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MetisDAO (METIS) is a Blockchain-based platform offering a Layer-2 solution and EVM-compatible virtual machine support to enhance scalability, speed, and storage efficiency. It reduces gas fees and accelerates transaction times to support decentralized applications and businesses. Additionally, IPFS integration ensures secure and efficient data storage. This article answers two key questions: What is MetisDAO (METIS), and how to buy MetisDAO (METIS) with TRY.
What is MetisDAO (METIS)?
Metis is a Blockchain-based platform designed to enhance scalability, speed, and storage efficiency. It focuses on providing Blockchain technology solutions to support decentralized applications and businesses. By leveraging a Layer-2 scaling solution, Metis aims to create a more efficient environment for building and interacting with Web3 applications.
At the core of Metis is a Layer-2 scaling solution supported by the MetisLab Foundation. This solution uses optimistic rollup technology to offload smart contract execution and data storage responsibilities onto a layer above networks like Ethereum. This approach allows Metis to offer a more scalable and cost-effective environment compared to traditional Layer-1 solutions. Specifically, Metis features low gas fees of approximately $0.01 per transfer and fast transaction processing times of about two seconds. Additionally, Metis integrates file storage via IPFS, enhancing its overall utility.
One of Metis’ standout features is its support for the Metis Virtual Machine (MVM), an EVM-compatible virtual machine. This execution environment allows developers and users to deploy and interact with applications in an environment closely mimicking Ethereum. EVM compatibility also facilitates a seamless transition for developers to port existing projects and code from Ethereum to Metis, broadening the scope of potential applications.
Metis aims to be a groundbreaking platform in the Blockchain space by addressing fundamental issues related to scalability, cost, and speed. Its Layer-2 solution and MVM support are designed to provide a robust infrastructure for decentralized applications, offering developers and businesses a more efficient and user-friendly environment. By reducing gas fees and accelerating transaction times, Metis enhances the overall experience for both users and developers.
The platform’s integration with IPFS for file storage further strengthens its offering by ensuring efficient and secure data storage. This feature is particularly beneficial for decentralized applications that require reliable and scalable storage solutions.
How to Buy MetisDAO (METIS) with TRY?
Binance TR is the most suitable cryptocurrency exchange for investors in Turkey looking to buy MetisDAO (METIS). Over 100 cryptocurrencies, including METIS, can be bought and sold on Binance TR, where accounts can be quickly created. Follow these steps to buy MetisDAO (METIS) with TRY on Binance TR.
How to Open an Account on Binance TR?
Opening an account on Binance TR is quite easy. Go to trbinance.com and continue from the “Create Account” step. In the first step of account creation, you will be asked to enter basic information such as your email address, phone number, name, surname, date of birth, nationality, and Turkish ID number.
After entering the requested information completely and accurately, email/SMS verification will be performed to confirm the information. After completing this process, you will proceed to the second step, identity verification (KYC).
How to Verify an Account on Binance TR?
Identity verification on Binance TR is one of the security procedures that must be completed before starting cryptocurrency trading and during account creation. This process is also necessary to protect both the user and the cryptocurrency exchange. You can perform the verification process either from your phone or through Binance TR’s official website. Note that you will need your phone even if you choose to verify through the website.
On the Binance TR website, hover over the “Profile” option at the top right, click on “Identity Verification and Limits” from the drop-down menu, and then click “Verify.” You will need to scan the QR code that appears with your phone’s camera and continue the process on your phone. If you cannot scan the QR code, click “Copy URL” to have the identity verification address sent to your phone via SMS.
When you enter the address on your phone or scan the QR code, a screen like the one below will open on your phone. Continue by first tapping the “Identity” option.
Then, a screen like the one below will appear. To continue the verification process, first select the document type that suits you.
After selecting the document type, continue by tapping the “Upload Front” option. After taking a photo of the front side of the document according to the selected document type, tap the “Upload Back” option and take a photo of the back side of the document and upload it. Ensure that the images are clear and the information in the photos is easily readable when taking photos of the front and back sides of your ID card or driver’s license.
Then, continue by tapping the “Selfie” option. At this point, your phone’s front camera will open, and you will need to scan your face. Make sure your face fills the camera area as much as possible after the camera opens.
After completing all these steps accurately and completely, your identity verification process will be completed shortly.
How to Deposit TL on Binance TR?
You can easily deposit TL into your Binance TR account from all banks. You can deposit TL 24/7 from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, Türkiye Finans accounts and perform transactions without interruption. Deposits from other banks can be made up to 50,000 TL 24/7 via FAST. Deposits over 50,000 TL from other banks are processed within EFT hours.
To deposit money into your Binance TR account, first go to trbinance.com, hover over the “Wallet” option at the top left of the homepage, and click “Deposit” from the drop-down menu.
Then, a page like the one below will open, and you can continue the deposit process by selecting your preferred bank from this page. If your preferred bank is not yet integrated with Binance TR, you should continue by clicking the “Other Banks” option.
In this example, we will continue using Vakıfbank, but the process is the same for all other banks. When you click on the Vakıfbank option, you will see an account name and IBAN address where you can transfer money via wire transfer, EFT, or FAST. All you need to do now is to transfer the amount you want to deposit into your Binance TR account using the information displayed on the bank’s page.
After your bank completes the transfer process, the funds you sent will be automatically reflected in your Binance TR account wallet.
How to Buy METIS Coin on Binance TR with TL?
After the deposit process, you can proceed to the TL to METIS coin purchase step by clicking the “Buy-Sell” option in the top left menu on the Binance TR website.
After clicking this option, the following page will open. You can go to the TL to METIS purchase page by typing “METIS” in the search section on the right side of this page and clicking the METIS/TRY option from the results.
Now the following METIS trading page will open. In this page, you need to enter the price at which you want to buy METIS in the first box marked with a red box and the number of METIS you want to buy in the second box. After entering the amount, you can complete your purchase by clicking the “Buy METIS” button.
What is Binance TR?
Binance, the world’s largest cryptocurrency exchange by trading volume, officially launched its platform Binance TR for cryptocurrency investors in Turkey in 2020. The cryptocurrency exchange, headquartered in Istanbul, can be accessed at trbinance.com.
Binance TR leverages Binance’s technology, security measures, and liquidity provided through Binance Cloud infrastructure to offer both fiat-to-crypto and crypto-to-crypto trading services. Users in Turkey can seamlessly deposit and withdraw Turkish lira (TRY) through bank channels and trade various cryptocurrencies with TRY pairs via Binance TR.
Users supported by Binance TR can access market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls, all backed by Binance’s core functionalities.
