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4 Million ETPs will be added to the circulation each year after the end of POW phase.. The project imagines a blockchain in which people, organizations, institutions can transact with each other.. ETP calculator: etp = ETP price: 1 ETP = 1 93000000 USD 1 ETP = 1 54000000 EUR 1 ETP = 0.. This enabled the trading of entropy tokens on the OpenLedger decentralized exchange (DEX).. Digital assets Digital assets + Digital identities= Internet of Value In Metaverse digital assets represents any category of asset that is in the digital form.. Exchanges OpenLedger ApS Danish Blockchain Company, ApS, has signed a Strategic Cooperation Framework Agreement with, the market leader in Blockchain technology and the developer of Metaverse™, the first public Blockchain in China.. To authenticate the digital asset transactions on the blockchain, Metaverse plans to introduce intermediaries called Oracle.. And it is transferable on Metaverse blockchain and secured by ECDSA (elliptic curve digital signature algorithm).. Oracles In Metaverse intermediary institutions (Oracles) are invited on-chain Viewfin believes that intermediaries will still play an important role in the future.. The cryptocurrencies offered the world disruption and path breaking solutions that would transform the face of multiple industries and consequently the world as we view today.. 00022320 BTC. ’ The language isn’t business-friendly and the approach feels like a pidgeon-holing of unique transactions into general-purpose business logic.. However, the ledger based technology proponents are yet to realize the full potential and applications of the technology.. It is NOT a currency, it shouldn’t have inflation at all, but, tokens are always lost for various of reasons, accidents, carelessness, or death.. The Metaverse ecosystem will rely on Oracles to ensure that all information shared, stored and provided by the members of the Metaverse community is true and reliable.. 5th, 2016, distributed Entropy tokens (ETP) for the investors 15 – 30 million were distributed during the first ICO, and another 15 – 30 million will be distributed in another ICO after the Metaverse wallet and blockchain are complete.. The Entropy could be used to measure value of smart properties in Metaverse Or used as a collateral in financial transactions.. Oracles are a form of intermediary, and Metaverse will encourage intermediaries–such as banks, government agencies, foundations, or even individuals–to register as oracles.. The Chinese government has supported Chinese versions of many popular successful businesses based outside of China: Baidu instead of Google, WeChat instead of Facebook, Alibaba instead of Amazon.. 196 of annual lost rate was predicated by Vitalik Buterin in white paper To provide sufficient liquidity and to accommodate more smart properties on Metaverse, a micro-inflationary linear issuance scheme is designed.. The Three Pillars of Metaverse Avatars (Digital Identity) Through having your Avatar, you have your digital passport to the virtual world where an Avatar can be managed by a physical person or artificial intelligence.. He was a co-founder of other blockchain projects, including viewfin com ViewFin™ is a market leader in Blockchain technology in China.. Metaverse doesn’t have a pre-defined set of transactions types, but it intends to be flexible.. While the digital assets are making inroads into various sectors, their underlying technology – ‘Blockchain Technology,’ has proven its worth in multiple verticals in quick time.. Metaverse aims to enable blockchain-based digital asset management – even more fundamentally, a blockchain-based system for managing our digital lives.. To explore these possibilities and simplify day to day activities, Viewfin com – a Chinese company, is introducing Metaverse – the first ever public blockchain in China.. Metaverse aims to be the Chinese substitute of Ethereum The blockchain protocol itself is still being finalized.. As of today, critical thinking and logic are not programmable We still need the intervention of intermediaries to apply sound judgment and verify our actions.. CNY: People can participate with Chinese Yuan with access to the following price tiers, based on how much is contributed.. The remaining ETP will be distributed through the proof-of-work mining process What are the terms? Bitcoin: For BTC, the price for Entropy is 6000 ETP/bitcoin.. Eric is also the main translator of China’s first Blockchain book “Blueprint for a New Economy“.. The price tiers also confer additional benefits on the Metaverse platform Alternately, you can participate through Bizhongchu, an ICO platform in China.. The Entropy is NOT claim to be a form of digital currency; rather it is the equity of Metaverse.. • For a digital asset blockchain to be successful in China, it must be based in China.. Metaverse ETP (ETP) Token Overview: Current coin Value: $3 68 Market Cap: $83,199,414 Total Supply: 52,244,767 ETP Circulating Supply: 22,600,000 ETP Max Supply: 100,000,000 ETP The token being sold is Entropy, the token that will power Metaverse.. Customed Asset The wallet allows the customer to create his own assets from the Metaverse platform and to access all the assets created from the same place.. It will be its own public blockchain Consensus in the first year after launch will be through proof-of-work mining.. With better innovation on Metaverse platform and the impending disruptive projects, the platform surely has a bright future ahead.. This vision revolves around a couple key insights: • A digital-asset blockchain needs more types of transactions than contracts.. The Bitcoin address listed for participating is 16LHvZ11XRsVFkzmD64g11mrfvjzyToDn9.. And the ETP will be used whenever system fees are applied Creating a new Smart Property, register a new Avatar, or apply to become an Oracle.. There are 100,000 000 ETPs in total It is divisible into 10″ =0 g like Bitcoin.. Who is the team behind the project? The founder of Metaverse is Eric Gu, an entrepreneur and thought leader in China.. The Metaverse Wallet Private Key Thanks to deterministic wallet technology, a user can easily restore her wallet without needing any information and create public addresses without using a private key.. The initial inflation rate will be 4% annually and trend down gradually towards 1% lost rate Vitalik predicted.. Microinflation The Entropy is the equity of a DAO (Democratic Autonomous Organization), namely The Metaverse.. Within the peer to peer network reside universally unique and self-sovereign identities, which will primarily power all decentralized applications or smart contracts coming afterward.. ETP can be transferred and traded on Metaverse and will be an important factor deciding the miner of each block after MVS transitions to the PoS protocol.. As a result, the price of ETP won’t pegged to any flat or crypto currencies, including Bitcoin.. Low cost Metaverse(ETP) mining pool © dOdO pool - Metaverse - ETP Mining Pool| Powered.. In essence, Metaverse aims to be the Chinese substitute for Ethereum where the intermediaries will be parties whose vested interest lies in the kind of transaction taking place over the public blockchain.. A total of 100 million ETP will be issued through a combination of Initial Coin Offerings (ICOs) and PoW mining; similar to Bitcoin, the smallest unit of Entropy is 1 x 10-8 ETP.. It will be similar to Ether It will be used to register assets, pay fees, establish identity as an Oracle, and value assets on the blockchain.. It is allowed to own several digital assets There is a many to many relationship in Metaverse where digital assets can also be owned by many Avatars.. The current plan is to transition the blockchain to a delegated proof-of-stake model after this, but the team will wait to see how Ethereum handles its own transition to proof-of-stake in early 2017.. ViewFin™ has assembled together a team of domestic and international specialists from various industries such as the financial, internet, consulting and Blockchain industries to implement future Fintech applications.. We are moving towards an age that cannot only transfer money but also transfer value.. As digital assets can represent anything, this gives power to communities to value whatever they want.. Currently, at the time of writing this post, each Entropy is being valued a little over $5.. Launch dynamics of Entropy and its performance The Metaverse ICO started on Sept.. • Digital asset transactions need intermediaries on the blockchain It shouldn’t push them away – it should embrace the trust that their presence confers.. ETP Address The customer is allowed to create as many ETP addresses as she wants and can conveniently transfer her ETPs.. Let’s dive into the details of how Metaverse is planning to do so What is Metaverse? Metaverse is a decentralized world that redefines digital identities and smart assets through blockchain technology.
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