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Convert
Morocco Dirham (MAD) to MultiversX (EGLD) Instantly

MAD MAD
EGLD EGLD
Buy MultiversX (EGLD)

Purchase MultiversX (EGLD) with Morocco Dirham (MAD) easily at Switchere and benefit from fast, secure transactions.

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)

How to Buy MultiversX (EGLD)

swipe Step-by-step guidance
card Easy credit card payments
btn Streamlined purchase process
  1. Step 1 illustration
    01

    Choose MAD to EGLD Pair

    Select your preferred payment method and enter the amount.

  2. Step 2 illustration
    02

    Enter Your MultiversX Wallet Address

    Provide your EGLD wallet address and proceed with the payment.

  3. Step 3 illustration
    03

    Receive Your MultiversX

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

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Frequently asked questions

  • What is the primary method for purchasing MultiversX (EGLD) with Moroccan Dirham (MAD)?

    Direct MAD to EGLD purchases on major centralized exchanges are uncommon. The most common method is using a peer-to-peer (P2P) platform where you can transact directly with sellers accepting Moroccan bank transfers. Alternatively, you might need to use a fiat on-ramp to buy a stablecoin like USDT with MAD first, and then trade USDT for EGLD on a cryptocurrency exchange that lists the EGLD/USDT pair.

  • What makes MultiversX's technology, like Adaptive State Sharding, relevant for a MAD investor?

    For an investor using MAD, acquiring EGLD is an entry into a high-performance blockchain. MultiversX's Adaptive State Sharding allows the network to scale by processing transactions in parallel, leading to low transaction fees and high throughput. This technological advantage supports a vast ecosystem of dApps and digital assets (ESDTs), making EGLD a gateway to scalable Web3 applications, not just a store of value.

  • After buying EGLD with MAD, how can I securely store and manage my assets in the MultiversX ecosystem?

    The standard for self-custody in the MultiversX ecosystem is the official xPortal App (formerly Maiar). It provides a secure digital wallet for your EGLD and any Elrond Standard Digital Tokens (ESDTs). For maximum security, consider a hardware wallet compatible with the MultiversX network. Always secure your secret phrase and never share it; this phrase is the master key to your digital assets.

  • What are the regulatory considerations for crypto transactions involving the Moroccan Dirham (MAD)?

    The regulatory landscape for digital assets in Morocco is evolving. While there isn't an outright ban, authorities have previously issued warnings about the risks associated with cryptocurrencies. It is crucial for users to comply with any current KYC/AML (Know Your Customer/Anti-Money Laundering) requirements on platforms they use and stay informed about pronouncements from Bank Al-Maghrib (the central bank of Morocco) regarding digital asset transactions.

  • Besides trading, what can I do with EGLD in the MultiversX network after acquiring it?

    EGLD is the native utility token of the MultiversX blockchain. You can use it to pay for transaction fees, deploy smart contracts, or participate in the network's Secure Proof of Stake (SPoS) consensus mechanism. By staking your EGLD, you help secure the network and earn staking rewards. Furthermore, EGLD is used to interact with a growing number of DeFi applications, NFT marketplaces, and other dApps on platforms like xExchange.
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