
Ovi
100 posts

Ovi
@BrotherJder
Doubtful know it all. Breaking stuff @ #MultiversX


The xExchange Fees Collector upgrade is now live. A powerful new mechanism to generate constant buy pressure for MEX, reduce gas costs, and reward active community members. Get ready for a special one-time event. Over $100k in tokens will be used to buy MEX from the open market.





My initial thoughts on the new @MultiversX economics proposal. While I'm still digesting all the changes, one point immediately lit up my mind like a 🎄 The proposed 90% distribution of transaction fees directly to smart contracts as developer rewards. 🤯 I ran some quick numbers for @xExchangeApp. Our 748 smart contracts currently capture ~23-25 $EGLD per month in developer rewards. With a 90% transaction fee distribution, this could jump to ~215 $EGLD per month. For the $MEX token, this translates to ~1% monthly buying pressure based on today's liquidity from the largest pool. Seeing the proposed changes to staking and validator incentives, opening an xExchange staking provider is also becoming a very attractive idea. 🤔 This approach would allow us to capture more value for the protocol and the $MEX token, while keeping the $EGLD value locked within the ecosystem. Compounded flywheel for the entire ecosystem!


We're excited to announce that we’ve raised $21.5M in strategic funding, led by the Sui Foundation (@SuiNetwork) with continued support from @MultiversX 💪 This funding fuels our mission to unlock the multi-trillion-dollar opportunity in global payments and stablecoins, backed by full MiCA compliance, Visa & Mastercard membership, and infrastructure serving thousands of merchants worldwide. Stablecoins are already settling $7T+ annually. What they need now is trust, compliance, and usable rails. That’s where xMoney comes in 🫡 The future of payments is here, and we'll keep building it!

We are proposing a xExchange Upgrade with our new xEIP draft! It proposes powerful improvements for the Fees Collector mechanism: 🔁 Weekly conversion of fees into MEX ⛽ Reduced gas costs on every swap 💸 Redistribution of unclaimed rewards after 4 weeks Get involved 👇











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