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"META 1 Coin was developed as a gold-backed digital currency to help advance the abundance and freedom of humanity, and not to further enrich already wealthy institutions." Robert P. Dunlap
BOCA RATON, FL, November 16, 2020 /24-7PressRelease/ -- Robert P. Dunlap and the META 1 Coin Trust leadership team, including Nicole Bowdler, announced that digital wallet accounts for their flagship cryptocurrency, META 1 Coin, will be limited to verified individuals only. Non-persons such as corporations, also commonly known as institutional investors, will be excluded from owning META 1 Coin or accessing the META Exchange trading platform where META 1 Coin is actively traded.
According to Executive Trustee Robert P. Dunlap, "META 1 Coin was developed as a gold-backed digital currency to help advance the abundance and freedom of humanity, and not to further enrich already wealthy institutions." He added, "These non-human entities already have sufficient opportunities to invest their wealth, and so META 1 Coin is reserved for individuals."
This striking departure from the path taken by traditional investment vehicles follows META 1 Coin Trust's social mission of pursuing human rights, while also building its financial value. While a large influx of institutional coin buyers often drives values significantly higher and faster than participation solely by individuals, the historically disproportionate wealth accumulation by these large non-person entities has often negatively impacted individuals as well.
While their higher volume purchases may collectively increase coin values and pricing even for individuals, the opposite is also true. Unexpected high-volume selloffs can retain profits for these institutional coin holders, while leading to dramatically lower coin values for the individuals who have not yet sold their digital coins. These large market movements are known for contributing to substantial volatility in values.
With the high profile cryptocurrency purchases and holdings by large corporations and investment firms being reported among news outlets recently, META 1 Coin is taking steps to maximize its long-term stability while pursuing its social mission to drive wealth accumulation for individuals who have traditionally been excluded from major market participation.
META 1 Coin Smart Contracts are enforced by biometric authentication, the system's "Know Your Client" procedures, and programmatic verification of user accounts. META 1 Coin also establishes a Private Irrevocable Trust for each individual receiving a cryptocurrency account to ensure validated contracts are set up with individuals and not corporations.
By protecting its coin holders from the potential high-volume coin buying and selling of Wall Street, META 1 Coin Trust is seeking sustainable growth, abundance and personal freedom for its coin holders, as META 1 Coin is poised for increasing value over time.
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
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