Editing by Nathaniel Cajuday
Bangko Sentral ng Pilipinas (BSP) licensed Virtual Asset Service Provider (VASP) Maya announced the addition of four cryptocurrencies to their app in September 2022, namely: The Sandbox (SAND), Decentraland (MANA), Axie Infinity (AXS), and Cosmos (ATOM).
The Sandbox (SAND)
SAND is one of the native tokens of The Sandbox, a metaverse gaming platform running on the Ethereum network. Its users can create digital assets in Voxel art form and use them as design for LAND plots within The Sandbox ecosystem.
SAND can be used to purchase non-fungible tokens (NFTs) within The Sandbox ecosystem, like avatars and LAND plots. This token is also used as a reward in sponsored contests like PinaSining.
As of writing, the market cap of SAND is ₱74,794,375,865 with a 24-hour trading volume of 10,897,583,959. Total supply of 3,000,000,000 SAND in circulation.
Maya users can buy SAND for ₱49.91.
MANA is the native token of Decentraland, another 3D virtual world that also uses the Ethereum blockchain as its base network.
As of writing, the market cap of MANA is ₱75,080,212,932 with a 24-hour trading volume of 6,850,364,632. It has a total supply of 2,193,539,027 MANA in circulation.
Maya users can buy MANA for ₱41.39.
Axie Infinity (AXS)
Axie Infinity, a Pokemon-inspired battling game, has its own governance token, AXS.
Its community can then use AXS for voting purposes once the Axie Infinity ecosystem becomes decentralized.
Currently, AXS is awarded to the top gamers on the leaderboard for Axie Infinity Origins.
As of writing, AXS has a market cap of ₱66,658,906,099 and a 24-hour trading volume of ₱4,167,464,559. The total supply is 270,000,000 AXS in circulation.
Maya users can buy AXS for ₱741.35.
ATOM is the primary token of the Cosmos Hub, the first of thousands of interconnected blockchains.
With ATOM, holders have the power to contribute to the security and governance of the Cosmos Hub and can also vote to influence the future of the Cosmos Hub through on-chain governance proposals.
It can be delegated to one or more of the 125 validators on the Cosmos Hub blockchain to earn more ATOM through Proof-of-Stake (PoS). ATOM holders
Currently, the market cap of ATOM is ₱224,896,220,971 with a 24-hour trading volume of ₱20,501,528,376. There is an infinite supply of ATOM in circulation.
Maya users can buy ATOM for ₱769.39.
The addition of these tokens brings the total number of crypto available in the mobile app to 19.
Other cryptos available in Maya are BTC, ETH, USDT, SOL, ADA, DOT, MATIC, LINK, UNI, QNT, DOGE, APE, XLM, AVAX, and ALDO.
Earlier this month, Maya Bank Inc. announced that it had reached five billion pesos in deposit balances as of the end of the month of July, which was only three months after its official launch.
The bank hit 650,000 customers after securing the approval of the BSP to operate as a digital bank a year ago.
This article is published on BitPinas: What are the New Cryptocurrencies in Maya this September 2022?
Disclaimer: BitPinas articles and its external content are not financial advice. The team serves to deliver independent, unbiased news to provide information for Philippine-crypto and beyond.