# What is MetaQuantum token $MQM

## MetaQuantum Token $MQM

MQM is designed as a utility token in our marketplaces and in our own Metaverse. An essential aspect of the utility of the $MQM token is that it will be used in the Metaverse application to provide scanning capabilities so that users will be able to scan themselves or the objects around them.

Instant virtualization of human avatars or objects in Metaverse lends utility to the $MQM token, while solving many of the pain points. As the $MQM token gets listed and our roadmap progresses, $MQM token holders will be given more and more powers, rights, and abilities in MetaQuantum Metaverse.

MQM is an ERC-20 token built on the Ethereum blockchain Layer0 for utility and incentives.&#x20;

The range of applications and purposes for which the MetaQuantum token can be used in the MetaQuantum Metaverse is virtually unlimited.&#x20;

As a user you can:

**• Create a unique avatar by scanning yourself with the app or create a full virtual avatar**

**• Virtualize any physical object in Metaverse by scanning it with the application**

**• Create new objects from scratch**

**• Buy and sell every item you virtualize in Metaverse**

**• Buy and sell virtual properties, becoming virtual entrepreneurs and virtual real estate owners**

**• Use Virtual Reality (VR) technology to immerse yourself in Metaverse so you can explore using your own unique avatar**

**• Explore clubs, activities, and hobbies, such as golfing, boating, or even traveling to different parts of the world**

**• Create, mint, buy and sell NFTs**

**• Shop in various marketplaces, from cars and jewelry to homes, land and buildings**

## What is MetaQuantum $MQM Layer0

MetaQuantum Layer0 blockchain projects focus on scalability and transaction speeds. One of the most important features of tokens built on the Layer0 of their smart contract is that they can be easily bridged to other blockchain protocols, let’s say from Ethereum’s ERC20 to Smart Chain’s BEP-20 protocol.

From the user perspective, this means that he or she will not have to rely on risky or untested third-party bridging platforms, but instead they will benefit from a proprietary bridge built by us, which will enable them to move their $MQM tokens from one protocol to another.

Furthermore, another very important characteristic of the Layer0 Smart Contract is that it enables us to provide developers with high performance, scalable applications. This translates to instruments such as SDK, smart contract libraries and Application Programming Interfaces (APIs) that developers can use to directly integrate the MQM token into future dApps or into existing blockchain apps.

**Anti-snap mechanism.** One of my personal favorites, the anti-snap mechanism built on our new Smart Contract is a state-of-the-art security feature, meant for the protection of the token economy and token holders. Many projects out there get headaches because of bots attacking their networks or that farm their reward schemes and bounty programs.

These situations will be prevented thanks to the precautions that we take by implementing anti-snap mechanisms, which are projected to become an industry standard in the near future.

This level of security deters any unwanted or bad actors that may come in contact with our ecosystem, thus resulting in better protection of assets while ensuring an organic ecosystem economy that is not plagued by farming techniques or other unwanted attacks.

So, even though we use open, distributed ledger technologies, we are also making sure the necessary firewalls are in place for the best and safest experience possible.

**Whitelisting features.** Especially meant for the Launchpad, the new Smart Contract enables instant whitelisting for our projects or other projects that will incubate here.

This means that all participating parties, starting from projects all the way down to end users and contributors, will be cryptographically registered in the smart contract protocol, eliminating challenges specific to centralized whitelisting tools, and the limitations related to the manual control of whitelisted participants.

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