Metis Token Extends Retro Grant Program Submission Deadline to January 23rd

The Metis Retro Grant program offers top-performing projects the opportunity to receive up to $25,000.

Metis Token has announced an extension for the submission deadline for the Metis Retro Grant program. The new deadline is now January 23rd, with the schedule being updated as follows:

The Review & Approval phase will begin on January 24th.

Voting will commence on January 28th.

The Metis Retro Grant program offers top-performing projects the opportunity to receive up to $25,000.

What Is Metis Token (METIS)?

Metis is a Layer 2 Rollup platform. It is built on the Ethereum network and aims to tackle some of the key challenges faced by the main net Ethereum — namely transaction speed, cost, and scalability. It achieves this by offering a framework for simple, rapid deployment of smart contracts within the network, thereby facilitating seamless and efficient operations on the Ethereum blockchain.

At the core of Metis’s offerings are several key features:

Metis Oracles provide real-time data from external sources, connecting blockchains to external systems and supplying smart contracts with crucial outside information.

Metis Nodes, which store a complete copy of the distributed network, enhance security and reliability.

The Metis SubGraph serves as an indexing protocol for gathering, processing, and storing data for use in the blockchain network, aiming to ease information retrieval through a service known as GraphQL.

These combined features position Metis as a significant player in improving the functionality and performance of the Ethereum network.

METIS is an ERC-20 governance token. It is compatible with the Ethereum blockchain network. The main use cases for the METIS token are paying transaction fees on the Metis network and staking.