{"id":53286,"date":"2021-11-22T13:37:36","date_gmt":"2021-11-22T11:37:36","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=53286"},"modified":"2025-09-03T14:26:36","modified_gmt":"2025-09-03T11:26:36","slug":"elrond-token-climbs-nearly-50-as-maiar-dex-launches","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/elrond-token-climbs-nearly-50-as-maiar-dex-launches\/","title":{"rendered":"Elrond token climbs nearly 50% as Maiar DEX launches"},"content":{"rendered":"<p>The Elrond Network blockchain project announced the launch of the Maiar DEX decentralised exchange and a liquidity mining program worth $1.29 billion.<\/p>\n<blockquote class=\\\"twitter-tweet\\\" data-lang=\\\"en\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">1\/ TODAY IS THE DAY.<\/p>\n<p>The Maiar DEX is going live \ud83c\udf15<\/p>\n<p>A state of the art DEX built on a sharded architecture, w\/ 100% community ownership.<\/p>\n<p>Unveiling Elrond Superwave, a $1.29 Billion USD liquidity mining incentive program for 1y, w\/ $282M for first month.<a href=\\\"https:\/\/t.co\/IYxYS0Y8ry\\\">https:\/\/t.co\/IYxYS0Y8ry<\/a><\/p>\n<p>\u2014 Beniamin Mincu \ud83d\udd25\ud83c\udf13 (@beniaminmincu) <a href=\\\"https:\/\/twitter.com\/beniaminmincu\/status\/1461781011042377728?ref_src=twsrc%5Etfw\\\">November 19, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>The EGLD token price rose from around $318 to near $477.<\/p>\n<figure class=\\\"wp-block-image\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/lh3.googleusercontent.com\/nnYmZCD8WNLKohPyKNynf0w-PWDIMaGWP3xu_7COfaqVbANHcL5eDbJhQIeo8Oup0YVFfThmqYYL45HvJhe9x15K483e_fYoIyMWpWEWaZltruVMzLKX3qwB4M26G2c42jJYyrAr\\\" alt=\\\"Elrond token rose nearly 50% on DEX launch\\\"\/><figcaption>Hourly EGLD\/USD chart on Binance US. Data: <a href=\\\"https:\/\/ru.tradingview.com\/symbols\/EGLDUSDT\/?exchange=BINANCEUS\\\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>According to <a href=\\\"https:\/\/www.coingecko.com\/en\\\">CoinGecko<\/a>, over the past seven days the native Elrond token has risen more than 47%.<\/p>\n<figure class=\\\"wp-block-image\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/lh6.googleusercontent.com\/O0jtCvftj3XXJXpLUMAlR5dlhYkp-ZvHo20kDEZxDvbmhb2bxQKNc1AQ4nTJ5fD406d-eJRgc38fpc5Q1xPb3MMFXWOLWMDDz97vGZP3QvmD5qAGsSi5SWwwvJ7FSczcpUJRrpKf\\\" alt=\\\"Elrond token rose nearly 50% on DEX launch\\\"\/><figcaption>Data: CoinGecko.<\/figcaption><\/figure>\n<p>The Maiar DEX smart contracts passed formal verification and an audit by Runtime Verification. The platform underwent stress tests that confirmed its performance and scalability, according to the statement.<\/p>\n<p>Under the liquidity mining program, in the first month of operation, governance tokens MEX worth $282 million will be distributed among users. They will receive the tokens as rewards for providing liquidity in EGLD, MEX and the USDC stablecoin.<\/p>\n<p>In the next phase, Elrond announced the expansion of the program to products from DeFi projects such as Uniswap, PancakeSwap or SushiSwap.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>&#8220;Distributing ownership of Maiar DEX among a billion users, we are laying the foundation for a truly global financial system accessible everywhere and to everyone,&#8221; said the founder and CEO of Elrond Network Beniamin Mincu.<\/p>\n<\/blockquote>\n<p>Back in July 2021, the Elrond team <a href=\"https:\/\/forklog.com\/en\/news\/elrond-launches-mainnet-with-claimed-throughput-of-up-to-263000-tps\">launched the mainnet<\/a> with a claimed throughput of 263,000 TPS.<\/p>\n<p>Follow ForkLog news on <a href=\\\"https:\/\/vk.com\/forklogcom\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">VK<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Elrond Network blockchain project announced the launch of the Maiar DEX decentralised exchange and a liquidity mining program worth $1.29 billion.<\/p>\n","protected":false},"author":1,"featured_media":53287,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1093,787,1853],"class_list":["post-53286","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-defi","tag-dex","tag-multiversx-egld"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/53286","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=53286"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/53286\/revisions"}],"predecessor-version":[{"id":53288,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/53286\/revisions\/53288"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/53287"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=53286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=53286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=53286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}