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DEFI for the next billion: Exchange Maiar to activate the swap value of internet scale, global accessibility, and fair community distribution

Tokenization allows global liquidity and directly for almost all types of assets. Through automatic assessment, guarantees, and programmed trading mechanisms, decentralized finance will obscure the lines between what we consider to be a different market.

The ability of all types of values ​​to become digital, liquid, instant, and which can be traded globally will provide strength so that the world economy. Literally.

Therefore it is immediately clear that the exchange of infrastructure supporting values ​​that underwear it became important infrastructure for the 21st century.

Fast evolution of the stock market, to centralized exchanges, until decentralized exchange, supported by automatic market makers, paved the way for significant global improvement.

For this increase to realize and become widely adopted, some important elements are needed:

A strong automatic market maker – allows efficient programatical peer to exchange peers between buyers and sellers
Internet and Open Scale Infrastructure – Allows fast and cheap transactions on a global scale
Intuitive user experience – allows anyone to become an actor in the global economy
Global and Democratic Community Incentives, Distribution, and Governance
So, where are we now?

Automatic market makers built on internet scale infrastructure
The essence of the current version of the automatic market maker is best expressed through a constant product equation:

x * y = k

Based on that, if the swap pool has several Token X units and some token y units, IT prices are traded so that the number of X and Y is produced after trading, when multiplied, the same as the constant constant, k.

But AMM’s current performance can be significantly increased by rebuilding them on far more measurable architecture.

By reaping the automatic market maker above the architecture that is very scaleless which is high bandwidth, low latency, and cheap, the performance of the swap process can be drastically improved. With a much better performance, the Amms scope can develop rapidly, giving birth to new market opportunities.

Perhaps the most important growth vector that we will see will come when intuitive simplicity and ease of use will allow tens of millions, hundreds of millions, and finally billions of people to interact with this new technology, facilitate simple and instant exchanges, on a scale.

Distribution, incentives, and community collaboration
Exceeding product performance and UX: community distribution, incentives, and governance creates a premise for attractive bootstrap processes, giving incentives in direct adoption and long-term contributions.

Uniting each piece of puzzle will create interesting products, driven by a fast growth trajectory, taking it beyond the Blockchain ecosystem.

Introducing Maiar Exchange – The value of internet swap scale for the next billion
MAIAR exchange is the automatic market maker of the ultimate market, multiple key elements to build products that can take advantage of all the performance of Elrond architecture, to offer global transactions, almost instant, cheap between broad asset circuits.

Furthermore, once Live, the exchange of miaar will be integrated into the MAIAR application, offering a simple and intuitive interface that can be accessed by anyone anywhere in the world.

To ensure a fast adoption cycle, open governance, and long-term contributions, the exchange of miaar will have the original governance token called Mex, enabling the development and government driven by the community.

Tokens will be important for sustainable development from the exchange of miaar and governance. The governance process itself will start around 3-6 months after the platform launch, allows sufficient time for MEX to achieve a large number of holders.

Pioneering a fair and wide distribution of tokens!

The exchange of Maiar will display the first tokens of Ecosystem Elrond, with a fair launch, 100% distributed and owned by the community. The Mex token distribution will be made in a completely transparent way, only to the community, without pre-allocation for teams, advisors, investors, etc.

The token distribution will be the following:

There will be a total of 1 billion Mex tokens, which:

47.50% of the supply of tokens will be claimed by EGLD holders in the first year
44.95% of the supply of tokens will be obtained by the Liquidity Provider for the next 10 years, with 5 halvings every 2 years
2.55% of the supply of tokens will be distributed to community members defi select (50% Union, 25% sushi, 25% cake)
5.0% tokens will be included in the security fund, it functions as proactive insurance against critical bugs or security hacking
The conversion ratio of snapshots will be non-linear, in particular, MEX will be claimed to be pro-average based on the following formula:

Number of Mex = (number of myld ^ 0.95) * Egld ratio
Number of Mex = (number of my Union ^ 0.8) * Union ratio
Number of mex = (number of my sushi ^ 0.8) * sushi ratio
Number of Mex = (number of my cake ^ 0.8) * cake ratio
Egld Ratio = calculated after snapshot
Uni Ratio = calculated after snapshot
Sushi ratio = calculated after snapshot
Cake ratio = calculated after snapshot
The level of conversion is chosen to reduce the concentration of wealth to the holders of large Egld and Union / Sushi / pancakes and distribute more evenly distribute to smaller holders.

