As I just posted on the Scam thread
MAPR Preferred is not a stablecoin. It meets none of the criteria to be considered a stablecoin.
The supposed Gold and Silver backing is meaningless semantics, useless tokens backed by one useless phrase in a useless contract signed by a £1 shell company.
In amongst all the bullshit, all the numbers ending in loads of 000000's, this small paragraph is all there is that is relevant to "Silver and Gold backed"
That's it. The whole MAYA parallel universe revolves around it.
Are the tokens redeemable in any way for physical assets?
No.
Are these "proven reserves" collateral?
No.
Are these "proven reserves" backing?
No.
"Serve to support of the value of".... totally meaningless.
Anyone here foolish enough to have invested money in this scam would be rubbing their hands together about now, expecting huge returns because of the forward/backward/sideways "stock split" nonsense from a month ago.
However, because of the totally unrelated whistleblowing documented on the Scam Accusation thread, Mr. Dahlke has decided otherwise, according to the latest post on their Telegram Channel....