Users who lock HOPE in the Governance platform between 1 week to 4 years will receive mHOPE. As soon as mHOPE is received, it becomes transferable but only for voting rights. The address which is used to lock HOPE to get mHOPE will be able to redeem HOPE without any need of holding mHOPE. For governance, 1 mHOPE = 1 vote.

Most importantly, mHOPE holders that have staked their tokens on Firebird Finance receive a portion of the trading fees on Firebird Finance Swap decentralized exchange.

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MultiversX is a blockchain protocol that seeks to offer extremely fast transaction speeds by using sharding. The project describes itself as a technology ecosystem for the new internet, which includes fintech, decentralized finance and the Internet of Things. Its smart contracts execution platform is reportedly capable of 15,000 transactions per second, six-second latency and a $0.001 transaction cost.

MultiversX rewards the community and active participants with EGLD tokens. EGLD, or Electronic Gold, is MultiversX's native token. It acts as a store of value currency to pay for network usage. The coin also serves as a medium of exchange between platform users and validators. Users pay transaction fees in EGLD and validators provide services.

EGLD allows developers to deploy smart contracts, protocols, and dApps on the platform. It empowers participants to perform any network action. Through staking and validation rewards, as well as transaction fees, EGLD manages the MultiversX network. Plus, EGLD is endowed with the functionality of a governance token, so its holders can vote on network decisions.

MultiversX was first announced in August 2019, and its mainnet went live in July 2020.

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