The crypto market is the growing segment where we see a lot of action in terms of development and innovation. Many projects are launched and there are very few that try to deliver something unique and they try to deliver a next-level experience. when things are common then it is available across almost every platform but choosing something that is not available in general can be a good idea and very few projects bring something like this. I was going through one of the projects and this looks quite promising based on the details provided and their road map. They have a lot for us that can empower the crypto and DeFi segment. Decentralized finance is still a hot topic in the crypto market despite the fact we are in the bear market so when the market will be in a better situation then I am sure it is going to be even better and a great option to go forward with the investment.
Maya protocol
It is possible that you might not have heard about this project known as Maya Protocol but if you go through it then you will find some great insight. The Maya Protocol is trying to deliver something which has not been part of it before and it will come in the form of a multi-chain. As I already mentioned that innovation is the key here so whatever projects focus more on the innovation side then they are going to get more attention else going with the flow is something does not get much value in this market. There are so many D5 protocols available on the market but not everything is doing well because they are not innovative but whichever projects are offering something different then they can be the game changer in the segment.
This Maya protocol is different in this case and they are building the multi-chain which will allow us to create tokens on different chains that has not been possible yet but now it will be. For example, you can trade Bitcoin on the Ethereum chain and this is going to a bigger change in the segment.
Empowering DeFi
People like investing more in decentralized finance because we get control over the funds and the investment is done without the involvement of any intermediary. We are moving towards a decentralized world and the best part is that we get control of everything that we own and this is why the majority of people are liking it. In traditional finance, it is not possible because the ownership of funds remains with the institution whereas with this new phase of investment, things are just the opposite and we are given control. The platforms are quite advanced in the form of technology so we need not worry about the logic built behind it because all these runs through the advanced form of technology.
With the addition of multi-chain, the investment is going to be even better because we will get the option to transact on multiple chains. This way the project is going to remove many limitations where things are going to be more easy and we will get the options to choose from depending upon our preference. We can also perform multiple transactions on the same platform while transacting on multiple chains so this is going to be quite convenient and a better option rather than switching the different protocols. I'm not sure how it is going to work but this is quite interesting and worth trying out to experience how it works.
Advanced Technology
The Maya Protocol project is the fork of the Thorchain and it is one of the best projects available in the segment in terms of the offering as well as the technological advancement. safety has never been an issue here so we can rely on this because they have maintained the same level of security and undoubtedly they are built on high-end technology.
Maya Protocol is a Cosmos SDK-based decentralized liquidity protocol that enables native swaps across blockchains.
Technology is an important part of the project and since it is built on Cosmos decentralized protocol so undoubtedly it has followed the latest form of technology as well as it is more secure. When we get more security with the backup of high-end technology then the investment is something that we can do with peace of mind because there is nothing to worry about and it is a reliable project. With Maya protocol, we get all of it in one place.
Token Economy
Usually in decentralized finance protocols, we get to know about one token but things are slightly different here because the project has got 2 tokens. The token economy is an important part of any project so we need to go through and understand what they have got and what is there that makes it a better option. So as they have got two tokens in their platforms let's try to find out some insight about both tokens-
MAYA Token- One token is called Maya token which has got a very limited supply of just 1 million. we know that one million supply is nothing in the crypto market whereas the majority of dopants carry the supply in billions but in this case, this is the best part. This token will be distributed to the early investors/participants along with the team. This token will be covering the 10% of transaction fee for the swap and it will be used to incentivize holders to encourage them for supporting the ecosystem. this is going to be a valuable token in the ecosystem because of the limited supply and whoever will be getting the distribution must be happy since they are going to be an important part of the overall ecosystem by holding the bunch of tokens.
CACAO Token- This is another token that is part of the ecosystem and the total supply for this is 100 million. The 100 million token supply is also not huge which clearly shows that the project is focused more on the token value rather than the bigger distribution and because of this they have worked such a way that the community is going to own limited tokens but the value is going to be significant. This token will be required for multiple use cases including running the node validators and providing incentives to maintain the network security. This will also be used for liquidity poles and the distribution has been done through a fair launch so the excessive distribution has not been done yet. I believe a proper distribution is key in any project because if more tokens are distributed then it is going to increase the circulating supply and based on that the market price is determined. if distribution is controlled and only a limited number of locals are released in the market which are part of the circulation supply then the token value can be strong and it will be good enough to manage the bigger transactions happening in the market. The token has got pretty good use case in the project and it will strengthen the overall economy through its reward pool.
The Maya Ecosystem
The Maya Protocol is not just a project which is built on the theme of decentralized finance instead it's a growing ecosystem that is combined with a lot of components including the cross-chain and liquidity nodes etc. I have gone through the website and tried to understand how it works and what are the offerings they have for the community. Below is just a snapshot of what they are offering at the moment but there is a lot that is going to be added here and in simple words, I can say that they have something for everyone. it means you can choose the option for your investment whatever you like and even you can be part of the project by running the node that can also be a good source of regenerating reward while keeping the chain running and of course that will also be considered as one of the investment in the project.
Conclusion
This is such a fantastic project in DeFi and after going through the details, I can say that they are going to boost the DeFi segment. We get everything in one place that includes the option to invest as well as going through the different opportunities including running the node and also being part of the strong token economy. There is a lot to explore and share about the project that I will be doing in parts through my articles in the same community. I found that it is difficult to explain everything in one article hence I will be covering up the different parts in separate articles. Overall the project is built on different USP that is known as multi-chain and it can be the game changer for this project as well as the entire ecosystem.
Website- https://www.mayaprotocol.com/
{Images are from Maya website for this post purpose}
Thank you so much
Stay Safe