Hi, I have a question to ask the core team about

Question

Hi, I have a question to ask the core team about

the fees generated over the last 30 days.
It turns out that there is a site that calculates the fees and income for different projects, and it seems that for MvX the fees represent around 19k over the last 30 days.
A YT video in French was released to alarm us about the fact that in these conditions how can the company MultiversX ensure the payment of employees, premises, hosts?
In summary, what is the cash flow situation of the MultiversX company, what are the sources of income enabling you to pay the monthly charges linked to your activity?

Thanks in advance.

#blockchain #cryptocurrency #elrond #english

0

14.09.2023

16 ответов

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✖️Bab Le Lapin | Rabbit Bab Автор вопроса

juvaieru
every chain out there, with a few temporary except...

Hi, from French channel some of our users are asking more claritiy and more viable piece of information from MvX team about cashflow and treasury. I know from one admin that message has been addressed to core team and we will probably soon receive some inputs.

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14.09.2023

juvaieru

treasury is onchain, easily verifiable and traceable

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14.09.2023

✖️Bab Le Lapin | Rabbit Bab Автор вопроса

juvaieru
treasury is onchain, easily verifiable and traceab...

Hum——-MultiversX is a Romanian company so I doubt all its Treasury is only based on tokens....

0

14.09.2023

juvaieru

✖️Bab Le Lapin | Rabbit Bab
Hi, from French channel some of our users are aski...

they are constantly expanding the team, hiring, opening offices, while other projects (poylgon, cough cough) laid off 20% staff (official numbers, who knows what's the reality) I wouldn't really be worried about their runaway, given their actions

0

14.09.2023

✖️Bab Le Lapin | Rabbit Bab Автор вопроса

juvaieru
they are constantly expanding the team, hiring, op...

So from my side I have no doubt or any fear, I am just asking on behalf several members of French channel wich are asking some clarity about comptability ;)

0

14.09.2023

Classic

10% of all daily staking rewards go to MultiversX. All smart contract royalties from all of their products go to them Normal staking rewards from them staking a lot of EGLD also go to them And it seems like they also make some money off-chain: https://www.romanian-companies.eu/multiversx-labs-srl-39424028/ So nothing but FUD dear Bab le lapin

0

14.09.2023

Classic

Classic
10% of all daily staking rewards go to MultiversX....

@juvaieru

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14.09.2023

✖️Bab Le Lapin | Rabbit Bab Автор вопроса

Classic
10% of all daily staking rewards go to MultiversX....

Thx a lot Dear Classic, answer always appreciated, will forward to our channel your message

0

14.09.2023

poussette | 🇫🇷

✖️Bab Le Lapin | Rabbit Bab
Thx a lot Dear Classic, answer always appreciated,...

https://twitter.com/xFoudres/status/1702348549592088611

0

14.09.2023

Shantel

Classic
10% of all daily staking rewards go to MultiversX....

This insight is vital to share to increase the conviction of investors. I wish all projects would discuss their financials so that more people have higher conviction. Maybe encourage the team to share this insight via a tweet - the condition of the company & how prepared they are to continue to develop thru this bear market! (Would be hugely helpful just based on the non-stop dumb FUD we're seeing lately)

0

14.09.2023

Classic

Shantel
This insight is vital to share to increase the con...

All that i wrote there is public information. The fact that the team staked egld themselves and earn from it can be seen on the explorer The fact that they earn 10% of all staking rewards is written in the tokenomics The fact that they built products and earn smart contract royalties is not a surprise And the company data is public Everyone fudding hasn't even done the bare Minimum of Research

0

14.09.2023

Shantel

Classic
All that i wrote there is public information. The...

Of course of course, but most don't speak blockchain! AND sharing vital information like this helps peak interest of those outside the community.

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14.09.2023

Shantel

Classic
All that i wrote there is public information. The...

Also where is the company data public? Not on the main website is it?

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14.09.2023

Classic

Shantel
Also where is the company data public? Not on the ...

I just shared it

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14.09.2023

🦆

Classic
10% of all daily staking rewards go to MultiversX....

I'm not sure if it's a bug, but if you switch the language to romanian, the stats are different than the ones in english.

0

14.09.2023

juvaieru · Accepted Answer

every chain out there, with a few temporary exceptions, have decreasing activity - this is the bearmarket, I don't get why we are stressing so much about this given the period we are rn I saw the video, and at the end he is comparing our numbers with the ones of solana but that lacks a lot of context because we don't put validators to pay fees when they communicate with each other so most of the solana's fee revenue comes from validators, not actual usage

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