What is MAP Protocol?
MAP is the utility token of the Map Protocol, which is described as an Omnichain layer for Web 3.0. An Omnichain layer is a network that can support many blockchains, allowing users to transact and exchange tokens, NFTs, and other digital assets across different networks. The protocol provides instant confirmation of Omnichain transactions, hassle-free communication between different chains, and an SDK suite for Omnichain dApp creation.
You can check the current MAP price featured on the MAP Protocol price chart above.
The main aim of the Map Protocol crypto project is to become a secure end-to-end solution for users to move their assets across different blockchains without the need for the involvement of third parties.
The protocol is comprised of three layers:
- The application layer. It stores decentralized applications that make use of the protocol;
- The blockchain layer. It serves as a dedicated blockchain foundation and infrastructure;
- The asset layer. It stores all assets mapped on the protocol.
Use Cases of MAP Tokens
MAP Protocol crypto assets have a variety of use cases.
Firstly, the MAP token acts as a reward token for participation in the protocol. As a community member, you can be a validator, a maintainer, a liquidity provider, a messenger, or simply an end user.
In order to become a validator (who validates and creates new blocks), users have to stake MAP tokens, which leads to a second use case of MAP – staking. Besides, if users don't want to become validators themselves, they can delegate their tokens to other validators and earn a portion of their block rewards.
Lastly, staking MAP coins also provides holders with governance rights. How does it work? By staking MAP tokens, users receive XMAP as a reward voucher. XMAP can then be used to generate GMAP tokens, which provide holders with the right to vote on various decisions concerning the future development of the project.
Don't forget to check the MAP Protocol price chart to see the live MAP price.
MAP Tokenomics
The initial total supply of MAP Protocol coins is 10 billion. However, there's no max supply set. 32% of the supply was dedicated to institutions and partners, 20% to the core team, and 15% to the MAP Foundation. The remaining portion was set aside for community incentives, the technical community, and the application ecosystem.
These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.
Followers
10
10.00%
Following
9
0.00%
Posts count
0
These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.
Subscribers
-
Subreddit type
-
Moderators
-
Currently, official MAP Protocol (MAP) Reddit Stats account doesn't exist or wasn't submitted. 🔆 Submit Now
These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.
Members
17.44K
Members: 17,443
0.31%
Title
MAP Protocol Official
These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.
Website Rating (DR)
21 / 100
12.00%
Ahrefs Rank
7,572,806
14.67%
Organic Traffic (mo.)
0
These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.
Public repos
77
Type
Organization
These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.
Stars
-
Watchers
-
Forks
-
Language
-
Currently, official MAP Protocol (MAP) GitHub Public Repository doesn't exist or wasn't submitted. 🔆 Submit Now
MAP Protocol hot topics
Currently, official MAP Protocol Reddit account doesn't exist or wasn't submitted. 🔆 Submit Now
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