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Dominican Peso (DOP) to MultiversX (EGLD) Instantly

Purchase MultiversX (EGLD) with Dominican Peso (DOP) easily at Switchere and benefit from fast, secure transactions.

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About
MultiversX (EGLD)

MultiversX (EGLD), formerly known as Elrond, is a high-performance Layer 1 blockchain platform engineered to provide internet-scale throughput, security, and developer-friendly tools for Web3 applications. Its core mission is to solve the scalability trilemma, providing the foundational infrastructure for DeFi, NFTs, and the Metaverse without compromising decentralization. The network's impressive performance is driven by two key innovations: Adaptive State Sharding and a Secure Proof of Stake (SPoS) consensus mechanism. Adaptive State Sharding is a comprehensive scaling solution that parallelizes transaction and network processing across dynamic shards, enabling the blockchain to scale linearly with demand. This ensures low transaction costs and high throughput for a seamless user experience.

The SPoS consensus algorithm complements this scaling technology by providing enhanced security and efficiency, introducing a random selection of validators within shards to reduce latency and energy consumption. The native digital asset, EGLD, is the cornerstone of this ecosystem. It functions as a utility token for paying transaction fees, deploying smart contracts, and staking. Holders can stake their EGLD to participate in network validation, contributing to its cryptographic security while earning rewards. EGLD also serves as a governance token, allowing participants to vote on protocol upgrades, making it essential for all on-chain operations and interactions within its expanding suite of DeFi applications.

MultiversX (EGLD)

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How to Buy MultiversX (EGLD)

  1. Select currency menu

    Choose DOP to EGLD Pair

    Select your preferred payment method and enter the amount.

  2. Crypto address page

    Enter Your MultiversX Wallet Address

    Provide your EGLD wallet address and proceed with the payment.

  3. Confirmation page

    Receive Your MultiversX

    Complete the payment, and your EGLD will be sent to your wallet.

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Frequently Asked Questions

  • What does the DOP/EGLD pair represent in a crypto trading context?

    The DOP/EGLD pair represents a direct trade between the Data Ownership Protocol (DOP) token and MultiversX's native coin, EGLD. This transaction involves swapping DOP, which enables selective transparency on-chain using ZK-proofs, for EGLD, the asset that powers the high-throughput MultiversX network and its Adaptive State Sharding architecture.

  • What are the advantages of acquiring EGLD by trading DOP?

    Trading DOP for EGLD grants you access to the entire MultiversX ecosystem. With EGLD, you can pay for transaction fees, interact with dApps built on its WebAssembly VM, participate in governance, and engage in staking through its Secure Proof of Stake (SPoS) consensus mechanism to earn rewards.

  • What is the technical significance of a liquidity pair between DOP and EGLD?

    This pairing bridges DOP's innovative on-chain data control and privacy features with the scalable, carbon-negative infrastructure of the MultiversX Layer 1 blockchain. It creates a pathway for developers to build high-performance dApps that leverage both DOP's selective data transparency and the speed and efficiency of the MultiversX network.

  • What is the typical process for swapping DOP tokens for MultiversX (EGLD)?

    To swap DOP for EGLD, you typically use a decentralized exchange (DEX) that supports both assets, such as the xExchange on MultiversX if DOP exists as an ESDT token. The process involves connecting a compatible digital wallet (e.g., xPortal App), selecting the DOP/EGLD liquidity pool, specifying the amount, and confirming the blockchain transaction, which will include a network fee.

  • What kind of fees are involved in a DOP to EGLD swap on a DEX?

    A DOP to EGLD swap typically incurs several fees: a network fee on the token's source blockchain (if not native to MultiversX), a swap fee paid to the liquidity providers of the DEX's liquidity pool, and the final MultiversX network transaction fee, which is paid in EGLD and is known for being highly efficient and low-cost.

  • How can I ensure a secure DOP to EGLD transaction?

    For secure trading, always use a reputable decentralized exchange and double-check the official token contract address for both DOP and any wrapped version of EGLD to avoid counterfeit assets. Use a hardware wallet for enhanced security, be cautious of slippage settings in volatile markets, and never share your wallet's private key or seed phrase.

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