Značka: Metaverse

Stratis (STRAX) gains 200%+ after Sky Dream Mall metaverse and stablecoin announcement

Bear markets can be incredibly harsh for projects that have little adoption or lack an applicable use case, but projects that dedicate to building regardless of market sentiment tend to succeed in the next market cycle.One project that has seen a noticeable boost in volume, despite the wider-market downtrend is Stratis (STRAX), a blockchain development platform designed to help enterprise businesses establish their own blockchain in a simplified manner. Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $0.365 on June 15, the price of STRAX has rallied 220% to hit a daily high of $1.20 on June 29 amid a surging 24-hour trading volume. STRAX/USDT 1-day chart. Source: TradingViewHere are three reasons why the price of STRAX is rallying this week as the wider crypto market continues to struggle. Metaverse launch entices volumeThe Metaverse was one of the hottest topics during the bull market of 2021 and the concept continues to be a driving force behind mass adoption in the crypto space.Prior to the recent STRAX price rally, the team behind the protocol teased the upcoming launch of Sky Dream Mall, a metaverse project that is powered by the Stratis blockchain. Sky Dream Mall, a metaverse powered by Stratis Blockchain Coming soon! #metaverse #metaverseland #nftcommunity #nftartwork #vaperwave #stratis #Cryptocurency .@StratisphereNFT .@stratisplatform .@Stratis_Faction pic.twitter.com/TpmhGDpKvz— Polycarbon Games (@Polycarbongame) June 25, 2022The protocol has been experiencing growth within its nonfungible token (NFT) and GameFi communities, thanks to projects like The Astroverse Club and Trivia Legends. Stablecoins and NFTsAlong with the growth on the Metaverse front, Stratis could also be getting a boost from its plan to launch a Great British ound Token (GBPT) stablecoin. The GBPT stablecoin is being developed in conjunction with Price Waterhouse Coopers (PwC), which is helping Stratis complete the Financial Conduct Authority (FCA) registration process. PwC will also provide future auditing services when the GBPT stablecoin is eventually released. The team is also working on a ticketing management system that will allow NFTs to be used to validate entry, and store benefits and perks for designated events and venues. Related: Governments, enterprise, gaming: Who will drive the next crypto bull run?Outreach in UgandaA third factor helping to bolster the price of STRAX is the ongoing development of a blockchain innovation center in Uganda, which aims to increase blockchain knowledge and awareness. The project began after Stratis entered a long-term partnership with the Foundation of King Oyo, the current monarch of the Tooro Kingdom in Uganda.The foundations have been laid for the Stratis blockchain innovation center in Uganda as part of the Stratis global expansion.#blockchain #dotnet #Stratis $STRAX pic.twitter.com/nIBl0IEsBk— Stratisplatform (@stratisplatform) May 24, 2022

Construction of the center began on May 24 and the most recent update on the project was posted on June 27 showing that the foundation for the center is nearing completion. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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Citi calls out potential risks of crypto-backed mortgages and benefits of metaverse property

