This white paper is for
Readers are advised to carefully review the entire document before making any decisions about participation. META 1 Coin Trust is not liable for the reader’s decisions.
META 1 Coin Trust is a Private Trust and all contracts extended are considered private.
META 1 Coin is secured by gold with advanced smart contracts creating the World’s First Appreciating Stable Coin. META 1 Coin has developed the most advanced financial blockchain technology creating new possibilities that were considered impossible by others.
META 1 blockchain’s advanced features are to include escrow services, realtime leveraged loans, non-fungible tokens, integrated liquidity pooling, complex asset assignment, valuation, and much more. All this functionality with the fastest transaction times and global scalability.
META 1 blockchain has Quantum Computing architectures integrated with the block-chain delivering quantum-proof encryption for META 1 tokens. Additionally, META 1 is utilizing several quantum algorithms creating financial possibilities that have never existed in finance. META 1 Quantum functionality will be in production with Quantum proof keys by 2022.
META 1 is trailblazing in the crypto-world, it has not only created a coin, but has also created a new financial system. One based on abundance and Honor in favor of Humanity. META 1 understands Humanity has been enslaved by the old financial system for far too long and is no longer accepting this as the “new” reality.
META 1 believes that Humans have needed a liberating platform to transact and convey commercially. By utilizing blockchain technology and the simple premise of private “Peerto Peer” architectures, META 1 has developed a financial system, for the first time in millenniums that favors Humanity vs enslavement.
META 1 has institutional investment and transactional capability through META INVESTMENT BANK and can distribute the profits to META 1 Coin holders by way of smart contracts.
META 1 Coin infrastructure includes a Private Blockchain, Exchange, and Bank allowing unencumbered transactions, superior liquidity, and security.
The META 1 technology has been released we are excited to announce the production pilot phase has commenced. Global deployment Imminent.
Chief Joseph Good Cane Milk
META EXCHANGE is the commercial trading facility with the major crypto markets fully integrated to ensure diverse markets and liquidity.
The META Exchange is a Decentralized Exchange (DEX) that allows for direct peer-to-peer cryptocurrency transactions to take place online securely and without the need for an intermediary.
Direct peer-to-peer transaction without the STATE are transactions for a Free and Empowered Human.
META 1 operates within a private trust in a “Private Jurisdiction.” This means that META 1 Coin is not within a State or Federal jurisdiction and it does not accept contract attempts from such parties. Government agencies and their attempts at defaming and stopping the advent of private digital assets have no legal bearing on META 1. This allows META 1 to operate without the interference of such agencies.
META1 Coin’s system known as Universal Law, creates a Private Irrevocable International Trust and several other legal instruments for all coin holders that ensure META 1 is contracting with a real Human and not a state-created entity, known in legal terms as a state or corporate fiction. By doing so, META 1 protects all coin holders legally and properly integrates them into the META 1 Coin Private Jurisdiction. This allows META 1 Coin to enforce the private status for coin holders and the Trust alike. META 1 Coin’s legal team takes a proactive approach to vigorously defending individual rights regarding digital assets. It is a necessary posture to ensure personal liberty while executing private transactions during these early days of digital assets.
META1 Coin Trust
The META Trust design is critical to preserving individual freedom and driving abundance for Humanity, especially as corrupt agencies that have failed the world, attempt to preserve and revise their economic systems of control.
After government leaders held a G7 summit in 2020, the truth was no longer hidden. Central banks intend to control crypto so they can release their own digital coins and have an upper hand in the market place.
These efforts are why META 1 Coin operates under a Private Irrevocable Trust created by a highly Secured Party Creditor. META 1 Coin Trust does not accept contract attempts by lower-level jurisdictions. META 1 Coin Trust was designed for Humanity and no nation has jurisdiction over Humanity.
The unprecedented upside potential of the META 1 Trust design has been recognized and has made way for global impact.
On July 4th, 2020, META 1 Coin Trust started out by assigning $8.8 Billion in gold reserves and other assets to the fixed number of 1 billion META 1 coins.
