Maya Preferred 223
Maya Preferred 223 is a state-of-art Ethereum Classic-based ERC23 token backed with approximately $34.000 worth of gold and silver from eleven major mines based in Mexico. Maya Preferred is currently being traded on FatBTC, Cat.ex and Saturn exchanges. The token is developed by U. K. Financial Ltd.
Contents
Goals
Maya Preferred is positioning itself to become a new digital payment standard, looking to challenge the credit titans Visa, Mastercard, American Express, and Discover in the retail space. According to its whitepaper, ecosystem of Maya Preferred is expected to include (but not be limited to) ATMs worldwide (target 10,000), cryptocurrency exchanges, security companies, bank accounts, payment systems, payment cards, and an OTC trading desk. An important goal of Maya Preferred 223 is to back cryptocurrency market with their gold and silver reserves, making it more stable. At the end of June 2019 Maya Preferred announced full backing of Bitcoin. MAPR is also backing DFS tokens.
Ticker Symbol
Maya Preferred ticker symbol is MAPR.
Token percentage
The whole number of MAPR tokens is almost 250 million. Maya Preferred 223 team plans to hold 65% (125M tokens), distributing other 35% between different sources. At the moment 1 million tokens is available for the market.
Milestones
Listing
On March 21st, 2019 the trading of MAPR token started on FatBTC exchange. Starting price for a token has been almost $1,500. Orders are now live for the MARP/BTC trading pair. Since May 9th, 2019 the trading of MAPR on Cat.ex exchange has been available, and it is the most active exchange that is trading Maya Preferred 223, according to CoinGecko. On July 3rd, 2019 Maya Preferred 223 was listed on [CoinMarketCap]. The coin is also available for trading on Saturn exchange.
DFS acquiring
In June 2019 Maya Preferred 223 announced that the company had signed a definite partnership agreement and was also in a 90-day due diligence process period to buy out the over 51% control of Digital Fantasy Sports Inc. (DFS) tokens. Part of the buyout agreement between U. K. Financial Ltd. and Digital Fantasy Sports is that UK Financial Ltd. has agreed to use MAPR to back Digital Fantasy Sports with $2.50 per DFS token, giving the DFS token a book value of $2.50.
Backing other cryptocurrencies
Part of Maya Preferred 223’s business plan is to stabilize the cryptocurrency market by using its own coin to back other cryptocurrencies and tokens with gold and silver reserves. At the end of June 2019, Maya Preferred 223’s developers, U.K. Financial Ltd, transferred 21 million MAPR, an amount equal to the total number of Bitcoins, to escrow accounts. The reasoning behind the move is that if the crypto market drops or Bitcoin loses its value, the Maya Preferred team is guaranteeing they will back the flagship cryptocurrency, supporting it with the silver and gold assets currently behind their MAPR.
Split
U.K. Financial Ltd, a company behind Maya Preferred 223, announced the upcoming split, that is scheduled on August 15th, 2019. Coin’s developers with add 100 mln MAPRs into the cryptomarket, thus reducing the price of the stablecoin. Every hodler will get additional coins to have the same value in MAPRs.
Appearance in Good Morning Crypto show
On July 18th, 2019, Maya Preferred 223 was mentioned on the morning show of Ivan on Tech. After reviewing an article about 7 most expensive cryptocurrencies, Ivan announced Maya’s upcoming split.
About the coin
Backing assets
Maya Preferred is supported by eleven gold and silver mines:
- La Estrella #3
- Las Tres Marias Project:
- Las Tres Marias mine
- Cebollas Sur
- Los Laureles
- La Lupita
- La Sonorense
- Santiago Apóstol
- Tequila Project:
- La Guadalupe
- La Guadalupe II
- La Fortuna
- Grano de Oro
Every 90 days Maya Preferred team is supposed to acquire and reconsolidate the assets, that support the stablecoin. The current price of the backing assets gives the backing value of $34,000 behind each Maya Preferred token. With the new shafts’ acquisitions and permanent growth of the prices for gold, backing value is supposed to grow accordingly.
Company’s top ranked officials
- James Dahlke, CEO and founder of Maya Preferred 223.
- Rodrigo Arvide, vice president.
- Richard Crespo, vice president.
- Alejandro Lambarri, a general representative for Latin America
- German Lopez, public sector representative
- Jose Maria Torres Duran, mining advisor
- Keith Christiansen, head of blockchain security.
Advantages
- Transactions in the network are processed very quickly.
- Maya Preferred 223 token has an extra high level of security.
- The token is backed by the record number of precious metals assets, being in practice a stablecoin with approximately $18,500 support in gold and silver.
- With adding new mines to the list of supporting assets, the price of MAPR is expected to grow imminently.
- MAPR now is backed not only with gold but also with fiat.
See Also on BitcoinWiki
External links
- Official website
- Whitepaper
- Proof of gold and silver backing
- link to CoinMarketCap
- FatBTC website block explorer
- Cat.Ex profile
- Interview with James Dahlke
Twitter
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