Investment banking giant Citigroup has released research on how property technology could affect the housing market, mentioning virtual estate in the metaverse and cryptocurrency-backed mortgages.In a report released Wednesday titled, “Home of the Future: PropTech — Towards a Frictionless Housing Market?” Citi said crypto, blockchain and property in the metaverse had the “potential to transform the traditional real estate market.” While crypto-backed mortgages could streamline the process of purchasing a home, many individuals have seen investments in metaverse property grow in the last two years.Citi reported that property loans linked to crypto assets could allow investors to “utilize their investment gains” without incurring capital gains taxes, but commented on the potential for risk in a volatile market. While many standard loans linked to fiat have regulatory procedures in place to assess the ability of a borrower to repay, crypto holders could be forced to pay significantly more should the price of tokens fall during a bear market.“If the value of the cryptocurrency declines, the borrower may be subject to margin calls and ultimately the cryptocurrency may be liquidated if the collateral value falls below a certain threshold, such as 35% of the property value,” said the report. “Introducing cryptocurrency exposure into the credit profile arguably increases the overall risk of the loan.”In addition to purchasing physical property, the Citi report commented on the potential benefits of owning and monetizing “digital real estate” in the metaverse. Specifically, researchers detailed how individual and corporate owners of the virtual property in The Sandbox (SAND) — called LAND — have treated the metaverse as an investment akin to property in the real world, with prices rising from roughly $100 per LAND in January 2021 to as high as $200,000 a year later:“Given the nascent nature of the virtual real estate environment, many of the purchasers of LANDs lack concrete plans to cultivate the properties and are simply speculating on the platform’s future growth and thus LAND price appreciation.”LAND is a piece of virtual real estate within The Sandbox #Metaverse. Owners can build and create fun experiences on their LAND in any way they want. pic.twitter.com/wgdFCOkAS6— The Sandbox (@TheSandboxGame) May 11, 2022Related: Propy partners with Abra to provide crypto-backed real estate loansThe banking giant is not the first to consider the risks in crypto-backed mortgages. Prior to the recent bear market, Florida-based ratings and research firm Weiss Ratings warned investors that the falling price of Bitcoin (BTC) in addition to the performance of stocks, rising interest rates and the Federal Reserve’s policy changes could potentially make crypto mortgages a losing bet.

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KPMG enters the metaverse, invests $30M in Web3 employee training

KPMG, one of the Big Four accounting firms in Canada and the United States, has revealed the opening of its first metaverse collaboration hub to help its employees and clients pursue growth opportunities in the digital era.KPMG is entering the metaverse with a new collaboration hub that will connect employees, clients, and others with Web3. The company is making a collective $30 million investment this year in Web3 experiences, with the metaverse hub as the “signature piece.”According to a Tuesday report by Fortune, the hub will be focused on education, collaboration, training, events and workshops with Cliff Justice, KPMG U.S. leader of enterprise innovation claiming that it is presently being utilized for such things but that KPMG intends to hire people to build it and expand it over time.The long-term objective for the company is to examine other potential metaverse use cases such as health care, consumer, retail, media and financial services. Global spending in the #metaverse could reach $5 trillion by 2030❗#eCommerce and #VirtualAdvertising are expected to be the main source of income in the space.What do you think❓Read the full @McKinsey report on @Cointelegraph https://t.co/zrakjjxoja pic.twitter.com/yfwDFHyAkw— THE RELEVANCE HOUSE. (@RelevanceHouse) June 28, 2022Laura Newinski, deputy chair and chief operating officer at KPMG in the U.S., said:”The metaverse is a market opportunity, a way to re-engage talent, and a path to connect people across the globe through a new collaborative experience.”The companies will continue to explore possibilities in the crypto and Web 3.0 space, co-create new tools and solutions that provide critical insights, launch immersive learning and development platforms, recruit talent to contribute knowledge and help navigate the changing confluence of the physical and digital worlds, among other things, as part of its innovation strategy.Related: Yahoo launching Metaverse events for Hong Kong residents under restrictionsThe COVID-19 epidemic sparked people’s interest in the metaverse. There has been an increase in the desire for methods to make internet contact more lifelike as more individuals work and go to school online. JPMorgan, one of the biggest banks in the United States, made headlines earlier this year by publishing a paper suggesting metaverse technology was a “one trillion-dollar opportunity,” along with establishing its own virtual headquarters in the Decentraland (MANA) metaverse.

