Maya Preferred 223 [MAPR], a stable coin backed by gold and silver reserves, has been listed on the popular crypto exchange, Catex. Three trading pairs are available at this moment: MAPR/BTC, MAPR/ETH, and MAPR/TRX.
Catex is the second exchange to support Maya Preferred 223, the crypto discovery of 2019 after FatBTC listed Maya Preferred on the 21st of March. Since that, the stable coin has grown about 500%, its price changing from 0.3 BTC [$1,500 at that time] to 1.5 BTC [$9,700 at the moment of writing] per each MAPR.
Jose Maria Torres Duran, the mining advisor at Maya Preferred 223, explains the rapid growth of the coin’s price,
“A simple and very transparent mechanism of backing is the reason why the price is growing with that speed. There is one million MAPR available on the market. Gold and silver from 8 mining deposits, located in Mexico, support this amount of coins with their value. Each MAPR now is backed with approximately $23,000 worth of precious metals. And each time we form a partnership with a new asset, the price of gold and silver behind each coin rises. It naturally makes a great impact on the price of the currency”.
After a recently conducted AMA [Ask Me Anything], the Maya Preferred team continues to work on the transparency of the brand and development towards new exchange listings and partnerships. The long-anticipated listing on Catex makes the team excited for the plan of going live on Coinmarketcap. Richard Crespo, the vice-president of Maya Preferred 223 said,
“By all means, getting to CMC is one of our main goals at this stage of Maya’s development. We are in the middle of negotiations with them, and I’m sure MAPR will appear there in the top 10. But at the same time, we are working on new partnerships with new precious metal assets in Mexico and other places to increase the capitalization of MAPR. The trading price of our coin, in our opinion, is far from final, and with new partnerships, we are looking to take the lead position in the whole market. More assets, more exchanges, more trading is to come.”
Based in China, Catex is a transaction mining exchange platform providing users with popular trading pairs and the opportunity to mine the platform’s native token [CATT] at the same time. What users spend in transaction fees they are capable of regaining and exceeding via native token mining.
About Maya Preferred 223
Maya Preferred 223 [MAPR] is a stablecoin based on the Ethereum Classic blockchain. MAPR is currently available for trading on the FatBTC and Catex exchanges. Each coin is backed with approximately $23,000 in gold and silver from 8 assets located in Mexico: Santiago Apóstol, Jual del Oro, Grano del Oro, La Fortuna, La Guadalupe, La Guadalupe II, El Milagro, and El Milagro II.