Community distribution mechanism
EGLD Holder (Balance Available): Weekly Distribution Based on Daily Random Snapshot for 1 Year – 1x multiplier
EGLD Holders (balances available) use maiar and with at least 1 EGLD and with at least 5 miaar referrals: weekly distribution based on daily random snapshots for 1 year – 1.25x multiplier
EGLD Stakers (Distrown or Delegation Balance): Weekly Distribution Based on Daily Random Snapshots for 1 Year – 1.5x multiplier
One time Union / Sushi / Pancake Snapshot (TBA)
Different countries from EGLD in the wallet will receive different multipliers.

Example:

  1. Address 1 is in a web wallet, no herotag maida

100 EGLD is at stake
FREE EGLD BALANCE
Mex Bonus: 100 * 1.5x + 20 * 1x

  1. Address 2 is a wallet maiaar with 5+ references

100 EGLD is at stake
FREE EGLD BALANCE
Mex Bonus: 100 * 1.5x + 20 * 1.25x

  1. Address 3 is a wallet maiaar with less than 5 references

100 EGLD is at stake
FREE EGLD BALANCE
Mex Bonus: 100 * 1.5x + 20 * 1x

Snapshot calculations = weekly average based on a daily random snapshot. All snapshot balances will be claimed by the account for a period of 1 month after the snapshot. Mex that is not claimed to be burned.

EGLD holdings are qualified:

stored in a web wallet, maida, ledger
Delegated to narrow the provider
Delegation in the List of Active Delegates and Legacy Waiting Delegates
At stake as a validator, both active validators and those in the queue
Not freeze deelegated or not obedient
Does not meet the EGLD requirements:

On the stock exchange
Token Managed by Elrond Foundation: Ecosystem, Treasury Protocol
Locked tokens for vesting (investors & teams)
ERC20 & BEP20 EGLD
ERC20 & BEP2 ERD
Note For TrustWallet users: Your EGLD balance is theoretically qualified, but the mechanism of the claim is not available through the TrustWallet application. The optimal strategy is to move EGLD to miaar or web wallet, and risk it for additional Mex.

Liquidity Provider Income
The scheduled vesting liquidity algorithm is determined as follows: starting from 232m tokens for the first two years, with the number of tokens distributed every two years.

The liquidity mining program begins with the launch of the Maiar Exchange and will cover the following pools:

  • EGLD/MEX
  • EGLD/BUSD
  • MEX/BUSD
  • Staking pool for EGLD LP providers
  • Staking pool for MEX LP providers

The MEX will be allocated per pool proportional to liquidity as calculated by the total EGLD value in the pool. In non-EGLD pools, the proportional liquidity is calculated by quoting the price of the base token in comparison to EGLD.

The Fee distribution will be as follows:

  • 0.2% will go to liquidity providers for the given liquidity pools
  • 0.05% will go to MEX liquidity providers who stake their LP tokens
  • 0.05% will go to eGLD liquidity providers who stake their LP tokens

Important note: all above calculations are approximations, and could be subject to change, updates, or rebalancing during the next few weeks.

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.

Onboarding the next billion people will take resourcefulness, hardcore effort, and collaborative community contributions.

The Elrond ecosystem and community have grown tremendously during the last period, and with each of the DeFi 2.0 components, this growth will further accelerate significantly.

Elrond is live. Maiar is live. Staking is live. And the Maiar exchange is here.
Time to get your eGold ready. The snapshots are coming.

And with them, a new growth phase begins.

The liquidity mining program starts with the launch of the exchange of miaar and will include the following pools:

EGLD / MEX.
EGLD / BUSD.
Mex / busd.
Raying pool for the provider of LP Eggld
Raying pool for Mex LP providers
MEX will be allocated per group proportional with liquidity as calculated by the total EGLD value in the collection. In a non-EGLD collection, proportional liquidity is calculated by quoting the price of basic tokens compared to EGLD.

The cost distribution will be the following:

0.2% will go to the liquidity provider for a collection of liquidity given
0.05% will go to MEX liquidity providers that risk their LP tokens
0.05% will go to the EGLD liquidity provider that risks their LP tokens
Important note: All the calculations above are estimates, and can be returned, updates, or return to the next few weeks.

Time frame, snapshot and reinforced hypergrowth
The first snapshot for EGLD will begin on Monday, April 19, with 52 weeks on average 7 daily random snapshots to be followed, stretches one year. Snapshots for the first 4 weeks each will weigh 5x, 4x, 3x and 2x compared to all other weekly snapshots, kick the bootstrap cycle that is fast and important.

The main launch of the Maiar exchange is targeted to live as a web version on April 30, awaiting a successful improvement of a successful mainnet and final security audit settlement. Finally, the exchange of maiar will be integrated into the application for a more seamless user experience.