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Metaverse can’t be built on the corporate business model, says EY innovation lead

Magnus Jones, the innovation lead at big four accounting firm Ernst & Young (EY), believes that the Metaverse would be led by the younger generation and cannot be built on the same principles of the corporate business model.Jones’s comments came during an exclusive interview with Cointelegraph managing editor Alex Cohen at the European Blockchain Convention (EBC) 2022.The EY innovation lead shed light on the company’s investment strategy, explaining why a significant chunk has gone towards younger generation firms and startups. He said that many of these young firms have proven themselves with valuable products and revenues of millions of dollars.He said that the younger generation is currently driving the industry and explained:“We clearly are focusing heavily on understanding sort of the younger generations and also down to the fact that younger generations are building several key elements of this landscape.”Related: Metaverse fractional ownership to form similarly to property loans: Casper execTalking about innovation, Jones said that the age-old corporate business model won’t succeed in the Metaverse, and corporates and tech giants have to think beyond the existing mindset. “It’s not that easy necessarily to apply a traditional corporate mindset business model structure in this one.”He went on to talk about the nonfungible token (NFT) frenzy i and whether it’s necessary for established brands to experiment with nascent tech. Jones said that established brands didn’t focus on community building and just jumped on the trend, which sort of backfired. He explained:“GAP, for example, the UK clothing company suddenly launched an NFT collection out of the blue by having some golden sweaters, while they hadn’t spent any time on building any community, as far as what I notice from Twitter, people were thinking, is this just a fraud?”Jones said that younger generations would set the trend in the Metaverse and older generations have to sit back and take note.

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Catalonia is building its own metaverse, says innovation minister

Catalonian director-general of innovation Daniel Macro discussed some of the key efforts that the government has taken and worked on to make the region a digital hub in an exclusive interview with Cointelegraph’s managing editor Alex Cohen. Macro’s comments came during the European Blockchain Convention (EBC) 2022.Macro said the COVID-19 pandemic over the past two years has really helped in propagating the idea of the digital economy, which is a part of the main economy. He went on to cite the example of Europe which has moved to digitize the energy deal and several other digital deals. Related: Meta set to begin testing NFTs on Instagram Stories with Spark ARMacro took the charge as the director of the SmartCatalonia Government Strategy in 2014, overseeing the initiative to make Catalonia a “Smart Country” of note on the global stage. And with the advent of blockchain technology and metaverse, the minister is working towards creating a fully digital economy inspired by the physical world.He revealed that the government is working towards building a Catalonian metaverse called Cataverse. He explained:“Cataverse will be linked to the Catalan language and the Catalan culture. That is what we want to have in this metaverse, that Catalan entities that are doing things for the culture can do that in the metaverse .”The Catalonian Innovation minister went on to shed light on the government’s plans to make Barcelona the digital hub. He said a lot would depend on the talent and the government has passed several policies and university programs to cultivate that talent among the young. He said:“We have very strong policies to generate talent that are from university but also we are skilling programs like boot camps and other activities a lot because we need different profiles.”He added that the government is trying to get the mix of both i.e. cultivate new talent and attract more business with a friendly working environment.The minister when asked about blockchain projects that tourists can interact with in Barcelona, cited the example of a project focused on personal healthcare and a few others based on public transport.

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Can Metaverse technology enhance human-AI efficiency?

Conversational AI systems in the metaverse resemble human-to-human communication. Voice assistant AI has found its way to the metaverses of the new era, powering use cases like lifestyle assistance and personalized recommendations. For instance, rather than driving to a travel agency’s office or talking to their overburdened customer service, users can hop on the metaverse and take a tour of multiple awe-inspiring locations with the assistance of an AI-powered bot. An AI concierge in a metaverse is a personified machine that delivers unique recommendations based on the avatar’s preferences. Take into account the amount of data available on every person and you know the potential of this use case. Natural language processing in the metaverse makes it more personal than the real world. Voice AI can interpret avatar requests in a language that is more human and natural while factoring in individual tastes and preferences.  Speech technology has become more contextual and personalized, making the metaverse interface smarter in the process. For instance, Kai, the first AI concierge on Meetkai, has made voice assistance as easy as talking with a friend. Request a recipe for “steak” by saying, “Hey Kai, can you find me a nice recipe?” And you’ll receive the most delectable beef steak recipe in the world in seconds.

