Review on Maya Preferred 223 by Douglas Cachazo

Name: Maya Preferred 223
Item: Maya Preferred 223
Rating: 3

October 02, 2020

Maya Preferred 223: Token with value backed in Gold and silver in Mexican mining

In ancient times, long before globalization, the first currencies, their commercial value were backed by their weight in gold or silver, with evolution and a world on the verge of globalization, Fiat currencies emerged since it was not possible to continue minting gold coins or silver, this blockchain technologies project builds on that ancient concept of backing coins with precious metals. I believe that the time will come when it will become unsustainable and going to the traditional method that all modern cryptographic projects use to value their currency, successful projects with good supply and demand for their coins is the right way at least that is my opinion. Its goal due to its low transaction value and speed is to take possession of small and large merchants so that they adopt it as a secure means of payment. This project is based on the Ethereum Classic blockchain and its token is the ERC-23 of this blockchain. It differs from the ERC-20 for faster transactions at a lower price. Its main financier is the British company UK Financial, which apart from creating the project invested a good amount of money in gold and silver destined to support the monetary value of the currency, the idea is to have a currency with a stable price, however the current price of the Maya Preferred 223 is $ 1,253.80 with a historical maximum of $ 25,546.80 in July 2019 and a minimum of $ 10.95 in February 2020.
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