XOXNO Staked EGLD ($XEGLD) is a MultiversX-based liquid staking token, enabling flexible EGLD staking with DeFi and NFT marketplace utilities. More
| Fully Diluted Valuation | $13,490 |
|---|---|
| 24H Trading Volume | $5,690 |
| 24H Low / High | $14.58 / $ 14.94 |
| Circulating Supply | 907.72 |
| Total Supply | 907.72 |
| Max Supply | ∞ |
| Categories | Liquid Staking 3 more |
|---|---|
| Founder | Anonymous |
| Website | xoxno.com |
| Socials | |
| Chains | Elrond Ecosystem |
| Explorer | Multiversx |
| Contracts |
XEGLD....413ed
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| Name | Pair | OG Score |
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XOXNO Staked EGLD ($XEGLD) is a derivative token of EGLD, the native cryptocurrency of the MultiversX blockchain, launched by the XOXNO Network in 2022. Operating on MultiversX’s highly scalable, sharded architecture, $XEGLD functions as a liquid staking solution, allowing users to stake any amount of EGLD in the network’s Secure Proof-of-Stake (SPoS) consensus without traditional lock-up periods. Upon staking, users receive $XEGLD tokens, which remain liquid for trading, lending, or use in DeFi strategies like liquidity provision within the MultiversX ecosystem, including XOXNO’s NFT marketplace.
The XOXNO Network, the largest NFT marketplace and aggregator on MultiversX, integrates $XEGLD into its ecosystem, enabling users to buy, sell, and mint NFTs with $XEGLD, alongside fiat payments (EUR, RON) via Visa or Mastercard, introduced in November 2022. The platform’s advanced features include NFT staking pools, where users can stake MultiversX NFTs to earn $EGLD or $XEGLD rewards, and a self-onboarding launchpad for creators. XOXNO’s liquid staking protocol, launched in January 2025, is open-sourced and decentralized, supported by 60 providers, with plans for further expansion. It optimizes returns by comparing $XEGLD/EGLD pair ratios with the Liquid Staking Derivative (LSD) ratio, automatically buying or staking to maximize yields.
Use cases include DeFi liquidity provision, NFT trading, and staking rewards, with $XEGLD enhancing MultiversX’s network security. The platform’s low 1% NFT trading fee and aggregated analytics provide a user-friendly experience. No major hacks have been reported, but community concerns on X about migration issues within XPortal (MultiversX’s wallet) highlight user experience challenges, though these are not specific to $XEGLD. Other challenges include sustaining staking adoption and navigating regulatory complexities. XOXNO’s vision is to drive MultiversX’s DeFi and NFT ecosystem, with $XEGLD as a flexible, high-utility token for Web3 innovation.
$XEGLD’s liquid staking model allows flexible EGLD staking without lock-ups, enabling trading and DeFi use on MultiversX. Its integration with XOXNO’s NFT marketplace, fiat payment support, and optimized yield strategy (comparing $XEGLD/EGLD and LSD ratios) make it a standout in DeFi and NFT ecosystems.
The founders of XOXNO Staked EGLD are Anonymous, as no specific individuals are named in available sources. The XOXNO Network is led by a decentralized team, with Mihai-Daniel Eremia noted as a contact for communications but not explicitly a founder.
No specific backers or investors for $XEGLD are disclosed. XOXNO Network relies on community-driven funding through token sales and staking, with support from MultiversX’s ecosystem and partnerships like Twispay for fiat integration. Community enthusiasm on X, including a $4M EGLD pledge for XOXNO’s launchpad, indicates strong grassroots support.
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