Maya Preferred 223 (MAPR), a cryptocurrency stablecoin backed by gold and silver assets from eight Mexican mines owned by U.K. Financial Ltd, has successfully accomplished its’ first AMA (Ask Me Anything) session, giving particular information about the backing process, company structure, and further development plans.

During the AMA, which took place this Tuesday, April 30th, James Dahlke, CEO and co-founder of Maya Preferred, personally answered 48 questions which were dedicated to various aspects of coin development. The session was held on the ask.fm platform and lasted for one hour.

This event has shed some light on the various essential topics that MAPR’s stablecoin holders have been interested in. Thus, the team has clarified the backing process, saying that “Each token is backed with $23,000 worth of gold and silver at this point. This means that every token that has been created has enough gold and silver to back someone’s investment”, and provided the community with proof of ownership. Another essential concern that was addressed was that the team is currently negotiating with different exchanges and considering new partnerships and exchange listings.

James Dahkle, CEO of Maya Preferred 223, has also explained more of the role of U.K. Financial LTD, the company behind MAPR, stating that the “management experience is in the financial area, particularly with mergers and acquisitions, as well as ventures into the retail space and knowledge of the burgeoning cryptocurrency world, all combined to make the company an up-and-coming player in the world of digital currency.”

During the session Mr. Dahlke also explained that the project was named after his godchild, Maya.

The team also stated that those holders who were not able to participate in this AMA, are welcome to contact via social media for any questions that were unanswered.

About Maya Preferred 223

Maya Preferred 223 (MAPR) is a stablecoin based on the Ethereum Classic blockchain. 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.

MAPR is currently available for trading on FatBTC exchange. When U.K. Financial Ltd, the company developing Maya Preferred, recently added another new backing asset, the stablecoin’s individual price overtook that of a single Bitcoin. At the moment of writing one MAPR is trading at almost 1.5 BTC, equal to about $8,000.