These asset-backed digital coins serve as upgraded replacements for sovereign currencies that are stores of value and are not securities.
META BLOCK ACTIVITY
META BLOCK WITNESSES
META BLOCK CHAIN
METANOMICS is a free market for Sovereign living, breathing Humans trading between each other and no Government Agencies, Taxing Authorities, States or Banking Institutions. METANOMICS is the complete adoption of digital coins, Distributed Exchanges, and Sovereign Private Banks.
META 1 Coin believes the empowered Human is the answer to major issues plaguing Humanity. As empowered Humanity transacting in commerce, unencumbered, is the most powerful economic stimulus plan that is rooted in longevity. METANOMICS is the result of Humanity fully integrated with META 1 Coin, META Exchange, META Investment Bank, and Universal Law.
This paper will explain a few important concepts, including the importance of a private asset-backed currency, the vulnerabilities of the current economic system, and how META 1 Coin can help people preserve their assets.
The goal of META 1 Coin Trust is for global humanity to benefit from the potential abundance and freedom of this asset-backed digital coin. META 1 Coin will enable all types of coin holders to easily purchase a digital currency where potential appreciation is facilitated by smart contracts. It will also help META 1 Coin holders to convert their holdings into a more reliable, scalable, secure, and liquid form of digital currency.
Its value will likely increase substantially over time depending on market conditions, though any potential gains are not guaranteed. It is advisable to consult an expert and do your research before purchasing any cryptocurrencies to ensure that potential risks have been considered.
META 1 Coin utilizes smart contracts to ensure all aspects of operations are executed properly. Smart contracts are logical processing elements that assign and verify assets in the META 1 block chain. The smart contracts noted below control the values of META 1 Coin and ensure the scalability of META 1 Coin’s expansion.
Asset Purchased “In Processing” Smart Contract META 1 Coin Trust will continually purchase new assets and publish acquisition information. During this acquisition process, META, 1 Coin Trust will complete asset evaluations before releasing final affidavits defining new assets. Surety bonds will then be issued, and new assets will be ready to be verified. The Assets Purchased “In Processing” Smart Contract is essentially a queue of soon-to-be Verified securities that serve as asset-backing for META 1 Coin.
Once fully validated, new assets will be assigned to the Asset Verification, Smart Contract for final verification. This will provide the market with transparency concerning new META 1 assets that are soon to be allocated as security for META 1 Coin. During the In Processing stage, 25% of the asset’s market value will be transferred to the Coin Appreciation Contract, increasing META 1 Coin values accordingly.
Asset Verification Smart Contract This smart contract will verify assets’ values and authenticity. Up to six third parties will confirm assets by publishing a professional opinion notice. All opinion notices will be published on the META 1 blockchain per asset. Once the asset has been verified, the status of verification is embedded into the blockchain of META 1 Coin. All asset verifications are part of every coin in real-time for perpetuity. This represents real-time perpetual due diligence, ensuring all participants of valid asset assignment. When the Asset Verification Smart Contract process is completed, the remaining 75% market value of the verified asset will be added to the Coin Appreciation Smart Contract, increasing the value of META 1 Coin accordingly.
Coin Appreciation Smart Contract This smart contract cannot be altered. It automatically increases META 1 Coin value based on the value of new assets assigned to META 1 Coin Trust.
This contract is defined as nine times (9x) the newly added asset value, plus the original entire asset value, divided by the fixed number of coins (1 billion), which equals the value per coin. As the asset is “In Process” and then “Verified” in two other smart contracts, META 1 Coin will ultimately realize 100% of the market value of the new asset.
Smooth Allocation Smart Contract The Smooth Allocation Smart Contract will add the value of newly acquired assets to META 1 Coin slowly. This smart contract will facilitate a smooth upward trend in value while providing face value transparency of new assets and their assignment. This contract will calculate added value as follows: Assume an asset market value equals $1,000,000,000. This value will be divided by 52 weeks.
