Last week I have found new crypto that I didn't know about, Metaverse(ETP). Today there are hundreds different cryptos and I really believe that most of them will fail. Because of that I am trying to invest in those whose existence and potential use case make sense to me. Metaverse(ETP) is one of them.
Metaverse(ETP)
What is Metaverse(ETP) and why I think that potentially it can be successful like NEO?
They say about themselves that Metaverse is public blockchain based in China, designed to facilitate low-cost, convenient transfer of digitized personal data and assets with unprecedented security and privacy. Metaverse aims to revolutionize the way financial services and transactions are processed, and to improve outdated and inefficient identity verification services with a network of Digital Assets, Digital Identities, and Oracle Intermediaries.
You can find similar goals at many other cryptos but Metaverse(ETP) is little bit different in my opinion.
The founder of Metaverse(ETP) is Eric Gu. He started participating in the blockchain community in 2013 with investment in Bitshares. He is co-founder of some very successful blockchain projects, including NEO. He left NEO to build his own better blockchain, Metavrse(ETP). He is also CEO of ViewFin, blockchain company that is behind Metaverse.
I think that is very important that founder and his team have credibility and history without bad marks in this still unregulated crypto world.
Here is how he explains Metaverse:
Current price is 1.86 USD
Current market cap 69,685,719 USD
Circulating supply is 37,389,254 ETP
Total supply is 100,000,000 ETP
The smallest unit of ETP is 0.00000001 ETP
The security of ETP is guaranteed by the ECDSA (Elliptic Curve Digital Signature Algorithm).
POW + POS
Metaverse offers a possibility to stake your coins for 6 months, giving you ROI of 8%, or for 1 year, giving your ROI of 20%.
Block Time: 24 seconds
Dev Language: C++
The parent company, Viewfin, has more than 60 employees and is the same size as NEO’s parent company,OnChain.
ETP is used to measure the value of smart properties in Metaverse blockchain or as collateral in financial transactions. Additionally, fees applied on Metaverse blockchain (to create new smart properties, register a new Avatar or designate yourself as an Oracle) must be paid in ETP.
What I really like about Metaverse is the concept of BaaS (Blockchain as a Service).
That means that whoever want to do some business on Metaverse blockchain doesn't need to have any dev skills. You can develop your project yourself if you want but there are many people without any programming skills that would like to make blockchain projects. So whoever wanna do that, Metaverse foundation will assist.
Metaverse allows Chinese people to write code in characters. This is big because Chinese people don’t write in alphabets, they write in characters. So to tell them to write a programming language in alphabets makes it really hard.
Metaverse partnered with Moscow's based KICKICO and сrypto investment bank CyberTrust and together are aiming to take over the ICO market in China and Russia. There are at least 20 companies that want to make Initial Coin Offerings (ICO) on the Metaverse blockchain platform over next year. These ICOs will very likely be temporary based in Russia, until the Chinese government regulates ICO's and solves the current situation in China.
All of this makes me very positive about Metaverse(ETP) future and I hope that they will achieve their goals and become important player in blockchain space.
This is not investment advice, this is only my opinion and if you plan to invest in Metaverse(ETP) you should do your own research.
