Landboard Price

Landboard (LAND) is a cryptocurrency launched in 2022. The token serves as the native utility asset for Landboard, the inaugural metaverse ecosystem deployed on the Elrond network, now known as MultiversX.

Landboard positions itself as a comprehensive metaverse environment where users can engage with digital land parcels, interactive experiences, and decentralized applications. The protocol directly harnesses MultiversX’s high-throughput, low-cost infrastructure to circumvent the scalability bottlenecks that cripple virtual world projects on more congested Layer-1 chains. This positioning attracted developers seeking an alternative to Ethereum gas wars and network congestion.

The LAND token operates on the MultiversX network, the rebranded Elrond blockchain. It abides by the network’s token standards and does not maintain its own independent chain. Instead, it inherits the network’s security model while functioning as a standard digital token.

Structured as an ESDT (Elrond Standard Digital Token) with the identifier LAND-40f26f, the asset integrates directly with MultiversX’s native wallet and application ecosystem. The token’s compliance with this native standard removes the need for bridging or wrapping, ensuring straightforward composability with decentralized exchanges and metaverse contracts on the same chain.

Landboard entered the cryptocurrency market on June 30, 2022, as the first metaverse-centric application built directly on the Elrond infrastructure. Its emergence aligned with a wave of virtual land initiatives seeking to capitalize on high-speed, low-fee environments. Early documentation outlined a vision for a self-contained digital economy, complete with staking mechanisms accessible via staking.landboard.io.

Landboard’s long-term objective is to cultivate a self-sustaining digital economy within the MultiversX ecosystem, where users can buy, develop, and trade virtual land parcels while interacting with integrated dApps. The project envisions a persistent virtual space that extends beyond simple speculation, offering interactive gameplay, social hubs, and creator tools.

The LAND token operates as the primary medium of exchange within this metaverse, used to acquire virtual land plots, unlock premium features, and settle fees. Additionally, token holders can participate in staking mechanisms to earn rewards, aligning incentives across the ecosystem. Governance proposals, should they emerge, would likely rely on token-weighted voting, though formal on-chain governance details are not yet specified.

Users stake LAND tokens through the protocol’s dedicated staking interface to accrue additional coins, providing liquidity and stability. Developers and landowners transact in LAND for land parcels and services, fueling the internal economy. Liquidity providers on the single active trading pair also contribute to price discovery, albeit currently at minimal volume.

Landboard has a maximum supply of 100,000,000 tokens. Currently, 0 are in circulation, with a total supply of 96,062,906. With a market capitalization of $0, Landboard ranks #6,332 among all cryptocurrencies.