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Metis Token FAQ
MetisDAO is a decentralized autonomous organization that provides a robust infrastructure for building, scaling, and managing decentralized applications (dApps) and DAOs. It operates on a Layer 2 blockchain framework, leveraging the power of Ethereum. METIS is the native utility token of the MetisDAO ecosystem, playing a vital role in facilitating transactions, incentivizing participants, and powering governance mechanisms.
METIS tokens serve as a medium of exchange, enabling seamless transactions and access to services within the MetisDAO network. By holding and staking METIS tokens, participants can actively contribute to network security and earn rewards. METIS tokens also provide voting rights, allowing token holders to participate in governance decisions and shape the future of the ecosystem.
Dive deeper into Metis Token
MetisDAO (METIS) is a pioneering decentralized autonomous organization (DAO) that aims to revolutionize collaboration and empower individuals and organizations in the blockchain space. Built atop the Ethereum blockchain as a Layer 2 solution, Metis provides a comprehensive infrastructure for building, scaling, and managing decentralized applications (dApps) and DAOs. Its native utility token, METIS, facilitates seamless transactions, incentivizes network participants, and powers governance mechanisms within its ecosystem.
What is MetisDAO
In the ever-evolving landscape of blockchain technology, DAOs have gained significant traction. They aim to revolutionize traditional systems by enabling decentralized decision-making and community governance. Among these emerging technologies, MetisDAO stands out as a promising platform that empowers individuals and organizations to collaborate seamlessly in a decentralized manner.
The MetisDAO team
Behind the development of MetisDAO is a talented and diverse team of blockchain enthusiasts and entrepreneurs. Led by CEO Elena Sinelnikova, the founder of Cryptochicks, the team brings together expertise in blockchain technology, decentralized systems, and community building. They are driven by the vision of creating an inclusive and efficient ecosystem that empowers participants to collaborate and create value collectively.
How does Metis work
At its core, MetisDAO provides an all-encompassing infrastructure that enables users to build, scale, and manage dApps and DAOs easily. MetisDAO offers robust tools and services, including a decentralized identity system, governance mechanisms, and resource management solutions.
MetisDAO native token: METIS
The MetisDAO ecosystem operates on its native utility token, called METIS. This token plays a crucial role in facilitating transactions, incentivizing network participants, and powering the governance mechanisms within the ecosystem. As a utility token, Metis fuels the operations of dApps and DAOs built on the MetisDAO platform.
METIS tokenomics
Metis has a well-defined tokenomics structure designed to ensure stability and promote the ecosystem's growth. The total supply of METIS tokens currently stands at 5,410,000 tokens, with 4,466,402 in circulation.
A portion of the token supply is allocated to incentivize early adopters, contributors, and the community. This allocation encourages active participation and contribution to the MetisDAO ecosystem.
How to stake METIS
Staking METIS tokens is a crucial aspect of the ecosystem, allowing token holders to participate in securing the network and earning rewards actively. MetisDAO offers various staking options, including staking on the mainnet or participating in liquidity mining on supported decentralized exchanges (DEXs).
METIS use cases
METIS has multiple use cases within the MetisDAO ecosystem. They serve as the primary medium of exchange for transactions within the network. Metis tokens are used for paying transaction fees, accessing services, and participating in governance decisions. They are also used to incentivize users, developers, and contributors, driving adoption and growth.
METIS token distribution
The distribution of METIS tokens is carefully structured to ensure fairness and long-term sustainability.
- The first 49.3 percent of METIS tokens was minted in 2021 for the cold launch, team, advisors, investors, and ecosystem and community development
- 4.86 percent for community benefits, including mining
- 10 percent for early-stage Rangers mining
- 3 percent for community development in the upcoming Discovery Age
- 32.84 percent for transaction-related mining in the upcoming Discovery Age
The promising future of MetisDAO
MetisDAO is an innovative platform that fosters decentralized collaboration and empowers individuals and organizations to build and scale their decentralized applications and DAOs. With a robust infrastructure, an engaged community, and a well-designed token economy, MetisDAO is poised to shape the future of decentralized governance and contribute to the growth of the blockchain ecosystem.
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