Much like the early days of the Internet, blockchain technology, cryptocurrency, and decentralized systems today remain inaccessible to a broad and diverse group of users. While emerging blockchain technologies have revolutionized usability among an elite developer community, it has fallen short in making the development of cryptocurrency, blockchain technology, and decentralized applications easy and accessible to entrepreneurs and innovators, regardless of their technical acumen or literacy.
The time has arrived to take decentralized applications, which have shown so much promise in Bitcoin and Ethereum, to the next level. Metabase cryptocurrency and blockchain platform will be built from the ground up to empower the world’s most underused resource entrepreneurs. A platform that enables a broad and diverse group of entrepreneurs and innovators to build blockchain powered decentralized applications and scale next-generation businesses that can impact global society.
About Metabase
Metabase is a high-performance, scalable blockchain protocol for developing decentralized applications and next-generation businesses. Starting with a systems design perspective, and the premise that there are currently no comprehensive blockchain platforms for developing simple to complex applications on a robust digital infrastructure, Metabase aims to be the first extensible blockchain system for running distributed applications across a variety of use cases. The Metabase Network will operate based on an open-source protocol maintained by the Company and other contributors. Metabase is currently aiming to raise $41m USD in ICO for the development of their mainnet.
The company behind Metabase, Intrepid Ventures, is a Hong Kong-based blockchain venture studio with a strong team that is building blockchain startups .
Tentatively, It is the belief of metabase that world changing ideas are being left unrealized at a time when they are needed most, such ideas like ,powerful technological, social, and economic shifts impacting individuals, industry, nations and the global economy, legacy financial institutions, governments, and other power centers shortcomings, as their inherent makeup impedes entrepreneurship and innovation at scale.
The notion that cryptocurrency and blockchain technology can be a foundation for innovation that if constructed to empower individuals from wide global diasporas, and at varying levels of capabilities, will be able to inspire invention and the courage necessary to address some of the world’s most pressing issues.
Challenges
Financial Inequality and Access:
Without access to formal financial services, approximately 2/3 of the world’s population will remain excluded from advancements that bring much needed social and economic stability.
For hundreds of millions of low-income people, access to formal financial services will mean the continuation of real economic growth and formal inclusion into the global economy.
A move toward a new era of openness, decentralization and global inclusion where the elimination of intermediaries and significant inefficiencies lead to ready availability of financial products for individuals with varying needs is a necessity.
Corporate Consolidation:
Today most industries are oligopolistic in nature. Corporate consolidation is having a negative impact on global innovation. Recent years have seen records set for corporate mergers and acquisitions.The trend toward heavily consolidated industries is resulting in less incentive to innovate as competition is on the decline.
Increasing competition by enabling innovation from smaller challengers will not only create more consumer choice but will also reallocate wealth to those who can harness technology and human ingenuity. It is imperative that the tools for innovation are evenly distributed and accessible if we are to make progress on our greatest challenges.
Digital Security, Sovereignty and Privacy:
For individuals, industry, and government, the world has entered a time of unprecedented risk and complexity. Data breaches have impacted companies and government agencies around the world. From Yahoo, Sony and Target, to the NSA and US Department of Defense, sophisticated hackers are stealing highly sensitive data on an unprecedented scale.
These breaches have caused significant losses in productivity, decreased consumer trust and immeasurable financial and political costs. There is a need for an advanced approach that provides a new level of data security and sovereignty.
Demographic Shifts:
The world is getting older, especially in developed countries. The world’s ageing population is placing strain on government’s ability to provide basic services, especially in Healthcare.
In the developing world, particularly Sub-Saharan Africa and Asia, future demographic challenges center around high population growth coupled with a trickle down of innovations that are driving a rapidly growing middle-class.
More resource efficient services and new infrastructures that can provide high quality services at a low cost are needed
Solutions
To truly democratize global entrepreneurship and drive innovation Metabase must provide founders and small business owners access to tools which make the creation, development, and scaling of next generation businesses feasible and impactful.
Metabase will help entrepreneurs, small business, and enterprise build their business to be future-proof and sustainable using blockchain technology to make a positive impact and provide the requisite tools to power prosperity.
