What Is MetFi (MFI)? Complete Guide & Review About MetFi

What Is MetFi (MFI)?

MetFi provides high yield staking through utility NFTs. The funds are governed by the community and used for investing in and incubating new Metaverse and web3 project with Unicorn potential. The profits are shared with the staked MFI holders. All decisions are made by the community through DAO voting done on Snapshot. This gives every community member an option to participate early stage projects with high yield potential.

Important Points Table Of MetFi

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Mission

MetFi DAO is a Decentralized Autonomous Organization (DAO) that launched on Binance Smart Chain on May 21, 2022, as the world’s first DeFi 2.0 collectible NFT ecosystem focused on incubating Metaverse and Web3 unicorns and sharing the returns with all NFT owners. MetFi aspires to be the world’s #1 Metaverse and Web3 incubator, executing strategic early-stage investments in the next wave of Metaverse and Web3 unicorns, giving individuals all over the world an early stake in these projects long before the general public learns about them.

MetFi Coin sees metaverse and Web3 projects through a corporate and institutional lens so incubates projects to that level by introducing them to its community and global network of advisors spanning multiple disciplines and verticals. This also invests in more established projects with compelling roadmaps, outstanding teams, and large, engaged communities with a strong likelihood of medium and long-term success.

Technology

MetFi successfully launched one of the largest smart contract deployments in blockchain history with not one bug or error in sight. This is fully based on smart contracts allowing it to function in a decentralized and autonomous manner. The smart contracts operate autonomously via self-executing actions on an immutable set of instructions and algorithms that have been baked into the code, producing predictable results without any person ever being able to alter it. This gives the community assurances that the core of the system will keep running predictably and reliably and in the same manner from its deployment into the unforeseeable future.

Community

MetFi Coin DAO is 100% owned by its community of NFT holders and MFI token holders. The community steers DAOs direction by voting on the proposals that are placed before them by multiple experts in their respective fields, answering the community’s questions, and informing them of the pros/cons, risks/ rewards, and the expected outcomes of approving or rejecting each proposal.

Proposals such as which projects to invest in and incubate, which features and innovations to add to the ecosystem, and so on – the community votes on all important decisions affecting the ecosystem, and the community is encouraged to voice their opinions and ask questions on all proposals in a safe, open and public forum in the Discord server.

Token

MFI is MetFi DAOs native token on BNB Smart Chain (BSC). MFI has experienced very strong price appreciation since launching at $124 – just 3 weeks later, MFI was trading at around $2,500, a 1,900%+ increase. MFI entered the CoinGecko 7-day biggest gainers list on June 3, 2022, at #16 and consistently fluctuating between #5 – #12 at the time of writing. MFI is also #6 on the 14-day biggest gainers list.

Over 99% of MFI tokens are staked to NFTs – generating APY (compound interest) every 12 hours per the staking protocol that has been locked in a smart contract. MFI tokens are purchased with BUSD on the platform (sometimes at a discount to the market price) and are openly traded on PancakeSwap.