When the smart contract divides the market value of the asset ($1,000,000,000 / 52 weeks), $19,230,769 per week of asset value is assigned to META 1 Coin. This amount will be added to the Coin Appreciation Smart Contract. Then the Coin Appreciation Smart Contract will increase META 1 Coin value as per its contract. New assets will also be assigned to the Asset Purchased “In Processing” Contract. This will show coin holders that a new asset verification is in process and that META 1 will slowly infuse value into META 1 Coin.
Asset Value Smart Contract META 1 Coin values will also be affected by broader financial markets. We are integrating market feeds from various indices. The integrated feeds are called market witnesses, and this service is embedded into the blockchain, ensuring persistent functionality, and automatically adjusting META 1 Coin prices according to real-time market conditions.
Meta 1 Coin Can Not Be Sold For Less Than Asset Value The total asset value of META 1 Coin is comprised of the sum of all assets in the current portfolio at a given point in time. The total asset value is known at all times and is part of the evaluation of each coin. For example, if the asset value equates to a per coin value of $1,000, then smart contracts dictate that the sale price cannot be less than $1,000. Coin holders cannot sell META 1 Coin for less than the asset value on the META EXCHANGE or other Exchanges. This contract ensures that META 1 Coin, at a minimum, appreciates based on the value of current assets backing the coin. When META 1 Coin trades at values that are greater than asset value (in other words, market values have exceeded asset value), META 1 Coin Trust will expedite the assignment of additional assets to ensure stability. The market increase beyond current asset holdings will be supported with additional asset assignments on a continual basis which will help secure META 1 Coin’s appreciation trend.
Meta 1 Coin Can Only Be Purchased By Living Humans Living breathing Humans can buy META 1 Coin. Corporations (Corporate Fictions) and non-living entities are not permitted to buy META 1 Coin. META 1 Coin is a coin for Humanity and needs to stay in the possession of Human Beings. This smart contract is enforced via biometric authentication into the system’s “Know Your Client” procedures and programmatic verification of user accounts. META 1 Coin also establishes a Private Irrevocable Trust for each Human receiving a wallet and or META Investment Bank account to ensure proper contracts with Humans and not corporate fictions.
Market Appreciation Variable
Trading volumes, supply, and demand within exchanges will also affect META 1 Coin values. This Market Appreciation Variable is not a contract; however, it will change the META 1 Coin value. Markets tend to respond favorably to coins in high demand.
META 1 Coin Trust is positioned to have assets supporting the swings in the market value and will assign assets to the META 1 Coin to backfill appreciation of the market. This will help facilitate stability and growth in META 1 Coin’s value. All META 1 Coin transactions are performed using smart contracts on a blockchain with market witnesses. META 1 Coin Trust believes we have perfected cryptocurrency for the market with an advanced Witnessed Collateralized Quantum Smart Private Digital Currency that is called the Appreciating Stable Coin Secured by Gold.
The network itself implements all smart contracts on the blockchain. The network secures collateral, performs regular asset evaluations, verifications, and determines authenticity. Also, the smart contracts include: market witnesses who verify the feed settlement value derived from external market conditions, acceptance of
new asset values, and verifications of authenticity. Market witnesses are needed to continually evaluate settlement values of “like” assets, bonds, and market indices. META 1 Coin uses Smart Coin technologies that ensure proper execution of META 1 Coin transactions on the blockchain. This emerging technology has enabled META 1 Coin Trust to design META 1 Coin - a revolutionary financial instrument available as a Private Digital Currency.
Martin Luther King, jr.
Opportunity Statement and Vision
The crypto movement has ushered in the opportunity to prosper through widespread decentralized access to wealth. META 1 embodies the original ideals of the crypto community, as META 1 Coin stands apart from traditional fiat currencies such as the US Dollar or “Political Fiat” which has been controlled by central banks, government agencies, and financial institutions. Historically, these power brokers have enabled segments of society to become wealthy, while majority have struggled to prosper within a system that has been heavily stacked against them.
META 1 Coin Appreciating Stable Coin secured by Gold is a superior coin entering the market. META 1’s mission is to provide abundance and equity to everyday people. META 1 actively advances the cause of Human Rights and leads the fight against excessive
government regulation and overreach by providing systems that cure human rights, free enterprise while protecting and facilitating wealth.
