What Is Metabit?

Metabit is a large-scale commercial high-performance blockchain platform. The concept of the Metabit Network is to be application-oriented and serve the ecology. It focuses on developing general commercial applications and forming an ecology based on providing a strong, secure, autonomous blockchain operation network. Based on this concept, the MetaBit network integrates EVM, provides the development capability of the Metabit App, and implements any Metabit System based on the App to correspond to various commercial systems.

BMTC is the native utility token that is used for:

DEX pool for tokens liquidity
	Token earning in staking (DeFi & NFTFi)
	Incentive program: any user who purchased over $100U values of ANTIS coin, will get a 5% additional of invited user purchased.
	DAO governance
	Ecosystem development with product owners in the community such as LP, NFT marketplace, GameFi

BMTC tools include: 

Mobile wallet for node and consensus staking. Validator and delegator.
DEX SWAP 

How Many BMTC Are There in Circulation?

Metabit Network launched its mainnet on April, 2023 with 1 billion BMTC fixed amount tokens created at genesis. 
1.BMTC Allocation
Allocation: Foundation - 120 million,
team building - 100 million,
IDO - 10 million,
pinstitutional round - 70 million,
seed round - 20 million,
mining rewards - 680 million.
2.Token burning
The foundation will repurchase and burn BMTC tokens at specific times through ecosystem construction to manage the token price and utilization.
3. Foundation
To develop ecosystem, build developer communities, project grands, and balance token profits.
4. Reflow pool and Business Revenue Pool
Reflow pool: Used to acquire excess block rewards, which can be used for token burn and token management.
Business Revenue pool: business revenue such gas fee, node management fee.
5. Gas distribution model
50% of gas fee is distributed to validators, 40% to the foundation, and 10% to the incentive pool (as ranking rewards for staking).
6. Mobile wallet reward model
6.1 Mining amount: 340 million.
6.2 Release rules: Halved every 4 years.  
6.3 Staking rules: The minimum staking unit is 10 BMTC, and the maximum staking unit is 999 BMTC. 
6.4 Unstaking rules: User can unstake at any time. Principal will be returned after 21 days, and interest earnings will stop on the day of unstaking. 
6.5 Expected earnings and withdrawals: 20% APR, earnings can be calculated and withdrawn at any time. 

Who Are the Founders of Metabit Network?
Founder - Adam L
•	Metabit founder and Web3 Influencer 
•	Adam has been involved in the operation of multiple well-known Web3 public chain projects, including early contributors and node holders for ETH, EOS, Polkadot, and XRP.
•	Adam also has participated in and operated multiple Web3 projects, receiving investments from Binance Lab, Animoca Brands, OKX Ventures, Kucoin Ventures, and others. Adam have extensive experience in Web3 public chain operations.

Co-Founder  Michael L
•	Metabit co-founder, PMO
•	Michael is experienced product manager for 5 years, he worked at Binance Labs and worked as project manager at Bybit to participate the BitDAO design and development. Michael is also a senior researcher for cutting-edge DeFi projects. Michael has extensive experience in Web3 projects and has successfully led over 10 Web3 projects to launch in past 5 years. 

Where Can I Buy BMTC?

BMTC is available for trading on Bitget. 


What Makes Metabit Network Unique?

• METABIT's unique MPOAS consensus mechanism has created the capability for mobile mining with multiple nodes, including super nodes and light nodes. Users can register as validators or delegators. METABIT's presale has successfully sold 2000 validators at a price of 599U, resulting in a staking amount of $1 million. Following the successful mainnet launch in April 2023, METABIT proceeded to sell validators at a price of 5999U each, accompanied by a management fee of 140U. This arrangement is expected to generate a substantial and reasonable revenue income. Looking ahead, METABIT envisions the sale of 1000-2000 light nodes in the future, which is projected to generate $5 million to $10 million on the secondary market. This forecast reflects the potential for significant revenue growth and market expansion for METABIT. • METABIT’s unique technology innovation involves ZK rollup and MLSD. ZKRollup enables the METABIT network to transition from Layer 1 to Layer 2. M-LSDP (METABIT Liquid Staking Derivatives Protocol) An innovative initiative undertaken by the METABIT team to enhance the METABIT Proof-of-Stake (POS) mechanism at the protocol level. This protocol aims to introduce a liquid staking derivatives (LSD) model within the METABIT ecosystem. By integrating this model, users will have the opportunity to participate in staking activities while maintaining liquidity for their staked assets. The METABIT team will focus on implementing this LSD model at the protocol layer, ensuring the seamless interaction between staking and liquidity. This approach not only promotes the engagement of users in the staking process but also adds a layer of flexibility and efficiency to the METABIT ecosystem, fostering a vibrant and dynamic staking environment. Finally, the METABIT network integrates EVM, provides the development capability of the METABIT APP, and implements any METABIT System based on the App to correspond to various commercial systems. • Currently, the METABIT Community has achieved a significant milestone with a total of 160,000 activated wallet addresses. As part of its growth strategy, METABIT aims to expand its community even further, targeting a range of 200,000 to 600,000 members. This expansion initiative is expected to result in the activation of an estimated 300,000 active wallet addresses. The increasing number of active wallet addresses signifies the growing engagement and participation within the METABIT ecosystem, demonstrating the community's enthusiasm and support for the platform. • METABIT boasts a remarkable transaction per second (TPS) rate of up to 70,000, accompanied by relatively low gas fees. This high TPS capacity ensures efficient and fast transaction processing, providing users with a seamless experience while maintaining cost-effectiveness through reduced gas fees. Other than that, the METABIT network integrates EVM, provides the development capability of the METABIT APP, and implements any METABIT System based on the App to correspond to various commercial systems.

