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Meta price today is $2.06 USD with a 24-hour trading volume of $14,817,982 USD. Meta is up 31.81% in the last 24 hours. The current CoinMarketCap ranking is #342, with a market cap of $30,162,380 USD. It has a circulating supply of 14,654,338 MTA coins and the max. supply is not available.
mStable is autonomous and non-custodial stablecoin infrastructure designed to provide decentralized finance platforms and protocols with a base layer collateral protocol on which DeFi applications can be built. mStable is a meta-asset platform that aims to create assets stronger than the sum of their parts.
Meta (MTA) is mStable’s protocol token and it has three core functions: - To coordinate decentralised governance. - To incentivise bootstrapping of mAsset liquidity, utility and a decentralised community of Governors. - To act as the source of re-collateralisation if it is implemented in future after being approved by governors.
mStable was founded by James Simpson and Henrik Andersson, who met while at Apollo Capital. After working hands-on with several stablecoins and lending platforms, they began work to unite lending, swapping and saving into a single standard and attempt to solve various points of friction existing stablecoin users encounter. This project became mStable, with a genesis team of 9 people and a community of thousands lending their voice and votes to govern the protocol via decentralized governance.
Like most tokens, mStable Meta tokens have a fixed maximum supply. This is set at exactly 100,000,000 MTA and will never increase beyond this point unless the community votes to mint more. This total supply has already been fully minted, and the emission schedule is public and granular.
Of the total supply, ~20% of tokens are being distributed to investors, ~14% to team and advisors, and ~6.7% to institutional liquidity miners. Overall, over half of all MTA are reserved for public rewards and staking, distributing Meta to those who provide liquidity and participate in its governance. ### What Makes Meta (MTA) Unique? The Meta token aims to coordinate decentralised governance by incentivising stakeholders to act in the best interests of mStable. Meta holders will be incentivised to maximise the overall growth, use and stability of mStable given: - Governance decisions are shifting to a community-based proposal system as mStable decentralises. Only changes that have passed through a Snapshot vote can be implemented. - Once fully built out, the proposal system will automatically govern the parameters of and execute actions in mStable, encompassing the: - addition/removal of mAssets; - addition/removal of bAssets and their max weights, - addition/removal of underlying lending markets for bAssets, - redemption and minting fees; - selection of oracles (if needed); - upgradability of system modules, such as Re-collateralisation and Governance In order to vote today, users must stake MTA in order to receive vMTA. Their voting power is based on the amount of MTA staked and the staking period selected, with voting power diminishing over time. You can read more here.
Learn more about mStable’s first stablecoin, mUSD, here.
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|Market Dominance||No Data|
|Fully Diluted Market Cap||No Data|
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All Time High
Aug 31, 2020 (5 months ago)
All Time Low
Dec 27, 2020 (20 days ago)
|Circulating Supply||14,654,338 MTA|
|Total Supply||99,995,833 MTA|
|Max Supply||No Data|