About Maiar Exchange
Maiar Exchange is the ultimate automated market maker, rearchitecting some of the key elements to build a product that can leverage the entire performance of the Elrond architecture to offer global, near-instant, inexpensive transactions between an expanding suite of assets.
Maiar Exchange will be airdropping free MEX tokens to EGLD holders and various DeFi communities. The first snapshot will be taken on April 19th, 2021, with daily snapshots to follow for one year. EGLD holders will have an allocation of 47.50% of the token supply and UNI, SUSHI and CAKE holders will have an allocation of 2.55% of the token supply. The rewards will be claimable for one month after each snapshot and all unclaimed tokens will be burned.
|Token Name||Maiar Exchange|
|Total Supply||50.05% of the total supply|
|KYC||KYC Is Not requirement|
|Whitepaper||Click Here To View|
|Collect Airdrop||Click Here To Collect Free Airdrop|
Hold EGLD, UNI, SUSHI & CAKE in your private wallet or buy and hold EGLD in Maiar App with a $10 cashback to be eligible for the airdrop.
A one-time snapshot of UNI, SUSHI & CAKE holders will be taken at a time that will be announced later.
The first snapshot of EGLD holders will be taken on April 19th, 2021, with daily snapshots and weekly distribution to follow for one year.
A total of 47.50% of the token supply has been allocated to EGLD holders and will be distributed as follows:
The EGLD snapshot calculation is based on the weekly average of daily random snapshots.
The rewards will be claimable for one month after each snapshot and all unclaimed tokens will be burned.
The first four weeks snapshots will each have a 5x, 4x, 3x and 2x multiplier.
Details regarding the claim will be announced later. Follow their announcements to see the updates.
An additional pool of 44.95% of the token supply will be distributed to liquidity providers over the next ten years, with five halvings every two years.
For more information regarding the airdrop, see this post.
Community distribution, incentives, and collaboration
Going beyond the product performance and UX: community distribution, incentives, and governance create the premise for an engaging bootstrapping process, incentivizing both immediate adoption and long-term contribution.
Putting each of these puzzle pieces together will create a compelling product, fueled by a rapid growth trajectory, taking it beyond the blockchain ecosystem.
Pioneering a fair and wide token distribution
The Maiar Exchange will feature the very first token of the Elrond ecosystem, with a fair launch, 100% distributed and owned by the community. The distribution of the MEX token will be made in a fully transparent manner, towards the community only, without any pre-allocations for team, advisors, investors, etc.
The token distribution will be as follows:
Maiar Exchange will be a total of 1 Billion MEX tokens, of which:
- 47.50% of the token supply will be claimable by EGLD holders in the first year
- 44.95% of the token supply will be earned by liquidity providers during the next 10 years, with 5 halvings every 2 years
- 2.55% of the token supply will be distributed to members of select DeFi communities (50% UNI, 25% SUSHI, 25% CAKE)
Time frames, snapshots and reinforced hypergrowth
The first snapshot for EGLD will begin on Monday, the 19th of April, with 52 weekly averages of 7 daily random snapshots to follow, spanning one year. The snapshots for the first 4 weeks will each have 5x, 4x, 3x and 2x weight compared to all the other weekly snapshots, kickstarting a rapid and momentous bootstrapping cycle.
The major launch of the Maiar exchange is targeted to go live as a web version on the 30th of April, pending a successful mainnet upgrade and the completion of final security audits. Eventually, the Maiar exchange will be integrated into the Maiar app for a more seamless user experience.
With the Maiar Exchange going live, a new economic engine is set in motion expanding the Elrond ecosystem. How large can this exchange become?
The Maiar Exchange is tackling a hard trillion-dollar problem of global significance. Its ability to easily onboard hundreds of millions of users will rapidly grow it into one of the largest decentralized exchanges in the entire ecosystem.
Not All The Websites Which Listed In Top List Are 100% Safe To Use Or Investment. they Do Not Promote Any Of Those. Due Diligence Is Your Own Responsibility. You Should Never Make An Investment In An Online Program With Money You Aren’t Prepared To Lose. Make Sure To Research The Website. So Please Take Care Of Your Investments. And Be On The Safe Site And Avoid Much Losing Online.