Metabank is a truely decentralized solution: we are matching lendres and borrowers.

in metabank •  2 years ago 

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Everyone is interested in this topic when it comes to the Metaverse. That virtual reality allows you to redefine the reality where fantasies and dreams come true.

Enough, let's go to Metabank. Among the many services we enjoy in the real world, banking is very important, and if we spend a lot of time in the Metaverse, the use of banking services is obvious. this is the goal of Metabank.

  • Introduce Metabank

Metabank is building the first decentralized bank, Metaverse, using blockchain and information provided by traditional banks as a third party. Metabank can provide both DeFi and mainstream traditional financial services, for example:

  1. Internal wallet and connected wallet
  2. Virtual debit and credit cards
  3. Electronic payments and transfers
  4. Peer-to-peer lending
  5. Deposit and grow with 40% to 80% APY

Metabanks affiliates will operate inside Metaverse with an avatar in each Metaverse branch to reach logged in users. With Metabank, users can link their regular bank accounts and many other online and offline wallets

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  • Internal and Connected Wallets

Metabank users can get wallets from Metabank, which is a decentralized wallet, which means users have the same keys as Metabank or Trust-wallet. If the user chooses, he can connect his wallet outside of Metabank like any other wallet instead of creating a new wallet in Metabank.

  • Virtual Debit and credit card

Virtual cards are like physical cards and are used for all the same transactions, but virtual cards are digital cards and run on your device. Metabank offers this to its users and allows you to make any transaction.

Now you may be wondering how they can issue credit cards, I mentioned that Metabank can access information from traditional banks, this information allows them to obtain a standard credit score. user and other important information that enables Metabank to provide credit to their consumers. When a user connects his or her bank account to Metabank, Metabank, as a third party, may receive financial information about the user from their bank and other financial institutions. Cards issued by Metabank are provided in partnership with MasterCard and Visa so are very secure.

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  • Crypto payments and Transfers

Without leaving Metaverse, users can complete the same transactions they do outside of Metaverse, be it with friends and family for personal use. In addition, Metabank allows users to set up automatic cryptocurrency payments for services, so users do not have to make manual payments all the time like Metabank.

  • Peer to peer loans and Credit purchase

Peer-to-peer lending is a financing method that allows various individuals to borrow and lend money without going to a bank. You might wonder if such a market exists, but you'd be surprised. The value of the global P2P lending market by 2030 is estimated to be around US$84 billion. it will reach 700 billion US dollars. Metabank allows many users of its Metaverse service to borrow and lend money with the 17 different cryptocurrencies currently supported and earn interest on them. a decentralized market without any intermediaries.

The lending process goes as follows: After collecting relevant information about the borrower, Metabank determines the user's ability to repay the loan and charges a corresponding protection fee. So lower protection fees for a better credit score. Once the borrower and lender match, the CreditCoin will be minted and released to the lender to use for purchases. The value of CreditCoin is the same as the amount of the loan. Lenders can use CreditCoin for the value of the loaned or redeemed funds and collect interest when the borrower pays it back. If the lender uses CreditCoin, they will not be paid interest. The new owner of CreditCoin receives interest when the loan is repaid. So CreditCoin holders earn interest.

Similar to when buying Merchant Credits from Metabank, Merchants receive CreditCoins and can spend them without any interest or exchange CreditCoins for outstanding balance and interest when redeemed.

CreditCoins are generated by buying or lending credits and will be burned when the debt is paid.

Users can put their tokens in Metabank and earn an annual return of 40% to 80%, they can increase this profit and earn much more. Metabank offers two types of bets: a fixed block period of 6 months and a variable block period.

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  • $Metax

It is a native Metabank token with a total supply of 110 million tokens. Metabank has launched an Ethereum blockchain powered by the Binance Smart Chain Network. This also means that the $Metax token is launched on Ethereum, but users can also get a version of the Binance smart chain. The $Metax token is also used for management, allowing users to make decisions about what to open or not to open in the Metaverses Metabank.

The distribution of $Metax tokens can be seen in the image below

  • PRESALE and Franchise

Users can become franchise partners of Metabank by acquiring their own branches/branches in different shopping centers. They earn commission on all transactions made through their affiliate. The total franchise fee is $15,000, but it varies for Premium Metaverse.
At the time of writing, the price of $Metax is 9 days away, so users should be getting some tokens soon.

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  • The end

Metabank is one of the best projects we have seen so far. This project is way ahead of others. Since everything is completely clear in the project, it can be said that the future of this project is very bright. Investors are expected to be able to earn a profit by investing in the project. Since this project is on schedule so far, I think this project will be in much better shape. Because there are, but most of the main investors are those who have already invested in the project. I think the future of this project is bright.

#crypto #Metabank #trade #invest

Website: https://metabank.li/
Twitter: https://twitter.com/metabank
Telegram Group: https://t.me/metabankofficialchat
Telegram Channel: https://t.me/metabankannoucements
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Whitepaper: https://drive.google.com/file/d/1r23k...

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