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Wire Network's new protocol aims to end Web3 interoperability woes

Layer-1 blockchain platform Wire Network announced the launch of its blockchain interoperability protocol called Universal Polymorphic Address Protocol (UPAP).In the Web3 ecosystem, which is comparatively nascent to the larger crypto market, the primary interaction occurs over digital goods and NFTs. However, the growing number of Web3 platforms lack interoperability which could be a huge roadblock to a seamless Web3 experience. Wire Network aims to change that with its universal wallet address protocol.Blockchain interoperability is the ability to share information across different blockchain networks without restrictions. With the evolution of the blockchain industry, hundreds of new protocols and blockchain standards have emerged. Thus, the interactions among different blockchains become complex. This is where interoperability helps in bridging that gap.The new UPAP protocol aims to address the interoperability problem in the web3 ecosystem. While there have been several interoperability solutions in the past, most of them were limited to a particular ecosystem or a particular issue such as liquidation and fund transfers. Interoperability can be achieved via different methods such as cross-chains, sidechains, proxy tokens, swaps, etc. Many blockchain platforms have focused on interoperability in the past, for example, Polkadot allows different blockchains to plug into a larger, standardized ecosystem while Cosmos employs an inter-blockchain communication (IBC) protocol to establish blockchain interoperability.Related: Why cross-chain interoperability matters for DeFiUPAP, on the other hand, promises to offer an interoperability solution with universal readable wallet addresses to send and receive nonfungible tokens (NFTs), perform cryptocurrency swaps, and add liquidity pairs across any blockchain.The interoperability solution gets rid of most of the complexities involved with existing solutions and requires no bridges or oracles. Anyone can integrate the UPAP wallet into a blockchain that uses Elliptic Curve Digital Signature Algorithm (ECDSA) cryptographic algorithm. Users will need to import the mnemonic code from their choice of wallet and UPAP would create a universal address, using which users can send any asset across any blockchain.

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A ‘very ambitious’ $100M Metaverse R&D hub is being built in Melbourne

Thailand based metaverse startup Translucia Global Innovation has partnered with the Australian software development firm Two Bulls and set aside an initial budget of $100 million to build a Metaverse Research and Development Center (MRDC) in Melbourne.Translucia is a subsidiary of art and entertainment company T&B Media Global which in October 2021 launched its “Translucia Metaverse” project, with a first stage investment of $283 million for the virtual world.Now, T&B are partnering with Two Bulls to build the MRDC to bring the project to life with a slated soft-launch for November this year.Two Bulls Founder and CEO James Kane told Cointelegraph that T&B undertook a worldwide search for a partner that could help realize the Translucia Metaverse project“There was an understanding there would need to be significant research and development,” he said. “It’s a very ambitious project.”A series of conversations between the two organizations this year resulted in the realization that Two Bulls’ best role would be in as a hub for research and development (R&D) to help build it.“We’ve been there really early on in the conversations around the innovative elements of this metaverse project. What it’s going to look like, what the experience is going to be and what sort of technology platforms it’s going to run on.”“The center itself is really an extension of what Two Bulls already does,” added Kane.Melbourne’s skilled local workforce and an R&D tax incentive of up to 45c for every eligible $1 spent helped seal the deal. “The R&D incentives we receive is a decisive factor in T&D setting up a center like this in Australia”What they need to researchA lot of new areas will need to be explored for the project not only in terms of hardware and software, but in the system’s economics and gamification also. Part of the project will focus on improving the energy consumption of the metaverse also.The MRDC will focus on the technology, creating demonstrations to get feedback from users and creating what he calls a “GDD”, or Game Design Document.“It’s much bigger than that because we’re really designing a whole world. It has to have a functional economy, it has to be properly moderated, it has to have all of these different components that is going to make it an enjoyable place to be.”Related: Metaverse could be worth $5 trillion by 2030: McKinsey reportDespite much work to be completed before the MRDC and the metaverse opens, Kane says there’s already plenty of interest. He gave the example of Magnolia Quality Development Corporation, a large Thai property development company who have already signed on to be a “galaxy”.“Within the metaverse there will be ‘galaxies’ and some businesses have already signed on to be galaxies within that larger metaverse […] T&B are having conversations with dozens of others and there’ll be announcements around that.”Kane said a notable difference to other metaverses like Decentraland and Sandbox was that the Translucia metaverse was committed to sustainability, and has a more people friendly vision. He discussed some of the concerns about the philosophy and vision of some other unnamed metaverses, saying:“A lot of metaverses are around profiteering and opportunism, whereas in this metaverse there really is a strong central vision around putting people first before coins, putting people before profit, and putting the environmental concerns before profit.”

