DeFi For The Next Billion: Maiar Exchange To Enable Internet-Scale
Value Swaps, Global Accessibility, And Fair Community DistributionThe 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.
There 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)
- 5.0% tokens will be put in a security fund, serving as proactive insurance against critical bugs or security hacks
Read all details here:
https://elrond.com/blog/maiar-exchange/