UK Financial LTD, the creator of the Maya Preferred project, has announced the submission of a listing request for its token Maya Preferred PRA to Coinbase. This move is part of their strategy to achieve full regulatory compliance and real asset integration.
Key Token Details
The token is named Maya Preferred PRA and will be transformed into a regulated security token ERC-3643 called SMPRA. Key characteristics of SMPRA include: - Symbol: SMPRA - Total Supply: 23,000,000 (reduced from 200,000,000 MPRA by 88.5%) - Public Float: Capped at 1,000,000 for the life of the project.
Compliance and Strategy
SMPRA is being developed under the ERC-3643 standard, which includes advanced compliance mechanisms such as KYC verification, whitelisting, and transfer restrictions. This approach ensures transparency and security, preparing for potential SEC registration.
Project History and Achievements
The Maya Preferred project was first launched in 2018 on the Ethereum Classic blockchain and has maintained continuous listings on leading exchanges. Over the past eight years, it became the first to introduce a dual-class set of tokens (COMMON and PREFERRED), allowing for differentiation in the project's business plan.
The submission for the listing of Maya Preferred PRA tokens on Coinbase shows UK Financial LTD’s intent to promote regulatory compliance and real asset integration within the market. Specifically, the transition to a regulated security token sets the stage for enhanced transparency and potential growth for the project.
