Earning Passive Income
Maiar: Elrond’s mobile wallet
Apr 21, 2021
On January 31, Maiar released a mobile app where users can store, transfer and stake EGLD tokens. We will describe to you what Maiar is, what features it has and how this application works.
What is MaiarMaiar is a cryptocurrency wallet built on the Elrond blockchain. The app is available for download in the App Store and Google Play.
Maiar is the first mobile app that uses a cryptographic hash of your phone number to securely generate a blockchain wallet, additionally, it does not store users’ private keys and does not have access to their funds. Users can buy EGLD with a credit card via the app, which also supports BNB and ETH.
Functions Available in Maiar
Currently, users can store and transfer EGLD, ETH, BNB and soon BTC will be supported as well. The main page of the wallet displays the account balance and statistics on the EGLD token. Users can track how the circulating emission changes, how many coins remain to be mined before the end of staking, and the current number of token holders. You can also set your own purchase goals and the app will notify you when it’s time to buy new EGLD tokens.
Maiar uses a phone number to enable you to send EGLD tokens, but if you don’t know the number, you can send coins using herotags. These are usernames running on the Elrond blockchain using the DNS (Distributed Name System) service. You can create your herotag in the profile section. The use of DNS solves the problem of complex and long addresses that holders cannot remember. For example, Ethereum addresses use Base16 encoding in hexadecimal; they are a 20-byte string that starts at 0x and is 42 characters long.
Example ERC20 address: 0x4762417ae0fDfA3A3A9c866fD1D1BDfDAaE734F0
Complex addresses can lead to vulnerabilities. Their owner does not remember them, which is what attackers can take advantage of by replacing the real address with a fake one. And such situations have already occurred.
Elrond solves the problem of complex URLs by offering herotags in the format of the name.elrond, for example: everstake.elrond. Moreover, users choose and reserve an accessible address for themselves. DNS serves as a translator, tying together complex pieces of information, making addresses readable. This way, users can stop worrying that they entered the wrong address and funds may go to the wrong place.
Viewing and adding new contacts is available in the “Contacts” section of the wallet.
Maiar does not store user phone numbers. The address book is only stored on the local device. User privacy is protected by one-way hashing.
Referrals earn 0.5% of all the purchases made by their referred friends. In addition, new registered users receive $10 worth of EGLD tokens after effecting their first purchase for at least $200.Maiar Digital Wallet
is safe and easy to use. You can quickly transfer funds using a phone number or @herotag instead of complicated and long addresses.
🔥Maiar Exchange will be airdropping free MEX tokens to EGLD holders and various DeFi communities.
🔘Sign up with Maiar wallet and get $10 cashback reward when you buy EGld
🔘Airdrop requirements :
🔘Buy / Hold EGLD, UNI, SUSHI & CAKE in your wallet
🔘UNI, SUSHI & CAKE holders address will be snapshoted at a time that will be announced later
🔘On April 19th, 2021; EGLD holders address will be taken on daily snapshots and weekly distribution to follow for one year. 47.50% of the token supply is allocated to EGLD holders.
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