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I've been using maxima wax for some time, but am about ready to try something else, due to the fling factor. I dunno why I seem to be in the minority with regard to the maxima making a mess, but...
Maybe tirox?
This is incorrect, or rather incomplete. The lubricant held inside the chain itself does nothing to reduce friction between the chain and the sprockets. When you "grease the chain", you grease the interface between the chain and the sprocket, which reduces noise, friction and heat and makes it last longer. Using a paste, or a wax as they are also called, is much better than oil or grease because it stays there longer and keeps the friction (and the noise) to a minimum.
I normally clean the chain with kerosene before applying the paste, that is the best cleaner you can use (because it will not damage the o-rings in the chain) and it's cheap. The first time I cleaned the chain after I bought my bike, I just used the kerosene and no grease as suggested by Kpd1031 and I could hear the chain get noisy after about a week (I ride about 250 miles/week). With the paste, I am good for at least 4 weeks. I live in Florida where roads are generally clean but we do have a fair amount of sand blown by the wind. Your environment may be different.
Oil and regular grease work, but they have to be applied more frequently, and they tend to get splattered on the chain guard and other parts, so they are messy. The wax is clean and not messy.
I recommend you don't take my word for it, try it for yourself.
I would like to know what kind of chain Lube everyone is running and why. I have been using Motul since I bought my bike last year but I am not impressed to say the least with it. It was the only chain Lube at the local Motorcycle shop at the time so that is what I used. I have been thinking about ordering some Bel-Ray Super Clean Chain Lube and try that but figured I would get some opinions before doing so.