Dear KuCoin Users,
Please take note of the following schedule:
Deposits Effective Immediately
Buying order: 17:30 Feb 13, 2019 (UTC+8)
Selling order: 18:00 Feb 13, 2019 (UTC+8)
Withdrawal: 18:00 Feb 15, 2019 (UTC+8)
MetaHash is a fast PoS blockchain with real-time dApps and Apps-Browser & Wallet.
High bandwidth lets the network lower individual transaction costs and be appealing for developers to use it while paying enough to node operators from the quantity of transactions.
MetaHash basic information:
- New PoS blockchain with improved network performance
- Fast transaction confirmation: normally under 3 seconds
- High capacity: over 50 000 tx/second
- Decentralized cloud for Apps that work in real-time
- MetaGate software that serves as a Wallet and Apps-Browser
- Forging reward distribution: 50% to coin owners, 40% to node owners, 10% to Wallets
1-100 MHC give the ability to earn coins using MetaGate
2-Any amount of MHC can be delegated to a node to protect the network and get rewards for staking.
3-Anybody can run a node with a starting stake of 100 000 MHC.
4-Decentralized cloud hosting can be paid with MHC.
Metahash Company Summary
The company is registered in Switzerland and seems to comply with the laws there. Both policies currently required- KYC and AML – are present for the ICO of the project. Metahash aims to become the next decentralized application platform, doing so by utilizing their creation – TraceChain – which is capable of much faster transaction processing and verification, mainly due to the newly-developed MetaPoS consensus.
The team has provided a satisfying technical documentation written with quality and an easy to understand language. Furthermore, their documentation presents the tests on their platform, and their solutions: MetaApps, MetaGate, TraceChain, and the MetaHashCoin.
The team is experienced in developing software projects, programming, blockchain technologies, and architecture, as well as business and marketing fields. The project is being advised by Ian Balina, Scott Walker, and DNA, as well as partnering with 100x Advisors.
Their social media presence is strong, and there is hype around this project. There is a third party legal consultancy firm which provides the needed services for the project – KPMG AG, based in Switzerland as well.
The business plan of MetaHash relies fundamentally on the fact that their blockchain has the potential to have a much more scalable model than the others on the market. They are providing a dApp platform with a Self-Financing option for the dApps made, which is controlled by the MHC holders.
Any app developer can program an application to use a certain share of its revenue to support its work in the network and keep the rest of the revenue to finance further app development. In this model, the team that develops an application can be selected by the users of the project through general voting. The issues of marketing and the need for other services can be addressed collectively too.
Overall, the ecosystem that the MetaHash project strives to build consists of 4 components – TraceChain, MetaApps, MetaGate and – the economical part – the MetaHash coin.
Excellent technical description. The Yellow paper provided by the team is written in understandable language and the technology is explained in detail. The yellow paper presents to the reader an overview of the system architecture and processes, while also providing results from the completed network tests.
Legal & Disclaimers Description
Team and Advisors Description
The project is result of the join forces of three different companies. There is a substantial amount of information that is covered regarding the team, their background and the organizations that have teamed up together to complete the project. Key figures are presented with their names, titles, actual photos, short bios and links to the profiles on the social networks, where they have profiles.
Roadmap & Milestones
A detailed roadmap was presented covering all of the development goals for each quarter until Q1 2019. Although it is not covering very long period of time, the team did its best to be present all major milestones in as much detail as possible.
Team And Advisors
The team doesn't have a single “face” for the company, as it is a result of joint forces. Nevertheless, it was decided to use both Gleb Nikitin and Anton Agranovsky as the official personalities, due to the fact they have the most presence online from the team.
Gleb Nikitin is a serial entrepreneur with many years of experience in the development of large-scale technological projects. He is the Founder of AdSniper. Over the past 10 years, the company has created highly loaded advertising networks, used by the likes of Nissan and McDonalds. The company's own large data processor incorporates servicing petabytes of data, fast NoSQL and SQL databases, artificial intelligence systems and C ++ libraries for highly loaded advertising services, processing requests for advertising from the entire internet. Gleb studied Economics, first at Plekhanov Russian University of Economics, as well as at University of Mannheim.
