NOTICE:META 1 Coin and the METANOMICS ecosystem are a part of the META Private Membership Association. All members of the META Private Membership association are operating within the private and invoke their God given right to freely associate with whomever they desire. META PMA Members are contractually bound to not disclose any activities, records, communications or data of META PMA or any of its members without the expressed written consent of META PMA.
Question 1:
I had submitted an idea a couple / three months ago to Suzanne and she forwarded it to Justin, with both telling me that my idea was a “Great Idea”…except I never heard anything about it. The idea was for ALL members (if they chose) to sign a pre-written letter to the perpetrators / prison where Robert is held.
I realized there’s lawful steps taking place and maybe the counsel didn’t approve, although no member names need to be used other than perhaps our Member initials on one pre-written letter by Justin or Doc or from another ? on the META 1 Team.
Just as prayer is a powerful force, the synergy of our intentions would be here with this as well. (I’ve participated in large groups of prayerful meditations of even 1000 to help stop mob actions. It worked!)
Can someone please write a letter that we can all initial …or just simply agree to by signing it…?
Signed, All 20,000 (Whatever it is ??) Meta1 Members
(And send Certified since that’s making it a lawful document.) Why not try this because “soon” that we keep hearing about Roberts release is never really near.
Answer:
If you or any other members would like to spearhead the writing of a letter please do. Any member is welcome to write a letter of support individually.
Question 2:
With the liquidity, now way over a year and with the other half involved after Robert did “his part”, so since the Liquidity doesn't involve Robert, it’s odd people that this is taking so long. I have to wonder if they are really just running “interference” and these are people that are part of the hold up or part of the same group that arrested Robert?
So sorry, but I’m skeptical that it’s all tied together… and I surely hope that I am very wrong. But it’s not an unreasonable thought dealing with what we do in our world of fraud fakery, right?
Answer:
We acknowledge your concerns. While we cannot confirm any interference, we maintain confidence in the agreements Robert has established with his trade and finance partner.
Question 3:
Isn’t it at all possible that some sort of “workaround” can be done for those who need emergency cash? I’ve had 5 emergencies since last May of 2023 and it’s crazy because I haven’t had 2 emergencies in the past 60 years, both being skiing injuries. It’s all so upsetting that we can’t get what we bought into META 1 for, of course growth and freedom from the usurpers, but with the unexpected dire, life situations, how come creative minds at META 1 can not come up with a workaround for needed fiat when other businesses in California will not except META 1. And my guess is they see the negative press.
Answer:
We understand the urgency of this matter for many members. Our team continues to explore solutions for emergency access for partial withdrawals. If a viable option arises, we will implement it immediately and inform everyone. In the meantime, some members have successfully utilized our marketplace for such needs.
Question 4:
Which email address should I be using?
memberservices@meta1coin.support
memberservices@meta1coin.vision
Or do both work?
Answer:
memberservices@meta1coin.support should be used.
Question 5:
What is the 'Value Proposition' for META 1 coin?
Answer:
META 1 Coin is the world’s first appreciating stable coin backed by gold. META 1 offers an opportunity to transact in commerce with a currency that is not manipulated and controlled by the governments and the traditional FED reserve system of control. The peer-to-peer nature of the META 1 platform allows anyone, anywhere in the world to send and receive META 1 coin instantly. Unlike transitional fiat currencies that are backed by air, META 1 is back by gold assets that provide stability and a return to a true currency. Our whitepaper goes into detail on each one of these topics and can be found here: https://meta1coin.vision/meta1coinwhitepaper
Question 6:
Who are the current Board Members for META 1 Coin Trust?
Answer:
Due to individual nondisclosure agreements with the board of trustees, we are unable to disclose their identities at this time. However, your question will be communicated to the board. We appreciate your understanding.
Question 7:
Why does as much as 10% price divergence appear on Meta-Exchange sometimes in connection with BTC or SOL for example, in comparison to open market prices on CMC, and that these prices on Meta-Exchange appear to be premiums added ? For example yesterday BTC was shown on Meta-Exchange at $72,207 USD in comparison to $64,962 USD on CMC at identical timing. This is a premium of 11.15%. I attach a screenshot to illustrate the Meta-Exchange trading today.
Answer:
META Exchange is a DEX ( Decentralized Exchange) this means that anyone can offer up any asset for any price and if there is a buyer willing to pay that price they can sell those assets. This happens often on some platforms such as Paxful where people sell BTC in a pure peer-to-peer manner with no exchange for cash. Many of these individual sellers sell BTC for example at a premium due to the risk they are taking on by selling BTC directly to someone without any kind of neutral party involved.
When it comes to META Exchange there are a few factors here, right now there is very low volumes of trading so if someone submits a sell order for a certain price and there aren’t many other orders out there, the price of that asset (in your example the price of BTC) will shift. This is why we use DEX Bots to keep the price of assets pegged at the market price (from Coin Market Cap). When META is fully launched and there is high trading volumes, this will not be an issue. However, sometimes bots stop working for various reasons (lost connection, etc). This leads to prices on META Exchange being different from the rest of the market. While a buyer can say that we charge 11.15% premium, a seller would say that they get 11.15% extra. Market works both ways - buy and sell. We are working on adjusting these bots to ensure the price stays consistent with the global market price.
Question 8:
As a remedy in your decision to cancel withdrawals two years ago, why not create an escrow account for members to have an option to buy and sell securely among one another? By not having escrow, holders take greater risk in the marketplace. To do this service, simply receive META 1 coin to a trust account, and send it to the other party when the buyer and seller meet their terms. Its a simple members only service that remedies paused withdrawals. This service can eventually be extended to include certain goods for long-distance sales.
Answer:
The META blockchain has the building blocks built in to be able to have a completely automated escrow service. This would take some further development but it is something we have planned to do in the future once we are able to expand operation abilities again. As for a manual bridge solution, it is a great idea and can be discussed. The limiting factor for us at the moment is the availability of human resources to be able to manage this service.
Question 9:
When core liquidity arrives, and real crypto enters the pools on the DEX, what exactly will happen to the current UIA assets members are now holding, and how much liquidity will be injected overall?
Answer:
This is not exactly how it works, as native assets such as BTC cannot live on another blockchains. This goes for all kinds of assets, just like META 1 cannot live on the BTC blockchain. Here is the way it works, take the popular Fantom blockchain for example, Fantom has BTC on their chain and they do this by creating a Fantom version of BTC. When a user wants to move native BTC to Fantom’s chain, they use a bridge service or an Exchange that essentially gives them Fantom BTC in return for Native BTC.
This is the same way things work with META 1, the difference is we have our own exchange. When liquidity arrives, BTC on the META 1 network will be backed up by native BTC assets held in a cold wallet. Then when a wallet requests a withdraw, they will essentially swap BTC on the META 1 chain for native BTC which will be sent to the members Native BTC external deposit address from said cold wallet.
Question 10:
Currently, unaware buyers or sellers trading on the lite wallet risk potential losses on the DEX. What is going to be done to ensure the DEX bots no longer incur imbalanced order books, and stuck prices when core liquidity is implemented?
Answer:
The bots are run by automated processes. We are working to improve and tweek these processes in order to ensure pricing stays constant with market prices.
In Honor,
The META 1 Team
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