Maya
Crypto Overview
Overview
Maya is a proof-of-stake cryptocurrency that launched on December 19, 2023, as part of a new layer-1 blockchain ecosystem. Maya aims to provide a decentralized financial infrastructure with a focus on scalability and interoperability.
Purpose and Utility
The primary stated purpose of MAYA is to serve as the native token for the Maya blockchain, used for transaction fees, staking, and governance. The token enables users to participate in network validation through staking and voting on protocol upgrades.
Business Model Analysis
The Maya blockchain operates on a standard proof-of-stake consensus mechanism, where token holders can stake their MAYA to help secure the network and earn rewards. This model is inherently halal as it involves real utility exchange and value creation through network security.
Current Usage and Adoption
As a very new project, Maya is still in its early stages of adoption. The network is operational with active staking and basic transfer functionalities. Development activity appears consistent based on GitHub repositories, though the ecosystem is still emerging.
Token Distribution
The initial token distribution includes allocations for staking rewards, ecosystem development, and team members. Team tokens are subject to a vesting schedule, which shows some consideration for long-term alignment.
Crypto Impact
To assign a comfort level investing in Maya from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Maya.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.