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 the team, advisors, investors, etc.

The token distribution will be as follows:

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

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. The previous Maiar (eGold) Airdrop has been completed successfully.

About Maiar & Elrond

Maiar is a digital wallet and global payments App, powered by Elrond, that is reimagining the way we interact with money, allowing you to exchange and securely store crypto on your mobile phone. Maiar offers a digital identity layer that starts with a service mapping the phone number to a wallet address while preserving privacy and allowing users to send money to friends and family via their address book. The major launch of the Maiar exchange is targeted to go live as a web version on the 30th of April, 2021. With the Maiar Exchange going live, a new economic engine is set in motion expanding the Elrond ecosystem.

Elrond is a complete rethinking of public blockchain infrastructure, specifically designed to be secure, efficient, scalable and interoperable through Adaptive State Sharding and Secure Proof of Stake (SPoS). Developers can use it to create decentralized applications and run smart contracts. The wide public can use Elrond as a user-friendly gateway to the digital economy.

Step by step guide Maiar x Elrond Airdrop

1. Visit the Maiar x Elrond Airdrop announcement page, and read carefully.
   
   
2. 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.
   
   
3. The snapshot conversion ratio will be non-linear, specifically, MEX will be claimable pro-rata based on the following formula. These conversion rates are chosen in order to reduce wealth concentration onto large holders of EGLD and UNI / SUSHI / Pancake and redistribute more evenly onto smaller holders.
   
   
4. NOT eligible for MEX distribution: Vested (locked) tokens, Tokens held on exchanges, Unclaimed staking rewards, and Old ERD tokens.
   

Step-by-Step Guide ”Maiar x Elrond Airdrop”
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