✨ WHAT IS THE MAYYAH ECOSYSTEM ?
The Mayyah Ecosystem is a hub of innovation, acting as the central point for a series of experimental utilities (dApps, Apps, Bots, NFTs, Games, etc), each utility being launched as a sub-project..
✨ WHY THE MAYYAH ECOSYSTEM ?
The Mayyah Ecosystem comes mainly as a response to two situations very recurrent in the crypto-space :
1. Devs being obliged to stick to one single (usually narrow) project while they could develop as many and bigger as possible, or launching new projects using names different from those under which they are known, in order to avoid FUD from their communities.
The Mayyah Ecosystem is conscious of the fact that things evolve very fast in the crypto-space, and that inspirations can not be limited as long as new trends don't stop emerging. Thus, the Mayyah Ecosystem wants to be a free zone for bringing new ideas to life.
Thus, many projects will be developed under the Mayyah Ecosystem by the same devs using the names under which they are known, and no project will be abandoned for another one. "Same dev" doesn't necessarily mean "same team", so the same dev may work with different teams on different projects.
2. Many projects launch and die due to various reasons. Some projects with good liquidities, good communities and good utilities have died, leaving behind them goodbye messages and closed chats. In such cases, many holders lose their money because they end up selling their tokens at loss or are left with tokens that are not even worth selling (tokens that worth less than the gas fee 😂).
The Mayyah Ecosystem aims to fix this by giving the holders of a failed sub-project of the ecosystem (if any) the opportunity to get tokens of the same value in another sub-project of the ecosystem that is performing well. To do this, the funds of a failed sub-project of the ecosystem (if any) will be recycled into another sub-project of the ecosystem that is performing well.
This is a win-win deal, since the holders of the failed sub-project of the ecosystem (if any) will not be losing their money and the other sub-project of the ecosystem will be getting more liquidity, more community members and maybe one more utility.
✨ WHAT HAS BEEN DONE SO FAR ?
A: One sub-project has been launched so far, with its own utilities. Some utilities are already live, others are still being worked on and will be live very soon.
The first launch of the ecosystem was the Mayyah Fan Token which is the central token of the ecosystem and acts as an additional option in the process of recycling the failed sub-projects of the ecosystem (if any). In this case, if the holders of a failed sub-project of the ecosystem (if any) don't want to convert their tokens into the tokens of another sub-project of the ecosystem, they can just convert them into the central tokens of the ecosystem.
✨ WHAT’S THE FUTURE LOOK LIKE ?
The future consists of launches of other sub-tokens each with their own utilities, then the launch of the central token to house more smart features to assist in absorption of failed sub-projects (if any).
Future tokens are to be launched with a basic tax to ensure that every transaction pushes volume into the Snail Ecosystem Token.
Staking to be set up to allow users to claim from a suite of tokens associated with utilities. By holding and staking the Snail Ecosystem Token, holders are assisting in overseeing the development of a series of utilities and gains the freedom of being rewarded in the tokens that represent the utilities they like the most.
The performance of the tokens and the claims through the staking app will be a core indicator of the success of the utilities.
✨ WHAT TO EXPECT IN THE FUTURE ?
A: The Mayyah Ecosystem will continue launching sub-projects, each with their own utilities. These projects will follow the trends of their moments or even create trends appropriate to their moments.
Also, some future sub-projects of the ecosystem will be launched with a portion of their transaction taxes being used to automatically buy the Mayyah Fan Token and distribute it as reward to their holders. This will ensure that every transaction in the ecosystem pushes volume into the Mayyah Fan Token.
Another future plan of the Mayyah Ecosystem is to give holders of the Mayyah Fan Token the opportunity to stake their tokens and claim rewards from a suite of tokens of the ecosystem.
✨ HOW TO EVALUATE THE SUCCESS OF THE SUB-PROJECTS OF THE MAYYAH ECOSYSTEM ?
A: The performance of the tokens and the claims of rewards through staking of the Mayyah Fan Token will be the two core indicators of the success of the sub-projects of the ecosystem.
The most successful sub-projects of the ecosystem will surely be the ones whose tokens are the most performing and the ones that stakers claim the most as rewards.
