Metaverse ETP: cryptocurrency rates to the ruble

What is Metaverse ETP

Metaverse is a blockchain platform with a huge range of functionality. As the developers say, Metaverse should become a “virtual reality,” a “second world” in which users will be able to create their own tokens, exchange them, confirm their identity, confirm property rights, conduct ICOs, and so on. In many articles and blogs, Metaverse is seriously called a competitor to the Ethereum platform.

There is an opinion that Chinese sanctions against cryptocurrencies should not ban crypto, but limit it within China in order to give the opportunity to grow their own projects like Metaverse and NEO. We all know what the Chinese Internet is with its monopoly on internal services, so the idea of ​​China protecting its cryptocurrencies does not seem so unrealistic.

Actually, the name is taken from the famous book Snowcrash by Neal Stephenson. Stevenson described a parallel world - an online virtual reality in which everyone has an avatar. In this world you can socialize, buy and sell. He wrote this book in 1992, and here we are living in this time. I spend 12 hours a day online. We socialize, buy and sell online. In China, if you are not on WeChat, then you can say that you are not there. This is the Metaverse. We live here.

Metaverse ETP Converter

You can buy Metaverse ETP (ETP) profitably on the following exchanges:

KuCoin ( you can buy ETP here for BTC, USD or ETH ); You can buy Bitcoin or Ether profitably here . More details here.

Metaverse ETP is a project whose pinnacle of development is an absolutely limitless virtual world. The team of developers led by Eric Gu is creating not just a means of payment, a platform for smart contracts or a blockchain bank, they are creating a blockchain ecosystem with enormous functionality. The entire ecosystem is naturally based on a system of smart contracts, and Metaverse is considered a serious competitor to Ethereum in China, just like NEO. Among the really great functionality, the following opportunities should be highlighted: creation and management of your own tokens, blockchain identification of a person, identification of any property.

Eric took the name of the platform and its basic principle of operation from Neal Stephenson, or more precisely from his book “Avalanche” (“Snow Crash”). There will be two main figures operating within the Metaverse - the Avatar and the Oracle. An avatar is an ordinary user of an ecosystem (a person, a group of people, a company, a state, etc.). Theoretically, you and I can act as an avatar. Each avatar will have its own property, which we can digitize from the real world. The system of relationships between avatars will expand every year in the future. From the exchange of property at the early stage of the platform to mutually beneficial cooperation in the future. An oracle is an avatar endowed with the ability to digitize identity, property, etc. Theoretically, these could be government companies. institutions, banks, heads of state, etc.

In the future, the avatar-oracle-avatar relationship should look like this:

You need to create an avatar, identifying your identity - you are heading to a government agency in your city, which acts as an oracle in the Metaverse world. This institution confirms that you are truly you and registers you in the ecosystem.

You need to digitize your car, house or any other value - you go to the bank branch in your city, which acts as an oracle in the Metaverse world, provide documents confirming ownership of this value and receive it in digital form.

Of course, this explanation is very primitive and crude, but the gist is something like this.

Cryptocurrency will act as a tool in this system. Mining is present on the network. 30 million coins, that is, 30% of the total emission volume, will be mined using the Ethash algorithm and the PoW consensus mechanism. 25% are provided to ICO participants. Another 25% is reserved for ecosystem development and the Metaverse Foundation. Well, the remaining 20 million coins are allocated for accruing interest on deposits. The fact is that within the ecosystem, users can deposit their tokens for storage, similar to a deposit account in real banks. It is from these 20 million coins that interest on deposits will be accrued.

How does Metaverse work?

How to build a virtual world on the Internet, also using blockchain, so that the information is reliable and securely stored? To implement data verification and relationships between users, developers are creating fundamentally new structures in the blockchain industry, such as avatars and oracles. So what is Metaverse? Metaverse is a platform that combines the functions of such systems as Bitcoin, Ethereum, Civic.

Metaverse is a decentralized public smart contract ecosystem that will allow users to create their own assets using so-called avatars . Each user can have an infinite number of avatars on the Metaverse network. An avatar is a representative in virtual space that can represent a person, company, application or unit in the Internet of Things. Each avatar can have an infinite number of assets at its disposal. Each asset can be owned by one or a group of avatars.

To confirm information that appears on the Metaverse network, special algorithms called Oracles will be used. An oracle can be a government agency that can confirm or deny information about the user or his assets. For example, a bank can verify that you own stocks or other valuable assets, and another government agency can verify that you are you in the real world.

Thus, Metaverse plans to transfer all possible information about users and their assets to the blockchain for the entire world population.

It must be said that for now this is just a project and Metaverse only has its own working blockchain and part of the primary functionality. But the idea itself looks grandiose, especially against the background of many dying useless altcoins. The implementation of at least part of the team’s plans will inevitably lead to an increase in the value of Entropy’s own cryptocurrency (ETP).

