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

Philosophical perspective MT

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Last updated 2 years ago

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Having two tokens is directly related to our decision to launch using a Liquidity Auction and to how we want our community to be as equitable, as big, and as widespread as possible.

$MAYA’s design has been carefully planned to prevent incentives’ misalignments for the insiders holding them, and they allowed us to financially bootstrap our project in its earliest stages without having to recur to any pre-sales of $CACAO, which we really wanted to avoid.

Both tokens can be freely traded, and they offer their respective holders the right to earn a percentage of the fees generated inside our protocol, although with different approaches, as described below.

On Governance. To achieve a high level of decentralization Maya has minimal governance, similar to THORChain. This aspect is directly related to the security of the protocol so that the nodes are the ones who carry out the governance and ensure that all incentives are granted through code. In the specific case of $MAYA tokens, they don’t give any governance rights to their holders, or any other right whatsoever.

You can see more about this topic .

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