MetisDAO is a layer-two scaling solution built on top of the Ethereum blockchain. This platform aims to address scalability challenges faced by Ethereum by providing faster transaction speeds and lower fees. MetisDAO offers a decentralised infrastructure for deploying and scaling dApps, fostering innovation within the Ethereum ecosystem.
The METIS token serves multiple purposes within the MetisDAO ecosystem. It functions as the native gas fee token used for transactions on the network. Additionally, METIS incentivizes stakers who contribute to the network's security and governance participants who vote on proposals shaping the future of the platform.
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