With the exchange of maiar will live, the new economic engine is set by expanding the Ecosystem Elrond. How big is this exchange?

Exchange of maiar is handling trillion dollars from global significance. His ability to easily onboard hundreds of millions of users will quickly grow it into one of the largest decentralized exchanges throughout the ecosystem.

Onboarding billion next person will take resources, hardcore efforts, and collaborative community contributions.

Ecosystem and the Elrond community have grown rapidly during the last period, and with each component DEFI 2.0, this growth will increase significantly.

Elrond life. Maiar live. Stringing life. And the exchange of miaar is here.
Time to prepare your egold. Snapshot comes.

And with them, the new growth phase begins.

The liquidity mining program starts with the launch of the exchange of miaar and will include the following pools:

EGLD / MEX.
EGLD / BUSD.
Mex / busd.
Raying pool for the provider of LP Eggld
Raying pool for Mex LP providers
MEX will be allocated per group proportional with liquidity as calculated by the total EGLD value in the collection. In a non-EGLD collection, proportional liquidity is calculated by quoting the price of basic tokens compared to EGLD.

The cost distribution will be the following:

0.2% will go to the liquidity provider for a collection of liquidity given
0.05% will go to MEX liquidity providers that risk their LP tokens
0.05% will go to the EGLD liquidity provider that risks their LP tokens
Important note: All the calculations above are estimates, and can be returned, updates, or return to the next few weeks.

Time frame, snapshot and reinforced hypergrowth
The first snapshot for EGLD will begin on Monday, April 19, with 52 weeks on average 7 daily random snapshots to be followed, stretches one year. Snapshots for the first 4 weeks each will weigh 5x, 4x, 3x and 2x compared to all other weekly snapshots, kick the bootstrap cycle that is fast and important.

The main launch of the Maiar exchange is targeted to live as a web version on April 30, awaiting a successful improvement of a successful mainnet and final security audit settlement. Finally, the exchange of maiar will be integrated into the application for a more seamless user experience.

With the exchange of maiar will live, the new economic engine is set by expanding the Ecosystem Elrond. How big is this exchange?

Exchange of miaar is handling trillion dollars from global significance. His ability to easily onboard hundreds of millions of users will quickly grow it into one of the largest decentralized exchanges throughout the ecosystem.

Onboarding billion next person will take resources, hardcore efforts, and collaborative community contributions.

Ecosystem and the Elrond community have grown rapidly during the last period, and with each component DEFI 2.0, this growth will increase significantly.

Elrond life. Maids live. Stringing life. And the exchange of miaar is here.
Time to prepare your egold. Snapshot comes.

And with them, the new growth phase begins.

The liquidity mining program starts with the launch of the exchange of miaar and will include the following pools:

EGLD / MEX.
EGLD / BUSD.
Mex / busd.
Raying pool for the provider of LP Eggld
Raying pool for Mex LP providers
MEX will be allocated per group proportional with liquidity as calculated by the total EGLD value in the collection. In a non-EGLD collection, proportional liquidity is calculated by quoting the price of basic tokens compared to EGLD.

The cost distribution will be the following:

0.2% will go to the liquidity provider for a collection of liquidity given
0.05% will go to MEX liquidity providers that risk their LP tokens
0.05% will go to the EGLD liquidity provider that risks their LP tokens
Important note: All the calculations above are estimates, and can be returned, updates, or return to the next few weeks.

Time frame, snapshot and reinforced hypergrowth
The first snapshot for EGLD will begin on Monday, April 19, with 52 weeks on average 7 daily random snapshots to be followed, stretches one year. Snapshots for the first 4 weeks each will weigh 5x, 4x, 3x and 2x compared to all other weekly snapshots, kick the bootstrap cycle that is fast and important.

The main launch of the Maiar exchange is targeted to live as a web version on April 30, awaiting a successful improvement of a successful mainnet and final security audit settlement. Finally, the exchange of maiar will be integrated into the application for a more seamless user experience.

With the exchange of miaar will live, the new economic engine is set by expanding the Ecosystem Elrond. How big is this exchange?

Exchange of maiar is handling trillion dollars from global significance. His ability to easily onboard hundreds of millions of users will quickly grow it into one of the largest decentralized exchanges throughout the ecosystem.

Onboarding billion next person will take resources, hardcore efforts, and collaborative community contributions.

Ecosystem and the Elrond community have grown rapidly during the last period, and with each component DEFI 2.0, this growth will increase significantly.

Elrond life. Maiar live. Stringing life. And the exchange of Maiar is here.
Time to prepare your egold. Snapshot comes.

And with them, the new growth phase begins.

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