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What is xExchange DEX (MEX)?

xExchange, formerly known as Maiar Decentralized Exchange, is a decentralized platform operating on an Automated Market Maker (AMM) model. It was developed to serve as the primary exchange for the Elrond blockchain (now MultiversX) and is maintained by the same development team. Users can trade, buy, and sell cryptocurrencies easily through the platform. The native token of xExchange is MEX, which has a total supply of 8,045,920,000,000 tokens. MEX is used mainly to pay transaction fees on the network and is also distributed as rewards to liquidity providers contributing to the platform's pools. xExchange's key features include its AMM-based trading system, which eliminates the need for an order book, allowing for instant swaps. It incorporates peer-to-contract functionality for peer-to-...

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