The Cryptoverse Explorers

The "'Cryptoverse Explorers"' are here to take you on a journey! They will explore the blockchain and share their amazing experience! From Modular Chains to Layer2s ... here is the place to enhance your crypto knowledge!

Elrond Network is a highly scalable, fast and secure blockchain platform for Dapps and block-chain solutions which I discovered in 2020\. I was impressed by the[ Adaptive State Sharding Mechanism ](https://www.publish0x.com/mind-puzzle/elrond-erd-and-the-adaptive-state-sharding-mechanism-xmdjqwe?a=pmbk1p5ezJ)designed to bring a 1000-fold cumulative improvement in throughput and invested a small amount in the Elrond. 

[**![65bd4a3e809b7f9842bdea369e0cef0c48598614aa43661c47011d6736648a78.png](https://cdn.publish0x.com/prod/fs/cachedimages/744871701-65bd4a3e809b7f9842bdea369e0cef0c48598614aa43661c47011d6736648a78.webp)**](https://get.maiar.com/referral/csk26kx0cl)

[Maiar Wallet](https://get.maiar.com/referral/csk26kx0cl) was launched on the 31st of January 2021 bringing a modern layout, unique herotags for the users, vault, wallet and stickers. The launch of the wallet pushed eGLD to a new ATH and many noticed the potential of the project. [Maiar](https://get.maiar.com/referral/csk26kx0cl) has an unique [referral system that gives $10 cashback](https://get.maiar.com/referral/csk26kx0cl) when buying $200 worth of Elrond and transactions fees as low as 0.001 eGLD. Happy to have such a gem in my portfolio! 

![996045a644f3e830a298835f022465247e1d752f3a7b906ce09ea086781e51d4.jpeg](https://cdn.publish0x.com/prod/fs/cachedimages/1022717077-996045a644f3e830a298835f022465247e1d752f3a7b906ce09ea086781e51d4.webp)

When eGLD staking was introduced through the [Maiar Wallet](https://get.maiar.com/referral/csk26kx0cl), I added my stash to earn extra. In 3 months of staking, from the 9th of August to the 9th of November, I earned 0.447 EGLD at 12.5% APR. 

![4bd5a6b7f3cc4c7cde76918bd74bb99d2a747b2db699411dbf877310aa967bff.jpg](https://cdn.publish0x.com/prod/fs/cachedimages/3967287679-4bd5a6b7f3cc4c7cde76918bd74bb99d2a747b2db699411dbf877310aa967bff.webp)

The Elrond Ecosystem marked a new milestone when the Maiar Exchange (MEX) was launched. The eGLD holders where able to claim $MEX, a token with a complex distribution process. Daily snapshots recorded the amount of staked eGLD, tokens staked as validators, delegated to staking providers and held in [Maiar](https://get.maiar.com/referral/csk26kx0cl) or Ledger. Holding eGLD on exchanges was not included in snapshot and was not eligible for rewards.

![1cba3248a1b3c60203ca8eb540d65924406cbc57799f43f3a1184803bc49c019.jpg](https://cdn.publish0x.com/prod/fs/cachedimages/4199055644-1cba3248a1b3c60203ca8eb540d65924406cbc57799f43f3a1184803bc49c019.webp)

I logged to MEX after launch and I received 241,890 $MEX for staking eGLD, and claimed them when the time was due. Once claimed they went straight into my [Maiar Wallet](https://get.maiar.com/referral/csk26kx0cl), where they waited for the Maiar Exchange to go live at full power.

![ced6b3ad8542616664c28d52dff8c70bf6729c78efac2c3b73734fef7dec1056.jpg](https://cdn.publish0x.com/prod/fs/cachedimages/3967287679-ced6b3ad8542616664c28d52dff8c70bf6729c78efac2c3b73734fef7dec1056.webp)

The distribution was influenced by multipliers, as holders earned at normal rate while those staking earned at 1.5 multiplier. The launch of MEX and the $MEX token is another achievement for Elrond Network, and the stage unlocking will prevent massive dumps that may affect negatively the exchange and the token value. The 241,890 $MEX were showing in my wallet as LKMEX, the locked version of the token.

![168de94f08c93c88ea84604146b7fe012235ef530cf4e53ad9a9c628c7bdeb19.jpg](https://cdn.publish0x.com/prod/fs/cachedimages/3967287679-168de94f08c93c88ea84604146b7fe012235ef530cf4e53ad9a9c628c7bdeb19.webp)

The tokens started to unlock this December, with 10% of the total. The next share is scheduled for December 2022, then 15% each month until May 2023\. This slow unlocking system make sure holders will not sell the $MEX immediately after distribution.

**Residual Income:**

Games: [Upland](https://r.upland.me/LsFp) / [Splinterlands](https://splinterlands.com/?ref=pvmihalache) / [Doctor Who](https://doctorwho-worldsapart.com/r/4175/)

Cashback Cards: [Plutus Card](https://dex.plutus.it/auth/referee/signup?refId=IbFUXm) / [Crypto.com](http://Crypto.com) 

ZCash: [PipeFlare](https://pipeflare.io/r/zxn) / [GlobalHive](https://globalhive.io/auth/register?ref=1917)

Publishing bundle: [Publish0x](https://www.publish0x.com/?a=pmbk1p5ezJ), [Hive](https://peakd.com/register?ref=pvmihalache) & [Presearch](https://presearch.org/signup?rid=1695040)

[PVMihalache The Author - My Amazon Books](https://www.amazon.co.uk/~/e/B019FB0ZNG)

[GrillApp](https://grillapp.net/accounts/3sibgjVDfoLNLoHNrLPEUwkwMf1X2KcduZYKEuepFkF2jEPy?ref=21350) \- New Write2Earn Dapp

Claim Your [Mode Network](https://ref.mode.network/zHzdly) Points

![fe330059b02f324a2291617b28903040.png](https://cdn.rcimg.net/PVMihalache/669db17a/fe330059b02f324a2291617b28903040.png)

Elrond Network is a highly scalable, fast and secure blockchain platform for Dapps and block-chain solutions which I discovered in 2020. I was impressed by the Adaptive State Sharding Mechanism designed to bring a 1000-fold cumulative improvement in throughput and invested a small amount in the...

Maiar Exchange (MEX) enhanced the Elrond Ecosystem

UMA Ambassador/ Across Committee/ Horizen Ambassador

bafybeie2zgfw3r5qlz2eefa3kuil4rnwp4kpcb3tz4tqjxcutpzutio7ly

bafybeihgiu3ioz3wmt6td2b5oet4k5putan7dpoaoshaxtjjtua7ymbpfm

bafybeicf47l6gwloyzfkemqc6igucjmg43g2eohppqztd7iyx6gt2cyzgq

bafybeicv4jp237xukql5npalwacgdsceaknlmowwclurirf73t2uf4btp4

0 comments