Metadium

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Discover Metadium's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Metadium?

Metadium (META) is a cryptocurrency operating on its own blockchain, focusing on decentralized identity protocols. It prioritizes privacy and security, allowing users to control their personal data through advanced cryptography and decentralized identifiers. Additionally, it enables seamless interactions across multiple blockchain networks through cross-chain technology, enhancing usability and utility.

How is Metadium used?

Metadium (META) is a cryptocurrency designed to create a decentralized identity ecosystem. It is part of a blockchain protocol that aims to introduce Self-Sovereign Identity, where individuals have full control over their online and offline identities. This concept allows users to manage their personal data securely and privately, ensuring that they are the sole owners of their identity.

How do I store Metadium?

To store Metadium (META) tokens, you can use various methods depending on your needs and security preferences. Here are some options:

  1. Exchanges' Wallets: You can store your META tokens on the wallets provided by exchanges such as Binance Wallet. This is a convenient option, but it is considered a "hot wallet" since it is always online, which makes it more vulnerable to hacking risks.

  2. Crypto Wallets: You can store your META tokens on crypto wallets like Trust Wallet. These wallets offer more security than exchange wallets but are still considered "hot wallets" since they are connected to the internet.

  3. Cold Wallets: For long-term storage and maximum security, you can use "cold wallets" that are offline. There are two types of cold wallets:

  • Paper Wallets: These are generated offline and printed with public and private keys in QR code format. They are highly secure but less practical for frequent transactions.
  • Hardware Cold Wallets: These are physical devices that store your cryptocurrency offline. They are more practical than paper wallets and offer high security for large amounts of coins or tokens.

It is recommended to use cold wallets for long-term storage to minimize the risk of hacking and ensure the safety of your META tokens.

How to buy Metadium?

To buy Metadium (META) tokens, follow these steps:

  1. Choose a Centralized Exchange (CEX):

    • Register an account on a CEX like Binance, Upbit, or Bithumb.
    • Verify your identity and secure your account with two-step verification.
    • Use fiat to buy USDT, ETH, or BNB, which can be easily purchased and traded for META.
  2. Transfer to a CEX Supporting META:

    • Transfer your USDT, ETH, or BNB to a CEX that supports Metadium (META) trading, such as Upbit or Bithumb.
    • Ensure the CEX supports the necessary trading pairs, like META/USDT or META/ETH.
  3. Buy Metadium (META):

  • Use your transferred USDT, ETH, or BNB to buy Metadium (META) in the spot market.
  1. Store Your META:
    • You can hold your Metadium (META) in the CEX account or transfer it to a personal cryptocurrency wallet like MetaMask, which supports millions of assets and blockchains.

Alternatively, you can use a decentralized exchange (DEX) like PancakeSwap to buy META by swapping ETH for META. For this, you need to:

  1. Buy ETH:

    • Purchase Ethereum (ETH) on a platform like Bit2Me.
    • Transfer the ETH to a MetaMask wallet.
  2. Swap ETH for META:

    • Connect your MetaMask wallet to a DEX that supports META, such as PancakeSwap.
    • Swap your ETH for META.

Remember to research and choose a reputable exchange, and always follow security guidelines to protect your assets.

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History of Metadium

Metadium (META) is a cryptocurrency token that operates on its own blockchain, the Metadium Blockchain. The blockchain is designed to provide a comprehensive ecosystem that includes identity and data protection, innovative metaverse platforms, and highly secure payment and asset management services.

Metadium's tokenomics are structured to support its ecosystem, with a focus on ensuring the security and integrity of its services. The token's price has fluctuated over time, with a recorded all-time high of $0.45. Currently, the token is trading at a significantly lower price, around $0.03.

The token's market performance has been mixed, with both increases and decreases in its value over different time periods. For example, the price of Metadium has fallen by 0.78% in the past 7 days but increased by 4.93% in the last 24 hours.

Metadium is supported by various cryptocurrency exchanges and wallets, including Kraken and Coinbase Wallet. However, it is not available for trading on the Coinbase Exchange. Despite this, users can still manage and trade their Metadium tokens using Coinbase Wallet.

Overall, Metadium aims to provide a robust and secure ecosystem for its users, with a focus on identity protection, metaverse platforms, and secure payment services.

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How Metadium works

Metadium (META) is a cryptocurrency that operates on a blockchain protocol designed to revolutionize the management and control of personal identity online. At its core, Metadium aims to establish a self-sovereign identity system, empowering individuals to own and control their personal data without the need for central authorities.

