The MetaMorph Token Creation Platform
Soon it will be possible to create your very own cryptocurrency token and have it disbursed in just a few minutes using the MetaMorph Token Creation platform!
The platform aims to lower the threshold to cryptocurrencies by facilitating the creation of both utility and security tokens on the Ethereum blockchain for a fee payable in METM tokens. This is done by simply connecting a MetaMask (or Web3 enabled) wallet to the platform, selecting the parameters of the token and then paying for it to be disbursed from said wallet. The platform also features a dashboard where users and businesses alike can keep an overview of their token(s) and the status of a pending token.
Create your very own token in a few minutes!
3 easy steps
- Select your token type.
2. Enter the token information.
3. Pay the fee and you’re done
Creating a utility token
The MetaMorph Token Creation Platform makes it possible for users to disburse and deploy a ERC-20 utility token onto the Ethereum blockchain. Users simply have to select the name, ticker symbol, number of decimals and the total supply and they are ready to launch their very own token.
The token is also eligible to be listed on the MetaMorph Pro decentralised exchange against the METM, wETH and wBTC pairs for a extra fee. It is also possible to have a legal opinion drafted regarding the nature of the token from NXT Legal & Compliance (NXT:Legal), a leading FinTech and RegTech legal firm based in Australia.
Use cases for utility tokens include access tokens which gives the holder the right to enter and use the services in a specific ecosystem, verifiable voting rights, transparent fundraising and many more.
Creating a security token
This is the ideal solution for businesses looking to create a regulated cryptocurrency security token on the Ethereum blockchain. The new MetaMorph R-METM token standard (Regulated-METM) will more than suffice for any need, regardless of the scope of the project or business.
Business owners simply have to choose the name and ticker symbol during the process and the token will then be reserved and registered on the Ethereum blockchain while the legal team takes over and contacts the business regarding its specific needs, before the token is disbursed.
Use cases for security tokens include representation of traditional assets such as equity, derivatives, debt and real estate as well as other assets that classify as a security and which are subject to regulation under security laws.
We work closely with NXT.Legal, who facilitates the off-chain legal processes affiliated with issuing a fully securities compliant and regulated cryptocurrency token to investors.
What is R-METM?
Blockchain technology is on a clear path to maturity, yet the technology is not regulated. Metamorph is making fast strides enabling decentralised regulated technology and the R-METM token standard is an important step towards this.
The new token contract standard was created by the MetaMorph team and can be deployed via our token creation platform. During deployment a regulator/relevant licence holder/compliance officer is assigned to the token contract in accordance with the traditional regulated asset it represents.
NXT.Legal are providing legal and compliance consulting to enable MetaMorph and the Regulated token creation platform to allow traditional regulated assets to trade on the platform via Regulated-METM, the new regulated token standard. Metamorph intends to help regulators see compliance happen in real time with this new standard, something that is difficult to do today with these emerging technologies.
The new token standard aims to smoothen the process for regulators who participate in different regulatory environments to ensure compliance. Regulators from all spaces will soon be able to oversee and apply AML/KYC standards to market participants in the ecosystem and the new token standard will give functionality to regulators and compliance offices to start and stop trades according the the regulations and jurisdiction they are operating in.
Stay tuned for the MetaMorph Regulated METM Token Standard (R-METM) white paper which will be out soon, packed with all the details of this new ecosystem of compliance supported by NXT.Legal & Compliance PTY LTD.
