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Metis Token (METIS) is the 262nd largest cryptocurrency in the world by market cap, valued at $142,479,451. The current price of Metis Token is $26.33631, which is -4.223% lower than yesterday. Prices have ranged between $29.11 and $27.01 over the past 24 hours. All prices are listed in US dollars and accurate as of March 25, 2023 08:03 UTC.
Metis is a layer-2 (L2) Ethereum rollup solution designed to assist Web2 businesses or applications enter the next generation Web3. Unlike other L2 solutions, Metis offers a Decentralized Autonomous Company (DAC) framework, that allows businesses to quickly launch blockchain-based applications or communities.
The protocol is also scalable, cost-effective, and easy to use.
According to the project’s website, with the price of every transaction on the Ethereum blockchain being costly and competitive, Metis makes it easy for NFT platforms, gaming communities, yield farmers, and exchanges, to enjoy network effects without committing significant capital to transactions. By using Optimistic Rollup technology and offering seamless compatibility with the Ethereum Virtual Machine (EVM), smart contracts can often be migrated to Metis in less than a day. To encourage the adoption of lower fees while maintaining quality services, dApp developers can join Metis’s Builder Mining Program, which offers access to technical support, marketing resources, launchpad access and venture capital investment. In addition to support, 30% of all transaction fees collected within the ecosystem are distributed to members of the Building Mining Program to further assist platform development. By encouraging low fees Metis aims to increase the overall number of transactions made and increase network effects. While transaction costs are already low, in the future, Metis aims to release the Metis storage layer that will further reduce gas fees to fractions of a US dollar.
METIS is the native utility and governance cryptocurrency of the Metis L2 solution. The token is used to support all aspects of the Metis ecosystem and can be staked by users and DACs created within the ecosystem for further rewards.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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