Advanced Contract System Facilitates Seamless Transactions and Stability
BOCA RATON, FL, November 02, 2020 /Neptune100/ — Robert P. Dunlap, Executive Trustee of META 1 Coin Trust, has announced the launch of a cutting-edge Smart Contract system that has been integrated with cryptocurrency META 1 Coin.
According to Robert P. Dunlap, “The Smart Contract system supporting META 1 Coin and the blockchain is built with advanced technology to ensure seamless execution of operations, and uniquely facilitates stability in coin value as well.”
This series of Smart Contracts assign and verify assets on the META Blockchain and ensure all aspects of operations are executed properly. Smart Contracts, simply stated, are a set of rules applied to a cryptocurrency coin. They are unbreachable contracts on the cryptocurrency blockchain.
META 1 Coin is unique among cryptocurrencies because of the way its Smart Contracts validate transactions on the blockchain and provide stability. META 1 Coin is an asset-backed coin, and the value of gold assets plays a major part in the coin’s value and price. These contracts ensure that META 1 Coin cannot trade below the total value of all assets backing the coin, also known as the total asset value.
META 1 Coin also uses Smart Contracts to facilitate an upward trajectory in coin value. For example, there is a contract that prevents the coin from being sold for less than the asset value. The result is an upward trend algorithm that promotes growth as assets expand and appreciate.
META 1 Coin Smart Contracts include multiple elements, which are described in detail below.
Asset Purchased “In Processing” Smart Contract
META 1 Coin Trust is continually purchasing new assets (which serve as tangible backing for the coin) and publishing the acquisition information. META 1 Coin completes asset evaluations before releasing final affidavits defining new assets. Once this is achieved, surety bonds are issued, and the assets are ready to be verified. The assets “in processing” is a queue of soon-to-be verified securities for the META 1 Coin.
Once fully validated, new assets are assigned to the Asset Verification Smart Contract for final verification. This provides the market with transparency concerning new META 1 assets that are soon to be allocated as security for the META 1 Coin. During the in-process stage, 25% market value of the asset is assigned to the Appreciation Smart Contract, increasing the META 1 Coin value accordingly.
Asset Verification Smart Contract
This Smart Contract verifies the asset value and its authenticity. Up to six third parties confirm the assets by publishing a professional opinion notice. All opinion notices are published per asset on the META Blockchain. Once the asset has been verified, the status of verification is embedded into the META Blockchain. Asset verification is part of every coin in perpetuity. This process represents real-time due diligence, ensuring all participants of valid asset assignment.
When the Asset Verification Smart Contract is completed, the remaining 75% market value of the verified asset is added to the Appreciation Smart Contract, increasing the META 1 Coin value accordingly.
Appreciation Smart Contract
This Smart Contract addresses coin value and cannot be altered. It is embedded into META 1 Coin as follows: the coin value will automatically increase based on any new asset assignment to the META 1 Coin Trust.
This contract is defined as nine-times (9X) the newly added asset value, plus the original entire asset value, divided by the fixed number of coins, and equals the value per coin. As the asset is in process and then verified in the two prior Smart Contracts, the META 1 Coin will realize 100% of the market value of the new asset.
Smooth Allocation Smart Contract
The Smooth Allocation Smart Contract enables newly acquired assets to add value to the META 1 Coin slowly. This Smart Contract facilitates a smooth upward trend in value while providing coin holders with full transparency of new assets’ face value and their assignment.
The Smooth Allocation Smart Contract assigns selected assets to the Asset Purchased “In Processing” Contract. This shows coin holders that a new asset is in process and that META 1 will slowly infuse value into the META 1 Coin.
Asset Value Smart Contract
META 1 Coin value is also affected by broader financial markets. Market feeds from various indices are integrated with META 1. The integrated feeds are called Market Witnesses, and this service is embedded into the blockchain. This ensures persistent functionality and automatically adjusts META 1 Coin prices according to market conditions.
Trading volumes, supply, and demand within exchanges also affect META 1 Coin values. These elements are collectively known as the Market Appreciation Variable and will change the META 1 Coin value.
META 1 assigns assets to META 1 Coin to backfill the appreciation of the market. The assignment is done so that META 1 Coin Trust will have assets to support any market swings of META 1 Coin’s value. This ensures that META 1 Coin cannot drop below total asset value.
Also, as noted earlier, Smart Contracts are implemented with market witnesses verifying: the feed settlement value of required external market conditions, acceptance of new asset values, and authenticity. Market witnesses continually evaluate settlement values of equivalent assets, bonds, and market indices.
META 1 Coin operations are backed by Smart Coin technologies ensuring proper execution of the META 1 Coin via the blockchain. This emerging technology has allowed META 1 Coin Trust to design a revolutionary financial instrument available as a Private Digital Currency.
About META 1 Coin Trust:
META 1 is an asset-backed cryptocurrency founded by crypto visionary Robert P. Dunlap with the intention of promoting the concepts of abundance and equity in the service of humanity. As part of its mission, META 1 actively advances human rights causes and promotes civil liberties.
For more information about META 1 Coin Trust, visit: meta1.io