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Why did MetaDNA fall sharply (MetaDNA market)?

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Why did MetaDNA fall sharply? Why did MetaDNA fall sharply?According to official

Why did MetaDNA fall sharply (MetaDNA market)?

Why did MetaDNA fall sharply? Why did MetaDNA fall sharply?

According to official announcements, the recent market sentiment decline has led to a sharp drop in market prices. On October 29th, Coinbase, a globally renowned digital asset trading platform, announced the launch of Meta’s decentralized exchange (DEX) DNA/USDT trading pair at 4 pm Beijing time on November 1, 2020. At the same time, Coinbase also launched an index fund (IndexFund) for Meta, providing investors with more diversified investment opportunities and better risk management tools.In addition, MetaDNA has sparked heated discussions in the community recently, with community members calling for participation and expressing support. The MetaDNA team also expressed their expectations for the project’s development direction and future value development, believing that the project is the “star track of the blockchain 2.0 era”. Why did MetaDNA rise sharply? 1. Reason analysis: MetaDNA, as a public chain underlying protocol, has three major advantages: high throughput and high performance. Its token DNA is jointly supported by native cryptocurrencies DOT, DNAS, and a dual token economic model, mainly used in the gaming industry, financial fields, and other scenarios.2. Technical principles: – Based on the DPOS consensus algorithm’s dual-chain network architecture. – Dual nodes are responsible for secure data transmission and retrieval of the system, achieving smart contract development. – Trusted Computing Modules based on CosmosSDK development. – Ensuring security and privacy through the use of zero-knowledge proofs. – Combining with the Lightning Network for cross-chain deployment and solving blockchain congestion issues.

MetaDNA market

According to official news, DNA market data shows that Meta has started a strong upward trend today. DNA is an ERC-20 token and a digital identity standard protocol based on blockchain technology. It aims to create a secure, decentralized, and easy-to-use distributed application operating system platform for developers. Meta’s DNA has high transaction performance and low fees, as well as cross-chain functionality and decentralized governance mechanisms (DAO). Meta’s DNA is compatible with Ethereum.

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