๐ What is Metis?
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Metis is a Layer 2 solution designed to address the scalability issues and high fees associated with Ethereum's network congestion. By aggregating transactions and processing them on a secondary protocol before recording them back to Ethereum, Metis enables faster and cheaper transactions.
๐ Core Products of Metis
NFT Bridge and Storage Solution: Facilitates seamless transfer of NFTs between Ethereum and Metis's Andromeda network, with integrated storage using the InterPlanetary File System (IPFS).
Decentralized Autonomous Companies (DACs) Framework: Provides a specialized framework for governance, organizational management, and incentive alignment within DACs. Members must own DAC tokens, stake them, and earn reputation points based on staking duration.
Polis Middleware Platform: Assists developers in managing smart contracts deployed on the Andromeda network. Users interact with Polis as a Web3 wallet, with transaction history potentially converted into reputation power for DAC collaboration.
๐ฐ Role of METIS Coin
Staking for Validation: METIS coin is staked by actors known as Rangers to validate transactions on the Andromeda network and enforce penalties for malicious behavior.
Transaction Fees: Used for transaction fees on the Andromeda network.
Staking Rewards: Can be staked for rewards, including participation in the Builder Mining program.
Rewards for DACs: DACs are rewarded with METIS coin for transactions performed on the network.
๐ Where to Buy METIS Coin?
METIS coin can be securely bought and sold on Binance, the worldโs largest cryptocurrency exchange, where it was listed on March 11, 2024. It is available for trading in METIS/BTC, METIS/USDT, METIS/BNB, METIS/FDUSD, and METIS/TRY pairs.
To purchase METIS coin on Binance, users need to register with the exchange, transfer cryptocurrency or fiat currency to their account wallet, and then initiate a purchase from the desired trading pair's interface.
METIS coin presents promising opportunities within the Metis ecosystem and the broader cryptocurrency market. Stay tuned for further developments and insights into Metis's innovative solutions! ๐๐
