The name Metis comes from Greek mythology. Metis was a Titan who possessed extraordinary wisdom. This name was chosen because the Metis protocol wants to build smart and wise solutions for blockchains.

 

Metis (METIS) crypto asset is now listed on INDODAX on the ERC-20 network.

 

Interested in Metis (METIS) and how to buy it? Learn more before investing by reading below!

 

About Metis (METIS)

Metis is an Ethereum Layer-2 scaling solution aiming to solve the blockchain trilemma that blockchains cannot be decentralized, secure, and scalable simultaneously. It also strives to solve Ethereum’s biggest challenges: speed, cost and scalability. Metis wants to help developers create and manage existing decentralized applications (dApps), while also supporting developers and entrepreneurs who want to build and launch new dApps. It also integrates the Decentralized Autonomous Company (DAC) framework into its Layer 2 infrastructure to help developers and businesses move from Web 2.0 to Web 3.0.

 

For more information, visit the official website of Metis (METIS) at ??https://www.metis.io/

 

Challenges, Opportunities, and Utilities

Metis aims to address three main issues faced by Ethereum, which are speed, cost and scalability. By utilizing Optimistic Rollups technology, Metis can accelerate transactions on Ethereum and make them cheaper. Transactions can be processed in parallel on Metis’ layer 2 before being confirmed on Ethereum’s layer 1, thus increasing the network’s capacity. Metis also assists decentralized application developers to create and manage their apps as well as supports new developers to launch projects on the Metis network.

 

MetisDAO differentiates itself from other protocols in a few different ways. 

 

• Metis users can transact quickly and cheaply on the Ethereum blockchain thanks to Optimistic Rollups, which batch multiple transactions into one transaction that is then processed on Ethereum. Its Layer 2 infrastructure uses Ethereum’s security and decentralization to make transactions cheaper and faster. 
• Transaction data is usually stored on layer-1, whereas Metis stores most of its transaction data off-chain, with only the minimum viable data stored on its layer-1. This off-chain data is then placed in Memolabs storage by the Sequencer. When compared with a Layer 1 like Ethereum, storage on Memo Labs is substantially cheaper. 
• Metis also offers a modular framework, allowing developers to build and customize their own dApps using Metis’ infrastructure.

 

Here are some of the utilities of the METIS token:

 

• METIS is used for staking to earn rewards. The longer METIS is staked, the greater the rewards received. 
• METIS is used as transaction fees on the Metis Layer-2 network. This makes transactions cheaper compared to directly on Ethereum. 
• The Builder Mining program rewards Metis token to DACs (decentralized autonomous companies) for every transaction they conduct on the Andromeda network. This motivates builders. 
• Transaction history can later be converted into ‘reputation power’ that benefits users collaborating within DACs. Better reputation unlocks access to services and larger incentives. 
• Token Metis can also be used to pay ‘gas’ fees when conducting transactions such as minting NFTs on the Metis network. This makes the process cheaper.

 

Founder and Investor of Metis (METIS)

Elena Sinelnikova, Kevin Liu, and Yuan Su founded Metis in 2019, but the business didn’t officially launch until Nov. 17, 2021. Sinelnikova established other crypto projects prior to founding Metis, including the non-profit blockchain educational hub ‘Crypto Chicks,’ in 2017. She has a Master’s degree in computer science and experience working in blockchain, cybersecurity, software development, and as a full-stack programmer. Kevin Liu worked as an investment manager and in strategic development before launching Metis. He has an undergraduate degree in management and an MBA from the Chinese Academy of Sciences. Yuan Su studied computer science as an undergraduate and then did an MBA at the University of Toronto. After graduating, he worked as a software engineer and manager at IBM until 2019, when he co-founded Metis. He now also heads up development at CaseWare International.

 

With fundraising of $11,050,000.00, METIS is backed by investors and venture capitals such as OKX Ventures, Genblock Capital, Maven 11 Capital.

 

Crypto Asset Ranking Information

As of July 8, 2024, the CoinMarketCap ranking of Metis (METIS) is #193, with a market cap of USD 226,082,091. It has a circulating supply of 5,686,334 METIS and a maximum supply of 10,000,000 METIS.

 

How to Buy Metis (METIS) on INDODAX 

Now that you’ve discovered more about Metis (METIS), you can start investing in Metis (METIS) easily and securely on INDODAX. 

You can access INDODAX via the INDODAX Mobile App, which can be downloaded from the App Store or Google Play Store, or by visiting the INDODAX website.

To buy Metis (METIS) crypto asset on INDODAX, follow the steps below:

1. Register on INDODAX if you are not yet an INDODAX Member or login to your INDODAX account
2. Then, deposit by reading how to make a deposit below
3. After making a successful deposit and the balance has been credited to your INDODAX account, visit the INDODAX market
4. Search for METIS in the IDR market, and click to visit the crypto asset page
5. On the crypto asset page, enter the balance and desired METIS purchase price, or buy instantly at the current price
6. Next, you should wait for the price to increase for some time
7. Once the price increases, your assets can be sold at a higher price with the Instant method
8. If you use the Limit method to sell, make sure to place a sell order after purchasing the asset and enter a higher sell number

 

INDODAX also offers other features than trading, such as INDODAX Earn which allows you to lock crypto assets and earn interest rewards, and INDODAX OTC for large crypto transactions in a more personalized and secure way.

 

Let’s invest in Metis (METIS) on INDODAX now!