Learning more every day about Maya...
Maya token is like Bitcoin
While most people who know of Maya Blockchain know it is a friendly fork of Thorchain, and while both specialize in cross blockchain swaps without bridges or wrapping tokens. There are some important differences between Thorchain and Maya which I feel merit further study.
Maya tokens are like Bitcoin, in that there was a fixed amount of Maya minted, and now they will only grow in value overtime.
They were distributed to people who deposited assets into the original liquidity pools; Bitcoin, Ether, USDT and USDC to name a few.
Now the holders receive 10% of the transaction fees from the cryptocurrency swaps on Cacaoswap on Maya Blockchain, for as long as they hold their Maya in their wallets.
Interesting fixed supply, like Bitcoin, so no inflation to reduce the value of the token, and it earns a ever increasing amount of money daily as trading volume on Cacaoswap increases over time.
Interesting, taking the deflationary and longterm appreciation characteristic of BItcoin and adding the daily income from swap transactions like Uniswap makes the token an atractive investment .
Cacaoswap on the Maya blockchain is like Uniswap
Like Ethereum hosts Uniswap, Maya blockchain hosts Cacaoswap, which like Uniswap is a decentralized exchange.
As a decentralized exchange cacaoswap doesn't take custody of your cryptocurrency tokens, and they remain in your wallet until exchanged for another token.
As an exchange cacaoswap generates transaction fees on each trade, but unlike a centralized exchange the majority of fees go to the liquidity providers like on Uniswap.
And like Uniswap there are no listing fees to list tokens, nor fees to becoming a liquidity provider.
Perhaps a very good investment is Maya Token or assets listed for trade on Cacaoswap...or both
Now that I have read the first half of the Maya White Paper... it's long so I admit I haven't finished it LOL!
I am thinking this is what attracted me to Hive originally and away from so called "buy and hold" tokens which you HODL. The ability to make daily income, on Hive feels similar to the ability to earn daily transaction fees on Cacaoswap for holding Maya token. The nice thing is that even if I don't work, I still earn, it's completely passive.
And I am thinking that this fixed number of Maya to ever be made is what attracted me to Bitcoin. As a deflationary token, in an inflationary world, it can only go up in price longterm. And I can see why people want to hold the token, with daily passive earnings, it sounds like a good token to hold.
Last words
- I hope your curiousity has been raised by this ahort article and perhaps you now want to read some of the Maya White paper at this link: https://assets.website-files.com/62a14669b65c6aeed054f32e/62a14669b65c6a792954f40c_MAYA_PROTOCOL_WHITEPAPER_Part_4%20(1).pdf
- You may also want to listen to this PodCast interview of one of the Maya Developers, the Podcast is entittled the Deep Dive in Maya Protocol at this link:
- Thanks for reading this post, please reblog or repost this post and upvote if it you think it has value.
@shortsegments
Title: Maya Blockchain is an investment which looks like a combination of Bitcoin and Uniswap