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Metahero

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Discover Metahero'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 Metahero?

Metahero (HERO) is a deflationary real utility token that leverages ultra-realistic 3D technology to generate 3D avatars and virtual objects for use across social media, games, fashion, art, and medicine. It operates within the Metaverse space, allowing users to create high-quality NFT avatars and virtual items. The token is used for all interactions within the ecosystem, including 3D scans and NFT purchases, and is staked by users to earn rewards. Metahero aims to bridge the gap between reality and the digital world through its innovative technology and applications.

How is Metahero used?

The Metahero (HERO) token is used for various interactions within the Metahero ecosystem. Here are some key ways it is utilized:

  1. 3D Scanning and Avatar Creation: Users can pay for 3D scans using HERO tokens, which allows them to create high-quality avatars for use in the metaverse.

  2. Buying 3D NFTs: HERO tokens are used to purchase 3D NFTs, which are digital items within the Metahero ecosystem.

  3. Franchise Model: Users can buy 3D scanners under a franchise model using HERO tokens, enabling them to set up their own scanning locations.

  1. Staking and Rewards: HERO tokens are staked by users, who are then rewarded with daily points based on the number of tokens staked. This incentivizes users to hold and support the ecosystem.

  2. Ecosystem Maintenance: A portion of the HERO token supply is allocated for the maintenance and growth of the project, including marketing campaigns and strategic partnerships.

  3. HERO App: The HERO app allows users to track their HERO tokens, make investments, and use the tokens for everyday expenses through a VISA card integration.

Overall, the HERO token serves as a utility token, facilitating various transactions and interactions within the Metahero ecosystem.

How do I store Metahero?

To store Metahero (HERO) tokens, you have several options:

  1. Atomic Metahero Wallet: This wallet supports over 1000 coins and tokens, including Metahero. It offers features like instant swapping, buying crypto, and staking. The wallet is private, secured, and has 24/7 online support.

  2. Hardware Wallets: You can store HERO tokens on hardware wallets like Ledger Nano X. To do this, connect your Ledger to MetaMask, which supports the Binance Smart Chain (BSC) network. Then, send your HERO tokens to your MetaMask account, which will be stored on your Ledger. Ensure you are on the BSC network and test with a few tokens initially.

  3. Gate.io: Another option is to store your HERO tokens on the Gate.io exchange. This platform supports various cryptocurrencies, including Metahero.

  1. MetaMask: You can also store HERO tokens directly on MetaMask, which supports the BSC network. This allows you to manage your tokens securely within the MetaMask wallet.

Before choosing a storage method, consider factors such as security, ease of use, and compatibility with your existing wallet setup.

How to buy Metahero?

To buy Metahero (HERO) tokens, follow these steps:

  1. Create a Crypto Wallet:

    • Download a Trust Wallet or use a similar wallet that supports the BNB Chain network.
    • Set up the wallet, ensuring you keep your seed phrase safe and note your wallet address.
  2. Buy BNB:

    • Open a Binance account and purchase BNB.
    • Withdraw the BNB to your Trust Wallet, setting the network to BNB Chain.
  3. Choose a Decentralized Exchange (DEX):

  • Select a DEX like PancakeSwap, which supports your wallet.
  • Connect your Trust Wallet to the DEX using your wallet address.
  1. Trade BNB for HERO:

    • On the DEX, select BNB as the payment and Metahero as the coin you want to acquire.
    • If Metahero doesn't appear, find its smart contract address on BSCScan and paste it into the DEX.
  2. Alternative Options:

    • You can also buy HERO through centralized exchanges like KuCoin or Gate.io, which offer credit/debit card purchases.
    • Kriptomat is another option, allowing you to buy HERO with a credit/debit card in three simple steps.

Remember to follow the specific instructions for each exchange and wallet, and be cautious of market risks and price volatility.

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History of Metahero

Metahero (HERO) is a cryptocurrency token that has a unique history. It was created by Robert Gryn, the CEO of Codewise, a Krakow-based startup that was acquired in 2020. Gryn invested $10 million of the acquisition proceeds into his vision for the metaverse, which became Metahero.

The HERO token was launched in June 2021 via the Tenset Gems Platform, followed by an Initial Decentralized Offering (IDO) on Pancakeswap in July 2021. The total supply of HERO is capped at 10 billion, with locking mechanisms in place to discourage token dumping. The token was launched on the Binance Smart Chain (BSC) to ensure scalability and inclusivity.

Metahero is available on various exchanges, including ZT Global and BitMart. It is also listed on platforms like Coinbase, where users can access live charts and news about the token.

The Metahero ecosystem focuses on bridging the physical and digital worlds through advanced technologies like 3D scanning, augmented reality (AR), virtual reality (VR), and blockchain. The project aims to create a marketplace where users can turn real-world objects into ultra-realistic NFTs, which are registered immutably on the blockchain and can be monetized.

Overall, Metahero's history is marked by its innovative approach to the metaverse and its focus on mass adoption through user-friendly technologies and strategic partnerships.