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Its users can transfer and swap their assets across many different chains, including layer 1, layer 2 and sidechain ecosystems.

The project aims to improve inter-blockchain compatibility by helping its users move their assets between different networks more efficiently. In order to securely transfer its users' assets to and from different ecosystems, while maintaining slippage, liquidity pool balances, and transaction prices, Synapse uses a stableswap algorithm.

The Synapse ecosystem is made up of six parts: the Synapse Bridge technology, the cross-chain AMM, aggregative cross-chain communication, the SYN token, the Synapse Chain, and optimistic security approaches.

With Synapse’s generalized messaging system, any arbitrary data can be sent across chains in a secure and seamless way. Applications no longer have to be separately deployed across multiple blockchains; they can be deployed on a single chain and communicate with other chains to create the exact same user experience from one central application layer. Generic message passing also includes smart contract calls, enabling smart contracts on different chains to easily interoperate with one another.

Synapse Bridge allows users to seamlessly swap on-chain assets across 15+ EVM and non-EVM blockchains in a safe and secure manner. The bridge supports two types of bridging: Canonical Token Bridging — bridging of wrapped assets across chains; Liquidity-based Bridging — bridging of native assets across cross-chain stableswap pools.

Synapse Chain is an Ethereum-based optimistic rollup designed to serve as a sovereign execution environment for cross-chain use cases. Synapse Chain will offer developers a generalized smart contract interface for building natively cross-chain use cases by leveraging Synapse’s cross-chain messaging system. Applications built on Synapse Chain will be able to execute their business logic across any blockchain.

Synapse supports multiple EVM-compatible blockchains and is integrated with nearly 18 layer-1 and layer-2 chains, including Ethereum, Optimism, Arbitrum, Harmony, Avalanche, Polygon, Moonbeam, Fantom and BNB Chain.

Synapse

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The protocol is a publicly available, incentivized blockchain database that allows users to interact with each other and earn in return. It leverages technologies from both social media and cryptocurrency to provide users with value. The network ensures the fair treatment of contributors by running a reward structure that reflects each user’s contribution.

Steemit is the first app that was built on the Steem blockchain, and it launched on July 4, 2016. The protocol aims to provide value for its community of users in the following ways:

To provide thoughtfully chosen news and commentaries.

Creating an opportunity to earn.

As a source that offers answers to users’ inquiries.

Offering a stable cryptocurrency pegged to the USD.

Steem

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IRISnet is a service protocol and cryptocurrency, which was officially launched on Mar. 1, 2019. The primary purpose of the IRISnet protocol is to provide a blockchain-based, open network to small and medium businesses that are offering a wide variety of services.

According to the official IRISnet Whitepaper, the protocol aims to employ different public and consortium blockchains to bring the power of decentralized, open networks to thousands of businesses and freelance service providers. Interestingly, IRISnet was named after Iris, the personification of the rainbow and the messenger of the Gods in Greek mythology.

IRISnet

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dHedge DAO

The Bitcoin Standard Hashrate Token (BTCST) was launched on Binance Smart Chain (BSC) on Dec. 13, 2020. It is collateralized by Bitcoin’s (BTC) hashrate, with each token representing 0.1 TH/s of Bitcoin mining power at an efficiency of 60 W/TH. As such, miners contribute their computational power to the platform in exchange for newly minted BTCST tokens.

BTCST’s goal is to bridge liquidity to Bitcoin’s mining market. This will allow users to get exposure to mining rewards and hashpower of any size, at a low cost. The ultimate goal of the app is to increase the liquidity and efficiency of mining power markets.

Bitcoin Standard Hashrate Token

Cloudbric

Hifi is a decentralized finance protocol that allows people to lend and borrow crypto at a fixed interest rate.

Hifi is made up of decentralized interest rate markets that mature on specific dates. Hifi markets use an Automated Market Maker model, in which users supply tokens to “liquidity pools” and an algorithm sets the interest rate based on supply and demand.

Users supply liquidity, borrow, or lend into any of the active markets. Borrower’s pay a fixed interest rate to lenders without needing to negotiate terms like maturity, interest rate, or collateral. By supplying tokens to liquidity pools users can earn rewards while enabling peer-to-peer lending and borrowing.

Hifi Governance is the community organized process for managing the Lending Protocol. HIFI is an ERC-20 token that gives its owner the ability to delegate voting rights to any address, including their own. The delegate's voting rights are automatically adjusted when the owner's token balance changes. Hifi Governance enables the community to propose, vote on, and implement changes via the administrative functions of the Hifi Protocol. Proposals can change system parameters, support new markets, add entirely new collateral types, or deploy resources towards specific causes.

Hifi was originally known as Mainframe when it launched in Nov. 2017. Mainframe began as a decentralized communications layer for Web3 but pivoted to Decentralized Finance and rebranded to Hifi in early 2020.

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