Presentation of the Maiar Exchange
The Maiar Exchange is the ultimate automated market maker, reorganizing some of the key elements to create a product that can take advantage of all the performance of the Elrond architecture, to deliver comprehensive, near instantaneous, and low-cost transactions between a suite expanding assets. In addition, once online, Maiar Exchange will be integrated with the Maiar application, offering a simple and intuitive interface accessible to everyone, anywhere in the world. To ensure rapid adoption cycles, open governance and long-term contribution, the Maiar interchange will have a native governance token called MEX, enabling community-driven development and governance. The token will be essential for the sustainable development of the Maiar Stock Exchange and its governance. The governance process itself will start around 3-6 months after the platform is launched, giving MEX enough time to reach a large number of holders. You can exchange, stack or resell your MEX tokens on the Maiar Exchange.
Pioneer of a fair and wide distribution of tokens
The Maiar Exchange will feature the very first token in the Elrond ecosystem, with a fair launch, 100% distributed and community owned. The distribution of the MEX token will be done in a completely transparent way, towards the community only, without any pre-allocation for the team, advisers, investors, etc. Here is the breakdown of allowances:
47.50% of the token supply will be reserved for EGLD holders during the first year.
44.95% of the offer will go to liquidity providers over the next 10 years, with 5 halving, every 2 years
2.55% of the tokens will be distributed to members of certain DeFi communities (50% UNI, 25% SUSHI, 25% CAKE).
5.0% of the tokens will be placed in a security fund, serving as proactive insurance against critical bugs or hacks.
MEX airdrop conditions (Maiar Exchange)
In addition to the fact that the MEX token will be distributed free of charge as we have seen, the attribution conditions and the quantities of allocated tokens will essentially depend on the exposure of eGLD holders (and a few other DeFi tokens) than this. either in the quantity held (determining the size of the allowance) as in their environment of detention. So, unsurprisingly, eGLDs held on exchanges like Binance for example, will not be eligible for the airdrop. Only tokens stored on the Maiar application, on the project's online wallet or even delegated to Elrond node operators will be taken into account in the context of distribution operations. Note that the French company Just Mining has already made it known that it will take over all the procedures related to the distributions of MEX for the benefit of its customers. An enviable comfort when you remember that Just Mining is one of the main operators of Elrond masternodes.
Lien Maiar : https://get.maiar.com/referral/5ztjt9xb4o