Metadium protocol seeks to invent a next-generation digital identity that truly proves your ability and works at a range of prospective uses in individual self-sovereign identity.
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What Is Metadium (META)?
Metadium is based on self-sovereign identity (SSI), which allows individuals to have sole ownership of their online and offline identities. Self-sovereign identity also grants full control of the sharing and distribution of personal information. The SSI ecosystem is implemented through the blockchain, which ultimately provides individuals with ownership of their data.
The META coin is the currency used on the Metadium platform.
How Does Metadium Work?
Metadium utilize modified RAFT Consensus Algorithms with Proof of Authority. Above the ground level, the two pillars of the Metadium blockchain sustaining Meta IDs and dApps are:
The Community Pillar, governed by delegators voted in by the community.
The Block Producer Pillar, governed by the authorities proven to act reasonably and designated to secure the network.
The History Of Metadium
Metadium was founded in 2018 by Justin Park, and who continues to be the CEO of Metadium. He was previously a venture capitalist at Gobi Partners and GS Shop. Before becoming the head of Smilegate SEA, a subsidiary of the Korean game company Smilegate, Justin himself introduced MEMS technology to Korea at Kionix as country manager.
What Makes Metadium Different Compared To Other Crypto Currencies?
With decentralized identity infrastructure at its core, Metadium enables various parties to seamlessly join the Metadium ecosystem. Using Meta ID infrastructure, a wide-range of dApps and services will be built on top of the Metadium blockchain protocol. Then, communities will be formed around each of those services.
For decentralized identity infrastructure, META acts as a medium of exchange for identity attestation and sharing. Attestation agencies will be rewarded for providing attestation services once the validated data has been used. Service providers will reward attestation agencies and users with META in return for obtaining and using identity data. Users will be rewarded for providing their own identity data and can use META to purchase identity related services provided by Metadium and other service providers.
Once identity infrastructure has been constructed, Metadium will focus efforts on actively expanding the ecosystem to onboard various services. As more service providers, services, attestation agents, and users populate the network, the META token will play an increasingly important role in terms of facilitating transactions, rewarding participation, and rewarding contribution. We anticipate a diverse set of communities and digital economies being built on top of the Meta ID infrastructure.
Is Metadium (META) A Good Investment?
Between collaborations and innovations, Metadium can continue to grow in users and adoption, making it an attractive incentive to hold the coin for the long run.
As you can see on the graph below, the highest that META has ever reached is $0.41 back in April 2021, and then it has dropped to below $0.05. Metadium is still at its infancy but it is definitely a project you want to keep an eye on, as it could reach another all-time high in the future.
To stay up to date with the current META price data, click here.
Should You Buy Metadium (META)?
If you have done research on the team, vision, whitepaper and you are satisfied with what Metadium has accomplished so far, then potentially it could be a great investment for the long term. Perhaps invest small, and wait for market direction before buying more.
Cryptocurrencies can be risky, so invest wisely and be careful with your hard earned money. As a rule of thumb, never invest money you can’t afford to lose.
How Many Metadium (META) Coins Are There in Circulation?
Metadium has a total supply of 2 billion META coins.
Where Can You Buy Metadium (META)?
If you would like to purchase some META coins, below are a handful of cryptocurrency exchanges which list them.