When was the Metadium (META) coin issued?

META tokens, first introduced through an ICO in March 2019, raised approximately $20 million for the development of the Metadium blockchain platform.

Jan 06, 2025 at 06:42 am

Key Points:

• Metadium (META) was first introduced as a project in 2017.
• META was initially offered through an initial coin offering (ICO) on March 8, 2019.
• The ICO lasted for 30 days and raised approximately $20 million.

Detailed Article:

Metadium's Genesis and Initial Coin Offering (ICO):

• Project Inception (2017): Metadium first emerged as a project in 2017, founded by a team led by Chief Executive Officer Simon Choi and Chief Technology Officer Han Kyu. The project aimed to build a decentralized blockchain platform for developing and executing smart contracts and dApps.
• ICO Announcement and Launch (March 2019): In March 2019, Metadium announced its ICO, seeking to raise funds for the development and launch of its platform. The ICO offered META tokens, which would serve as the native currency within the Metadium ecosystem.
• ICO Duration and Results: The ICO commenced on March 8, 2019, and concluded 30 days later on April 7, 2019. During this period, the ICO reportedly raised approximately $20 million, with META tokens sold to participating investors.

Metadium's Ecosystem and Platform Launch:

• Platform Launch (May 2020): Following the conclusion of the ICO, Metadium continued to develop its platform and ecosystem. The Metadium blockchain platform was officially launched in May 2020, boasting features such as smart contract execution, a decentralized identity system, and support for dApp development.
• Blockchain Features: The Metadium blockchain is designed with several key features, including a Byzantine Fault Tolerant (BFT) consensus mechanism, ensuring high transaction throughput and security. It also incorporates a sharding architecture, which allows for parallel processing of transactions and scalability.
• DApp and Ecosystem Development: Metadium encourages the development and deployment of dApps within its ecosystem. The platform provides a range of tools and resources for developers to build and deploy their applications on the Metadium blockchain.

META Token's Use Cases and Value:

• Native Currency: META is the native currency of the Metadium ecosystem. It is used to pay for transaction fees, execute smart contracts, and participate in governance.
• Staking and Governance: META holders can stake their tokens to earn rewards and participate in the governance of the Metadium network. Staking contributes to the security and stability of the blockchain.
• Access to Services and Rewards: META can be used to access premium services and features within the Metadium ecosystem. Additionally, the team may offer rewards or incentives to META holders to promote adoption and engagement.

FAQs:

• When did META tokens first become available?

  • META tokens were first offered through an ICO on March 8, 2019.

• What is the main purpose of the Metadium platform?

  • The Metadium platform aims to provide a decentralized, enterprise-grade blockchain for developing and executing smart contracts and dApps.

• What are the key features of the Metadium blockchain?

  • The Metadium blockchain offers a BFT consensus mechanism, sharding architecture, and a decentralized identity system.

• What is the use case for META tokens?

  • META tokens serve as the native currency for transaction fees, smart contract execution, governance, staking, and accessing premium services within the Metadium ecosystem.