Decentralized payment based cryptocurrency, Metahash, announced the launch of the MetaGather program. The program gives users 1000 Metahash coins which can be used to forge the Metahash network.
According to a blog post by Metahash, the goal of the MetaGather program is to expand the community, increase the number of individual forgers and reduce ROI of farms. The granted coins can only be used for Forging and are locked for selling. But the coins earned through forging could be spent. Moreover, users can earn additional tokens by participating in referrals and promotional activities.
Forging is the consensus protocol of Metahash’s network. Forging works similar to Proof of Stake. Users can put their Metahash tokens for forging which in turn earn more Metahash tokens.
The program is planned to be launched this month and will be promoted extensively in the community. The program hopes to strengthen the Metahash network.
Metahash has a market cap of $29 million and is currently trading at $0.023. The cryptocurrency is listed in various exchanges. CEX.io and KuCoin are the biggest exchange where users can trade Metahash. Metahash has its own wallet called the MetaGate.
Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity
Did you like the news you just read? Please leave a feedback to help us serve you better
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
Macro guru and Real Vision CEO Raoul Pal shone the spotlight on a rising layer-1…
As the technology landscape transforms at lightning speed, AI Companions has positioned itself as a…
Did you know that 85% of DeFi value is concentrated in six blockchains? DeFi is…
CLAPART - a groundbreaking RWA platform has launched its much-anticipated $CLP token IDO on Gempad…
Join us at BFC 2024 to explore the future of Web3. Use a special discount…
Catch all the updates with Altcoin Observer, official media partner of WebX Asia 2024. Gear…