Although Metis uses a fork of Optimism's OVM, it adds features designed to improve on the original design. These features include:
Metis is unique in that: 1. Everyone can publish an on-chain DAO or DAC, run and manage their own communities, applications, and enterprises, and Metis is the tool to do all of this. 2. Metis services are not limited to the DAO level, but have a standard module to measure everyone in the DAO, including wallets, RP's, various attributes, and basic Optimistic Governance (OG) mechanisms. When two people want to collaborate, Metis helps them establish connections and trust and perform detailed tasks.
In addition to its functional advantages, Metis also has great achievements in terms of security: the security level is very high, all business activities are carried out on the side chain, with high privacy and visibility only to the participating collaborators. When a Layer-2 transaction is packaged and uploaded to Layer-1, game theory and Metis' additional Layer of permissions ensure the process is secure.
< STRONG > Investment from well-known institutions in the industry, helping the development of Metis ecology STRONG > P >
As early as March this year, Metis has successively completed a $5 million financing, among which the well-known investment institutions involved are: Master Venture, CatcherVC, BMW Capital, OKEx Blockdream Ventures, PARSIQ, Chain Capital, HOTBIT, Water Drop Capital, YBB Foundation, Ralf Gerteis, Cryptomeria Capital, Chronos Ventures, 7 O 'clock Capital, Digital Finance Group, Consensus LABS, Genblock Capital, Gate. IO.
Details of Metis' economic system
Metis tokens were first distributed publicly on May 13, 2021 through IEO in IDO on the PAID network and gate. IO. After launching as an IDO at $5, METIS quickly rose to $8, then traded around $5 for three months before topping out at $100.
Metis tokens have three basic usage scenarios in Metis Layer 2 platform:
Transaction fees - Users pay transaction fees using Metis.
Pledge for DAC - DAC contributors must pledge Metis to become collators, participate in collaborations, or start a new MVM layer.
Reward -- DACs and Rangers were each awarded Metis tokens for their contributions to the fraud challenge. These participants may also be penalized Metis for violations.
The total amount of Metis tokens is 10,000,000, and the circulation market value is about 126 million.
Metis allocated 49.3% (or 4.93 million Metis) to community projects (airdrops and community participation incentives), markets such as decentralized exchanges (to obtain adequate trading liquidity), early contributors (public and private investors), teams and the MetisLab Foundation. The tokens allocated to the team, the foundation, and the private investors have 12-18 month exit timetables, respectively, making the price volatility of METIS relatively low in the early days.
Metis has earmarked the remaining 5.07 million tokens for a 10-year incentive plan to reward network participants who process transactions, such as sequesters, Rangers and community members who process transactions (a process Metis calls "transaction mining").
Online exchanges: Gate, ZT, Hotbit, BIG A, etc.
On November 15, Metis and its investor partners launched Genesi, a $100 million ecosystem DAC dedicated to blockchain projects joining the Metis ecosystem. In addition, Metis cooperates with Telegram Messenger, ImePlatform, and Gorilla Hash, an intelligent platform with encrypted wallet and DeFi tools, to accelerate ecological construction and development.
In addition, Metis will be launching a series of exciting new products with more improvements and upgrades to the main network before December. In the meantime, Metis will continue to build more partnerships with projects across multiple domains, including Web2 developers as well as Web2 projects, the header DeFi protocol, NFT, DAO, games, and more. All projects can use Polis to manage their wallets and smart contracts, launch DApps, and leverage the DAC framework and tools to manage their communities and businesses.