MTA

mStable Governance Token: Meta (MTA)MTA

Rank #567
Token
On 9,269 watchlists

mStable Governance Token: Meta (MTA) Price (MTA)

$2.84
4.12%

0.00005143 BTC5.09%

0.00121 ETH3.49%

Low:$2.69
High:$2.89
24h
MTA  mStable Governance Token: Meta (MTA) MTAPrice: $2.84 4.12%
Market Cap
$49,271,370
4.12%
Market Cap / TVL Ratio
0.6745
Fully Diluted Market Cap
$284,191,753
4.12%
Total Value Locked (TVL)
$73,049,594
Volume
24h
$3,057,502
28.82%
Volume / Market Cap
0.06205
Circulating Supply
17,336,544 MTA
Max Supply
--
Total Supply
99,995,245
Reported Circulating Supply
45,558,254 MTA

mStable Governance Token: Meta (MTA) Chart

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MTA Price Live Data

The live mStable Governance Token: Meta (MTA) price today is $2.84 USD with a 24-hour trading volume of $3,057,502 USD. mStable Governance Token: Meta (MTA) is up 4.12% in the last 24 hours. The current CoinMarketCap ranking is #567, with a live market cap of $49,271,370 USD. It has a circulating supply of 17,336,544 MTA coins and the max. supply is not available.

The top exchanges for trading in mStable Governance Token: Meta (MTA) are currently Huobi Global, FTX, MXC.COM, Bitribe, and WBF Exchange. You can find others listed on our crypto exchanges page.

What Is Meta (MTA)?

Meta (MTA) and mStable (MUSD) are parts of an autonomous, non-custodial stablecoin infrastructure that is designed to provide a decentralized finance (DeFi) platform and a base layer collateral protocol on which DeFi applications can be built. mStable is a meta-asset platform with an aim of creating assets that are better than the sum of their parts.

The Meta (MTA) token is mStable’s protocol token and has three functions: coordination of decentralized governance, incentivization of bootstrapping of mAsset liquidity and utility and empowerment of a decentralized community of Governors.

As such, Meta governs mStable, and each system parameter is determined by the users. To participate in the governance, the users have to stake MTA and vote on the proposals, thereby becoming a Meta Governor.

Who Are the Founders of Meta?

mStable was co-founded by James Simpson and Henrik Andersson.

James Simpson is the CEO of mStable. He has also worked as an investment analyst at Apollo Capital.

Henrik Andersson is the lead advisor at mStable. He is also and an advisor at Meld Gold and the CIO of Apollo Capital.

Simpson and Andersson met at Apollo Capital, and, after participating in several stablecoin and lending platform projects, they started work on uniting lending, swapping and saving into a single standard. Their goal was to remove points of friction encountered by the users of existing stablecoins. This project eventually became mStable.

What Makes Meta Unique?

mStable provides a stablecoin liquidity pool, or, in other words, a noncustodial smart contract that allows deposits of whitelisted stablecoins.

SWAP addresses the issue of liquidity across different stablecoins and assets, and the MUSD token is redeemable for any underlying asset at a 1:1 ratio, regardless of its price. This way, zero slippage occurs, and there’s an implementation of a straight-line bonding curve which generates a large swap volume from users that are arbitraging the price difference.

SAVE solves the issue of yield by offering a high annual percentage yield (APY). Holding MUSD allows users to access the MUSD high savings rate, which is a combination of interests that are gained by the automatic lending of the underlying assets to Save and Compound.

MINT facilitates the minting of MUSD, which is necessary to address mStable’s high APY. There are 14 million stablecoins that have generated 40 million MUSD which is the collateral behind the circulating supply.

EARN motivates users to contribute to MUSD liquidity through DeFi. Its goal is to make MUSD a lot more useful and liquid. To do this efficiently, mStable distributes MTA.

mStable increases the liquidity by pooling participants from different asset markets, improves safety through spreading the risk of different pegging mechanisms and reduces the congestion by inviting liquidity into the system through incentives.

Learn more about HempCoin.

Learn more about Synthetix.

Learn how to use Uniswap on CMC Alexandria.

Increase your knowledge of cryptocurrencies on the CoinMarketCap blog.

How Many Meta (MTA) Coins Are There in Circulation?

As of March 2021, Meta (MTA) has a circulating supply of 17,336,544 tokens and a maximum supply of 100,000,000 MTA.

How Is the Meta Network Secured?

mStable keeps the network secure through a multi-faceted approach. There is a macro-level architecture with a robust governance decentralization plan and a micro-level architecture where code formatting, documentation, testing procedures and auditing play vital roles.

There is also an open reward pool for the discovery and reporting of vulnerabilities found within the mStable protocol.

Where Can You Buy Meta (MTA)?

Meta (MTA) can be bought and sold on the following exchanges:

You can learn everything you need to know about buying Bitcoin (BTC) and other cryptocurrencies here.

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mStable Governance Token: Meta (MTA)

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MTA Price Statistics

mStable Governance Token: Meta (MTA) Price Today
mStable Governance Token: Meta (MTA) Price$2.84
Price Change24h$0.1124
4.12%
24h Low / 24h High
$2.69 /
$2.89
Trading Volume24h$3,057,502.45
28.82%
Volume / Market Cap0.06205
Market Dominance0.00%
Market Rank#567
Total Value Locked (TVL)$73,049,594
mStable Governance Token: Meta (MTA) Market Cap
Market Cap$49,271,369.97
4.12%
Fully Diluted Market Cap$284,191,752.73
4.12%
mStable Governance Token: Meta (MTA) Price Yesterday
Yesterday's Low / High
$2.52 /
$2.94
Yesterday's Open / Close
$2.94 /
$2.77
Yesterday's Change

5.62%

Yesterday's Volume$4,295,244.62
mStable Governance Token: Meta (MTA) Price History
7d Low / 7d High
$2.52 /
$4.47
30d Low / 30d High
$2.15 /
$4.47
90d Low / 90d High
$1.82 /
$4.99
52 Week Low / 52 Week High
$0.8103 /
$11.05
All Time High
Aug 31, 2020 (8 months ago)
$11.05
74.29%
All Time Low
Dec 27, 2020 (4 months ago)
$0.8103
250.74%
mStable Governance Token: Meta (MTA) ROI

43.54%

mStable Governance Token: Meta (MTA) Supply
Circulating Supply17,336,544 MTA
Total Supply99,995,245 MTA
Max SupplyNo Data