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Meta set to begin testing NFTs on Instagram Stories with SparkAR

Instagram’s parent company Meta announced Wednesday that it will begin testing NFTs on Instagram Stories using its augmented reality platform SparkAR.CEO Mark Zuckerberg said of the announcement, “We’re expanding our test so more creators around the world can display their NFTs on Instagram.” The company also mentioned in a recent article,  “Creators and collectors will be able to share their digital collectibles across Facebook and Instagram after we begin rolling out the feature on Facebook with select US creators at a later date.” Zuckerberg confirmed that Facebook is set to support NFTs in the future:“We’ll bring this feature to Facebook soon too — starting with a small group of US creators — so people can cross-post on Instagram and Facebook. We’ll also test NFTs in Instagram Stories with SparkAR soon.”In May, Meta released digital collectibles described by the company as “a brand-new way for consumers and creators to share NFTs on Instagram.”Earlier this week, Meta also announced it would join with other tech companies to create a metaverse standards body. The group intends to build the next version of the web and develop a shared ethos for Web3 and the metaverse. Some of the companies who joined the initiative include Adobe, Epic Games, Microsoft, Nvidia, and Qualcomm; Apple was noticeably missing from the pack.Meta isn’t the only company looking to integrate NFTs. It followed social media competitor Twitter, which brought NFTs to its platform back in January. Twitter’s NFT support allowed users to link ether-based wallets to their accounts and display their art as profile pictures. eBay recently acquired Ethereum based NFT marketplace KnownOrigin, expanding its foray into Web3. Even existing DeFi companies like Uniswap are beginning to make moves into the NFT and metaverse markets with their recent acquisition of the NFT aggregator Genie.

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Metaverse could be worth $5 trillion by 2030: McKinsey report

Global spending in the metaverse could reach $5 trillion by 2030, according to a new report from international consulting firm McKinsey & Company. Published yesterday, the 77-page report titled “Value Creation in the Metaverse” analyzed current adoption trends and drew additional insight from two global surveys; one gathered data from 3,104 consumers across 11 countries, while the other polled a range of executives from 448 companies across 15 industries in 10 different countries. McKinsey used this data to predict that the future of consumer behavior in the metaverse will most likely be divided into five primary activities: gaming, socializing, fitness, commerce and remote learning. McKinsey found that nearly 60% of all consumers surveyed prefer at least one activity in the virtual world compared to its physical alternative, and 79% of consumers that are currently active in the metaverse have already made a purchase.E-commerce will be the primary cash cow in the metaverse, with McKinsey predicting it to make up anywhere from $2 trillion to $2.6 trillion of all spending by 2030. Virtual advertising will be another major sector, with associated revenue expected to make up another $144 billion to $206 billion.Flying in the face of the current pessimism in the conventional crypto market, the report highlights that in the first five months of this year, more than $120 billion has already been invested into metaverse-related technology and infrastructure — more than double the total $57 billion invested in metaverse tech throughout the entirety of 2021. In an associated blog post, the lead authors of the report and McKinsey senior partners, Lareina Yee and Eric Hazan, gave additional comments on their research.“What’s exciting is that the metaverse, like the internet, is the next platform on which we can work, live, connect, and collaborate.”Speaking about the response from executives, Yee added, “Executives often don’t agree on very much, but our research shows they overwhelmingly agree on one thing: 95% of them believe the metaverse will have a positive impact on their industry.”The report added that 25% of all executives said they expect the metaverse to drive 15% of their organization’s total margin growth in five years and nearly a third of them believe that the metaverse can bring significant change in how their industry operates. Despite the overall enthusiasm, there was still a healthy dose of skepticism, with 31% of all executives remaining somewhat uncertain about the return on investment of metaverse experiences. Related: 71% of high net worth individuals have invested in digital assets: SurveyWhile brands should be excited about the opportunities awaiting them in the metaverse, they should also be ready to face challenges head on and do some serious planning, said Hazan. “There are urgent challenges that need to be considered. For one, there’s going to be a need to reskill part of the workforce to take advantage of, rather than compete with, the metaverse. Stakeholders will need to build a roadmap to make sure the metaverse experience is ethical, safe and inclusive.”Yee wrapped up her commentary by re-emphasizing that the metaverse is still very much a dynamic and evolving space. She said that individual creators and big brands alike need to embrace a long-term mindset if they want to be successful in the future of the metaverse.

