# The MultiversX Challenge - From 2018 to 2025 - Toward a New Genesis
## Preface and Problem Statement

## The Real Enemy: Stagnation

The great enemy of any economic system is not inflation. It is stagnation.

Inflation, when directed, can be a weapon. Stagnation is always a death sentence.

What kills protocols, economies, and entire civilizations is not the printing press, but the absence of motion, no new demand, no new distribution, no new growth. This is the silent, suffocating force that turns promising systems into forgotten ruins.

Lack of distribution is the purest form of stagnation. If no new builders, no new users, no new capital find their way into the system, its internal energy collapses. The wheel slows. The story ends.

The antidote? Incentives. But not scattered subsidies or vanity rewards, true incentives are simply credit aimed at productive investment. And the most productive investment there is, the one thing that compounds above all else, is revenue.
Because revenue is proof. Proof of usage. Proof of demand. Proof that the system is alive.

Engineering a revenue engine on top of the network is the essence of growth. A living economy is one where the engine is fed constantly, its gears oiled by the right incentives and pushed forward by expanding distribution.

Growth is the only thing that matters. The mechanics to get there are simple: activate distribution flywheels, target incentives with surgical precision, refine and improve, let them drive the revenue engine harder, faster, further.

The system that grows lives. The one that doesn’t, dies.

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## Background

MultiversX is on track to deliver the most important milestone since it's founding: Supernova.

To fully capitalize on this upgrade, a targeted, and competitive economic re-architecture is essential for maximizing adoption, liquidity, and long-term network growth.

Our tokenomics were forged in 2018. They have achieved their purpose: decentralization, resilience, survival. But what was optimal then is no longer enough now.

Today, the battlefield has shifted to global finance, U.S. institutions, ETFs, NASDAQ structures, and corporate adoption. This is where credibility, liquidity, and real growth converge.

To seize it, we must evolve from 2018 tokenomics to 2025 tokenomics: competitive, growth-driven, and institutionally aligned.

And to signal this evolution to the world, we propose a decisive step: couple the most important product milestone, Supernova; with a materially amplifying reflexive force, for a new economic beginning.

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## Rationale
Unlike most major L1s, we began with a 5 million USD raise. Peers have raised billions of USD and control 50–80% of their supply, using it to buy partnerships, listings, and visibility.

Until now, we have stood without firepower, advancing only through the strength of our technology, the endurance of our persistence, and the unshakable bond of our community.

And despite that, we have reached some uniquestionable milestones.

Against all odds, we have built and deployed the most scalable, secure and decentralized blockchain architecture in production.

This has been our greatest badge of honor, but also our greatest limitation.

It cost us speed in major deals, listings, and TradFi integrations.

Now, institutional demand is accelerating in the U.S. we stands at the inflection point. Without action, we remain structurally disadvantaged. With action, we unlock the advantage: a transparent, community-backed reserve deployed into the most ambitious step from our founding: network integration at the heart of U.S. capital markets.

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## Objectives

**1. Attract 10x-100x liquidity and buy demand for the EGLD ecosystem**
Liquidity is the lifeblood of markets; scaling it 10x transforms EGLD from a regional asset into a global magnet for capital, enabling deep integration with U.S. institutional flows.

**2. Bootstrap 10x-100x revenue, usage, and adoption for the network**
Revenue is proof of real-world utility; compounding it 10x establishes MultiversX not only as a leading L1, but as a self-sustaining financial machine with recurring growth.

**3. Position MultiversX as a leading player in the United States**
The U.S. is the world’s largest financial market; rooting ourselves here places MultiversX at the epicenter of ETFs, Wall Street liquidity, and mainstream corporate adoption.

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## How

## **Internal flywheel mechanism**

**1. Competitive staking for productive and aligned network backers**
By offering attractive and sustainable rewards, we ensure that capital doesn’t just park in EGLD but actively strengthens security, alignment, and long-term confidence in the ecosystem.

**2. Revenue-generating incentives for builders**
Builders are the engines of adoption; giving them competitive economics ensures they choose MultiversX first, transforming ideas into products and products into global demand.

**3. A bet on revenue generating applications and internet capital markets economy**
With Supernova, MultiversX is positioned to be a digital Wall Street, unleashing a full marketplace of tokenized assets, synthetic instruments, and financial primitives accessible to anyone, anywhere.

## **External flywheel mechanism**

**DAT play**
Digital Asset Treasury deals link us to US capital market liquidity; executing this play is a direct bridge from MultiversX to the deepest capital markets in the world.

**ETF play**
ETFs create billions in passive buy demand; positioning EGLD inside this structure places us on the same shelf as Bitcoin and Ethereum in the portfolios of millions of U.S. investors.

**Launch new Labs structure and leadership team in the U.S.**
A U.S. base is not symbolic, it is strategic; with boots on the ground in the financial capital of the world, we spearhead and accelerate partnerships, listings, regulatory engagement, and credibility.

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## Outcomes

**1. Immediate liquidity tailwind**
More liquidity means tighter spreads, deeper books, and stronger price discovery, an immediate and self-reinforcing boost to EGLD’s global market standing.

**2. Significant U.S. tailwind**
Anchoring MultiversX into the U.S. generates a network effect of credibility, adoption, and visibility that no other geography can match, America is the global amplifier.

**3. Multiple material buyback flywheels set in motion**
Reflexive economics, where usage generates revenue, revenue powers buybacks, and buybacks fuel scarcity, creating a perpetual engine of demand for EGLD.

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## Market Context
The landscape has shifted:
- Bitcoin’s “full dilution” ethos has given way to low-float, high-FDV treasuries.
- Chains now operate like companies with balance sheets.
- Competitors deploy vast reserves to buy speed, visibility, and market share.
- Integrations costs for any big partnership are in the millions, with a stablecoin alone needing 10s of million, and maintenance for the integrations costing hundreds of thousands per year.

Despite leading in technology, we cannot remain bound by 2018 tokenomics.

To win in the U.S., MultiversX must act now, modernizing economics and narrative to seize the opportunity window.

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## The Window is Now

We are entering the most important phase since Genesis. This is about arming MultiversX with the tools to lead and win.

Best-in-class technology. Competitive and deflationary economics. Institutional capital. Engines to drive capital, revenue and growth.

A chance to root ourselves into the U.S. financial system, with ETFs, NASDAQ, Wall Street, Washington. Secure credibility, liquidity, and material growth.

The choice lies wholly with the community:

History moves fast. The window is open now.

With your support, we can arm EGLD for real growth, today.

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