That’s exactly what an international team of developers: specialists from the Middle Kingdom, the States and the United Kingdom call their brainchild a new virtual reality. And they are not far from the truth: Metaverse ETP is a Blockchain platform with impressive functionality. As part of the virtual know-how, ecosystem clients will be able to implement their cryptocurrency projects, exchange tokens, confirm identity, property rights, conduct crowdsales (ICOs) and much more. Reputable analysts claim that Metaverse or the Chinese “ether”, as it has already been dubbed, is the only real competitor to Ethereum. Moreover, experts interpret Chinese sanctions regarding cryptocurrencies in two ways: many experts are convinced that such a policy is aimed exclusively at supporting domestic projects: in particular NEO and, of course, Metaverse, an innovative digital architecture that will be discussed in this article.
Historical reference! The project started in 2017. During the crowdsale process that preceded the launch of the platform, about 2,000,000 North American tugriks were collected. After some time, the project received an additional 200,000USD from unidentified investor institutions. The partners of the virtual know-how are: Zengold (platform for trading with gold), ZenAir (travel service based on Blockchain), as well as the Russian Blockchain project KICKICO. It is assumed that he will be the one to bring Metaverse to the Russian market.
Metaverse Development Team
A few words about the author's workshop of the innovation platform. As mentioned above, this is an international development team, the backbone of which is specialists from China. The fact is that Metaverse is the final product of a Chinese financial technology company, created in 2014 and rightfully considered one of the most promising organizations in the Middle Kingdom. The main “trump card” of the mentioned company is the highly professional Chinese and foreign specialists on staff. So, let's meet some of the leading Metaverse experts:
- Eric Gu is the founder of virtual know-how with an impressive background: many years of experience in the field of IT technologies, an expert in the field of Blockchain and Digital Identity. As a member of the Bitcoin Foundation (for life), he became a translator of the first edition about the legendary digital coin.
- Hao Chen. He holds the position of technical director in the project. He distinguished himself at the Ark summit, which took place in the summer of 2022. His presentations deservedly earned the highest scores from specialists and recognition from the community.
- Janice Shea. Heads the global development department. Actively works in the field of public relations and monitors the implementation of conferences.
It is worth noting that today 50 specialists are working on the project. You can get acquainted with them on the official website of virtual know-how: https://mvs.org/.
On a note! The defining goal of creating Metaverse is to provide individuals, legal entities, as well as government agencies with comfortable, secure functionality built on the principle of decentralization. To solve this problem, innovative architecture is developing in three directions: digitization of assets, virtual identity, oracles (intermediaries).
In other words, fiat currency, within the framework of virtual know-how, can be digitized with a link to gold and the ability to be sent anywhere through the decentralized software Zen-Gold-Metaverse. The Zen-Dao-DApp utility, which verifies assets, is responsible for digital identity relative to the real environment. Oracles built on the Metaverse blockchain are designed to facilitate the exchange of crypto-assets and digitized information between avatars (users). They confirm the correspondence of the avatar with a real person and regulate the flow of financial transactions within the ecosystem.
Bat file setup
Let's look at Metaverse mining using the dodopool.com pool as an example. The finished Bat file looks like this:
EthDcrMiner64.exe -epool etp.dodopool.com:8008 -ewal MWSoDUE1km1M6fSbYGy8Sh23998VVh6XHm -eworker rig1 -epsw x -esm 0 -allcoins 1 -allpools 1 -mode 1 -r 1 -dbg -1 -mport 0 -etha 0 -retrydelay 3 - ftime 45 -tt 70 -ttli 79 -tstop 82 -fanmin 30 pause
EthDcrMiner64.exe is the name of the program. It must match the name of the miner, which is located in the Claymore folder.
-epool etp.dodopool.com - address of the pool where you mine cryptocurrency
:8008 - pool port
-ewal MWSoDUE1km1M6fSbYGy8Sh23998VVh6XHm - Your digital wallet (received from an exchange or from a cold wallet. It is to this wallet that the coins you mine will come.
-eworker rig1 - the name of your rig (used to track statistics on the pool, you can specify any name)
These are the basic settings for ETP mining; if you are interested in advanced settings, read them in the program description: Claymore's or PhoenixMiner.