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Yahoo launching Metaverse events for Hong Kong residents under restrictions

Yahoo has announced a series of Metaverse and NFT-related activities in Hong Kong, a day after Meta Platforms outlined its own metaverse plans for the region.Yahoo, a US-based internet media company, revealed that it will host a series of virtual events and concerts for Hong Kong residents in the Decentraland metaverse. According to Lorraine Cheung, the head of audience at Yahoo Hong Kong, the company sees the Metaverse as an attractive alternative for Hong Kong residents looking to engage in social activities while pandemic restrictions remain in force. On Thursday last week, a nation-wide mandate was introduced requiring that a negative Covid test be provided to enter all public venues such bars and restaurants. “We hope to use the Metaverse to connect people regardless of time and physical location.”Yahoo will also launch a non-fungible token (NFT) exhibition called The Abyss of Kwun Tong, which will see local artists virtually recreate the historic neighborhood of Kwun Tong which has been heavily impacted by redevelopment. Creative Producer Leung Ching-hsuan said that the goal of the NFT exhibition was to “retain humanity using technology.”On Tuesday, the social-media giant Meta put forward a strategy to work alongside local businesses and organizations such as cafes, schools and art galleries to create ‘“first-hand” Metaverse experiences for residents. Major companies are increasingly embracing the Metaverse with international consulting firm McKinsey releasing a report this week predicting that Metaverse-related spending could be worth nearly $5 trillion by 2030. Earlier this year, JPMorgan, the largest bank in the United States, made headlines by releasing a report that called Metaverse technology a “one trillion-dollar opportunity”, alongside opening their own virtual headquarters in the Decentraland metaverse. Related: 71% of high net worth individuals have invested in digital assets: SurveyDecentraland’s MANA token has rallied today, gaining a little over 14% in the last 24 hours according to data from CoinMarketCap.

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What is MetaPay and how does it work?