META 1 facilitates sovereignty for all coin holders through Universal Law, and has established a financial abundance that is not just shared with the elite, but with all humans.
The vision of the new abundance in the METANOMIC’s economy will enable the trust creators of the economy, “the People” to not be diluted and or disabled by the Government, therefore anchoring in great innovations and wealthy while ushering in the next millennia of great abundance and honor.
and its importance
Several technologies have stunned the world over the last two decades. These technologies include the World Wide Web, cloud computing, smartphones, and social media. Now comes a technology that has the potential to disrupt the global economic system, and this technology is Blockchain technology. This technology is still new, and most people do not have much knowledge about it. The potential of this technology is demonstrated by the world’s most popular cryptocurrency, Bitcoin.
Blockchain technology gave birth to dozens of cryptocurrencies over the last few years. The most attractive feature about these currencies is that most of them are decentralized. These currencies received the attention of big investors who have and continue to secure positions for the anticipated wave of mass adoption. The total market capitalization of crypto currencies reached new heights in 2020/2021, reaching over $768 billion during the last week of December 2020. There was significant volatility in 2020, demonstrating the need for innovations such as META 1 Coin.
BSV Bitcoin SV
2020’s Biggest Cryptocurrencies Ranked By Performance
The above figure depicts the top 10 cryptocurrencies as per their performance in 2020. The 600% + increase in the value of any commodity seems impossible, but Ethereum increased by 629.02% in 2020 which made it by far the best investment option of 2020.
META 1 has taken crypto to the next level by not just transforming from a fiat US Dollar to a fiat Private Digital Currency but has created a Smart Coin with collateral, and a market Witness incorporating external market feeds. META 1 is the next generation of Collateralized, Smart, Private, Digital Currency.
Appreciating Stable Coin
Appreciating Stable Coins are Asset-Backed Smart Digital Tokens. Assets are assigned to these tokens to established the asset value. In addition, these tokens can receive additional assignments of assets and or income assigned from assets. In turn, the additional assignments are then added to the asset backed smart digital tokens’s appreciation.
Furthermore, this coin has a published asset value, and the coin cannot be sold for less than the asset value. The function is enforced by smart contracts and cannot be over written.
The Asset-Backed Digital Token “Appreciating Stable Coin” has a market value. The Market value can be higher than the asset value and can fluctuate as per the supply and demand of the coin. When the Market Value is higher, the Appreciative Stable Coin has a larger market cap and liquidity. Allowing additional asset acquisition and assignment ensures the asset value, tracks close to the market value, ensuring the most stable and appreciative environment.
All business aspects of the operation of the Appreciate Stable Coin are embedded into the META Blockchain by smart contracts. Smart contracts are un-breachable contracts that are enforced and executed within the functions of the blockchain.
META 1 Coin is the first Appreciating Stable Coin secured by gold and this technology is the summation of many financial products. META 1 Coin has the Appreciating Stable Coin delivered on the most financially feature-rich blockchain in the establishment for what Humanity has needed.
META 1 BLOCKCHAIN ASSET ASSIGNMENT
The META 1 Coin’s architecture supports the assignment of numerous asset types to the coin - all of which facilitate coin appreciation. Asset assignment information will be visible through a publicly accessible website and will also feed into smart contracts algorithms that define the coin’s value.
The image above displays the interface where asset assignment data is recorded for smart contracts and then published on the blockchain for public records.
META Gold Assets
META 1 Coin is secured by a reserve that includes gold assets, along with a combination of other above-ground and in-ground assets. Additionally, Surety Bonds of equal value of gold assignments are issued to insure the assigned assets. Surety Bonds provide insurance for the META 1 assigned assets providing redundancy for META 1 Coin.
The insured gold assets are assigned to META 1 coin using smart contracts.The gold assets that back META 1 Coin provide optimum stability.
The gold asset class also provides a high level of scalability due to the ease in which it can be assigned to the digital coin. Depending on the market’s response, META 1 Coin may experience periods of sharp upward increases in value.