Technical aspect of Metaverse
The defining difference of virtual know-how is the ability to comfortably and securely exchange any confidential data in digital form. Many draw a certain parallel between Metaverse and “ether,” arguing that the Chinese product is an intelligent contract architecture. Let’s answer simply: “ether” is smart contracts. Metaverse is intellectual assets. The technical parameters of the new digital ecosystem are as follows:
- Maximum emission is 100 million coins.
- The trading ticker for the intra-system coin is ETP (“Entropy”). The coin was created to measure the price of smart assets, as well as their individual properties. It is these measurements that act as a financial instrument in all transactions, and are also used as commission fees.
- Programming language – C++.
- Consensus protocol – PoW (proof of work), PoS (proof of stake).
- The volume of allocated funds for miners is 30 million “entropies”.
Important! As of December 24, 2018, the rate of the intra-system coin looks like this: for 1ETP they give $0.72 or 0.00017BTC. In the capitalization ranking, the innovative platform ranks 100th with an asset valuation of 39,300,000USD.
Development of intellectual assets
The innovation platform has a basic mechanism for integrating potential users into its design. Virtual architecture positions itself as a 2B2C service, within which the attraction mechanism can be used by any individual, legal entity or government agency. To do this, you need to register your assets in Blockchain. After this procedure, the assets are redirected to the avatar - the prototype of the user in the Metaverse virtual reality. In other words, an avatar controlled by an individual or AI (artificial intelligence) is a kind of digital identity card in the virtual world. Any subject can have an unlimited number of avatars. Moreover, each of them can operate with the same number of allocated assets. Moreover, digitized assets can be stored by several avatars at once.
Attention! You can purchase ETP cryptocurrency on several exchanges: Bitfinex, HitBTC, RightBTC, and other electronic trading platforms. It is advisable to store the coin on Metaverse Wallet - the “wallet” can be downloaded from the official resource of the virtual ecosystem. Using this wallet and Blockchain technology, you can create, register and integrate your tokens into the Metaverse digital architecture.
All crypto assets issued within the ecosystem's blockchain will appear in the user's wallet ("All Assets" option). You just need to indicate the type of token, issue, decimal places, and additional information about assets. Then you need to confirm your own intentions. Assets are created locally and do not require confirmation on the ecosystem blockchain. Moreover, the procedure is free of charge.
Oracles
The function to confirm/refute the information presented (data verification) is another important tool that integrates virtual know-how. Without oracle technology, any avatar can post personal data “from the lantern” - name, city, country of residence, etc. However, the oracle, which may well turn out to be some government agency with the appropriate powers, can easily refute or confirm the accuracy of the information. For example, a user owns a gold bar. In the real world, a bank can confirm ownership of this property by providing the necessary package of documents. By registering a “treasure” in the Blockchain ecosystem as an intellectual asset, the user creates a digitized financial instrument for use in Metaverse virtual reality. Conclusion: digital know-how plans to expand the capabilities of Blockchain, erasing the boundaries between it and the real world.
For your information! There are two points left on the project roadmap that have not yet been implemented. This is a set of Smart Contract templates / Smart Contract Service Integration / infrastructure incentive adjustment and the second stage of virtual identity modification. The implementation of both points will occur in 2022 (at least as planned) - the first in April, the second in October.
How to create a wallet?
You can store coins on an official cold wallet, for such operating systems as:
- Windows
- Linux
- Mac
You can buy these wallets from the official website.
If you do not want to install and synchronize cold wallets, then you can use the Web wallet. This type of wallet is much more convenient, but it has one big disadvantage. Since the Web Wallet is a website, it can be hacked, which means coins can be stolen.
You can also store coins on an official mobile wallet for operating systems such as:
- Android
- iOS
You can also store coins directly on the exchange where they are traded.
| # | Exchange | Pair |
| 1 | RightBTC | ETP/BTC |
| 2 | RightBTC | ETP/ETH |
| 3 | Bitfinex | ETP/USD |
| 4 | coinsuper | ETP/ETH |
| 5 | coinsuper | ETP/BTC |
| 6 | Bitfinex | ETP/BTC |
| 7 | RightBTC | XRP/ETP |
| 8 | HitBTC | ETP/BTC |
| 9 | Bitfinex | ETP/ETH |
| 10 | RightBTC | ETP/USD |
| 11 | HitBTC | ETP/USDT |
| 12 | HitBTC | ETP/ETH |
| 13 | RightBTC | XEM/ETP |
| 14 | Bit-Z | ETP/BTC |
| 15 | RightBTC | VET/ETP |
Let's look at receiving a deposit using the HitBTC exchange as an example (instructions with a review on our website). follow these steps:
- Click on the "Deposit" button.
