Metis is an advanced Layer 2 platform on Ethereum, optimizing transaction costs and speed using Optimistic Rollup technology, supporting rapid and easy transition from Web 2.0 to Web 3.0.
The Metis project develops a Decentralized Autonomous Company (DAC) model that helps build efficient decentralized applications and communities on the Layer 2 platform, providing features like yield farming, DEX trading, and a Gig economy with low costs.
- Metis uses Optimistic Rollup technology on Ethereum to optimize speed and cost.
- The project applies the DAC model to effectively manage and develop communities.
- The METIS Token plays a role in staking and DAO governance, and has been listed on many major exchanges.
What is Metis?
Metis is a Layer 2 platform based on Ethereum, operating with Optimistic Rollup technology, helping to reduce transaction costs and increase processing speed. This is an optimal solution supporting the transition from Web 2.0 to Web 3.0, while providing many DeFi services such as yield farming and DEX trading.
With its expanded functions, Metis also facilitates the development of the Gig economy through fast and cost-effective micro-payment dApps, creating convenience for developers and users.
How does the Metis project operate?
The project operates according to the Decentralized Autonomous Company (DAC) model directly linked to Ethereum's Layer 2 infrastructure. Optimistic Rollup technology helps reduce congestion and costs, creating a flexible and sustainable application development environment.
Metis supports communities and developers to develop applications quickly, save costs, and effectively leverage the DeFi network.
Elena Sinelnikova – CEO Metis (2023)
The DAC model helps projects easily create their own communities and manage internal operations effectively, while Layer 2 provides a stable and quick operating platform. Metis also supports dApps deployment in the Web 3.0 environment, promoting widespread adoption.
What are the highlights of the Metis project?
Metis thoroughly addresses challenges on Ethereum such as high costs, low speed, weak scalability, and suboptimal security. The Optimistic Rollup technology on Layer 2 combined with the DAC model helps enhance decentralization, simplify operations, and save operating costs.
- DAC model: Facilitates the construction of decentralized communities and applications.
- Optimized Layer 2: Reduces transaction fees, increases processing speed similar to Optimism and Arbitrum.
- Diverse development tools: Supports collaboration management and effectively leveraging the DeFi network.
- DeFi applications: Supports large-scale yield farming, DEX, and Gig economy.
- Speed and cost: Optimized across the entire system, making development and use easy.
Basic information about the METIS Token?
The METIS Token is a utility token on the Metis Andromeda blockchain, with a total supply of 5,410,000 METIS and approximately 4,354,321 METIS in circulation. The token is used in DAC staking and DAO governance.
Token data
- Token Name: Metis Token
- Symbol: METIS
- Blockchain: Metis Andromeda
- Contract: 0xdeaddeaddeaddeaddeaddeaddeaddeaddead0000
- Token Type: Utility
- Total Supply: 5,410,000 METIS
- Current Circulation: 4,354,321 METIS
Token Distribution
- 7% for Founding Team
- 4% for MetisLab Foundation
- 1.5% for Advisors
- 1% Angel Investors
- 3% Community Star
- 9% Community Development
- 6% Liquidity Reserve
- 6% Airdrop
- 0.1% Gate.io IEO
- 0.2% Paid Network IDO
Token Release Schedule
The METIS Token has a clear release schedule to ensure supply-demand balance and maintain network activity. Token distribution across stages helps stabilize the ecosystem.
Token Utilities
- Staking rewards in the Decentralized Autonomous Company (DAC) model
- Participation in voting and governance in DAO
METIS Storage Wallets and Exchanges?
Users can store METIS on many popular wallets such as Metamask, Coin98, Ledger, or directly on major exchanges. Metis is listed on many reputable exchanges like Kucoin, Coinbase, Okex, MEXC, and Huobi.
Metis Storage Wallets
Metis supports secure storage through popular cold and hot wallets, ensuring maximum security for user assets.
Metis Exchanges
METIS has been widely traded on top global cryptocurrency exchange platforms, providing liquidity and easy accessibility for investors.
What is Metis's Development Roadmap for 2023?
In 2023, Metis focuses on building a multi-layer solution for Web3 and developing Eco Nodes, while integrating ZK Proof technology to accelerate node verification and transaction speed on the network.
"Multi-Layer Solution Stack and Econode will be the focus to help Metis consolidate its role in the Web3 economy."
MetisDAO Foundation – Official Announcement, January 2023
ZK Proof technology is expected to be a breakthrough, helping Metis improve transaction processing efficiency compared to the current Optimistic Rollup, creating a strong competitive advantage in the Layer 2 market.
Who is the Metis development team?
The Metis team is a collection of top experts in technology, business, and finance with many years of international experience. Notably:
- Elena Sinelnikova – CEO, with over 12 years of experience at IBM, Honeywell, and Deloitte.
- Natalia Ameline – Director of Genesi DAC, an experienced blockchain investor and advisor, who previously worked at Goldman Sachs and is also Vitalik Buterin's mother.
This team plays a crucial role in building and developing a sustainable and efficient Metis ecosystem.
Who are Metis investors and partners?
Metis has successfully raised 5 million USD from reputable funds such as Block Dream Fund, DFG, Master Ventures, Parsiq, Autonomy Capital, and Genblock Capital, contributing to project development and ecosystem expansion.
Frequently Asked Questions
Is Metis part of the ZK trend?
Metis is building and plans to integrate ZK Proof technology in 2023, leveraging the ZK trend to improve transaction speed and security.
Is Metis related to Vitalik Buterin?
Metis is not directly related to Vitalik Buterin. However, Natalia Ameline, Vitalik's mother, is an important advisor and investor in the project.
Does Metis have the potential to be listed on Binance?
Metis is a top Layer 2 project and is currently available on major exchanges like Kucoin and Coinbase, and fully has the potential and qualifications to be listed on Binance.
What are projects similar to Metis?
Projects in the same Layer 2 technology field such as Zksync, Boba Network, Optimism, and Loopring have similarities with Metis.
What notable achievements has Metis achieved?
Metis has integrated many large projects like Stargate Finance and is expected to deploy Aave V3, enhancing capital flow attraction to its ecosystem.
