Metaverse (ETP) Bucks Downturn After Listing on Hong Kong’s Largest Exchange


Metaverse (ETP), a China-based blockchain platform for smart properties and digital identities, has outperformed the market today after being listed on Coinsuper, the most popular cryptocurrency exchange in Hong Kong.

Metaverse, which launched in February 2017, is similar to Ethereum (ETH) and NEO (NEO) in that it is a smart contract platform, but with an early focus on user-friendly functionality. Digital assets can be simply created and exchanged directly on the Metaverse chain without extensive programming knowledge, and the project has a heavy focus on digital identity, which can be applied to a number business use cases.

The Metaverse token (ETP) is largely used to “measure the value of smart properties in Metaverse or as collateral in financial transactions,” according to the project’s website.

ETP has significantly outperformed the other top-100 cryptocurrencies today, although it is only up 1%. The AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens, is currently down 7.8%.

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Similar: Ethereum Classic (ETC) Trading Is Now Live on Coinbase Pro

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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