Metis (METIS) is a Layer 2 solution on Ethereum, utilizing Optimistic Rollup technology to increase transaction speed and reduce costs. The project focuses on supporting decentralized applications (dApps) and facilitating business growth within the Web 3.0 ecosystem.
In this article, AZCoin will explore Metis in detail, how it works and the potential that this project offers!
What is Metis (METIS)?
Metis is a Layer 2 platform on Ethereum that uses Optimistic Rollup technology, optimizing costs and providing a user-friendly experience. This platform supports the transition from Web 2.0 to Web 3.0 with many standout features. Metis offers a cost-effective scaling solution that supports activities like yield farming, trading on DEXs and developing the Gig economy. DApps on Metis enable fast and cost-effective microtransactions.
Development team, investors & partners
Development team
The Metis project team consists of experts from various fields such as business, finance, engineering, and product development. Some notable team members include:
- Elena Sinelnikova – CEO: With over 12 years of experience in technology and business, Elena has worked at major companies such as IBM, Honeywell, and Deloitte.
- Natalia Ameline – Genesi DAC Manager: She is widely known as the mother of Vitalik Buterin. Natalia has extensive experience in blockchain and has successfully invested in many projects. Previously, she worked at Goldman Sachs with over 10 years of experience in finance and investment.
Investors
Metis has raised over $5 million from investors including Block Dream Fund, DFG, Master Ventures, Parsiq, Autonomy Capital, Genblock Capital, CryptoMeria, AU21 and others in its latest funding round.
Partners
Metis Andromeda has established partnerships with key players in the DEX space such as Netswap, DeFi (Debank), NFT (Metacraft), DAO (Aragon), DIA oracle and bridge platforms like Multichain, Relay Chain, Celer, PolyNetwork, and many others.
How does Metis work?
The Metis project is based on the Decentralized Autonomous Company (DAC) model, combined with Ethereum’s Layer 2 infrastructure, utilizing Optimistic Rollup technology. This allows developers and communities to easily build applications without facing high costs or network congestion.
The platform provides development and collaboration management tools that optimize efficiency within the decentralized finance ecosystem. Metis offers various features such as yield farming, DEX trading, and Gig economy support with low costs and fast processing speeds.
Key features of Metis
Metis addresses the biggest challenges Ethereum faces, including decentralization, simplicity, speed, storage, scalability, security, and cost-effectiveness. Additionally, Metis has the following standout characteristics:
- DAC Model: Metis is based on the Decentralized Autonomous Company (DAC) model, making application development and community building more efficient, cost-effective, and congestion-free.
- Layer 2 Integration: By utilizing Optimistic Rollup technology within Ethereum’s Layer 2 infrastructure, Metis improves speed and reduces costs in application development and usage, similar to the Optimism or Arbitrum networks.
- Development Tools: Metis provides tools for development, collaboration management, and optimizing the decentralized finance ecosystem’s effectiveness.
- Yield Farming, DEX Trading, and Gig Economy: Metis supports activities like yield farming, DEX trading, and Gig economy development, facilitating the transition from Web 2.0 to Web 3.0.
- Low Costs and High Speed: All functions on Metis are performed with optimized costs and fast speeds, benefiting both users and developers.
Key information about METIS token
METIS is the native token of the Metis platform, used for various activities within the ecosystem.
Specifications
- Token Name: Metis Token
- Ticker: METIS
- Blockchain: Metis Andromeda
- Contract: 0xdeaddeaddeaddeaddeaddeaddeaddeaddead0000
- Token Type: Utility
- Total Supply: 5,410,000 METIS
- Circulating Supply: 4,354,321 METIS
METIS token allocation
METIS tokens are allocated for various purposes to ensure the development and operation of the ecosystem:
- 7.00%: Founding Team
- 4.00%: MetisLab Foundation
- 1.50%: Advisors
- 1.00%: Angel Investors
- 3.00%: Community Star
- 0.10%: Gate.io IEO
- 9.00%: Community Development
- 6.00%: Liquidity Reserve
- 6.00%: Airdrop
- 0.20%: Paid Network IDO
What is METIS token used for?
The METIS token plays a key role in the Metis ecosystem with the following main functions:
- Transaction Fees: METIS is used to pay transaction fees on the Layer 2 network.
- Governance: METIS holders can vote on important decisions within the ecosystem.
- Staking: METIS can be staked to earn rewards.
Where to buy and trade METIS tokens?
Currently, METIS tokens are traded on the best crypto exchanges like Binance, KuCoin, Gate.io and Uniswap. Users can easily buy and sell METIS through popular trading pairs like METIS/USDT or METIS/ETH.
Where to store METIS tokens?
As METIS is an ERC-20 token, users can store it in Ethereum-compatible wallets like Metamask, Trust Wallet, or cold wallets such as Ledger and Trezor.
Should you invest in Metis (METIS)?
Investing in METIS depends on individual risk tolerance and strategy. Metis is a promising Layer 2 solution, especially with the strong growth of dApps and the demand for Ethereum scalability. However, investors should consider risks such as price volatility and competition within the Layer 2 space.
Conclusion
Metis (METIS) is creating new opportunities for the development of the Web 3.0 ecosystem with advanced technology and strong scalability. For accurate and detailed updates on leading cryptocurrency projects like Metis, follow AZCoin’s latest articles!
I am Louis Dang, living in Ottawa, Canada. I am currently working as a trader for AZCoin company, with 7 years of experience in the cryptocurrency market, I hope to bring you useful information and knowledge about virtual currency investment.