Gold resources enable quick and efficient assignments to the digital coin that facilitate a matching asset-to-market value.
META 1 Coin Trust places gold assets in low-risk high-yield trading platforms that can produce a monthly cash flow. This cash flow will be integrated with META 1 Coin via the Appreciation Smart Contract.
META 1 follows this approach versus tracking gold spot prices since it has more growth potential. As monthly trading income will be assigned to META 1 Coin, value appreciation will occur independently of gold prices and will be calculated based on META Investment Bank’s capabilities and returns.
META 1 Coin Trust and its beneficiaries are in possession of large quantities of in-ground and vaulted above-ground gold assets. These assets will be assigned as needed to facilitate a stable digital asset.
As noted above, META 1 Coin Trust acquires and assigns a diverse mix of gold and other assets to the Private Digital Currency named META 1 Coin. Additionally, META 1 has developed the META EXCHANGE, a Decentralized Asset Exchange that is a fast and fluid trading platform. It combines a high performance, decentralized exchange with a professional trading platform. META EXCHANGE can handle the trading volume of NASDAQ while settling orders instantly. It is integrated with the gateways of all major crypto markets including Bitcoin, Ethereum, Lite Coin, EOS and many others, which helps instill market liquidity. META EXCHANGE is a full-service platform that provides the ability to purchase and sell major crypto and fiat currencies.
Moreover, META EXCHANGE will include the use of non-bank debit cards which will provide immediate liquidity for major currencies. META 1 Coin will be the default currency of META EXCHANGE. Additionally, META 1 Coin has developed a Private Banking Array of diverse multijurisdictional bank systems called META Investment Bank which will have the ability to receive and send unlimited amounts of fiat currencies, thus ensuring adequate liquidity in the marketplace. META 1 Coin has termed METANOMICS for this complete financial ecosystem including META 1 Coin, META Exchange, and META INVESTMENT BANK.
This figure illustrates the METAEXCHANGE which can be used by anyone wishing to trade one digital asset for another. The exchange includes charts, the trading interface for buying and selling, and a dashboard to see account information. Also, the exchange will have explorer functionality providing real-time transaction data.
META EXCHANGE GATEWAY
Behind META EXCHANGE are gateways to other blockchains. These gateways enable access to an array of other digital assets including all top cryptocurrencies by market capitalization. Additional gateways to other blockchains continue to be developed.
META TRADER 5
META Trader 5 is a powerful platform for Forex and other exchange markets. META EXCHANGE provides the necessary support modules for META Trader 5 to enable other trading platforms to operate on the META EXCHANGE.
META EXCHANGE HARD WALLETS
The security of assets is always a top priority. META 1 Coin will be supported by the most popular and secure hardware wallets.
Chief Sitting Bull
META INVESTMENT BANK
META Investment Bank is a private bank with an array of supporting bank charters operating from diverse jurisdictions. The bank conducts unencumbered digital currency transactions. META Investment Bank accepts fiat currencies including the US dollar, unthrottled for the exchange of cryptocurrencies. META Investment Bank is the bridge between the legacy banking system and the evolutionary blockchain banking system of the future.
META INVESTMENT BANK ACCOUNT
The META INVESTMENT BANK customer portal has all the functionality of traditional online banking. In addition, the client interface provides the ability to buy, sell, and trade META 1 Coin and other digital assets. Also, users will be able to send and receive digital assets to and from anyone, anywhere in the world nearly instantaneously.
The META CARD is a typical debit card that is available to META EXCHANGE and META Investment Bank account holders. Account holders can exchange cryptocurrencies for US dollars and or euros in real-time to make non-crypto purchases. Account holders will have access to a secure application for their smartphones that provides real-time use of funds in a dynamic fiat/crypto multi-currency economy.