Metaverse

Metaverse (ETP) is a decentralized open platform for digital assets and digital identity.

Metaverse is a leading public blockchain based in China. Designed to support the cost-effective and convenient translation of digitized personal data and assets with unprecedented security and privacy, Metaverse aims to revolutionize the way financial services are delivered and process transactions and improve outdated and ineffective identity services through a network of digital assets, digital identities and intermediary oracles.

Rate as of 08/14/2020

• Rate:
  0.175998 USD
• Symbol:
  ETP
• Rating (CMC):
  420

Features of Metaverse

• Trade code: ETP
• Total quantity: 100,000,000 ETP
• Block time: 24 seconds
• Programming language: C++
• Consensus algorithm: PoW+PoS
• Allocated to system operating personnel (PoW mining): 30 million ETP

Algorithm

Digital assets

Physical assets can be digitized to improve market efficiency and selling price while being linked to the Internet of Value.

Avatar – Digital ID

Digital identity is an important concept for sharing information and assets, connecting people, businesses and the Internet of Things (IOT).

Oracle - Value Broker

Value intermediaries enable the connection between the physical world and the virtual digital world. They create “smart property” on the blockchain, prove the connection between individuals and avatars, and serve as regulators that oversee transactions on the Metaverse.

A digital identity is a common name assigned to account profile information and consistent with a master private key that belongs to the user. Each profile has a unique identifier called DID. There is a one-to-many relationship between master private keys and digital identities, and any entity (individual, organization, etc.) can create a digital identity and associate it with its master private key. Additionally, profiles can also provide efficient chains of evidence, allowing users to issue assets on the blockchain and use authorization and query functions.

How does a digital ID work?

BaaS concept

The BaaS concept was first proposed by Metaverse. Enterprises or individuals can customize blockchain services for blockchain solution providers according to their actual needs. Metaverse's BaaS platform is primarily aimed at business users, such as individuals or companies with transaction and asset management needs. Business users can no longer be grouped together as before, so a BaaS platform must be able to meet the requirements of any digital identity.

BaaS platform

Metaverse Foundation

The Metaverse Fund aims to maintain the liquidity of ETP and its effectiveness as an economic vehicle. The principles of investment and management of the fund are based on the development of all industrial connections determined by the Metaverse blockchain.

Target:

1. Community member support.
2. Support the promotion of products, projects and community ideas.
3. Investing in projects to create commercial applications on the Metaverse blockchain.

Team

Founder and CEO Eric Gu. Eric is an experienced developer and founder of ViewFin , which develops the Metaverse project. He has 12 years of development experience in the USA and Canada, as well as 4 years of work in China, as one of the co-founders of the Antshares project. Today this project is known as NEO and it has the largest capitalization among all Chinese projects. Actually, Eric came up with the name Antshares. According to some sources, Eric is also associated with the early crypto project MasterCoin.

All this indicates that this person knows and understands the crypto industry. He most likely knows how to confidently lead and will be able to lead his own project to success.

Hao Chen. CTO with more than 15 years of programming experience, including working for companies such as Microsoft and Zynga.

Janice Shi . He is mainly involved in negotiations with stock exchanges and public speaking at conferences.

ViewFin has a total of 82 employees, as stated on their official Linkedin page. The Metaverse project is being developed by 6 dedicated developers. The team is very active and in the official channels you can see very frequent updates and reports on the work done and progress. The team also often speaks at conferences and meetups.

Creation and release of tokens

Users can create their own digital currency using Metaverse Wallet. Metaverse Blockchain allows you to register, issue digital assets, and transfer their value into the ecosystem.

All digital currency issued on the Metaverse public block will be visible in your wallet (All Assets tab). Enter the digital currency type, amount to be issued, decimals, additional asset details and confirm your intent.

Please note that assets are created locally and are not registered with Metcherse Blockchain. There is no fee to create an asset.

Activity in the media space

The team uses all possible channels on the network, including even Instagaram! Below are some of the official communities of the Metaverse project.

Facebook: https://www.facebook.com/mvsofficial/ Telegram: https://t.me/Metaverse_Blockchain Discord: https://discordapp.com/invite/ubgMRts Reddit: https://www.reddit.com/ r/Metaverse_Blockchain/ Twitter: https://twitter.com/mvs_org Github: https://github.com/mvs-org/metaverse

This is a very good indicator, since transparency and accountability are a positive factor for investors. The community should know in detail what is happening in the project. In addition, you can ask any questions you have and get answers from the Metaverse development team.

Metaverse is actively promoting its own ETP token on exchanges. The token is currently traded on Bitfinex and HitBtc. It should be said that there has not yet been a listing on large platforms , which means that the potential for growth in the value of the ETP token is simply huge!

