xLaunchpad, previously known as Maiar, is an IDO launchpad and an integral part of the MultiverseX (previously Elrond) ecosystem. It provides support to startups operating on the MultiverseX chain network, aiding them in fundraising, networking, and community building.
Since its inception in 2021, xLaunchpad has conducted 5 IDOs, achieving an average ATH ROI of 16.17x. Holoride stands out as one of the most successful Maiar launchpad projects, achieving a 49.04x ATH ROI and raising over $10M.
xLaunchpad (Maiar launchpad) Overview
xLaunchpad (Maiar launchpad) - About
xLaunchpad, aka Maiar exchange launchpad, is a part of MultiversX (Elrond) ecosystem, a highly scalable layer 1 blockchain protocol, powered by its native EGLD token. Leveraging its scalability, high-speed transactions and low-cost fees, MultiversX is building an ultimate toolkit and framework for development of DeFi and DApps' economy within its ecosystem.
Meanwhile, the xLaunchpad is designed to support highly determined projects built on MultiversX in raising funds and building a community.
It is powered by $MEX, a native Maiar Exchange coin, which can be used to earn $XMEX, a non-tradable version of the Maiar token. Every $XMEX token a user receives during yield farming and liquidity pools is locked for 4 years to incentivize liquidity provision and generate 1 XMEX energy point per locked token every day. XMEX energy provides benefits to users, including:
- Boosted APR in metastaking and farms;
- Access to earning swaps and energy removal fees rewards;
- Governance voting power;
- Access to staking and metabonding rewards;
- Opportunity to participate in IDOs on xLaunchpad.
Learn more about xExchange coin, aka Maiar coin, utility here.
To participate in an xLaunchpad IDO you need to receive one of the five launchpad tiers by staking $EGLD or owning a minimum of 5000M XMEX energy points and complete Maiar Launchpad KYC verification. Once you receive a tier, you become eligible to buy lottery tickets for a random allotment allocation. All tickets have an equal predetermined value of your allocation in $ and indicate how many times your wallet address will appear in the lottery. After the random allocation event ends, you will receive IDO tokens based on the number of your winning tickets, while the full cost of tickets that did not win the lottery will be refunded.
Find out more info about xLaunchpad participation here.
