X Exchange, also known as Maiar DEX, is one of the best Defi built for the new internet economy. Maiar DEX aims to help billions of people swap the assets in the most accessible way while making it easy for developers to build on their platforms. Moreover, it is an excellent option for those who dislike using centralized exchanges.
X Exchange Tutorial
The governance token of the exchange is the MEX token, with a total supply of around 8 trillion- to be exact, 8,045,920,000,000. The burning mechanism of the MEX token will help the supply decrease over time.
Pros of X Exchange Are:
- Swap assets instantly with extremely low fees.
- Low slippage compared to other DEX.
- Developer friendly
- Highly secure
- Easy to connect to the wallet
- Liquidity providers can earn yield from transaction fees.
X Exchange Security
Maiar exchange is built on top of the most advanced and secure blockchain technology- which is Elrond Network. Their priority is always to secure the exchange and assure that the funds of every investor are safe.
In case of exploits, they ensure that the investors’ funds are returned from the Elrond foundation. That makes it one of the best Exchanges for investors and developers in terms of security.
Features of X Exchange
Some of the features of Maiar exchange are:
Farms: It can be a great way to encourage longer-term liquidity providers by offering a secondary source of income. The benefits for farms are typically given in MEX tokens.
Metastaking: Stake any tokens available in metastaking and get APY up to 35% depending on tokens on Maiar DEX.
Swaps: Users can swap available tokens instantly at low fees, which is only 0.3%
Metabonding: Metabonding is a new feature developed by the Elrond team to reward the Egld and Mex holders who have their tokens locked by staking. As Beniamin Mincu, CEO and founder of Elrond, mentions, “Metabonding is the ultimate community bootstrapping product for Web3 startups.
X Exchange Tokens Availability
Some of the Tokens that can be Traded on Maiar Exchange are:
BHAT- A utility token of the BH Network hub will empower both the BHero launched and upcoming freelancing marketplace to bring billions of freelancers to Elrond Network. Bh Network aims to help migrate Freelancers and companies to Web3 from Web 2.
Ride is a token built on Elrond blockchain to make your journey thrilling by merging navigational and car data with XR. You will be able to enjoy your ride even more by turning your vehicles into a moving game through the Holoride.
Utk is a native token of Utrust– A crypto payment solution available to merchants and buyers. The vision of Utrust is to make digital currencies spendable anytime, anywhere by providing a safe platform where buyers and sellers can connect.
ZPay (ZoidPay) is a token built on the Elrond blockchain to provide fast, secure, and cheap online payment solutions to over 100 million merchants worldwide. ZPay will help ease the online payment process and help the merchants get paid in their local currency.
X Exchange FAQs (Frequently Asked Questions)
What is Elrond Blockchain?
Elrond is a high-throughput public blockchain platform that can process up to 250,000 transactions per second.
What Is The Maiar Exchange?
Maiar Exchange is a decentralized exchange (DEX) built on the Elrond Network. It allows users to instantly swap assets with extremely low fees.
How Do I Use Maiar Exchange?
You can use Maiar DEX by connecting your wallet to the platform. Once connected, you can swap, stake, and farm, among other things, to any of the supported assets.
How do I Buy Mex In Maiar exchange?
You can buy Mex by swapping any available tokens in Maiar exchange. You can swap any tokens with MEX, for example, Egld, BHAT, ITHEUM, RIDE, etc.
Is Maiar Exchange Live?
Yes. Maiar exchange is live and fully functional, with many features available.
Maiar exchange is one of the best-decentralized exchanges, which is easy to use, fast and developer-friendly. Moreover, many unique tokens are available for everyone to swap instantly at extremely low fees.