My friends and my followers today ı will give you some information about Metis Dao and They have quick testnet and ı will be guide for this. Let me explain the project first and then ı will show some guide about testnet. Let's start.

Metis DAO (Distributed Autonomous Organization) is entering the scene to decorate the performance of the Ethereum surroundings.
Metis DAO: Rollup Protocol on Ethereum Metis DAO is a rollup protocol aiming to carry more performance to the Ethereum atmosphere. But what are rollup protocols? These protocols try and alleviate the pressure on Ethereum's layer-1 by means of shifting transactions to a layer-2, called layer-2. Metis, as any such protocols, gives an answer centered on the essential problems of Ethereum, mainly transaction speed and price. One of the enormous challenges dealing with Ethereum is the continued issue of high transaction charges and community congestion. Slow transaction processing speed and high charges could make the web3 revel in painful. Metis gives a number of merchandise for builders and other stakeholders searching for to cope with troubles associated with Ethereum.
Metis: A General-Purpose Optimistic Rollup on Ethereum Metis is a standard-cause optimistic rollup constructed on Ethereum. This approach that the Metis protocol can guide use instances together with clever contract improvement, decentralized packages (DApps), and extra scalable transaction processing. Rollups are attractive due to their capability to utilize decrease gas costs and quicker transaction processing. However, users of the semantic web preference greater than simply faster transactions. Therefore, many layer-2 scaling solutions also feature as smart settlement platforms or digital machines. The Metis crypto protocol goals to resolve the scalability trilemma and simultaneously provide security, scalability, and decentralization. Additionally, it targets to create a suitable and scalable surroundings for the development of packages, companies, and the DAO network.

Metis History

The story behind Metis DAO is as compelling and galvanizing because the solutions it brings to the Ethereum ecosystem. In this article, we are able to delve into the journey of Metis and explore the important thing players who introduced this undertaking to lifestyles. Metis Andromeda, or honestly Metis, is an Ethereum layer-2 blockchain created with the aid of Metis Labs. However, this success tale commenced as a part of a more enormous project. Metis Labs is a number of the contributors of Genesi DAC, a task capitalist decentralized independent corporation. This DAC is controlled with the aid of Natalia Ameline, a outstanding discern inside the crypto international and the mother of Vitalik Buterin. While Metis's inception dates returned to 2018, its mainnet went stay in November 2022. To help developers running on Metis Andromeda, Metis Labs initiated a furnish software with Genesi DAC. This program proved to be a essential step in contributing to the mission's boom and development. While the founding members of Metis Labs won't be enterprise giants, they bring numerous information to the table. Kevin Liu, the Founder and Product Lead, has enjoy in finance and formerly mounted Token Economy Labs Inc. Technology Lead Yuan Siu and CEO Elena Sinelnikova also are founding individuals of Metis Labs. Elena Sinelnikova is moreover the Founder and CEO of Cryptochicks, a blockchain nonprofit organisation focused on teaching girls. The records of Metis DAO serves as an instance of boom within an surroundings and how a hit projects are crafted. This group got here collectively to make a treasured contribution to the Ethereum atmosphere, bringing to existence a a hit optimistic rollup protocol. This achievement holds massive importance for the Ethereum environment and the cryptocurrency international.

Metis's Operating Principle

Metis DAO operates the use of constructive rollup concepts. Below, you may locate the essential steps that illustrate the main components and operations of Metis:

1. Users: Metis customers submit their transactions to Metis. These transactions have the advantage of decrease transaction fees and quicker transaction processing.
2. Block Producers: Block manufacturers, who get hold of person transaction requests, prepare these requests and convey blocks for layer-2.
3. Sequencers: Sequencers queue user transaction requests and send them to a selected blockchain layer. In the Metis protocol, only one sequencer is energetic, applied for making sure consensus on transactions and growing pace.
4. Verifiers: Verifiers examine transactions, verify the accuracy of transaction roots, and initiate and complete errors proofs. This is important for detecting and rectifying fraudulent activ74384ities.
5. Block Producers (Again): Block manufacturers broadcast the blocks in layer-2 via the peer community.
6. Sending to L1: The sequencer sends transaction statistics to Ethereum layer-1, confirming that the transaction occurred in layer-2.

