What Is Metabit?
Metabit is an ecological chain with large-scale commercial high-performance blockchain platform. On the basis of providing a strong, secure and autonomous blockchain operation network, it focuses on developing general and universal commercial applications and forming an ecology. Based on this concept, MetaBit network integrates EVM, provides the development capability of Metabit APP, and implements any Metabit System on the basis of the App to correspond to various commercial systems
Metabit Unique Features
Transaction Processing – Seconds
Through the parallel execution of transactions and optimization of the consensus layer, Metabit initially aims to achieve a 1-second response time. The direction of subsequent optimization focuses on improving throughput (transaction parallelism) and introducing preprocessing mechanisms to shorten real-time The response time required by the application, and the decoupling of the consensus mechanism and response time.
Transaction Costs – Customization
Stable currency or legal currency are figured as Gas fee’s anchor unit, and it makes regular or irregular adjustments based on the market price of the token to maintain stable transaction costs and decouple the number of transactions and the busyness of the network. At the same time, MetaBit APP allows to formulate a flexible incentive mechanism to replace the gas cost.
Security，Privacy-Post-Quantum Cryptography
Metabit tracks algorithm research, introduce new algorithms, such as anti-quantum algorithms, etc., and provide account switching synchronously. Protect business privacy in general commercial applications, and implement basic components and modules for information isolation, such as hidden bid prices in auction
applications, and hand card sizes in online multiplayer games, all of which have information timeliness and confidentiality. and verifiability requirements. Follow up the important achievements in the field of zero-knowledge proof research and build decentralized authentication components and modules.
DAO – Decentralized (Friendly Community)
The MetaBit network is the application environment of the blockchain, and it is also a DAO for the whole community. All participants are given rights of voting, supervision and income. Voting rights are reflected in community governance, major version updates, etc., supervision rights are reflected in stateless transaction verification functions: submission mechanism verification and block correct verification, and revenue rights are reflected in execution verification functions and pledge functions. It can be a mobile phone mining.
New cross-chain technology
MetaBit network has carefully studied a variety of cross-chain solutions, and implemented On-Chain and Off-Chain solutions for different scenarios. Fully decentralized technology protocol. Through the decentralized, fully automatic, and trustworthy cross-chain protocol, other public chains can develop freely. At the same time, under the framework of seamless asset excMetabite, a cross-chain ecological platform for technical collaboration and cooperation is born. Chain-chain interoperability can not only realize value circulation and information excMetabite between heterogeneous chains, but also enhance the vitality and competitiveness of the industry by mobilizing resources and functions between different chains.
Roadmap
2017: Technology research and development start
18th Feb 2022: Metabit project official establishment
18th March, 2022: Officail announcement and release of the main body of the project
19 th April- 21 September, 2022
- 19th April Release White Paper 1.0 and Project Roadmap
- 23rd April Release the token BMC and start the seed round
- 20th May A round of private equity
- 20th May Onlion test of Metabit DEX
- 6th Jun Official launch of Metabit NFT and DEX platform
- 6th Jun B round of private equity
- 19th July Launch of main chain test network
- 19th July Launch of Wallet
- 18th August Launch of main chain
- 18th August Mobile phone mining achieve on wallet
- 9th September Main currency mapping
- 21st September Launch of main currency on the centralized excMetabits(OK ExcMetabite, Coinbase, FTX)
26th October—26th December,2022
- 26th October Launch of game chain
- 21st November Cross-chain protocol 1: Cross-chain transactions
- 26th December Cross-chain protocol 2: payment platform
2023
- Continuously upgrade ecological construction
- Support small and medium enterprise planning
Metabit Token Economy
BMC is an important part of the Metabit platform. It is an BEP-20 utility token built on
the Ethereum blockchain. It serves as the basis for transactions within the Metabit
ecosystem and has the following uses:
(9) As a creative incentive for NFT creators and Metaverse developers on the Metabit
platform;
(10)The creator uses BMC to price NFT works;
(11)Buyers can use BMC to bid and pay;
(12)BMC can be used to offset transaction fees;
(13)BMC serves as a credential for community supporters, and holders can participate in
platform decision-making and community operations;
(14)BMC holders can participate in various activities on the Metabit platform;Metabit Decentralized Commerce Platform White Paper
28
(15)Using Metabit Network, there will be usage fees in some scenarios, and this part of
the fees need to be paid by BMC;
(16)Tokens can be used in staking mining, liquidity mining and other scenarios within the
Metabit ecosystem to obtain more favorable capital returns.
Detailed Token Metrics
TBA
Token Distribution
Total circulation: 1 billion
(1) Mining reward: 680 million 68%
(2) Platform construction: 100 million 10%
(3) Global community operations: 120 million 12%
(4) Team building: 100 million 10%
Token Release Schedule
TBA
Partners & Advisors
TBA
Team
TBA
Investors
TBA