Advantages of the Metaverse platform:

Good development team. Eric Gu, who is the founder of the platform, is an authoritative figure in the Chinese blockchain industry. In addition, his staff includes Hao Chen, who has extensive experience, incl. at Microsoft;

Development in a Chinese vacuum. Because The platform comes from China and has very good development prospects. The fact is that this state in every possible way stimulates the development of its own products, an excellent example is the Chinese Internet;

Privacy. Even though personal identification will potentially be required to create an avatar, this data will be strictly encrypted for prying eyes;

Weekly report. The development team publishes a progress report every week. This helps to monitor the development of the platform and assess its prospects.

Why Metaverse ETP Will Take Off

Many articles and blogs devoted to the review of this project very often compare the capitalization of the closest similar projects to Metaverse: NEO (Antshares) and Civic (CVC). Indeed, if you look at their capitalization, it will be clear that everything is just getting started for Metaverse, and now there is a good opportunity to invest in this project. We will not provide data on the capitalization of these coins here; you can find this yourself on coinmarketcap or other sources. The project is young and is at the very beginning of its journey. There has not yet been a listing on a major exchange. There was no strong hype associated with Metaverse either. We can assume what will happen to the price of the ETP cryptocurrency when it is added to platforms like Binance or Huobi.

Metaverse ETP Platform

Some analysts talk about Metaverse ETP as a Chinese version of Ether. Such a comparison, although not unreasonable, is not entirely true. The development of the platform is largely aimed at monetizing assets and functionality related to managing these processes.

To solve the assigned tasks, the development of Metaverse ETP is carried out in the following areas:

• personal identification - creating a kind of user passport to record ownership rights and transactions;
• creation of a digital asset - any real-world value can be transferred by the user to a digital version;
• exchange and configuration of access rights - tokenization of assets allows you to own them using a simplified algorithm, transferring or selling your rights to new owners.

One of the key aspects of the Metaverse ETP system is the functioning of oracles. These nodes are designed to confirm personal identification and compliance of the created digital values ​​with their real counterparts.

Oracles can be any users who have passed the appropriate registration. Typically in Metaverse ETP they are represented by banks, large companies and other organizations that can prove their integrity and earn the trust of users.

The entire Metaverse ETP infrastructure is built on the functioning of internal tokens. With their help, digital assets are registered, fees for financial transactions are paid, and inter-user payments are made. As the platform becomes more popular, this digital money can become a profitable investment tool.

To manage cryptocurrency and digital assets, Metaverse ETP users are offered a specialized wallet. The advantage of its functionality is simplified data recovery due to binding to user identification. At the same time, the owner of the wallet can create an unlimited number of addresses to work in the desired directions.

Weak spots

There are two real factors that can stop or slow down the development of Metaverse:

• A complete ban on cryptocurrencies and everything connected with them in China. This situation seems unlikely, but there is a chance;
• The emergence of a real, stronger competitor that will overtake Metaverse in development or offer the same or even better functionality. This development option seems more realistic. Moreover, the Metaverse team has been somewhat fussy with updates lately.

Metaverse ETP: cryptocurrency rates to the ruble

Current cryptocurrency rates to atmchain – monitor fluctuations online. Information comes from the largest exchanges and is processed in real time. You can see exchange rate changes for most of the most popular fiat currencies. Online charts, automatic converter and news will allow you to quickly navigate the current market trends in the relationship between atmchain and cryptocurrencies.

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Estimate!

6.12

10010

ETP cryptocurrency exchange rate to dollar and ruble

At the time of writing this review (April 20, 2018), the ETP coin rate is 1.2 USD. The capitalization of this cryptocurrency is 46.4 million USD, and the trading volume is increasing. Now is a very good time to enter the asset, as ETP is showing good dynamics.

Metaverse (ETP) cryptocurrency rate growth

UPD: As of mid-August 2020, the Metaverse cryptocurrency (ETP) is showing continued abnormal growth. We can say that this is one of the coins that goes against the trend, since now everything is at the bottom due to the global correction.

If you heeded my recommendation and bought a coin at the end of April, then you have now made almost x3.

It’s safe to say that this is only the beginning of the project’s rise. We will see the strongest price increase after a global change in the market trend, which will begin very soon. Now is still time to buy Metaverse cryptocurrency (ETP) for the long term.

Wallet

The wallet for this coin is a little unusual since it uses the browser as a graphical shell. First, download it from the official website by clicking on the “Wallet” tab in the top menu.

Next we will be transferred to the section of the site where there are links to download wallets.

After the file has been downloaded, launch it and the program opens the page of the browser that you have installed by default. By default, everything is in Chinese, but there is a switch at the top to English. Now click on the “Create account” button.

Enter the account name and your password.

After the system will provide a mnemonic code consisting of 24 words, we copy these words to a safe place, since you will need to enter it later.

Next, a window will appear in which you need to manually enter all the words from the mnemonic code.

We have all completed registration and can now open our wallet. Now let’s go to the “Addresses” tab, where we can find the address of our wallet.