About Metaverse ETP ETP has an outstanding offering of 79, 158, 582, 54 ETP and a maximum offering of 100, 000, 000, 00 ETP. Metaverse presents itself as a public open source blockchain project that seeks to provide a foundational infrastructure for social and business needs. To help foster development on the blockchain, Metaverse created the Metaverse Foundation, which invests in and incubates Metaverse-based startups. Its price is not anchored to any fiat currency or cryptocurrency, but to the development of the Metaverse ecosystem and market demand.
Metaverse also introduced the Metaverse Smart Token (MST) token standard, which is similar to ERC-20 and NEP-5 on Ethereum and NEO. The Metaverse Avatar is a digital identity solution on the Metaverse blockchain, where various pieces of relevant information will be attached to each avatar's unique index and encrypted for data privacy. The Metaverse Smart Token (MST) is not a cryptocurrency itself, but is the form that digital assets take on the Metaverse blockchain. The new Metaverse network focuses on the infrastructure layer of the blockchain and is primarily focused on revolutionising the decentralisation of the Metaverse blockchain.
There are several wallets that support ETP, including the official Metaverse wallet for desktop, web and mobile, along with third-party options such as Cloud Wallet and Metaverse Lightwallet from MyETPWallet. The Metaverse cryptocurrency, ETP, is glorified for its unique implementation as a measure of digital assets through Metaverse Smart Token (MST), while also being used in blockchain transactions as collateral. Previously, the Metaverse blockchain charged somewhat higher transfer costs, making it difficult for developers of decentralised applications to deploy it on the platform. In addition, a further 25 million ETP tokens are earmarked to develop and support Metaverse-based blockchain projects through the Metaverse Foundation.
Furthermore, there is the PoW reward mechanism; these are specific ETP tokens that facilitate the development and growth of the Metaverse network.