MetFi (METFI) is a decentralized investment platform that offers early-stage access to promising Web3, Metaverse, and AI startups. It is a DeFi utility NFT ecosystem where profits are shared with the MetFi community through staking, governance, and proportional shares of the treasury. The platform combines the roles of investor, incubator, influencer, and community, aligning the desires of projects with those of the community, and providing sustainable rewards through staking and voting mechanisms.
MetFi (METFI) is a BEP20 token on the BNB Smart Chain (BSC) that serves several purposes within the MetFi ecosystem. Here are the main uses of METFI:
- Staking: METFI can be staked to earn a multiplier yield, which increases the user's rewards.
- Treasury Claims: Staking METFI also grants users proportionate claims on treasury assets.
- Governance: METFI holders have governance power over the MetFi DAO, allowing them to vote on important decisions such as which Web3 projects to invest in and how much to invest.
Additionally, METFI is burned when certain actions are performed, such as selling an NFT on the marketplace, taking out a loan, or swapping METFI for treasury assets. 10% of the METFI involved in these actions is burned, while the remaining 90% is sent to the METFI Recycling Pool, which distributes the tokens to NFT owners as METFI Multiplier Rewards.
To store MetFi (METFI) tokens securely, consider using a cold wallet, which is a wallet that is not connected to the internet. There are two types of cold wallets:
Paper Wallet: A paper wallet is created by generating a public and private key offline. The keys are printed in the form of QR codes, which can be scanned for future transactions. This method is secure but less convenient.
Hardware Cold Wallet: A hardware wallet is a physical device that stores your cryptocurrency. Your crypto addresses and keys are kept in a USB drive device, and only the person with the USB drive can access the assets. This method is more convenient and widely used.
Using a cold wallet ensures that your tokens are protected from potential hacks and exchange shutdowns, providing the highest level of security for long-term storage.
To buy MetFi (METFI) tokens, follow these steps:
Choose an Exchange: You can purchase MetFi tokens on various exchanges, including decentralized exchanges (DEXs) and centralized exchanges. Popular options include PancakeSwap, Gate.io, and MEXC.
Set Up a Wallet: Ensure you have a compatible crypto wallet, such as Trust Wallet, which supports the BNB Smart Chain (BSC). Download the wallet via Google Play or the iOS App Store, and set it up by registering and keeping your seed phrase safe.
Buy BNB: Purchase BNB (Binance Coin) as your base currency. You can do this on Binance by logging into your account and proceeding to the Binance Crypto webpage. If you are not an existing user, refer to the guide on registering and buying your first cryptocurrency on Binance.
Transfer BNB to Your Wallet: Withdraw the purchased BNB from Binance to your Trust Wallet. Make sure to set the network to BNB Chain and provide your wallet address and the amount you want to transfer.
Connect to a DEX: Connect your Trust Wallet to a DEX like PancakeSwap. You can do this by using your wallet address from Step 2.
Trade BNB for MetFi: Select your BNB as the payment and MetFi as the coin you want to acquire. If MetFi doesn't appear on the DEX, find its smart contract address on BSCscan and paste it into PancakeSwap.
- Store Your MetFi: For long-term storage, consider using a cold wallet like a hardware wallet or a paper wallet to ensure the security of your tokens.
Remember to carefully study the crypto information and be aware of the high market risk and price volatility associated with MetFi tokens.