The essential running precept of Metis DAO is to relieve the Ethereum major chain by way of executing the bulk of transactions quickly on layer-2. This outcomes in lower transaction costs and speedy transaction processing. Metis focuses on retaining security and decentralization in the course of this method, providing users an progressed Ethereum enjoy.

Use Cases

METIS Token has diverse use cases, inclusive of:

• Transaction Fees: METIS Token is used for charge bills related to transactions at the community.
• DAC Registration: Staking of METIS tokens is required for the registration of initiatives within the DAC.
• Investment: METIS Token can be bought, offered, or traded on cryptocurrency exchanges that list it.
• Money Transfers: METIS token may be used for cross-border money transfers instead of fiat currencies.

What Makes the MetisDAO Project Unique?

Functioning as an Ethereum Layer-2 solution, MetisDAO distinguishes itself with the DAC era that takes the DAO idea a step further. While running like a agency, MetisDAO now not simplest gives governance and balloting however also presents users with a broader carrier spectrum. Let's discover the precise aspects of the venture that set it aside, along with its Optimistic Rollups era and solutions for the blockchain trilemma

Metis permits customers to perform transactions quick and inexpensively at the Ethereum blockchain through Optimistic Rollups, which combination multiple transactions into a unmarried one. By leveraging Ethereum's security and decentralization, MetisDAO reduces the value and will increase the rate of Layer-2 infrastructure transactions. Metis collects transaction records on Layer-1, storing most of the information off-chain. Developers can create and personalize their personal DApps the usage of the MetisDAO infrastructure.

There are 5 unique features of Metis Dao

1. Easy Integration with Ethereum
2. Collaborative and Efficient Continuous Conversion Cycles
3. Cost-Effective Storage of Data
4. Ethereum-Compatible Virtual Machine
5. Strategic Partnership with Memo Labs

Advantages and Disadvantages of METIS Token:

MetisDAO has strengths in regions which includes velocity, performance, value, and decentralization. Here are the blessings and drawbacks:

Advantages:

• Provides a decentralized atmosphere governance.
• The community is secure.
• Infrastructure is scalable 93829.
• Integration tactics are honest.
• Transactions occur quickly and with low fuel fees at the community.
• Reduces off-chain storage charges for blockchain-primarily based commercial enterprise operations.
• A top place to begin for blockchain-based totally business operations.
• METIS has a low maximum supply.
• Listed on high-quantity exchanges which include OKX, Coinbase, Gemini, etc.

Disadvantages:

• Competes with Ethereum Layer-2 tasks.
• METIS costs are quite volatile.
• Not listed on Binance.
• You can shop METIS tokens in a hardware pockets to mitigate the chance of attacks and theft.

Metis Dao Ecosystem

Detailed information about METIS Token

METIS token key metrics

• Token Name: Metis Token
• Ticker: METIS
• Blockchain: Ethereum
• Token Standard: ERC-20
• Contract: 0x9e32b13ce7f2e80a01932b42553652e053d6ed8e
• Token Type: Governance, Utility.
• Total Supply: 10,000,000 METIS.
• Circulating Supply: 2,144,164 METIS.

METIS Token Allocation 

• Minted: 47.7% 
• Investors: 15.5%
• Community Development: 9%
• Founding team: 7%
• Airdrop: 6% 
• Liquidity Reserve: 6%
• MetisLab Foundation: 4% 
• Community Star: 3% 
• Advisors: 1.5% 
• Paid Network IDO: 0.2%
• Gate.io IEO: 0.1%

Testnet Guide

Now Let's get the Testnet Guide. I will list one by one

• Faucet :https://decentralize.metis.io/

1. Claim tokens from telegram bot (500 pts)

• Tethys : Swap and Add liquidity

1. Swap tokens (300 pts)
2. Open a long/short position with leverage (400 pts)
3. Add TLP liquidity (500 pts)

• Netswap: Swap and Add liquidity

1. Swap tokens (300 pts)
2. Provide LP (500 pts)

• Hummus : Swap and Add liquidity

1. Swap tokens (300 pts)
2. Provide LP (500 pts)

• Midas: Join Lottery

1. Enter a lottery (1000 pts)

As a conclusion, Metis dao is strong and powerfull project. We can try testnet its free and easy. We can make money without pay anything and without investment. These are just my thoughts and opininons not financial advice and do your own research.Thanks for reading and supporting my articles.

Best Regards CryptoTurk

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