilities of other blockchains.

Elrond's blockchain technology has a transaction speed of 16,200 transactions per second, while Bitcoin does it with 5-7 transactions per second and ETH with 13-15 transactions per second. The possibilities of adaptability and development are unlimited and unexpected, considering the network itself is unique, an innovation, a novelty through its tech support and cost specifics.

The Elrond ecosystem consists of:

• Validators and Delegators: Validators (like Istari Vision) are network participants who verify transactions and help decentralize and secure the Elrond blockchain. Just like the delegators who delegate their EGLD tokens to validators as part of the staking process, they are rewarded with EGLD.
• Developers: Developers build applications (dApps) on the Elrond network. The goal is to bring real-world applications onto the blockchain to drive adoption.
• Users: Users are companies that integrate Elrond technology into their business processes to optimize costs, increase security and transparency, or realize new business models.
• Investors: Investors finance innovations and contribute to the breakthrough of blockchain technology.
• Ambassadors: Elrond Ambassadors are expanding the Elrond ecosystem in different countries, developing content such as blog posts, testing dApps, and hosting meetups for beginners and developers.
• Oracles: Oracles are third-party services that provide smart contracts with external information. They serve as a bridge between blockchains and the outside world, allowing blockchains and smart contracts to access data outside the Elrond network.
• Research and Technology Institutions and Universities: Partnerships with these institutions are crucial to the knowledge transfer and the theoretical foundation of technical implementation.

The Maiar app, developed by Elrond, is a pioneering smartphone wallet to manage EGLD, BTC, ETH, BNB, and tokens of all future projects running on the Elrond blockchain.

Staking

To stake, you must first deposit your EGLD tokens with a validator. This can be done via an app such as Maiar, or a staking provider such as Istari Vision. You can then use the staking dashboard to select a validator and enter the amount of EGLD you want to stake.

There are several factors to consider when selecting a validator:

• Commission rates: The commission rate a validator charges is the percentage of your reward that they keep. A high commission rate will result in lower rewards for you.
• Rating/Performance: Each validator has a rating score that expresses its overall reliability, performance, and responsiveness. A validator with a rating of >99 is preferred.
• Number of users: A high number of delegators could indicate positive sentiment towards a validator.
• Self-staked balance: A provider with a high amount of staked tokens likely has more incentive to continue operating its services.
• Current status: Check if the validator is currently active.
• Network share: Avoid choosing a validator with the highest voting power or a low network share to reduce centralisation risks.

Partnerships and listings

Elrond has formed partnerships with well-known and respected names in the crypto and high-tech sectors, including Binance, Samsung, Electric Capital, Woodstock, and Revolut. These partnerships have helped Elrond gain listings on important platforms and expand its reach to a wider audience.

For example, the partnership with Revolut, a UK-based fintech company, made EGLD available to over 20 million customers in more than 30 countries through Revolut's banking app. This not only increased the accessibility of EGLD but also introduced a wider target market to the seamless payments and frictionless transfer of value that Elrond offers.

The Elrond team is also active in various forums and communities, providing information, support, and transparency to its investors and users. This two-way support and engagement with the community have helped create relationships and partnerships beyond the crypto area, further enhancing Elrond's ecosystem and potential for future growth.

Elrond's ability to form strategic partnerships and gain listings on important platforms is a strong indicator of its potential as a good investment opportunity. These partnerships not only bring liquidity and accessibility to EGLD but also validate the project's innovation, adaptability, and potential for future development.

Community

The MultiversX (EGLD) community is an integral part of the project, with a strong focus on transparency and mutual support. The Elrond team actively engages with its community members, organising live sessions dedicated to addressing their questions and concerns. This two-way support system fosters a sense of teamwork and collaboration, extending beyond the crypto realm into other areas of interest.

The community's popularity is evident, attracting individuals from both within and outside the crypto sphere. This diverse group of supporters actively shares information and provides assistance to one another, contributing to the overall transparency of the project.

The team behind Elrond is also highly engaged in various forums, ensuring an open line of communication with its community. This level of interaction and transparency helps build trust and fosters a sense of inclusivity among community members, making them feel like valued participants in the project's journey.

The Elrond community also benefits from the team's successful partnerships with well-known names in the crypto and high-tech industries, including Binance, Samsung, Electric Capital, and Woodstock. These partnerships not only enhance the project's credibility but also open doors for future listings on important platforms, further expanding the community's reach and influence.

Additionally, the upcoming launch of the Maiar app is expected to further boost the community's popularity. This revolutionary digital home banking app will offer worldwide transfers at low costs and provide staking opportunities directly within the app, with rewards of up to 29% per year. With its user-friendly interface and innovative features, Maiar is set to attract even more users to the Elrond community.

Frequently asked questions