Review on Maya Preferred 223 by Pedro O. Alvino M.
ERC 23 token backed by GOLD
Maya Preferred, a project that was built on the Ethereum Classic network, is an ERC 23 token that is backed by a physical asset, which in this case would be a precious metal (gold) that aims to promote its token as a commercial and financial medium. payment given the low volatility and financial support it has.
The UK Financial Ltd. corporation responsible for the creation of the Maya Preferred coin token, a company formed in the United Kingdom has a team of experts in the financial industry that, through the Maya token, develops and implements payment services for companies and businesses can accept MAPR as an alternative payment method, as well as Bitcoin and Ethereum.
Currently the Ethereum Classic network is in constant development and implementation of new security protocols due to high simultaneous attacks on the network, in which said currency and tokens derived from the network are affected, so that the commercial flow of the token Disinterest in MAPR assets decreases and grows
Pros
- It is one of the few ERC 223 tokens backed by a physical asset, in this case in gold
- Being an ERC 23 token, it gives developers more flexibility when it comes to managing the token in transactions in smart contracts, which allows the creation of more innovative protocols.
- It has lower network fees than ERC 20 tokens
- Its service network structure allows companies and businesses to use MAPR as an alternative means of payment.
- It has a huge community that followed the project.
Cons
- Very low trading liquidity of the currency in crypto exchanges.
- Being based on the Ethereum Classic network that has suffered certain 51% attacks on the network, the security can be not very reliable.
