• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews
Bitcoinist.com
No Result
View All Result
metis
Nexo

Metis Announces Innovative DAC Staking Program Starting from 29,000% APY

Bitcoinist by Bitcoinist
9 months ago
in Industry
0
Advertisement

Metis, an Ethereum Layer-2 scaling protocol supported by Rollup Tech, recently announced the launch of its mainnet Andromeda, while establishing a $100M Ecosystem Fund to support emerging dApps, gaming, and DeFi solutions. In addition to these recent announcements, Metis has unveiled a unique Staking program.

Metis, an Ethereum (ETH) Layer-2 platform for dApps, DAOs, NFTs, and consumers active in the Web 3.0 space, has confirmed that the Metis DAC Creation and Staking program starts on Friday, November 26, 2021, at 3 pm UTC. The Metis team has released a comprehensive guide on everything you need to know for taking part in their staking initiative. They are also unveiling the first-ever Metis Community DAC: Titans DAC!

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

According to the update, Titans DAC will work on several different community- and charity-oriented projects. Leading the initiative off is a Set of 15 Launch Edition NFTs. As noted in the announcement, the holders of these NFTs, as of November 26, 2 pm UTC, will get an opportunity to secure large boosts in mining power for the DAC staking program, Governance Rights within Titans DAC, as well as various privileges at Metis IRL events.

Blockchain Platforms that are Accessible to All Users

The Metis team confirmed that they want to make blockchain or distributed ledger technology “accessible to everyone.” They’re also working on a three-pronged strategy that offers a Layer-2 Ethereum Rollup enabling quick and affordable transactions.

In addition to these capabilities, there will be no-code middleware allowing clients to seamlessly migrate onto Metis Layer-2 within just a few minutes, which is possible due to configurable smart contract templates.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

As noted in the update, there will also be a Decentralized Autonomous Company infrastructure that provides key functionalities beyond simple voting and governance offered via traditional DAOs. This should help with forming decentralized businesses on-chain, with all the functions of a real-world company while offering the benefits that come with being launched on a blockchain network.

Metis had also initiated a phase of testing on their DAC Staking and Mining offering. After this phase was completed, they launched Andromeda on their updated framework, which should help with merging EVM Equivalency.

What is the best crypto casino in July 2022? Read our comprehensive comparison! We made deposits, played and reviewed 80+ crypto casinos to choose the best one.

The DAC launch and staking $METIS tokens (with APY of around 29000%) is set to go live soon, which has come after the Andromeda mainnet launch. That Andromeda structure includes the Layer-2 network and a Multi-VM, which is a decentralized virtual machine for enhancing the scalability and security of Metis Layer-2 infrastructure.

Metis Launches $100M Ecosystem Fund

Transaction costs on Andromeda are expected to be well below Ethereum Layer-1 levels, but they will still be quite high (about $1-$2 at the moment). As noted in the announcement, Metis is set to launch its IPFS tech in early 2022.

Metis also noted that it’s joining the Ethereum Layer-2 race with its massive $100 million Ecosystem Fund. The fund is serving as a decentralized autonomous company, called Genesi, to support DeFi, gaming, and DAO-focused projects in the Metis ecosystem.

 

 

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Bitcoinist

Bitcoinist

Bitcoinist is the ultimate news and review site for the crypto currency community!

Related Posts

The Next Crypto with Potential to Pump Like Shiba in 2022

The Next Crypto with Potential to Pump Like Shiba in 2022

18 hours ago
Manilla Finance – The Next Big Thing in Blockchain, Almost Ready for Launch

Manilla Finance – The Next Big Thing in Blockchain, Almost Ready for Launch

22 hours ago
ViaBTC Capital|An Economic Analysis: Play to Earn or Play to Ponzi?

ViaBTC Capital|An Economic Analysis: Play to Earn or Play to Ponzi?

2 days ago
5 Reasons to Be Bearish on Shiba Inu Price and Bullish on Tamadoge

5 New Cryptocurrency Crypto Whales Are Accumulating 2022

2 days ago
5 Reasons to Be Bearish on Shiba Inu Price and Bullish on Tamadoge

Will Shiba Inu Reach $1? No, But New Cryptocurrency Meme Coin Tamadoge Might

3 days ago
Why Developing Countries Are Looking to Adopt Crypto as Their Legal Tender

Why Developing Countries Are Looking to Adopt Crypto as Their Legal Tender

3 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.