Hello guys, I'm curious about 1 thing regarding MEX token,

Question

MultiversX - Community

Angel

Hello guys, I'm curious about 1 thing regarding MEX token,

there is a max supply of 8 billion tokens ? as we can see on coingeko?

#blockchain #cryptocurrency #elrond #english

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27.07.2022

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Paul | MultiversX (will NEVER DM first) · Accepted Answer

Hi Angel, good to have you with us 🙌 The max supply for the first year is 8 trillion. You can see economics here: https://maiar.exchange/mex-economics-v2.pdf A few things to note: 1) MEX is burnt with each swap and early withdrawal. You can find a chart of the issued MEX and the proportion of burnt tokens at the bottom of his page: https://e-compass.io/ Total burned $MEX until this moment: Total $MEX burned: 35,116,325,649 2) MEX is intentionally inflationary at this stage. This is why we have only the economics for the first year. As the DEX grows over time, the burn rates will increase. Maiar DEX’s native token, MEX, follows a balanced mint and burn token mechanism; it’s a temporary inflationary token with no defined hard cap which can become deflationary if burns outpace emissions. This design allows the Maiar DEX to incentivize deeper liquidity, which is critical to the health of the AMMs." 3) We will soon have a rebalancing of the tokenomics that will bring a lot of improvements & significant changes to the economic model 💡 You can also follow the @MaiarExchange dedicated channel for specific topics 👌

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