The Aztec token is the native token of the AZTECChain, which is a smart contract chain that is part of the Maya Protocol ecosystem. AZTECChain is a fork of the Cosmos Hub (Gaia) and is designed to provide flexibility for crypto economies by enabling features like algorithmic stablecoins, derivatives, and order book trading.
The AZTEC token serves as a revenue share token, where 10% of all transaction fees on the AZTECChain are distributed to AZTEC holders. This aligns the interests of the AZTECChain development team with the success of the protocol, as they will only benefit if the chain is profitable.
AZTECChain is being developed to work in conjunction with the MAYAChain, which is the automated market maker (AMM) component of the Maya Protocol ecosystem. MAYAChain utilizes cross-chain liquidity without relying on wrapped assets or bridges, providing a secure alternative to conventional cross-chain swaps.
The AZTEC token is the native token of the AZTECChain, which is designed to provide smart contract capabilities and flexibility to the broader Maya Protocol ecosystem.
Acquiring AZTEC Token
AZTEC tokens on the AZTECChain are acquired through the following methods:
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Participation in the AZTEC token airdrop: The AZTEC token is still under development, but it is expected that Aztec network will launch an airdrop to reward early supporters and community members. To be eligible for the airdrop, users should follow Aztec on Discord and Twitter, and actively participate in the communities.
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Earning AZTEC tokens through transaction fees: According to the Maya Protocol whitepaper, 10% of all transaction fees on the AZTECChain will be distributed to AZTEC token holders as rewards.
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Purchasing AZTEC tokens: Once the AZTEC token is launched, users will be able to purchase it on decentralized exchanges that list the token. The token's price will be determined by market supply and demand.
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Participating in the AZTEC token sale or other distribution events: Aztec network may decide to hold a token sale or other distribution events to raise funds and allocate AZTEC tokens to participants.
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