When people began communicating with one another over a wired communication system, the internet, not long ago, it ushered in a revolution in the rate of user acceptance of the technology involved. Users could converse more readily anywhere and anytime when wired technology gave way to mobile technology. For example, smartphones are now bringing a flood of other services to the Metaverse. The Metaverse is a three-dimensional virtual place that works as a metaphor for the real-world . The term “metaverse” is derived from “meta” (beyond) and “universe.”In this article, we will discuss the MetaPay project and how to buy MPAY tokens. We will also explore if it is safe to invest in MetaPay.What is the MetaPay project?MetaPay is a means of payment that allows users to make purchases in the Metaxion universe. The MPay token, commonly known as MetaPay, is the metaverse-based payment system’s native token. It’s a straightforward payment method requiring customers to have a MetaPay token to invest in the Metaxion universe.As a utility token, its purpose varies across the Metaxion universe, serving users in different ways. For example, you can earn MetaPay tokens by selling the land you purchased and you can also exchange your MPay tokens for any cryptocurrency you like.How does MetaPay work?The virtual payment system created by the MetaPay project is flexible, secure, fast and meets the needs of institutional-based and peer-to-peer transactions. Users can conduct crypto and fiat-based purchases using its dynamic virtual payment cards. Virtual payment Meta cards in centralized enterprises will provide easy decentralized access to crypto payments. Merchants will also be able to settle metaverse payments along with retail financial transactions.Features of the MetaPay payments system applicationMetaPay offers a currency wallet in which users can preload their virtual debit cards with multiple cryptocurrencies. Also, there is no limit on preloading the wallet. The debit cards are also secured and protected with a custom-encrypted code to prevent funds from being lost.Related: The biggest crypto heists of all timeAnother feature called MetaPay Blackhole is one of this project’s most in-demand service offerings since it appeals to users who value secrecy. In addition, users can conduct private transactions with Blackhole’s decentralized payment platform protocol. For example, one can hide wallets from the blockchain ledger while trading anonymously. However, crypto’s anonymous culture may dwindle its relevance.Moreover, MetaPay has a cross-border platform that allows users to interact with other blockchain networks without restriction. It currently supports a variety of crypto tokens, including Bitcoin (BTC), Solana (SOL), Binance Coin (BNB), Fantom (FTM) and others.Related: What is Binance Coin (BNB) and how does it work?How do you buy MPAY tokens?PancakeSwap and Poocoin are the only places where you can buy MPay tokens at the moment. MetaPay tokens will also be available for purchase on exchanges that the organization will agree on in the future. Please follow the easy steps below to purchase MPay tokens on PancakeSwap:Download and create a wallet The Trust Wallet is simple and quick to download as it is available on both Android and iOS stores. It is critical to set up a wallet after downloading to ensure a smooth buying process. This entails confirming your identification using the required personal documents like a passport or a national identity card, driving license, etc.Purchase BNB tokens and connect to the walletOn the Trust Wallet, look for “BNB” in the search tab and buy the desired amount of BNB tokens. At the bottom of the screen, click on “DApps” and select PancakeSwap. Then connect to the wallet of your choice (in this example, Trust Wallet).Choose “Trust Wallet” to proceed with the purchase process of MPay tokens.Confirm the swap to finalize the purchaseIn the search field of the popup that appears, type the MetaPay Contract address (you can copy the address from CoinMarketCap). The level of slippage tolerance can be changed in the Exchange section of the home screen’s settings. To confirm the swap and finalize the purchase on Trust Wallet, press the “Confirm Swap” button, as shown in the image below.Approve the transaction to complete the purchaseAfter confirming the swap, you can see the full transaction history and network fee charges before finally approving the transaction. To do so, click on the “Approve” button, and your purchase of MPay tokens will be completed.Is it safe to invest in MetaPay?There is no clarity about the team behind the MetaPay project. Additionally, a logo similar to Meta (previously Facebook) without any partnership with the organization may let you question the reliability of the project. However, MetaPay tokenomics revealed that 75% of MPay tokens are reserved for the community, 20% for the initial burn and 5% for marketing and team. Also, Valid Proof audited the project and found no red flags. Related: What is a smart contract security audit? A beginner’s guideDespite the above, you should do your research before relying upon the project’s tokenomics or third-party audits while making any investment decision, as the crypto market is highly volatile. You may wonder why MetaPay is so bullish.Any project that is new and has a novel approach can show an optimistic future ahead. However, analyzing crypto tokens carefully before investing is a cautionary practice that helps you to avoid losing your hard-earned money.Furthermore, it depends upon one’s personal financial goals, how much risk one can bear and what the expected return on investment is. If you think that the project is good enough to meet your objectives, you can proceed with it; otherwise, look for organizations that suit your investment portfolio.

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