With Ethereum's layer 1 facing a series of major challenges, MetisDAO has truly become a prominent layer 2 scaling option on Ethereum when it comes to developing a potential scaling method for next generation dApps. . So what exactly has MetisDAO been doing to develop its idea? Let's find out with Finnews24 with the article below.
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Finnews24: What is MetisDao?[/caption]What is MetisDAO?
MetisDAO (METIS) is a DAO (Decentralized Autonomous Organization) project developed on the Layer-2 (Metis Rollup) platform of Ethereum. In addition, MetisDAO also integrates Optimistic Rollup to provide high scalability, ease of use, low cost, and easy migration from Web2 to Web3 applications.
Besides, MetisDAO is a protocol that can support a wide range of use cases such as yield farming, DEX trading and powering the Gig economy. (hiring part-time employees) through capable dApps. offers cheap and fast micropayments.
MetisDAO integrates Decentralized Autonomous Company (DAC - Decentralized Autonomous Cooperative ) in Layer 2 infrastructure, making it easy for users to use pre-set tools to develop, and enjoy effects network of Ethereum - the world's largest decentralized financial ecosystem without worrying about costs. This is also a differentiating factor that makes it easy for any developer , builder or community leader to build their apps and communities.
Main features of MetisDAO
MetisDAO owns an extremely wide system of usecases. And in the near future, MetisDAO aims to develop the project so that everyone everywhere can access the decentralized financial system.
Main features of MetisDAO[/caption]Project highlights
Given the existing shortcomings of Ethereum, MetisDAO was set up to solve a series of problems, including: transaction fees, transaction speed, functionality, usability, storage, scalability, security. privacy, DAO shortcut button… Below is a table comparing the difference between Ethereum (Layer 1) with the combination of Ethereum and Metis (Layer 2).
Highlights of the MetisDao project[/caption]Accordingly, the project provides useful functions such as:
Advanced technique
MetisDAO will promote support for multiple virtual machines, corresponding to different operating systems, in order to expand and upgrade decentralized applications. On the other hand, this project also integrates with Rangers' mining incentive mechanism to help speed up the transaction. This will make the withdrawal time from layer 1 to layer to be minimized and almost instantaneous.
And yet, MetisDAO can also support all protocols on Ethereum and migrate it to MetisDAO easily. From there, the empowerment of the dApp community to issue its own token on top of the protocol will be implemented.
Organizational solutions
MetisDAO believes that decentralized businesses can deploy building on the idea of DAO's architecture. Thereby, this structure serves as a basic foundation for running dApps and providing voting mechanism for community members.
Intuitive UI
One of the biggest hurdles most DeFi protocols face is the user interface and technical implementation. These problems have made everything inaccessible and undercut its wide applicability. Based on this, MetisDAO has created a platform that can scale to meet the needs of users (especially businesses). Thereby, developers can form a decentralized company on the blockchain, launch their dApps, and manage business operations through the DAC (Decentralized Autonomous Company) structure . focus ).
What is the METIS token?
Details of the METIS . token
- Token Name: Metis Token
- Ticker: METIS
- Blockchain: Ethereum
- Token Standard: ERC-20
- Contract address: 0x9e32b13ce7f2e80a01932b42553652e053d6ed8e
- Token type: utility token (utility token)
- Total supply: 4,930,000 METIS
- Circulating Supply: 2,055,293.50 METIS.
METIS . Token Allocation
Updating…
METIS . Token Allocation Schedule
Updating
What is the METIS token used for?
- Staking reward for DAC activity
- Participate in DAO voting sessions.
How to earn and own METIS . tokens
Currently, METIS has been listed on popular exchanges such as: Uniswap (v3), Gate.io, BKEX, Uniswap (v2), PancakeSwap (v2), XT.COM, Tethys Finance, MEXC Global, MEXC Global, Hoo.com, Netswap, Sifchain… You can completely access these exchanges to buy and own METIS!
METIS . token storage wallet
Since METIS is designed according to the ERC-20 standard, it can be stored in most compatible wallets such as:
- Exchange wallet.
- Hard wallet.
- Decentralized wallets: Metamask, Trust Wallet, Coinbase Wallet, etc.
Route
| Time | Content implementation |
| Quarter 1 of 2022 | Conduct real-time verification Shorten transaction completion time |
| Quarter 2 of 2022 | Open public Metis Sequencer Pool Automatically add approvers to Sequencer Pool Implement voting and testing mechanism |
| 3rd quarter of 2022 | Release cloud code for nodes Run Metis node with high security and efficiency |
Team, investment fund and project partners
Project team
Updating…
Investment funds
In the latest fundraising round, MetisDAO has attracted a total of 5 million USD from investment funds such as Block Dream Fund, DFG, Master Ventures, Parsiq, Autonomy Capital, Genblock Capital, CryptoMeria, etc.
Partner
Is the MetisDao development partner reputable?[/caption]Epilogue
The goal of the current DAO is to focus on an efficient voting system or project governance. However, in MetisDAO, the definition of DAO is tied to a newer concept, because accordingly, the project team has made it useful for the day-to-day operations of the DAC. As can be seen, MetisDAO provides a lot of optimal features to help anyone have the opportunity to join and operate a DAC.
However, whether this project really creates a new step for the field of cryptocurrencies is still a question that we still have to wait for more in the future.
