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.
AZTEC tokens on the AZTECChain are acquired through the following methods:
