About Maiar x Elrond
The token will be distributed transparently to the community, with no pre-allocations for team members, advisors, or investors. The previous Maiar (eGold) Airdrop was successfully completed. The Maiar exchange is expected to launch in web version on April 30th, 2021. This event will trigger the implementation of a new economic engine, expanding the Elrond ecosystem. Elrond is a blockchain infrastructure, designed for security, efficiency, scalability, and interoperability using Adaptive State Sharding and Secure Proof of Stake (SPoS). Developers can utilize Elrond to create decentralized applications and execute smart contracts, while the general public can access Elrond as a user-friendly gateway to the digital economy.
Step-by-step guide
Visit the Maiar x Elrond Airdrop announcement page, and read carefully. 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 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. NOT eligible for MEX distribution: Vested (locked) tokens, Tokens held on exchanges, Unclaimed staking rewards, and Old ERD tokens.
Disclaimer: This content is for educational and informational purposes only and does not constitute financial advice. Conduct thorough research before making any deposit/investment decisions (DYOR).