The Three-Tier Structure

The Metadium ecosystem operates on a three-tier structure:

  1. Platform: A public ID blockchain that allows anyone to participate and securely store their identity data.
  2. Protocol: A set of rules that facilitate the development of applications and services utilizing the identity information on the blockchain. This protocol is akin to the 'http' and 'https' that enable web browsing, providing a standardized way for services to interact with the blockchain.
  3. Service: The tangible applications come to life, such as a mobile application that users can directly interact with, built using the Meta ID protocol.
How Does Metadium Work?

Metadium's robust ecosystem is designed to be scalable, performant, and flexible, ensuring that it can support a wide range of services, from e-passports to identity verification. The platform uses a hybrid consensus mechanism, combining elements of Proof of Work (PoW) and Proof of Stake (PoS), known as Proof of Activity. This mechanism ensures the security and integrity of the network.

The Role of META Tokens

META is the native cryptocurrency token of the Metadium ecosystem. It serves as the medium of exchange, connecting user experiences and facilitating the economic flow within the ecosystem. Users can use META tokens to:

  • Access services on the Metadium mainnet
  • Participate in governance decisions
  • Contribute to the network's improvement by voting on proposals

The META token is integral to maintaining the decentralized governance of the Metadium network, ensuring that the ecosystem operates smoothly and continues to evolve with the community's input.

Staking and Rewards

Metadium also supports staking, which allows users to earn up to 20% rewards by participating in the network's validation process. This decentralized, zero-fee staking mechanism incentivizes users to contribute to the network's security and stability.

Trading and Availability

Metadium (META) can be bought, held, and traded on various platforms, including centralized exchanges like KuCoin, decentralized exchanges (DEXs), and through crypto wallets. Users can purchase META directly using fiat currency or by exchanging other cryptocurrencies for it. The token is also available for futures trading on platforms like Kraken.

Performance and Development

Metadium's performance can be monitored through various metrics, including its market capitalization, trading volume, and developer activity. The project's GitHub repositories are actively monitored for commits, code additions, and deletions, which contribute to its Developer Rank.

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Metadium's strengths

The token Metadium (META) has several strengths that contribute to its potential in the cryptocurrency market. One of its key strengths is its focus on privacy and security, which is achieved through advanced cryptography and decentralized identifiers. This allows users to maintain control over their personal data, ensuring a high level of security and trust within the ecosystem.

Another significant strength of Metadium is its emphasis on interoperability. The platform utilizes cross-chain technology, enabling seamless interactions and transactions across multiple blockchain networks. This enhances the overall usability and utility of the platform, making it more appealing to users who need to operate across different blockchain environments.

Additionally, Metadium's decentralized identity protocol is designed to create a self-sovereign identity ecosystem, where individuals have full ownership and control over their online and offline identities. This concept has significant implications for identity verification processes and could lead to widespread adoption in the future.

These strengths, combined with its technical capabilities and potential for growth, make Metadium an attractive option for investors looking to diversify their cryptocurrency portfolios.

Metadium's risks

Metadium (META), a cryptocurrency, faces several financial risks that investors should consider. These risks are primarily related to the volatility and manipulation of the coin's price. Here are the key financial risks associated with Metadium:

  1. Price Manipulation: Metadium's price can be influenced by significant market players, which can lead to sudden and unpredictable changes in value. This risk is assessed by analyzing the amount of money required to shift the coin's price over a 24-hour period, as well as recent changes in volume and market capitalization.

  2. Market Volatility: Cryptocurrencies are known for their price fluctuations, and Metadium is no exception. This volatility can result in significant losses for investors if the market moves against them.

  3. Liquidity Risks: If the market for Metadium becomes illiquid, investors may struggle to sell their holdings quickly and at a fair price, leading to potential losses.

  1. Regulatory Risks: As the cryptocurrency market continues to evolve, regulatory bodies may impose stricter rules or restrictions on Metadium and other cryptocurrencies. This could negatively impact the coin's value and usability.

  2. Security Risks: Like other cryptocurrencies, Metadium is vulnerable to security breaches and hacking attempts. If the coin's underlying technology is compromised, investors may lose their assets.

These financial risks highlight the importance of thorough research and risk assessment before investing in Metadium or any other cryptocurrency.

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Did Metadium raise funds?

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Metadium’s team

  • Justin Park and Ryan Uhr: The primary creators of Metadium and the META token.

Whalee AI

The fundamental analysis assistant for crypto value investors.

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