What is MetisDAO? Project overview
MetisDao is Ethereum Smart Layer 2 powering smart contracts and decentralized applications.
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The Metis crypto protocol aims to solve the blockchain trilemma and simultaneously achieve
security, scalability, and decentralization without prioritizing any sector. Openness and
simplicity are MetisDAO's primary goals. Anyone can use a universal user interface, framework,
and built-in development and launch tools to create their own blockchain project on this
platform.
History of Creation
There is little information about MetisDAO's development on the Internet. According to Crunchbase, the project's creators are Elena Sinelnikova, Yuan Su, and Kevin Liu. Elena Sinelnikova stated in an interview that Metis' goal is to create a revolution in the world of decentralized applications and to deploy a business on the blockchain.
The token has been available to trade since May 18, 2021. It was deployed on the Ethereum network at that time. The Andromeda mainnet launched 8 months later, on November 18, 2021.
Metis Layer 2 first block data
Funding
MetisDAO closed 2 rounds of funding. It has raised a total of $1M in funding over the 1st round on Feb 3, 2021. The project was backed by 5 investors: Waterdrip Capital, Cryptomeria Capital, AC Capital, Kernel Capital, Chain Capital. These companies closed the seed round.
An additional $3 million was raised from several private investors on May 13th, 5 days before the start of trading. This event was open to everyone, and the allocation of spots was done via a lottery. Another 50,000 coins were distributed to Gate exchange users.
During each of these activities, the METIS token cost $5.
Investor Data MetisDAO (Crunchbase)
Blockchain Structure
Layer 2 Metis aims to make blockchain accessible for anyone to easily run and grow any business. An open protocol that is compatible with the Ethereum virtual machine ensures fast transactions and low fees.
Any user can access any function on the official website. Developers can use templates to create applications and smart contracts, as well as manage domains and their own dApps. Users can explore the entirety of the blockchain, send tokens using a bridge, raise their own reputation level by participating in the network activity, and start their own business or DAO.
Recently, the Metisverse metaverse was also launched, where anyone can manage the ecosystem of their own community, receive marketing support, and a grant for project development.
Features of MetisDAO (metis.io)
Advantages over Ethereum
Layer 2 MetisDAO solves a number of Layer 1 Ethereum problems, such as high levels of censorship, centralization, high fees, and transaction speed.
Metis also made an effort to increase user usability and scalability. Additional emphasis is placed on the availability of data storage and the speed of launching a DAO.
The Advantages of MetisDAO over Ethereum (Metis.io)
METIS token and ecosystem
The Metis, BSC, and Ethereum networks all support the METIS token. On January 17, 2022, the token reached its peak price of $314. As a result, investors were able to multiply their investments by 50 times.
The project has a $75 million capitalization at the current price of $16 per token. METIS can be purchased on KuCoin, Gate, Coinbase, OKX, Crypto com, and others. The full list of exchanges can be found in the markets section of the Coingecko website.
The price dynamics of the METIS token (Coinmarketcap)
The MetisDAO ecosystem is constantly expanding since users themselves launch their applications here: cross-chain bridges, NFTs, DEFI projects, decentralized exchanges, GameFi, social networks, wallets, etc. Detailed information about all applications is provided in the “Ecosystem” section of the Metis website.
MetisDAO ecosystem
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