Review on Metaverse ETP by Pedro O. Alvino M.
Decentralized digital identity and asset ecosystem.
Composed of a decentralized ecosystem in order to promote a commercial development of data and asset exchange through decentralized intermediaries in order to meet the needs of users.
Unlike other projects with a similar mechanism, Metaverse uses a digital asset system (MTS) and digital identity that serve to grant greater privacy and freer commercial development, thanks to the fact that it is intertwined with the Metaverse blockchain. that it is impossible to alter or modify given the design architecture and integrated algorithms. The digital asset system is a function that allows any user to build a unique ecosystem of tokens that can be used in any field, either as a means of payment, where the introduction of exchanges in the chain is a determining factor in this process as well. that the oracles in charge promote the decentralization of the Metaverse ecosystem.
The economics of the ETP token is lousy at the annual graphical level, and since it is a utility token it can seriously affect the Metaverse ecosystem, since its function of, in addition to being the payment of MTS network fees, also serves as a measure of value and a half of guarantee in MTS.
The project already has a completed roadmap, the demand for its services and the influence of users on the platform is declining, since its main services do not capture general objectives of many users, in addition to having its own chain, the confirmation of blocks it is very slow and therefore transactions slow down.
Pros
- It has a smart contract system that can reduce the technical risks of commercial applications during development and use.
- Offers a system of exchange of value through decentralized oracles.
- With the ETP token, users can use it as collateral in finance and to measure the value of digital assets.
- It has a feedback mechanism for its ETP token.
- Its MTS function supports the issuance of unique tokens that can be used as a means of global payments.
Cons
- The economics of the ETP token can affect the Metaverse ecosystem as it is a utility token.
- The confirmation of blocks within the chain is very slow.
