$ITHEUM is Listing on the Maiar DEX: Everything You Need to Know
We’re excited to announce the upcoming listing of the $ITHEUM token on the Maiar DEX (decentralized exchange), set to take place on April 25, 2022 at 16:00 UTC!
Our IDO concluded on Elrond’s Maiar launchpad on March 28, 2022, which marked a major breakthrough for our project with overwhelming interest. 6 years of sheer hard work has led to this historic turning point, with $ITHEUM set to soon go live for trading on their flagship DEX.
We’ve outlined what you can expect moving forward and what this token listing means for both the Itheum and Elrond ecosystems.
For all of the key details and timelines regarding the listing, please reference the following Elrond announcement.
Upcoming DEX Listing
The listing of the $ITHEUM token on Elrond’s Maiar DEX will allow users to trade the token and engage in rewards-based activities for participation in the broader Elrond ecosystem. The Elrond blockchain’s high speed and scalability provide more opportunities for those looking to exchange $ITHEUM while also allowing them to benefit from extremely low transaction fees.
The following trading pair will be available on the DEX:
Please recall that you will need $EGLD tokens within your Elrond wallet to pay for any transaction fees.
New Listing Process
Elrond has recently implemented a brand new listing process, where $ITHEUM will be the first token to undergo these mechanics. This listing process has been created to help the $ITHEUM token derive the correct market value, create fairness amongst participants, and reduce volatility commonly seen in new listings.
It will include 3 crucial steps that will commence on the listing date and span for several days:
- Day 1: Price Discovery
- Day 2: Adding Liquidity
- Day 3: Trading Start
This process allows for users to leverage several key benefits, such as utilizing their tokens obtained from the price discovery phase for liquidity provisioning, yield-farming, and trading on the Maiar DEX.
Users can learn more about the price discovery and listing details through Elrond’s available resources:
We will also soon be releasing an internal blog and announcements explaining these steps in more detail so that you’re fully prepared for when the time comes next week.
A big thanks to everyone who participated in the IDO — we look forward to seeing you there during the DEX listing!
Itheum empowers data ownership in the Web3 and Metaverse ecosystems and creates new market value for your data. We enable this by providing “decentralized data brokerage” technology. It’s a suite of tools that enable high-value data to be bridged from web2 to web3 and then be traded via peer-to-peer sales. Our “Data NFTs” let you fully own and control your data — in addition, our “NFMe ID” technology allows you to immerse yourself in the metaverse an NFT representation of your data on the blockchain. We’re also aiming to be fully privacy-preserving, regulation-friendly and cross-chain, making us the most comprehensive core blockchain data infrastructure available in the market with use-cases in both the enterprise and retail space.