What are the metaverse and metaverse coins?

Metaverse is a public blockchain project that provides decentralized services based on digital assets, digital identity and value intermediaries in order to built a web of Smart properties. Along with the Blockchain expansion, more technological features will be added to provide the infrastructure for social collaboration in financial services, We are systematically constructing an open source platform over which many developers can write smart contracts and provide services to the society.
Metaverse is implementing this "3-pronged" approach by providing digital assets (MST), digital identities (Avatar) and value intermediaries (Oracles). All of these features are seamlessly interoperable with each other to provide a robust infrastructure for social collaboration within financial services, in addition to their applicability in other scenarios.
The Metaverse network is therefore the platform for building a new age financial services, social collaboration in technology and innovation with smart properties. The cryptocurrency on the Metaverse blockchain is called "Metaverse coin" or "MVS", abbreviated from "Metaverse Virtual Currency".
What are the characteristics of the Metaverse coin?
By design, all tokens are equal. There is no "superior" token on Metaverse. In particular, MST has no special privileges over MVS, i.e., they cannot be used interchangeably as a general rule.
MVS is a relatively stable cryptocoin with high liquidity. However, due to its nature being a cryptocurrency for financial services and social collaboration, it cannot have extremely low volatility, unlike some other cryptocurrencies such as Ripple . It also aims at stability of MVS so that it can be used in applications more effectively.
MST is the primary tool for controlling Metaverse blockchain. People who hold MST can set various attributes on the blockchain, including the right to vote for Digital Identity (Avatar) and Oracles. The MST holders are also allowed to receive a portion of transaction fees (dividends) denominated in MVS.
Metaverse Coin Wallet
An offline wallet refers to the generation of private keys through an offline process, which provides security against computer viruses. This also refers to keeping your cryptocurrency in an environment that is not connected to the internet 24/7. In terms of Metaverse, having an offline wallet is equivalent to holding MVS in a full-node wallet of Metaverse.
A "cold wallet" refers to keeping your cryptocurrency in a wallet that is not connected to the internet so as to prevent hacking incidents from happening. In Metaverse, it can refer to either of two types: A traditional cold wallet refers to a wallet running on a PC without internet connection and storing all information regarding user's digital assets in the same place. Metaverse also provides a cold wallet service based on cloud computing, which allows users to store their MVS safely.
The advantage of the latter is that it does not require you to maintain an offline computer 24/7, resulting in lower consumption of resources and no fear of forgetting your password or losing your wallet.
Metaverse Wallet (Client)
The Metaverse wallet (client) is run as a full-node client that provides basic services for users, including transactions of MVS and uploading Avatars. The basic design principle of the wallet is complete compatibility with Satoshi's whitepaper, which allows traditional SPV clients to be compatible with the Metaverse network.
Metaverse Wallet (Web)
The web wallet provides nearly all services provided by the desktop wallet, including uploading Avatars and transferring MVS. It's more suitable for users who do not need to constantly monitor their assets. The web wallet is also highly customizable in terms of themes, language settings, etc.
Metaverse Avatar (Digital Identity)
An Avatar is analogous to an account on Metaverse, but it cannot be created by users directly. Instead, users must obtain the right to create Avatars through mining or purchase on exchanges like any other cryptocurrency. The eligibility of creating an Avatar derives from the MVS one holds (the eligibility is determined by Metropolis). Avatars are used for various purposes, including issuance of smart properties and digital assets on Metaverse.
Metaverse Oracles
Oracles are trusted entities involved in the development process of the blockchain. Their responsibility is to provide information to assist in decision-making processes when making changes or assessing transactions within the system.
The eligibility of becoming an Oracle derives from the MVS one holds (the eligibility is determined by Metropolis). A user can become an Oracle based on two methods:
Method 1: By providing useful information to the blockchain using data feeds, oracles are rewarded for their efforts through transaction fees. However, once becoming Oracles, they can no longer hold MVS.
Method 2: Oracles provide information to the blockchain and receive transaction fees. Unlike Method 1, becoming an Oracle using this method will not result in the loss of holding MVS. To become an Oracle under this method, an Avatar is required to "recommend" you as a trusted entity.
The Oracle node has gone live on Ethereum since October 2016, allowing users to use it as a reference. Metaverse plans to gradually integrate the functions provided by Ethereum Oracles so that they can be used for various MVS-related services, such as digital identities and smart properties.