After this, a new page will open with a list of all coins.
- In the search field, enter “ETP” to filter the list and find the coin faster.
- Opposite the coin, click on “Deposit” - a circle with a plus.
After the completed steps, your digital Metaverse coin wallet will be automatically generated.
Copy it, you will need it to configure the Bat file. The coins you mine will be sent to this address.
"Kopka" ETP
At the moment, “mining” of the intra-system coin is only available using the PoW protocol. In the future, the virtual architecture will switch to “entropy” forging using a modified proof-of-stake protocol – DPoS. To mine using the good old proof-of-work protocol, you will need software for video cards (GPUs) made by Nvidia or AMD. In addition, it is advisable to join a community (pool) in order to receive a reward several times a day, and not wait for it for an indefinite amount of time if you “dig” a coin in splendid isolation. Among the Russian pools for ETP mining (mining pool), this one is recommended: https://comining.io. To help miners, we offer technical information at the time of writing:
- difficulty of block generation – 15.3T;
- Difficulty adjustment is required after each generated block;
- generation time – 24 seconds;
- hash rate – 17.47G/s;
- bonus – 3 “entropies”.
In addition to classic mining, there is the possibility of “passive” earnings with ETP – forging. Simply put, making a profit in the form of an intra-system coin, due to the “frozen” crypto assets on the user’s Metaverse Wallet.
Important! The principle of forging is that the greater the amount of blocked crypto assets, the higher the earnings. For 12 months the reward will be 20%. The enterprise, of course, is risky, since it is unknown what will happen to the ecosystem in a year. But the goal of the developers is quite transparent: by attracting users to forging, the inflation process is regulated through the active adjustment of bonuses for “frozen” crypto coins.
Mining programs for Nvidia and AMD
Now you need to download the most important thing - a program for mining coins. The following are suitable:
| Program | Series | Setup and download |
| Claymore's Dual Miner | Nvidia+AMD | |
| PhoenixMiner | Nvidia+AMD |
After downloading, extract the archive, there you will find fully configured and ready-made Bat files of the Metaverse coin for different pools. All you have to do is enter the address of your digital wallet received on the exchange, or the address of a cold wallet, and then launch the Bat file. The mining process will start automatically.
If you want to learn about additional settings of the batch file, in the articles about each miner, you will find a detailed description of setting up additional functions.
General information about the crypto token
The global task of the crypto project is to create a completely new and unlike anything else economic paradigm, which will include accessible platforms for storing valuable and sought-after digital crypto assets and conducting reliable identification.
The main advantages, according to the creators of the project, are:
- Creation of new formats of valuable digital assets;
- Secure user page verification;
- Application of Oracles;
- Great opportunities for affordable and profitable exchange.
The Metaverse Ecosystem (ETP) digitizes both exclusive valuables and assets, as well as those in demand, including rare paintings of art, significant antiques, intellectual property, and own rights to income received from the economic and financial parameters of the market.
Digital electronic identities will become a place to store tangible assets, which will become sources of giving things online value.
Electronic IDs will become an element of supporting and ensuring the value of a crypto asset.
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REAL distribution on Bybit Launchpad
The Bybit Launchpad platform launched a new project, Realy Metaverse (REAL), on December 5, 2022.
Token sale features:
- Total token emission – 100,000,000 REAL
- 500,000 REAL will be distributed (0.5% of the issue)
- One user will be able to buy no more than 500 REAL
- Starting price 1 REAL = $1 in BIT tokens
The subscription period starts on December 10 at 03:30 UTC and ends on December 10 at 10:59 UTC. Based on the final calculation of the distribution, the appropriate amount will be deducted from the locked BIT balance, after which the distributed REAL and the remaining BIT balance will be returned to the spot balance.