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How Metahero works

Metahero (HERO) is a cryptocurrency project that leverages ultra-realistic 3D technology to bring people and items from the real world into the metaverse. The project offers a process called metascanning, which involves scanning real-life objects and transforming them into digital avatars in the metaverse. This technology is similar to 3D printing but in reverse, where a 3D object is scanned and made digital instead of the other way around.

Metahero Scanning

Metahero scanners are mobile 3D chambers equipped with 16 movable stanchions, a server unit, and four cameras. These scanners are designed to capture images in perfect synchronization, allowing for highly detailed digital replicas. The project plans to set up scanning chambers in strategic locations worldwide, with the first operational chamber already in Doha, Qatar, and future locations including Tokyo, Berlin, New York, and Seoul.

Metahero APP

The Metahero app allows users to access the scanning technology and manage their digital avatars. Future versions of the app aim to simplify the process of buying HERO tokens and integrating with Visa for daily expenses.

HERO Token

The HERO token is a utility token that grants access to the Metahero ecosystem. It employs a deflationary model, which reduces the total supply over time. The token can be used for transactions on the Metahero NFT marketplace, paying royalties, and funding scans. The total supply of HERO is capped at 10 billion, with locking mechanisms to discourage token dumping.

Partnerships and Use Cases

Metahero has partnered with Wolf Studio, a renowned 3D scanning company, to access high-quality scanning technology. The project also aims to integrate with various industries such as gaming, fashion, and music. For example, it has partnered with Fame MMA to allow users to scan and use virtual replicas of themselves in fighting matches.

Metahero's Goal

The project's goal is to install 12 Metahero 3D chambers worldwide and offer 100,000 people the chance to scan themselves or other items every year. This technology has the potential to revolutionize the metaverse by providing a bridge between the physical and digital worlds, enabling users to create highly realistic digital avatars and NFTs.

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Metahero's strengths

The token Metahero (HERO) has several strengths that contribute to its potential success and adoption:

  1. Unique Use Case: Metahero is a decentralized autonomous organization that operates within the Metaverse space, offering ultrahigh-quality 3D scanning technology to create avatars and virtual items. This unique use case sets it apart from other cryptocurrencies and provides a specific utility for its native token, HERO.

  2. Revenue Share: One of the key benefits of the HERO token is the opportunity for holders to participate in the platform's revenue share. Specifically, 10% of platform revenue is allocated to token holders, providing a direct incentive for investment and long-term holding.

  3. Strong Team: The MetaHero team is composed of experienced professionals, including Robert Green as the founder and CEO, Jeremy Lopez as the Chief Operating Officer, and Bally Singh as the marketing director. This team brings a diverse range of skills and expertise, from cryptography and blockchain to marketing and business operations.

  1. Growing Ecosystem: The HERO app is being developed in stages, with the first version already released. The app will integrate various features, including tracking HERO tokens, buying tokens directly, and using a VISA card to pay expenses with HERO in everyday life. This comprehensive ecosystem aims to provide a low barrier to entry and greater token recognition.

  2. Deflationary Token: The HERO token is designed to be deflationary, meaning that its supply will decrease over time. This can lead to increased demand and, consequently, higher prices as the token becomes scarcer.

  3. Strategic Partnerships: MetaHero has established partnerships with prominent exchanges like KuCoin and PancakeSwap, which helps increase the token's visibility and accessibility.

These strengths collectively contribute to the potential growth and adoption of the Metahero (HERO) token, making it an attractive investment opportunity for those interested in the Metaverse and blockchain technology.

Metahero's risks

Metahero (HERO) carries several financial risks that investors should be aware of. Firstly, the project has been accused of using fake hype and shady business practices, including creating the illusion of media interest by paying for articles and promoting get-rich-quick schemes. This raises concerns about the legitimacy and trustworthiness of the project.

Additionally, the project has been criticized for its lack of transparency and progress on its roadmap. The development of the metaverse, Everdome, has been slow, and the marketplace for 3D scanning has yet to materialize, casting doubt on the project's ability to capture a significant market share.

Furthermore, the token's price has experienced significant declines, losing nearly 70% of its value since March and 88% since December. This volatility and downward trend make it a high-risk investment.

Investors should also be cautious of the token's deflationary nature, which includes a buyback and burn program that can lead to significant price fluctuations. The project's reliance on staking and passive rewards also raises concerns about the sustainability of its financial model.

Lastly, the project's availability on exchanges is limited, with restrictions for USA and Canada residents, which can impact liquidity and trading volumes.

Overall, Metahero (HERO) carries significant financial risks due to its questionable business practices, lack of transparency, and volatile market performance.

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Metahero's ecosystem

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Metahero’s team

  • Mariusz Król: Founder of Wolf Group and CEO of Metahero.
  • Jakub Nalej: The person who makes things happen.
  • Piotr Harwas: The Master Engineer.
  • Marek Lewandowski: CIO at Metahero.
  • Paweł Doległo: Involved in crypto investments, DeFi, and exchanges.
  • Victor Denise Idongesit: Web3 enthusiast and community and social media manager.

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The fundamental analysis assistant for crypto value investors.

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