Entrepreneurs — Metabase will help Entrepreneurs provide innovative cryptocurrency and blockchain toolset to build, collaborate, grow and monetize new businesses. From concept to launch founders can deliver new products and services quicker than ever before by building their business and/or dApps with Metabase.
Small Business — Eliminate the difficulty and technological hurdles that are inherent in many blockchain platforms. Adopt, integrate, and take small businesses to the next level.
Enterprise — Progressive organizations that embrace change, can use Metabase to reinvent themselves and create sustainable futures. Re-invent the competitive arena and developing game-changing applications that can power collaborative industry consortiums.
Governments — Develop a blockchain infrastructure that enables industrial, private/public collaboration. Metabase wants to help equip emerging smart nations with a digital infrastructure that facilitates innovation and powers the evolving services and outcomes citizens demand.
Tools
Metacore — Store of Value
- Metacore is the primary token of Metabase. It will be issued in the ICO and traded on exchanges.
- To pay transaction fees on the blockchain, a Metabase node converts Metacore to Metabit tokens using the prevailing exchange rate and then pays the appropriate fees.
- Metacore tokens issued via mining will have a deterministic reducing/deflationary supply — similar to Bitcoin but with different generation parameters.
- Generation parameters of Metacore tokens are hard-coded into the protocol and can’t be modified by Governance Mechanics (will be determined after pre-ICO)
Metabit — Medium of Exchange
Metabit is the principal medium of exchange within the Metabase ecosystem. Besides being the native cryptocurrency,
it ;
- Will be used to denominate transaction fees.
- The currency is inflationary in supply, therefore creating a decreasing exchange rate with Metacore over time.
- The inflation rate of Metabit is dynamic and governed by the governance framework of Metabase
Token Details
In total, 8 Billion tokens will ever exist. The Pre Sale has a token sale cap of 400 Million tokens and the Main Sale has a token sale cap of 2 Billion Tokens. A buyer can’t purchase more than 10% of the total tokens allocated for the Pre- or Main Sale.
Token Name: Metabase Token
Token Symbol: META
Token Value: $0.02
Pre-Sale 2: July 10, 2018
Pre-Sale 2 End: August 17, 2018
Main Sale: September 4, 2018
Main Sale End: November 2, 2018
Total ICO hard cap : $41,840,000 USD
Token Distribution
Use Of Proceeds
Technology 30%
Community 20%
Talent 15%
Operations 15%
Security 10%
Legal 10%
Roadmap
Metabase have ambitious goals which will enable them to set new standards for the crytocurrency market. To achieve this goal a strong Team is built with all the necessary skills, talents and long-time experience needed for the project. Most of the team members on Metabase have verified LinkedIn profiles. This is all good because the more transparency a company have in regard to their team, the more trustworthy they typically are.
The experienced management trio, namely Collin Thompson, Zach Piester and John Paul Armenio, shows a diverse skill-set with deep expertise in blockchain development, finance, law, business development, and entrepreneurship making the team well-rounded and highly capable of executing such a complex project.
Conclusion
Metabase whitepaper have got some in-depth analysis about the project , you can click on the link below and find out more on this project. This article is just a guide to potential clients, stakeholders and everybody itching for a snip of this wonderful project.
You can be a part of this tremendous project, follow these links for more information;
Website: https://metabase.network/
Metabase Blog: https://medium.com/metabase-blockchain
Reddit: https://www.reddit.com/r/Metabase/
Facebook Messenger: https://www.messenger.com/t/weareintrepidventures
Facebook Page: https://www.facebook.com/metabasenetwork/
Twitter: https://twitter.com/iv_metabase
Telegram Metabase - https://t.me/metabasenetwork
Technical White Paper: https://whitepaper.metabase.network/
Token Sale Economics: http://token.metabase.network/
Research Roadmap: https://roadmap.metabase.network
Bounty program thread: https://bitcointalk.org/index.php?topic=4416839.msg39350788#msg39350788
Whitelist: https://intrepidventures.typeform.com/to/xrYCTz
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