MetisMETIS to INR

What is MetisDAO (METIS)?

This network was co-launched by Elena Sinelnikova, Kevin Liu  and Yuan Su in the year 2019 and it started doing its business from 2021. It is a layer-2 scaling solution of Ethereum. It works as a rollup blockchain for Ethereum blockchain. It transfers the transactions from layer-1 to layer-2 so as to minimize the pressure. Its main  aim is to provide solutions to the problems faced by Ethereum which are speed, cost and scalability. Apart from it this network also aims to provide infrastructure and tools to developers so as to enable them to build decentralized applications and decentralized autonomous companies. This network is user-friendly, scalable and efficient. It has its own native token METIS that governs the work of this network.

What Makes MetisDAO Unique?

This network works as a decentralized autonomous organization. It uses Optimistic Rollups that enables it to provide fast and low-cost transactions on Ethereum blockchain. The work of this Rollups is to clump several transactions into one single transaction which can be processed easily on Ethereum. It transfers the transactions from layer-1 to layer-2 so as to store the transaction data off-chain, this is done using the security and decentralization of Ethereum which makes the transactions faster and cheaper. 

What Are the Features of MetisDAO (METIS)?

This network works on a decentralized blockchain that enables it to make its own collective decisions and governance without the interference of any centralized financial intermediaries like banks and other financial institutions. Below mentioned are some of the features of this network. 

• Governance 

The native token holders of this network are enabled to cast votes on important proposals of the platform's future. This helps in shaping the future of the network. 

• Rewards and Incentives 

The native tokens are also used as a form of incentives awarded to the users or token holders for their active participation in the governance of the network. 

• Decentralized Autonomous Organization 

This network works on DAO that enables token holders to take part in the decision-making process of the network that is related to any kind of network development or upgradation.

• Scalability 

This network is built to be scalable and hold the increasing number of users and decentralized applications by using side chains which are specifically designed for this purpose. 

• Staking 

This network also supports Staking of its native token. The stakeholders are even rewarded for staking and maintaining the network's stability. 
 

What is the Metis Hybrid Rollup?

It is the combination of optimistic rollup architecture and zero-knowledge proofs. This mechanism is still very new, launched in March 2023. It's work is to provide a secured developer-friendly layer-2 platform for Ethereum developers so as to enable them to utilize all types of decentralized applications.

Where Can You Buy METIS Tokens?

This token is available on OKX, BingX, Huobi, Coinbase, BitMart, KuCoin and more cryptocurrency exchanges. You can also follow the below mentioned easy steps to buy this token: 

• Wallet Setup

Firstly you need to set up your wallet.  Choose a trusted wallet for safety purposes. 

• Coins Transfer 

Since this token is ERC-20 token you will need to buy Ethereum coins as your base currency. then Transfers Ethereum coins to your wallet. 

• Account Creation

Choose a reputable cryptocurrency exchange that supports this token and creates your account on that exchange by finishing the mandatory verification process. 

• Coin Search

Connect your wallet with that decentralized exchange and search for these coins.

• Place Purchase Order

Place purchase orders for the required amount of coins and trade Ethereum coins with this token.

• Check Coins Deposited 

When the coins get deposited into your account transfer them into secured wallets.

What is the future of MetisDAO (METIS)?

This network has a great future ahead because of the following main reasons: 

• Fast and Low Cost Transactions

This network is built with the main purpose of solving the problems of Ethereum by transferring the Layer-1 transactions to Layer-2 so as to provide a secure fast and low-cost transaction. Its native token has a good number of use cases that makes it unique among others. It has some distinct features of its own. 

• Strong Development Team 

Additionally its development team is working to bring more innovation features under its wing and provide a good experience to its users.

• Rights to Community Members

It even enables its token holders to stake their tokens and participate in the network's decision-making process. 

All the above factors make this network a successful project with a great future ahead. With such advancements it is likely that this network will soon achieve a prominent position in the ecosystem.

Conclusion 

This network has good potential in the future. With many advancements such as good features, widespread use cases and community involvements makes it a successful project. But before investments into the cryptocurrency market it is important to consider the risks associated with them. Risks such as volatility, regulatory uncertainty, competition and technological uncertainty  can affect the coin's future and your investments. Thus do detailed research on such risks and then go for investments. Apart from that this network is a good place for making investments.