Metis Token update: METIS Live price, price chart, news and markets

The METIS price update as of now is $7.06. In the previous 24 hours, its trading volume was $4,322,432, and its value has decreased by -4.72%. As of now, METIS's live market cap is $70,535,205, and it is ranked as the #369 on the Coincu. METIS has a circulating supply of 10,000,000 and a maximum supply of 10,000,000.

What is Metis Token?

Metis Token is a cryptocurrency that lies at the core of the MetisDAO project. It is a Layer 2 Rollup scaling solution on Ethereum that offers ease of use, scalability, low cost, security, and various functions to support the migration of dapps from Web 2.0 to Web 3.0 technology revolution.

Metis Token serves as a utility token within the MetisDAO ecosystem, enabling various functionalities such as Yield Farming, DEX trading, and empowering the GIG Economy. It provides low-cost retail payment services for short-term contract-based economies like freelancers, seasonal jobs, and more.

MetisDAO integrates the Decentralized Autonomous Company (DAC) model within its layer 2 infrastructure.

Metis Token Products and Models

• System Framework: Metis Token is built on Layer 1 to simplify blockchain usage.
• Metis Virtual Machine: It is a hardfork of the Optimistic Virtual Machine and is used for managing partnerships.
• Comco Framework: It includes complex collaborative models and programs for the governance of decentralized enterprises. It offers an on-chain toolkit, proof of dispute resolution, and proof of division profit sharing.
• Optimistic Governance: Metis Token follows a "no governance" model to resolve disagreements.
• The Social Contract - Reputation Power (RP): Metis Token establishes social contracts based on the reputation and credibility of businesses. These contracts are built through staking and tracking partnerships.

The core elements of Metis Token include Simplicity, Speed, Storage, Extensibility, Security, and Economy.

Features of Metis Token Knife

Metis Token offers a wide range of use cases and aims to make the decentralized financial system accessible to everyone in the future.

Highlights of Metis Token

Advanced Technique

Metis Token supports multiple virtual machines for different operating systems to expand and upgrade decentralized applications. It integrates the mining incentive mechanism of Rangers to speed up transactions and minimize withdrawal time from layer 1 to layer 2.

Metis Token also supports all protocols on Ethereum and facilitates their migration to Metis Token. This enables the dApp community to issue its own tokens on the protocol.

Organizational Solutions

Metis Token believes that decentralized businesses can be built on the architecture of DAO. It provides a basic foundation for running dApps and offers a voting mechanism for community members.

Intuitive UI

Metis Token addresses the user interface and technical implementation challenges faced by most DeFi protocols. It has created a scalable platform that meets the needs of users, especially businesses. Developers can establish decentralized companies on the blockchain, launch their dApps, and manage business operations through the Decentralized Autonomous Company (DAC) structure.

Roadmap

Q1/2022: Verifiers will conduct real-time verification to shorten transaction completion time.

Q2/2022: Metis Token Sequencer Pool will be open to community participation. Verifiers will be automatically added to the Sequencer Pools. A challenge and voting mechanism will be implemented to select the next sequencer, ensuring effective rotation of Sequencer slots.

Q3/2022: The project will release cloud code implementations for primary and peer nodes, allowing anyone to run a secure and efficient Metis Token node. This is an essential development for the Metis Token ecosystem.

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