MolochDAO promoter Soleimani announces MetaCoin, a decentralized stablecoin solution that minimizes governance

MolochDAO promoter Ameen Soleimani announced a decentralized stablecoin solution called MetaCoin with minimal governance. Soleimani believes that the current MakerDAO system is too complex and may cause a single point of failure. The members of MolochDAO and MetaCartel DAO will allocate 50% of the initial META based on the previous ETH donation amount, and the other 50% will be allocated by a newly established SweatDAO.