The Block • Sep 27, 23
Bitcoin’s correlation with equities continuing to diverge
The correlation between bitcoin and equities will continue to diverge over the coming months due to the Fed's continued monetary tightening.
Read more

4.1
Metacoin is not supported by Coinbase.
Market cap
-
Volume (24h)
$128.04
Circulating supply
-
All time high
$0.0741
Price change (1h)
+0.14%
Price change (24h)
+1.41%
Price change (7d)
-3%
Coinbase users can earn up to $400 on average just by taking advantage of our rewards. Get started now.
Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
The price of Metacoin has fallen by 3.00% in the past 7 days. The price increased by 1.41% in the last 24 hours. In just the past hour, the price grew by 0.14%. The current price is $0.0247 per MTC. Metacoin is 66.65% below the all time high of $0.0741.
The current circulating supply is 0 MTC.
Average ratings from the community
4.1 out of 5
45 ratings
Community
4.0
(15)
Roadmap
4.2
(16)
Usefulness
4.1
(14)
This content is for informational purposes only.
Learn more
Metacoin (MTC) claims to be the first blockchain and crypto asset based on Hyperledger. As per the whitepaper, Hyperledger is a blockchain solution created by investment banks and global IT companies that uses a management system to limit users and control authority, unlike public blockchains. The asset aims to practically expand the ecosystem by offering solutions and improving issues that other blockchains cannot use. Using the mainnet (fully developed blockchain protocol), Metacoin seeks to implement the Hyperledger ecosystem similar to the one built by Ethereum. The network intends to develop an ecosystem that offers various services to be used in Metacoin and delivers its value to the users.
Metacoin aims to create an environment in which projects with high potential in various industries can support economic growth together. Besides using proof of stake, the network’s Hyperledger technology maintains its governance through a method based on a voting system. This method helps improve the efficiency of this asset and enables permissioned transactions. Similar to smart contracts, Hyperledger can create a chaincode by using a development language, minimizing the barrier to development participation. Chaincode, also known as smart contracts, is software that users can use to update and read data on the blockchain ledger. In addition, the network offers its users reasonable network fees and high-performance transactions while supporting multi-blockchain.
Metacoin observed that the existing consensus algorithms, PoS and PoW, have the benefit that anyone can engage in the consensus process at the beginning, but there are issues with excessive resource fees and uses. RAFT, the consensus algorithm of Hyperledger Fabric used in this network, responds to these problematic blockchain changes by overcoming minimal-resource issues, allowing a stable blockchain network without wasting resources. Besides this, the platform claims to allow users to create Hyperledger-based blockchain networks and DApps (decentralized applications). The asset acts like a currency that performs as a commonly known means of exchanging and storing value.
MTC is the utility and governance token of Metacoin and is based on Hyperledger. This token is a digital payment coin that can be used as a payment mode for trading products. The platform helps users conveniently issue MTC-based tokens.
The planning and development of Metacoin were completed in April 2018. The platform released its private issue in June 2018 and pre-sale and crowd sale in August 2018. James Chae is the founder of Metacoin. He is also the founder and CEO of INBLOCK, a digital asset service platform for banks, corporations, and insurance companies. Chae has recently created CODLBANK, a platform with security technologies for custody services.
The total issuance of MTC tokens is 2 billion, and Metacoin has created few changes in its token distribution since the initial issuance of tokens in 2018. Approximately 611 million Metacoin (MTC) are currently distributed for sales and other compensation purposes. Approximately 31% of the total volume is in circulation, and 69% of the share is managed as per future released plans and lock-up. As per the issuance plan, Metacoins (MTC) are issued annually and are locked up in INBLOCK Ltd. Unlocked MTCs aim to be used for ecosystem operation through partners and node rewards. Node rewards account for 10% of the total issuance, and partner rewards account for 5% of the overall issuance. Metacoin has five core operating nodes, and the total node reward distribution amount is 200 million MTC coins. Each node receives 8 million MTC coin rewards each year. The current token is allocated 15% to operations, 30% to technical and DApp developers, 15% to marketing, 10% to management, 20% to partners, and 10% reserved for securing liquidity of Metacoin transactions and exchanges.
A selection of cryptocurrencies in the top 50 by market cap.
Of all the assets on Coinbase, these 12 are the closest to Metacoin in market cap.
Conversion Table
MTC/CAD (Canadian Dollar)
CA$0.0334
MTC/GBP (British Pound)
£0.0204
MTC/BRL (Real)
R$0.12
MTC/EUR (Euro)
€0.0235
MTC/NGN (Nigerian Naira)
NGN 19.32
MTC/SGD (Singapore Dollar)
S$0.0339
The Block • Sep 27, 23
Bitcoin’s correlation with equities continuing to diverge
The correlation between bitcoin and equities will continue to diverge over the coming months due to the Fed's continued monetary tightening.
Read more
Decrypt • Sep 27, 23
You Can Now Trade Bitcoin Mining Hashpower on Arbitrum
The Lumerin Hashpower Marketplace creates a novel method for decentralizing Bitcoin's global hashrate and makes mining accessible to retail investors.
Read more
Unchained • Sep 27, 23
SEC Chair Gensler Says Bitcoin Isn’t a Security
Appearing before the U.S. House Financial Services Committee on Wednesday, Securities and Exchange Commission (SEC) Chair Gary Gensler said that bitcoin (BTC) isn’t a security but stopped short of calling the digital asset a commodity. The sentiment echoed Gensler’s previously more lenient stance on
Read more
CoinDesk • Sep 27, 23
The Protocol: Google Pushes Deeper into Blockchain
Google's cloud-computing division is increasingly involved in blockchain, with plans to add 11 networks including Polygon, Optimism, and Polkadot to its 'BigQuery' program for public datasets.
Read more
CoinDesk • Sep 27, 23
With All Eyes on a Spot Bitcoin ETF Approval, Don’t Sleep on ETH (or ETHE)
There’s a better trade than buying Grayscale’s GBTC if you’re optimistic the SEC will approve crypto ETFs.
Read more
The Block • Sep 27, 23
FalconX participates in $3 million seed round for DeFi portfolio manager Bril Finance
Bril Finance raised $3 million in seed funding from FalconX, Kosmos Ventures and the Algorand Foundation. It also officially launched on Sei.
Read more
Learn how we collect your information by visiting our Privacy Policy.
We update our Metacoin to USD currency in real-time. Get the live price of Metacoin on Coinbase.
The current market cap of Metacoin is $0.00. A high market cap implies that the asset is highly valued by the market.
The all-time high of Metacoin is $0.0741. This all-time high is highest price paid for Metacoin since it was launched.
Over the last 24 hours, the trading volume of Metacoin is $128.04.
Assets that have a similar market cap to Metacoin include BITCOIN ADDITIONAL, GMD Protocol, NFT TOKEN PILOT, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Metacoin is 0.
No, Metacoin is not currently available on Coinbase, but you can sign up to get the latest news on Metacoin and be notified when it gets added to our exchange.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.