Map Protocol - $MAP
- Simple understanding of $MAP working on Bitcoin Layer2, using ZK technology and infrastructure to develop Omnichain smart contracts, focusing on Cross-chain interaction
- Regarding technology, from an overview perspective, it is related to $NEAR, $MATIC, $AAVE and $ETH is for sure by altcoin. There are also expansion solutions for Gamefi including EVM and non-EVM.
- Further develop BRC201 based on BRC20 standards. Combined, it can be understood that the waves coming from $BTC, $ETH, Layer2, BRC20, smart contract waves, gamefi waves, $MAP all benefit a lot. Of course, ZK wave is indispensable when launching tokens to the market because $MAP uses ZK technology to build the infrastructure for the Bitcoin L2 network.
- About the team: James Cheng (James XYC), co-founder of MAP Protocol and winner in Hong Kong, won the 2022 Forbes China Web3.0 Innovation Pioneer Award (Web3 Innovation Pioneer .0 of Forbes China). MAP Protocol co-founded by James chains, achieving cross-chain security to the greatest extent and fully empowering dAPP Full chain release.
- Backers: there are only 3 funds: DWF (leader), Waterdrip and LK (later). As for DWF, it is holding about 120K tokens, which is about 1.2% based on total sup. If we look at the percentage, I see quite a lot, taking the recent $TOKEN as an example, DWF only holds 0.8% but has pushed x10 from the bottom. An easy way then 1.2% is 50% more than Tokenfi's token amount.
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