This token works on the Metis Dao blockchain, which is a layer 2 solution of Ethereum. The coin has become popular since it has made it cheaper to transact on the blockchain. This project also addresses the issues with Ethereum’s transaction speed and scalability. It facilitates the creation of scalable and multipurpose frameworks for applications that are transitioning to Web3.
A Bit About Metis Dao
Metis Dao was founded by Elena Sinelnikova and Natalia Ameline, two women who were interested in finding a solution to the high transfer costs and slow transactions on Ethereum. The main purpose of this altcoin is to make blockchain technology more accessible to the general public.
Metis Dao is an Ethereum lay 2 with low gas fees, rapid transactions and fool prof implementation.CryptoLists.com
Metis Dao has a total supply of 10 billion tokens, and the current circulating supply is about 4 million tokens. With this token, you will be able to make withdrawals to the Ethereum main net within hours. For comparison, Optimism, another popular Ethereum layer 2 solution, takes days to complete withdrawals to the Ethereum main net.
Utility of Metis Dao?
As a holder of Metis Dao coins, you will be able to stake the tokens and earn passive income. The coin is also used to cover transfer fees and can be used to make payments for goods and services offered by decentralized autonomous companies on the blockchain. With this coin, spammers will have a harder time messing up the network, and developers and users are able to have mutual trust.
Metis Dao Price detailsERC20 Contract address: 0x9E32b13ce7f2E80A01932B42553652E053D6ed8e
›› Details & Tokenomics
Advantages of Metis Dao+ You will only need to pay a few cents for Metis transactions.
+ Metis Dao offers speedy transactions.
+ Withdrawing TRX to the Ethereum main net will only take a few hours.
+ Metis Dao have proven to be secure so far.
+ You can earn passive income by staking METIS.
Disadvantages- It has a low market cap.
- There are not many crypto exchanges that offer this cryptocurrency.
- This altcoin is highly volatile.
- It has to compete with other popular layer 2 solutions.
- Metis has only been around for a few years.
Costs▪ Rated at 9/10
One of the key functions of Metis Dao is to lower the transfer fees for blockchain transactions. You will only need to pay a few cents on the dollar when making Metis Dao transactions. In comparison, transfers made on the Ethereum main net can cost more than $20 depending on network traffic.
Reputation and Buzz▪ Reputation rated at 9/10
▪ Buzz rated at 10/10
Metis Dao is a fairly popular project and has partnered with crypto thought leaders like Tristan Metaverse and PAID Network. The coin has steadily grown in value since it was created. You can follow discussions on this project on Twitter, where it has more than 133,000 followers. It also has an active community on Reddit.
Where can I buy this cryptocurrency?
You can purchase this token on several crypto exchanges, including Bitget, MEXC, ZB.COM, and OKX. It is also available on various decentralized exchanges. Some of these are Uniswap and Pancakeswap. You should check whether these crypto exchanges accept users from your country.
Which wallets can I use to store TRX coins?
You can store this altcoin in various hardware and software wallets. At the moment, the best wallet for this altcoin is Guarda. When choosing a crypto wallet, you should check the ease of use, the available features, and the cost of opening an account.
Which are the main competitors of Metis Dao?
The main competitors of this project are Arbitrum and Optimistic. These are both layer 2 solutions that deploy Optimistic Rollups, and they offer lower transaction fees and higher transfer speeds. It is worth noting that Metis is more scalable than both of these layer 2 solutions.
Will Metis Dao survive after the Ethereum Merge?
According to Vitalik Buterin and many other leaders in crypto, layer 2 solutions will still play an important role after the Ethereum Merge. Although the Merge will address issues with gas fees and transaction speeds, layer 2 solutions will still offer added benefits. They will also become more efficient once the Merge is complete.
Is this cryptocurrency a good investment?
Investing in cryptocurrencies is risky as any coin can significantly drop in value. However, Metis Dao has been noted to be a great investment as it offers many benefits to the crypto community. This can change at any time so always do your due diligence before investing in any asset.
Screenshots from Metis Dao
More sites where to buy/sell/trade Metis DaoBelow you can see some other platforms, exchanges and/or brokers where you can buy, sell or trade this token. Click on the logo to read our review.
Metis Dao details and tokenomics
BEP20 Contract address: 0xe552fb52a4f19e44ef5a967632dbc320b0820639