Cryptocurrency

Introduction to Metaverse Blockchain and ETP Token

eToro

Metaverse who? Well, Metaverse is an open source blockchain based platform. It was first released back in the year 2017 in February. CTO Chen Hao and CEO Eric Gu founded Metaverse in 2016.   Its specialty is in the fact that it is giving both the digital assets, digital identities and the smart contract system- a stiff competition. Metaverse works on this idea of constructing an interconnected structure of smart features of the blockchain technology and the assets of the decentralized exchange in order to offer an intelligent and safe ecosystem to its users.

One of the founders of Metaverse- Eric Gu is famous for the co-founding the Neo. He is also the man behind several reputed blockchain based projects and thus contributed to the innovation of the crypto sphere.

eToro Crypto

What else makes Metaverse incredible? Well, to start with- the blockchain platform has decentralized applications such as Supernova that run on the main- net of the platform. On the other hand, the project also targets to be in perfect synch with the ERC 20 tokens. Such features make us to consider this platform a little more seriously and to check whether this project can be a competition to the Ethereum. Let’s dig in!

We can start by checking the ETP Metaverse ETP on the crypto market-

As recorded on 5th September 2018, the market cap of the Metaverse is 156,596,192 U.S. Dollars. At that time its exchange rate was 3.12 U.S. Dollars. The total market supply of Metaverse was 100,000,000, out of which 50,229,856 ETP was in circulation in the crypto market. The all-time high of the crypto has been 5.96 U.S Dollars as recorded on 6 June 2017, which was followed by a sharp increase in October of the same year. Also during the overall crypto market up-thrust during December and January, Metaverse saw two more rises. Although these two increases couldn’t cross the all-time high record.

This talks about the uniqueness of Metaverse ETP. It was there before the Q4 increase, yet the peaks it managed to achieve during this time were couldn’t bypass the ICO rates. It can ‘collateralize’ the smart contracts on the Metaverse blockchain setup. Other uses of this crypto include paying for the transaction or the gas fees.

The process with which the Metaverse ETP is created is through PoW mining. The introduction of PoS is also on the cards and might as well be launched very soon. Currently, the government is limited to PoW. But a hybrid PoS model can be expected to get launched to the main- net within 2020.

The initial coin offering of the Metaverse ETP was seen on 5th September in 2016. It was offered at the price of 6000 BTC per 1 ETP. There was also another ICO concurrent in February 2017. During the second ICO concurrent wallet and the main-net was released. Looking at both the ICO releases, in total 50,000,000 Metaverse ETP were sold during both the releases.

You can trade Metaverse ETP on various crypto exchanges. Exchanges such as TOPBTC, Bitfinex, RightBTC, HitBTC, Bit-Z, Coinsuper, are a few among several such exchanges. You will find a lot of difference in its rates when compared to the BTC rates.

Metaverse ETP is in synch with a lot of wallets that are compatible with ETP. Some examples are- the official Metaverse Wallet which is available for the desktop, cloud usage, and on the smartphones. You can also check out third-party platforms, for instance- MyETPWallet’s Metaverse Light- wallet and the Cloud Wallet.

Can Metaverse ETP a real game changer?

Well, it seems that the Metaverse ETP has smartly positioned its rates and other features. Sometimes dark horses surprise us while others stay busy glittering. The low profile of Metaverse ETP may be a planned and intentional move. As seen above its features are quite scalable options. Let us look at the smart features the understated Metaverse ETP has to offer us-

  • With the help of MST that stand for- ‘Metaverse Smart Token,’ the company offers decentralized options to the users. It allows the users to transfer, spend, register, deposit, issue these assets as per their will.
  • Metaverse ETP works a system called- It is a digital identity system. It offers transparency and safety on the blockchain platform.
  • Also, Metaverse ETP makes use of Oracle service platform. This platform is used as sub-steps in the
  • It looks like the Metaverse has streamlined its services that are catering to the financial needs of the users, and that too in a customized manner. It covers aspects such as real estate, lending money, transferring funds and so on.

Keeping on chain growth on the mind, the company went up to the extents of establishing a body which is dedicated to investing and incubating the startups that are base on Metaverse. This body is called the Metaverse Foundation. It is offering its platform for sale as a Blockchain as a Service (BaaS) solution. Zen Gold is among the initial projects that will reap the benefits of this. Zen Gold supports crypto-based assets with tangible gold which you can buy, sell and keep a track on the transactions at an international level.

The global presence and partnerships by Metaverse-

Metaverse as a company is based in China. Therefore, sometimes getting information in English becomes scarce. Yet the company makes sure to show its presence at the international level. The company has not made a lot of partnerships by far, although this formula has been proving to work just fine for the team Metaverse.

Talking about the partnership, the company is working with a company called- Lexit. These companies are working together in order to tokenize the intellectual property. The ambition of this project is to smoothen out the process of tracking digital content. It will also help in rights allocations.

The second company Metaverse joined forces with was a Moscow based company called- Kickico. It is a blockchain project which is based on crowdfunding. Metaverse also partnered with Cyber- Trust. It is a cryptocurrency based investment bank. The bank focuses mainly on the markets from Russia and China. By far these set of partnerships have been working just fine for the company, but it is still a matter of time to see how far this business and growth strategy will allow Metaverse to soar.

Metaverse trajectory and the roadmap-
  • Metaverse is an open source blockchain based platform that runs on the main- net of the platform.
  • The process with which the Metaverse ETP is created is through PoW mining. The introduction of PoS is also on the cards and might as well be launched very soon. Currently, the government is limited to PoW. But a hybrid PoS model can be expected to get launched to the main- net within 2020.
  • Although the company doesn’t have very many partnerships, it is still managing to stay up in the game. It is one of those rare cryptos that braved the BTC pricing back in 2017 and 2018.
  • Its specialty is in the fact that it is giving both the digital assets, digital identities and the smart contract system- a stiff competition. Metaverse works on this idea of constructing an interconnected structure of smart features of the blockchain technology and the assets of the decentralized exchange in order to offer a provide an intelligent and a safe ecosystem to its users.
  • Metaverse Foundation offers its platform for sale as a Blockchain as a Service (BaaS) solution. Zen Gold is among the initial projects that will reap the benefits of this. Zen Gold supports crypto-based assets with tangible gold which you can buy, sell and keep a track on the transactions at an international level.
  • You can trade Metaverse ETP on various crypto exchanges. Exchanges such as TOPBTC, Bitfinex, RightBTC, HitBTC, Bit-Z, Coinsuper, are a few among several such exchanges.
  • The initial coin offering of the Metaverse ETP was seen on 5th September in 2016. It was offered at the price of 6000 BTC per 1 ETP. There was also another ICO concurrent in February 2017. During the second ICO concurrent wallet and the main-net was Looking at both the ICO releases, in total 50,000,000 Metaverse ETP were sold during both the releases.
  • With the help of MST that stand for- ‘Metaverse Smart Token,’ the company offers decentralized options to the users. It allows the users to transfer, spend, register, deposit, issue these assets as per their will.
  • Metaverse ETP works a system called- It is a digital identity system. It offers transparency and safety on the blockchain platform.
  • It looks like the Metaverse has streamlined its services that are catering to the financial needs of the users, and that too in a customized manner. It covers aspects such as real estate, lending money, transferring funds and so on.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

Related Articles

Back to top button