META [Old] Price(META)

The crypto token 'META Old' refers to a project that has been rebranded as MetaDAO (META). This project operates on the Solana blockchain, which is recognized for its high-speed and low-cost transactions. MetaDAO utilizes its native META token primarily for governance within its ecosystem. A notable aspect of its operation is the implementation of a governance model called futarchy. This approach involves using market mechanisms to forecast how certain actions might impact specific outcomes, thereby guiding decision-making. The project was established in 2023, with its initial token distribution conducted through an airdrop to aligned participants. In March 2023, a substantial portion of the META tokens held in the DAO's treasury was burned, significantly reducing the overall supply. MetaDAO was founded by pseudonymous individuals known as Proph3t, who has a background as an Ethereum DeFi smart contract engineer, and Nallok, identified as a market maker and Solana validator operator. The project initiated its first decision market platform in December 2023. By May 2024, MetaDAO introduced "Futarchy as a Service," an offering designed to allow other Decentralized Autonomous Organizations (DAOs) to create and trade their own decision markets for governance purposes. It is important to note that this 'META Old' project is distinct from other crypto initiatives that might share similar names or tickers. For instance, it is not affiliated with the former crypto projects (like Libra or Diem) that were developed by Meta Platforms (formerly Facebook), nor is it related to other tokens named META that operate on different blockchains or protocols. Learn more

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