Every Bitcoin now fully backed by gold and silver
Maya Preferred 223 (MAPR), a stablecoin, each worth about $34,000 in gold and silver assets, announced that their ambitious plan to back Bitcoin with gold and silver has been fully executed.
Part of Maya Preferred 223 business plan is to stabilize the cryptocurrency market by using its own coin to back other cryptocurrencies and tokens with gold and silver reserves. Maya Preferred 223 developers, U.K. Financial Ltd, will be transferring 21 million MAPR, an amount equal to the total number of Bitcoins to a separate escrow account. Since that, if the crypto market drops or Bitcoin loses its value, Maya Preferred is guaranteeing the backing of the flagship cryptocurrency, supporting it with silver and gold assets behind itself. U. K. Financial Ltd. Will be releasing proof of the transfer of the 21M MAPR tokens in the weeks to come.
Next cryptocurrency that will be backed with MAPR, is Digital Fantasy Sports (DFS) token, a utility gaming token, based on Ethereum. Maya Preferred is signing the contract over 51% control of the tokens and will start backing DFS with $2.50 per token. U. K. Financial Ltd. Is in the final stages a finalizing the deal with digital fantasy Sports.
James Dahlke, CEO and co-founder of Maya Preferred 223, has this to add: “We started our project when the price for gold was $28 for a gram and now it is around 40. When MAPR was first listed on 21th of March 2019 on FATBtc the price for it was $1500 and now it is over 17 thousands! Every 90 days we are adding new mines or replacing small assets with bigger ones. Everything shows that Maya Preferred 223 tokens price will only rise!”
Next big milestone of the project development is launching it’s own exchange. MAYA EXCHANGE uses MYEX Token as its primary exchange pair for all currencies. All available tokens tradable on MAYA EXCHANGE are directly supported by Maya Preferred 223 (MARP).
Maya Preferred 223 recently released its first commercial on the backing of Bitcoin on its official YouTube channel, please visit the link below to see this historical commercial:
Maya Preferred 223, developed by U.K. Financial Ltd., is currently traded on two crypto exchanges, FatBTC and Cat.ex, for 1.5 BTC per MAPR, which comes to $17,016.96 (at the time of writing.)