META Source Code META 1 Coin Trust is the publisher of all required systems and wholly owns all source code for the complete Private Digital Currency ecosystem that includes the wallet, coin, exchange and point of sale applications. In-house resources have developed all software. Strategically controlling all of the system’s aspects at the most granular level of the source code provides numerous advantages. It enables META 1 Coin Trust to continue the innovation and proper administration of the blockchain, exchange, and all future system requirements. This ensures scalability, adaptability and most importantly transparency. META 1 Coin Trust is poised to succeed by not having any dependencies on third parties. META 1 systems are designed to persist with continual, uninterrupted performance in a very dynamic environment.
Monetary Evolution META 1 Coin is a currency for the enlightened, a currency which signifies freedom and abundance. We believe that the market is ready for a currency based on Truth, Freedom, and Abundance versus the current U.S. Treasury, Federal Reserve option of Debt slavery. It is also our belief that this model is scalable and sustainable. This currency provides a way to transition from a system of depreciation to a system of appreciation. METANOMICS, a financial ecosystem of appreciation, has the infrastructure in place to support an abundance-based economy.
Quantum Proof META 1 Coin Public Keys
With the advent of Quantum computing, all passwords or keys requires greater security. META 1 Coin has Quantum encoding of security keys used to access META 1 Coins in beta testing with a production release scheduled for early 2022.
Quantum communication involves encoding information in quantum states, or qubits, as opposed to classical communication’s use of bits. Photons are used for these quantum states. Quantum key distribution exploits certain properties of these quantum states to ensure the highest security. META 1 has invested considerable resources to ensure having keys that cannot be hacked by Quantum computers.
Additionally, META 1 has in production several Quantum Master Nodes utilizing a photonic device integrated with a classical computer, all of which are in an entangled state. META 1 Coin is positioned for superiority of advanced Quantum computing capabilities that is the future of the blockchain and financial systems.
META 1 Coin
Evolving Crypto Technology
META Blockchain is a Graphene™ based blockchain, an industrial strength software platform for deploying next generation cryptographically secure decentralized ledgers known as block chains. Systems based on this technology have orders of magnitude better performance than first-and second-generation Bitcoin-derived systems. These systems offer a broad range of financial services distinguished by their transparency and inherent incorruptibility.
META Blockchain also derives from the BitShares blockchain and incorporates advancements made by the BitShares blockchain community. The BitShares blockchain is a Financial Smart Contracts platform and the BitShares community is a global network of people who all share the same goal of creating and participating in various Distributed Autonomous Communities. This community has made huge innovations and advancements to extend blockchain technology to all industries that rely upon the internet to provide their services, including banking, stock exchanges, lotteries, voting, music, auctions, and more.
Susan B. Anthony
META Blockchain employs a Delegated Proof of Stake (DPOS) consensus technology. This new method of securing a crypto-currency’s network solves the problems of both Bitcoin’s traditional Proof of Work system and the Proof of Stake systems employed by some other blockchains. DPOS implements a layer of technological democracy to offset the potentially negative effects of centralization.
DPOS technology has many advantages, allowing for coin holders to remain in control of their own funds, the system to remain decentralized, massive scalability, high performance, and minimalization of cost to run the network (bandwidth, CPU, memory, etc).
With this superior foundation comes support for Smart Contracts. Smart contracts are special algorithms or logic that operate directly on the blockchain which enforce the terms of the contract for each transaction. These smart contracts are critical for executing transactions in a trustless environment. Usually, a third party is involved in facilitating a transaction between two parties in a trustless environment. These third parties charge fees for facilitation and also store the credentials of traders. Any attack on the third party can discontinue service and compromise the credentials of service users. Smart contracts eliminate the need for these third parties and make the system more secure and private. Automated deposit routing, sliding spending limits, voting-based approvals, and allowances are some applications of smart contracts.
META 1 smart contracts, described in an earlier section, are fully implemented and facilitate stability and growth in META 1 Coin’s value. META 1 Coin Trust believes the smart contracts that make up META1 Coin have perfected crypto currency, providing stability and a predictable upward trajectory in terms of value.
