Review on Maya Preferred 223 by Paul Maduagwu
Hmm... Backed by Silver and Gold in Mexico.
Maya Preferred 223 $MPR is an ERC23 token built on the Ethereum Classic blockchain. This improves its efficiency because ERC23 transaction costs are noticeably cheaper than that of Ethereum blockchain, and it reduces the issue of lost tokens because unlike Ethereum, Ethereum classic blockchain allows users to send funds to either a wallet or smart contract.
Its mostly traded on Fatbtc Exchange, according to Coinmarketcap. $MPR major usecase is for making secure and quick payments, and is advertised to be one day used as means of everyday transactions.
$MPR has a ~13 sec blocktime which is good enough for simple payments and transactions but is slow compared to some of the trending projects in the crypto space. Each $MPR coin is claimed to be backed by silver and gold worth ~$34000, the project also plans to back Bitcoin with silver and Gold too.
The project is mostly investment orientated, users or holders invest on their official website and gain profit when some conditions are met, which they have described in their various products like the "MYEX VIP" and
'Retirement plan". Currently trading at ~$1200 at the time of writing this review.
Pros
- Cheap transaction fees.
- Decent social media presence and following.
- Backed by Silver and Gold (with contract proof).
Cons
- Only available on few Exchanges.
- 13.8 seconds blocktime.
- Small number of holders.
- You have to sigh up on their website to get a wallet address, unless one is using an Exchange address.
- Low 24hr trading volume.
