Maya Protocol One-Stop-Shop
  • Introduction
    • 🍫What is Maya Protocol?
      • Getting Started
      • Roles
        • Liquidity Providers
        • Swappers
        • Arbitrageurs
        • Node Operators
      • Maya Protocol Native Assets
    • 🌐Maya Ecosystem
      • User interfaces & Wallets
      • Tools
    • 🍫How to buy CACAO?
    • 🛣️Roadmap 2025
  • Deep Dive
    • 🚶‍♂️Step-by-Step Guides
      • Set up a MAYAChain wallet
        • Using El Dorito Club
        • Using THORWallet web APP
        • Using THORWallet Mobile APP
        • Through MAYANode cli
        • By importing Ledger hard wallet into Ctrl Wallet
      • Custom Memos
        • Swap
        • Add Liquidity
        • Withdraw Liquidity
    • 🛠️How It Works
      • Technology
      • Incentive Curve
      • Fees
      • Governance
      • Constants and Mimir
      • Security
      • Dynamic Inflation
      • Liquidity Nodes
      • Impermanent Loss Protection (ILP)
      • ELI5
        • What is Threshold Signature Scheme (TSS)?
    • 💵DeFi Products
      • Synthetics
      • Liquidity
    • 🔐Audits
    • 🎭Maya Masks
    • ❓FAQs
  • Blockchain Explorer
    • 🔎MayaScan
      • 🪙MRC-20 Tokens
      • 🖼️M-NFTS
  • Airdrop
    • 🪂$MAYA Airdrops Guide
  • Media
    • 📽️Aaluxx Interviews
    • 🐦Twitter Spaces
    • 🔗Links
  • Contribute
    • 😎Ambassador Program
    • 🎨Content Creators Guide
  • Node Docs
    • 🖥️MAYANodes
      • MAYANode Overview
      • Cluster Launcher
        • Setup - Linode
        • Setup - Azure
        • Setup - Hetzner Bare Metal
        • Setup - Google Cloud
        • Setup - HCloud
        • Setup - Digital Ocean
        • Setup - AWS
      • Deploying
      • Joining
      • Managing
      • Pooled MAYANodes
      • Alerting
      • Leaving
      • 🛑Emergency Procedures
      • ✔️ CHECKLIST
      • Multi-node Deployment
      • Fullnode Installation Guide
    • Bonding & Unbonding Guide
    • Bare Metal Node Guides
  • MAYACHAIN DEV DOCS
    • Introduction
      • MAYAName Guide
      • Swapping Guide
        • Quickstart Guide
        • Fees and Wait Times
        • Streaming Swaps
      • Add MAYAChain to your Wallet
    • Examples
      • Tutorials
      • Typescript (XChainJS) WIP
        • Query Package
        • AMM Package
        • Client Packages
        • Packages Breakdown
        • Coding Guide
      • SwapKit SDK
    • Concepts
      • Connecting to MAYAChain
      • Querying MAYAChain
      • Transaction Memos
      • Asset Notation
      • Memo Length Reduction
      • Network Halts
      • Fees
      • Delays
      • Sending Transactions
      • Math
    • Aggregators
      • Memos
      • EVM Implementation
    • CLI
      • Multisig
      • Offline Ledger Support
    • Protocol Development
      • Adding New Chains
      • Chain Clients
        • UTXO
        • EVM Chains
        • Cosmos Chains
      • ERC-20 Tokens
      • THORChain Version Updates I
      • THORChain Version Updates II
  • White Paper
    • 📖Maya Whitepaper 2.0
      • Introduction
      • 🍫Fair Launch
        • Philosophical perspective FL
        • Economic overview FL
        • Technical overview FL
      • 🪙$MAYA token
        • Philosophical perspective MT
        • Economic overview MT
        • Technical overview MT
      • 🌊Liquidity Nodes
        • Philosophical perspective LN
        • Economic overview LN
        • Technical overview LN
      • 🔒Security Nodes
        • Philosophical perspective SN
        • Economic overview SN
        • Technical overview SN
      • 🔴Aztec Chain & $AZTEC token
        • Philosophical perspective AC
        • Economic overview AC
        • Technical overview AC
      • ⚖️Stable Pools & Route Optimization
        • Philosophical perspective RO
        • Economic overview RO
        • Technical overview RO
      • 👣Roadmap. Maya 3.0
        • Philosophical perspective 3.0
        • Economic overview 3.0
        • Technical overview 3.0
  • Website
  • GitLab
  • Archive
    • Liquidity Auction
    • THORChads Airdrop
    • Add ETH, USDC, or USDT through THORWallet using Metamask + Ledger
    • $MAYA Airdrop for Maya Mask Holders
    • Maya Integration Guide
    • Roadmap 2023
Powered by GitBook

Social Media

  • Twitter
  • Telegram
  • Discord
On this page
  • $CACAO
  • $MAYA
  • P/E Ratios

Was this helpful?

Export as PDF
  1. White Paper
  2. Maya Whitepaper 2.0
  3. $MAYA token

Economic overview MT

PreviousPhilosophical perspective MTNextTechnical overview MT

Last updated 1 year ago

Was this helpful?

We will highlight the differences between $CACAO and $MAYA.

$CACAO

$CACAO tokens power the Maya Protocol ecosystem and provide economic incentives to secure the network because they are required to run Maya nodes. Also, all of our liquidity pools consist of a native token paired against $CACAO, for example, $BTC / $CACAO or $ETH / $CACAO.

Because $CACAO is needed to become a liquidity provider, but their supply is limited to 100M, the more people that would want to participate in our ecosystem, the higher the value of $CACAO tokens has to be. Their economic value would also grow if $CACAO tokens could be used natively and productively in other chains or projects - which we intend to do.

$MAYA

$MAYA tokens perpetually capture 10% of all the fees generated by the users swapping inside our protocol. They are essentially a tokenization of our present and future cash flows, which means, firstly, that the more active our exchange is, the better price they should have, and, secondly, that $MAYA’s token holders are heavily incentivized to see our protocol grow with time. Lastly, and most importantly, $MAYA holders only earn value if Maya’s ecosystem earns 9x as much (and real value, since Maya does not have inflation or other artificial methods to boost APY).

These tokens will be initially held by participants of all levels inside of Maya: our private investors, our development team, our advisors, and our founders. There is also a surprise for early Node Operators, Thorstarter supporters, and $RUNE owners.

P/E Ratios

Because of its economical design, $MAYA tokens can be treated as some sort of stock or economic participation in our project and are easy to value using traditional P/E and EPS ratios since $MAYA price, our current daily Fee Revenue, and $MAYA’s fixed supply are public in real-time.

P/E = $MAYA last public price / 10% * Annualized Protocol Fee Revenue

EPS = 10% * Annualized Protocol Fee Revenue / 1,000,000

This also means there usually should not be many irrational fluctuations in its price and that $MAYA tokens will also reflect the market’s perceived value of our future cash flows. It is important to mention that $MAYA has no governance rights over Maya Protocol or any other privilege or use aside from collecting 10% of fee revenue.

It is important to note that $MAYA will not be available in Pools on Maya Chain. This means there will be no recursive nature to $MAYA being priced into $CACAO, creating artificially high values for $MAYA back. Additionally, this completely removes $ MAYA's influence on the price of $CACAO. Finally, it makes it less liquid and harder to trade, making its owners more likely to simply hold them to collect fees passively.

📖
🪙