META 1 uses smart contracts for the validation of transactions. A team of blockchain engineers has developed smart contracts which work quickly and efficiently. There are issues with the original blockchain technology developed for Bitcoin which META 1 has sought to address to ensure a more efficient system for META 1 Coin. For instance, the time to verify a transaction can be very high for a long blockchain. This time can increase further if thousands of transactions happen in one second. It is important to note that a large number of devices with blockchain (nodes) validate each transaction, but it also consumes significant time. The Bitcoin blockchain needs validation from 51% of nodes to verify each transaction.
This approach for transaction verification is also referred to as Proof of Work (POW). META 1 uses the Delegated Proof of Stake (DPOS) system which mitigates the potential negative impacts of centralization through the use of market witnesses(formally called delegates).
A minimum of eight market witnesses are elected via votes from those using the network during every transaction. These market witnesses digitally sign and validate blocks. By using a decentralized voting process, DPOS is more democratic than comparable systems. Rather than eliminating the need for trust, DPOS has safeguards in place that ensure that those trusted with signing blocks on behalf of the network are doing so correctly and without bias. Additionally, each signed block must have verification that the block before it was signed by a trusted node.
DPOS eliminates the need to wait until a certain number of untrusted nodes have verified a transaction before it can be confirmed. This reduced need for confirmation produces an increase in the speed of transaction times. By intentionally placing trust with the most trustworthy of potential block signers, as decided by the network, no artificial encumbrance needs to be imposed to slow down the block signing process. DPOS allows for many more transactions to be included in a block than either Proof of Work or Proof of Stake systems. DPOS technology enables cryptocurrency technology to transact at a level where it can compete with centralized clearinghouses like Visa and Mastercard. Such clearinghouses administer the most popular forms of electronic payment systems in the world.
In a Delegated Proof of Stake system, centralization still occurs, but it is controlled. Unlike other methods of securing cryptocurrency networks, every client in a DPOS system can decide who is trusted rather than concentrating trust in the hands of those with the most resources. DPOS allows the network to reap some of the significant advantages of centralization, while still maintaining some calculated measure of decentralization. This system is enforced by a fair election process where anyone could potentially become a delegated representative of the majority of users. Transaction confirmation timing will be carefully addressed in the Satoshi-based blockchain network of META 1, and the Trust will use DPOS to enhance performance.
At META 1 Coin’s current deployment, we can execute 500,000 transactions per second in a public blockchain. More servers will expand the number of transactions per second as needed by META 1 Coin.
There is also a contingency plan in place if the system faces any potential problems. In a scenario where the Satoshi-based blockchain runs into serious problems, META 1 will immediately take responsible, appropriate actions to address and resolve possible network failures. So far, our recovery scenario for blockchain network failure consists of the following major steps:
» Find the last valid block
» Launch a separate copy of the network that will start from that block.
META 1 Private Coin Offering Details
META 1 Coin is currently conducting a Private META EXCHANGE Pilot. Many participants have coins in their META Block Wallet and are successfully trading on META EXCHANGE. The goal of this pilot program is to ensure a smooth roll-out of these crypto products to the global public.
The META 1 infrastructure is in place and is proving to be a solid base for the METANOMICS platform. META EXCHANGE functionality will be ramping up throughout 2021. This includes the META Debit Card, loan functionality, and escrow services. META 1 Coin will launch to the public upon completion of the Pilot program.
META 1 Coin is secured with no links to existing monetary systems, making it the perfect example of a new medium of conveyance. META 1 Coin is an ideal replacement for sovereign currency, considering the status of the Federal Reserve, the US Treasury, and the downward trajectory of the US dollar. The META 1 Coin evolution has begun, and early success has already been achieved.
META 1 Coin will be distributed among the following segments:
- » Private sale
- » Public sale
- » Team members
- » Advisors
The majority of the coins will be sold through a public and private sale, but a small portion of the coin will be reserved for the team and bounties. Executive team members will receive META 1 Coins as a reward for their efforts to develop and manage the infrastructure. These team members will be able to cash out their coin gradually after one to two years. This vesting technique will keep employees motivated and ensure the efficient maintenance of the infrastructure.