Metahash was formed and developed by 3 different teams, which are contributing different aspects within the project. AdSniper is a company with advertising networks that focuses on development, AdNow, which is the marketing platform for the project, and agranovsky.org, a business development and investment company that provides the business development expertise. There seems to be a large amount of people on the project, which appears to be too difficult to scale. The army that stands behind the project is close to 150 people.
Team Skills and Experience
The project is fundamentally made by 3 different companies. However, they are primarily focused on the marketing and business development, with the exception of Adsniper. While there are no members of the team with previous experience on startups, or in the blockchain industry, they have a solid background in the data transfer and storage area.
Advisors Background, Experience and Feedback
The Metahash team has a comprehensive amount of advisors from huge influencers in the crypto industry to advisors and co-founders of other crypto projects.
VCs + Investors
CryptoBazar has officially invested during round A by purchasing tokens of Metahash project. MHC have also been bought by DNA, the team of Advisors, and many others.
Metahash project partners with 100X Advisors – a full-service blockchain advisory firm, as well as with HashEx.
Ian Balina is an advisor of theirs and has made a video with their co-founder.
No information regarding market makers.
The founder tokens are locked until 2020.
Speed of Selling Out
1 Month 18 Days
ETH 300 worth of tokens were distributed via a bounty campaign for social promotion.
Hard Cap Amount
Type of Project
Metahash is a standalone blockchain with a dApp platform functionality that has a self-governance feature. Metahash strives to establish and develop an ecosystem that has 4 major components – TraceChain, MetaApps, MetaGate and MTH (Metahash Coin). All four of the elements form a complete and sophisticated environment, aiming to be a basis for future developments in crypto world.
Percentage of tokens sold on Public Sale
The ICO event was successful, collecting 100% of the Hardcap.
Most of the comments from the community are informative in nature and do not seem to have personal viewpoints attached to them.
Technology & Development
Product Development Progress
Metahash have already built some tools which are usable. More functionality and additional tools will be introduced in the future as well. Overall, the network is live as well as forging, meaning the MetaHash can now be used to develop decentralized apps.
Blockchain Technology Usage and Innovation
The team is presenting several protocols which have promising potential for the blockchain industry as a whole, such as their TraceChain, which is an automatic self-learning routing protocol for maximising bandwidth.
Dependencies to Third Party Platform or Service
MetaHash is powered by its own blockchain architecture, with claims for a serious advantage when it comes to TPS. #MHC is a separate independent coin that operates in a separate chain. Nevertheless, some mirror contracts in Ethereum and #MetaHash exist. These mirror contracts allow for the tokenizing procedure of ERC20 tokens in both directions.
Blockchain Advantage, Effects on the Market
In comparison to previous blockchains, MetaHash is presented as superior in terms of speed and decentralization. However, this does not mean that the project does not have a solid competition. Ultimately, MetaHash is the only project now live with these features, though.
Decentralization of the System
The network is aiming for full decentralization. This can be easily understood by performing a quick analysis of the whitepaper. All four components are designed in a way to setup an ecosystem that will completely facilitate blockchains' main purpose – decentralization.
System Security Measures (Technical)
MetaHash is using a multi-layer consensus system – MetaPoS – which enhances the resistance against a 51% attack to 90%. There is a provided assessment of the risks done by HashEx, stating different types of risks based on their probability to occur. The risks are presented in 3 categories – low, medium and high.
The wallet application was tested during the analysis. The user has the ability to generate a wallet and use it to store their MHC coin. With the network now being live, it is possible to use MetaHash.
We sincerely appreciate your support and understanding, we hope this information proves useful to all users and potential investors.
The KuCoin Team.