Maps.me (MAPS)

Maps.me

Type	Geographical maps type app
Total supply	10,000,000,000
Website	https://maps.me/

Basics

• Started in / Announced on: Talking about it having a token started at the end of 2020.
• Mainnet release:
• Based in:
• From Decrypt (18-1-2021):

"According to a press release shared with Decrypt, Maps.Me 2.0 comes with a multi-currency wallet that will combine direct hotel bookings and location services with decentralized finance (DeFi) tools."

Audits & Exploits

• Bug bounty program can be found [insert here].

Token

Launch

• From the website (25-1-2021):

1. "Up to 1% of the total supply or 100 million tokens will be sold pursuant to an Initial Exchange Offering(s) (IEO).
2. All 100 million tokens will be unlocked."

Token Distribution

• Has 95% of its tokens locked in bankrupt FTX (10-12-2022).
• From the website (25-1-2021):

1. "All 10 billion MAPS were generated at Genesis on 12 October 2020.
2. 10% of those are unlocked; the other 90% will unlock linearly starting one year after Genesis and ending in 7 years, which works out to 125 million tokens per month starting on 1st October 2021.
3. For the first 12 months, there will not be more than 1 billion unlocked MAPS; in year 2, 1.5 billion tokens will be added to the circulating supply."

Utility

• A governance and utility token (18-1-2021) other things mentioned on the website are:

"For Users:

1. Increased app benefits (e.g. higher yield, higher tier credit card)
2. Better deals at venues that provide incentives
3. Lower fees"

For Businesses

• Highlight locations on the map to users
• Better position in user searches (“premium listing”)"

Technology

• Whitepaper can be found [insert here].
• Code can be viewed [insert here].
• Built on: Solana (25-1-2021)

Roadmap

• Can be found [Insert link here].

Pros and Cons

Cons

• Had investment from bankrupt Alameda Research/FTX. This could mean fall-out risk. Has 95% of its tokens locked in FTX (10-12-2022).

Team, Funding, Partners

Team

• Full team can be found [here].

Funding

• From Decrypt (18-1-2021):

"Has raised $50 million in a funding round led by Alameda Research. Genesis Capital and CMS Holdings also participated in the round."

Partners

• Alameda said Oxygen will be integrated into Maps.me (24-2-2012) which got investment by the same Alameda clique.

(:

Knowledge empowers us all and will help us get closer to the decentralised world we all want to live in!

Making these free wiki pages is fun but takes a lot of effort and time.

If you have enjoyed reading, tips are appreciated :) This will help us to keep expanding this archive of information.

ETH tip address: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31