Dahli Lama + Bishop Desmond Tutu
Blockchain - a digital ledger in which transactions made in Bitcoin or another cryptocurrency are recorded chronologically and publicly. Many transactions can be in each block, each block linked to the previous and next using cryptography which makes it resistant to modification of its data.
Blockchain Technology - The blockchain is an undeniably ingenious invention – the brainchild of a person or group of people known by the pseudonym, Satoshi Nakamoto. However, since then, it has evolved into something more significant, and the main question every single person is asking is: What is Blockchain? By allowing digital information to be distributed but not copied, blockchain technology created the backbone of a new type of internet. Initially devised for the digital currency, Bitcoin, (By Bitcoin) the techcommunity is now finding many other potential uses for the technology.
Cryptocurrency - a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.
Cyber Coin - A cryptocurrency (cyber coin) is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature.
A defining characteristic of a cryptocurrency (cybercoin), it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation.
META Exchange - An Exchange for cryptocurrencies, Governmental fiat currencies, gold, and silver. Real-time credit cards will be provided for users to convert Crypto to US Dollars or Euros as needed for basic expenses from merchants that do not yet take cryptocurrencies.
ERC-20 Smart Contracts - ERC20 is a technical standard used for Smart Contracts on the Ethereum blockchain for implementing tokens. ERC stands for Ethereum Request for Comment, and 20 is the number that was assigned to this request.
Ethereum Blockchain Ethereum is a decentralized platform that runs Smart Contracts, applications that run precisely as programmed without any possibility of downtime, censorship, fraud or third-party interference. These apps run on a custom-built blockchain, an enormously influential shared global infrastructure that can move value around and represent the ownership of property. Ethereum Platform - Ethereum is an open-source, public, blockchain-based distributed computing platform and operating system featuring a Smart Contract.
Initial Coin Offering - An unregulated means by which funds are raised for a new cryptocurrency venture. An Initial Coin Offering (ICO) is used by startups to bypass the rigorous and regulated capital-raising process required by venture capitalists or banks. In an ICO campaign, a percentage of the crypto-currency is sold to early backers of the project in exchange for legal tender or other cryptocurrencies.
Market Witness – Witnesses (computer software) serve the role of validating signatures and timestamps by including them in the blockchain. The Witness is a component of the smart coin technology. The Witness Service is embedded in the smart coin technology platform.
META 1 Asset Verification Smart Contract - A contract embedded into the META 1 Coin that verifies the authenticity of the asset assigned to the META 1 Coin.
META 1 Coin Appreciation Contract - A contract that utilizes the real-time market feeds to ensure the proper appreciation value of the coin. Refer to the 7 contracts on pages 4 to 8 of the white paper.
META 1 Coin Asset Value Smart Contract - A contract where the real-time asset index fund(s) can affect gold appraised values over specific periods of time.
META 1 Coin Trust - The Private Trust that META 1 Coin originates from.
Proof of Stake (PoS) - This concept states that a person can mine or validate block transactions according to how many coins he or she holds. This means the more Bitcoin or altcoin owned by a miner, the more mining power he or she has.
Proof of Work (PoW) - A Proof-of-Work (PoW) system (or protocol, or function) is an economic measure to deter denial of service attacks and other service abuses such as spam on a network by requiring some work from the service requester, usually meaning processing time by a computer.
Smart Contracts - Smart Contracts are self-executing contracts with the terms of the agreement between buyer and seller directly written into the code that manages the blockchain. The code and the agreements contained therein exist across a distributed, decentralized peer to peer network. Smart Contracts permit trusted transactions and agreements to be carried out among disparate, anonymous parties without the need for a central authority, legal system, or external enforcement mechanism. They render transactions traceable, transparent, and irreversible.
Surety Bond - A legally binding contract that ensures obligations will be met between three parties: The principal (whoever needs the bond) oblige (the one requiring the bond) and the surety (the insurance company guaran-teeing the principal can fulfill the obligations). Witnessed Collateralized Smart Token -META 1 Coin is a coin that has Witnesses that verify proper contract execution. META 1 Coin has security and is collateralized. META 1 Coin is using Smart Coin technology, ensuring dynamic performance.