Mike Kayamori, CEO and co-founder of Liquid, at the Foreign Correspondents Club of Japan
Mike Kayamori, CEO and co-founder of Liquid, at the Foreign Correspondents Club of Japan. Bitsonline

The world’s first Hyperledger-based token, Metacoin (MTC), will be listed on Liquid for secondary trading, as announced on 18th November 2019.

A traditional cryptocurrency is yet to surmount scalability and security and that’s exactly what Metacoin is focused on solving. Metacoin, the first commercialized mainnet based on Hyperledger, launched in 2018 and hosts the following projects:

  1. Issue token
  2. A wallet service
  3. A block explorer

The following are some notable dapps that are under development on the Metacoin platform:

  1. Playbits
  2. Coldbank
  3. Autosdaq

VP of INBLOCK, Jay Baek, said that since their mission is to create value through alliances with other companies, the listing of their token on one of the biggest, safest and trustworthy exchanges worldwide, allows them to offer the best security to anyone that wants to trade and hold MTC.

Metacoin seeks to implement its node into LinuxONE so as to solve scalability and security issues. With this, the Hyperledger-based token protects users’ data and handles millions of transactions per second while ensuring security.

CEO and co-founder of Liquid, Mike Kayamori, said that Liquid is elated to be the first exchange to support projects developed on Hyperledger and is pleased to have Metacoin on its digital assets list.

In their mission to offer liquidity to the crypto economy, Liquid’s capacity to support Hyperledger-based projects is a vital milestone.

Hyperledger, a global, open-source association, created to progress cross-industry blockchain technologies, is made up of leaders in supply chain, manufacturing, finance, banking, IOT and Technology.

Hyperledger maximizes the confidentiality, resilience and flexibility of blockchain solutions through its modular design.

Liquid and Metacoin teams have decided to provide a bonus to celebrate the listing:

  • 1% bonus for deposits of more than 1,000 MTC.
  • 3% bonus for deposits of more than 30,000 MTC.

A trading competition will also be hosted by the two partners that will reward 100 MTC to the top 100 users in trading volume at the end of the campaign.