What is the issuance volume of METIS coins? One article introduces the application scenarios of METIS coins

METIS coins, the native token of the Metis Protocol, serve diverse functions within the ecosystem, including governance, transaction fees, staking rewards, access to exclusive features, and the operation of the Metis Protocol DAO.

Oct 31, 2024 at 05:28 pm

1. What is METIS Coin?

METIS is the native token of the Metis Protocol, a layer-2 scalability solution for Ethereum. It is a decentralized autonomous organization (DAO) that governs the protocol and allocates resources.

2. Issuance Volume of METIS Coins

The total issuance of METIS coins is 10 billion. The distribution is as follows:

Seed and Private Sale: 20% (2 billion tokens)
Public Sale: 30% (3 billion tokens)
Ecosystem Development: 30% (3 billion tokens)
Team and Advisors: 10% (1 billion tokens)
Liquidity: 10% (1 billion tokens)

3. Application Scenarios of METIS Coins

METIS coins are used for various purposes within the Metis Protocol ecosystem, including:

Governance: Staking METIS tokens allows holders to participate in protocol governance and vote on decisions.
Transaction Fees: METIS tokens are used to pay for transaction fees on the Metis Protocol.
Staking Rewards: Holders can stake METIS tokens to earn rewards in the form of additional METIS tokens.
Access to Exclusive Features: METIS holders may gain access to exclusive features within the Metis ecosystem, such as early access to new projects or tools.
Decentralized Autonomous Organization (DAO): METIS tokens are used for funding, governance, and operation of the Metis Protocol DAO.

In addition, METIS coins can be traded on various cryptocurrency exchanges.

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