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 * Swap
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$0.000005
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xExchange 2.0 Paper
Energy, Batteries, and the New MEX Tokenomics Model
Read NowClose
Introducing a new approach to decentralized exchange (DEX) economics

What’s New
$0.000005
MEX Price
3,528,583,678,977
Supply
$20,396,016
Market Cap
$85,512,859
Total Value Locked


XEXCHANGE FEATURES

xExchange brings robust functionalities thanks to the advancements in the
MultiversX protocol and its Smart Contract capabilities.
Swap Assets
Swap assets instantly, globally, inexpensively, automatically with incredible
ease.
Liquidity Pools
Earn yield from transaction fees and liquidity incentives, in the form of LP
tokens.
Staking Rewards
Stake Liquidity Pool (LP) tokens or MEX to earn more MEX.


ENERGY AND BATTERIES

XMEX introduces the powerful concept of “energy”, which builds on the XMEX “time
lock” concept to increment utility:
Locking
1 MEX can be locked into 1 XMEX. This XMEX comes with 0 energy.
MEX
Lock
Unlock
XMEX
Charge
Benefit
No energy
XMEX
Full Energy
Charging
You will be given the choice to charge your XMEX with either 1 year, 2 years or
4 years of energy.

1 XMEX Lock Period
Energy Points
1 Year
360 (= 360 x 1)
2 Years
720 (= 360 x 2)
4 Years
1440 (= 360 x 4)


THE MEX EVOLUTION

The token powering the decentralized exchange is MEX, which is also evolving in
xExchange 2.0.
Capped Supply
The issuance will decrease year by year and will be zero in 8 years.
Less Inflationary
MEX will immediately be 3x less inflationary (-65%) than in Maiar DEX 1.0.
Fully Transferable
MEX remains fully transferable and also tradeable on xExchange and other
exchanges.
Pay with MEX
Can be used for payments in xPortal, xSpotlight NFT marketplaces, xMoney
platform.
Earn Rewards
Deposit MEX in the EGLD-MEX pool to earn trading fees and farming rewards.


SUPERCHARGED LKMEX BENEFITS

All benefits mentioned below will depend on the energy of the account without
the need to allocate the energy or LKMEX.
LKMEX Benefits
Maiar DEX 1.0
xExchange (Maiar DEX 2.0)
MEX/LKMEX rewards for LKMEX stakers/holders
shared with MEX stakers; need to stake
only for XMEX holders; no need to stake
Metabonding Rewards
shared with EGLD stakers; need to stake
no longer shared with EGLD stakers; no need to stake
Farming EGLD-MEX LP


LP of other future MEX pools


Max. capped supply


xLaunchpad eligibility(based on energy)


Boosted APR for selected farms


Boosted APR for Metastaking


Earning energy removal fees (50% burn and 50% direct distribution)


Earning 0.10% of trading swaps(50% burn and 50% direct distribution)


Participating in governance




DEX LEAGUES

Soon you will compete with your friends and other xExchange members for a
position in one of our new DEX Leagues, each offering you new benefits.
Edison
This is the easiest league, perfect for all.
Energy Required:0
Faraday
The second league in difficulty to reach. Let the games begin.
Energy Required:200,000,000
Ohm
The league for the best balanced players.
Energy Required:50,000,000,000
Newton
For all power users, the right mix of benefits and opportunities.
Energy Required:500,000,000,000
Tesla
The most advanced league, only for the strongest.
Energy Required:5,000,000,000,000


XEXCHANGE AT X DAY

Lucian Todea, MultiversX co-founder and COO, presented this upcoming upgrade at
X Day.


Internet-scale DeFi: the scalable financial engine of the new internet economy.

© 2023 MultiversX. All rights reserved.

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