{
  "url": "https://blockindex.ai/coin/metax",
  "name": "Meta tokenized stock (xStock)",
  "links": {
    "github": null,
    "website": "https://xstocks.com/",
    "whitepaper": "https://docs.backed.fi/"
  },
  "dScore": 46,
  "market": {
    "priceUsd": 574.5949967350326,
    "marketCapUsd": 81914982.61107855,
    "volume24hUsd": 1285468.60424778,
    "priceChange7dPct": 0.76797431,
    "priceChange24hPct": -0.1216932
  },
  "source": "BlockIndex.AI",
  "supply": {
    "max": null,
    "circulating": 142561.25284163,
    "circulatingPct": null
  },
  "ticker": "METAX",
  "founder": "N/A",
  "vcFunded": false,
  "updatedAt": "2026-06-19T06:00:20.165175+00:00",
  "fairLaunch": false,
  "launchYear": null,
  "description": "Meta tokenized stock (xStock), ticker METAX, is a tokenized-stock tracker certificate designed to provide blockchain-based exposure to the price of Meta Platforms, Inc. The supplied data describes METAX as a real-world-asset product associated with xStocks and Backed, issued as token representations rather than as an independent blockchain. Its purpose is to let eligible crypto-market participants hold and transfer an instrument that tracks a traditional public-company equity price while using blockchain custody and settlement rails. The available official-site context emphasizes access restrictions and securities-law limitations, including prohibitions for U.S. citizens, U.S. residents, and persons taxable in the United States, and states that the securities are not registered under the U.S. Securities Act of 1933 or with U.S. state securities regulators.\n\nTechnically, METAX is not a native proof-of-work or proof-of-stake network and does not operate its own validator or miner infrastructure. It is a token product issued across multiple networks, with the provided summaries specifically identifying Solana SPL and ERC-20 formats and additional explorer coverage on Ethereum, BNB Smart Chain, Arbitrum, TON, and Mantle. Because it inherits the settlement and consensus properties of parent chains, METAX has no METAX-specific block time, block reward, chain size, or full-node count. The main technical feature documented in the data is its tokenized-stock architecture: blockchain tokens are used to represent exposure to Meta Platforms stock, with on-chain visibility through explorers such as Solscan, Etherscan, BscScan, Arbiscan, Tonscan, Tonviewer, and Mantlescan.\n\nThe product’s primary use case is regulated real-world-asset access rather than decentralized application infrastructure. METAX is intended for eligible users seeking crypto-native exposure to Meta Platforms equity price movements, with market data available through CoinMarketCap, CoinGecko, Coinbase, CryptoCompare, and TradingView. The wallet and exchange dataset lists support across hardware, desktop, mobile, and browser-extension wallets, including Ledger, Electrum, MEW, Argent, MetaMask, and Phantom. Exchange coverage is broad in the supplied data, with centralized venues such as Bybit, Coinbase, Binance, Kraken, Bitget, FTX, LBank, BingX, Biconomy.com, and Hotcoin, plus several DEX listings, and trading pairs including METAX/USDT and METAX/USD.\n\nThe provided market profile lists METAX at $622.74, with market capitalization of $88.75 million, 24-hour volume of $1.37 million, total supply of 142,510 METAX, and circulating supply of 142,510 METAX, implying 100% circulation relative to the reported total supply in that data snapshot. The supplied all-time high is $1,147.00 on July 3, 2025, and the all-time low is reported around $520.30 on March 28, 2026. No maximum supply, premine percentage, public initial percentage, ICO amount, staking yield, or native monetary-policy schedule is disclosed in the supplied material. Because METAX is a tracker certificate tied to an underlying equity exposure, its economic design is closer to a tokenized financial instrument than to a cryptocurrency with block rewards, emissions, or miner incentives.\n\nGovernance appears to be centralized and issuer-driven rather than DAO-based. The DScore extraction identifies Backed / xStocks as the relevant company context and describes governance as off-chain corporate and regulatory governance, with no DAO, token-voting system, public governance treasury, CEO record, GitHub repository, or open-source development process found in the provided data. No METAX-specific hacks, exploits, network halts, chain freezes, emergency interventions, or protocol upgrades are documented. The principal risks visible in the supplied summaries are regulatory eligibility restrictions, market-price risk, incomplete public data about issuer operations and allocation details, and dependence on parent-chain infrastructure rather than METAX-controlled network autonomy.",
  "methodology": "https://blockindex.ai/dscore",
  "classification": {
    "layer": "Layer 2",
    "isToken": true,
    "consensus": "Other",
    "parentChain": "SOL"
  },
  "dScoreComponents": {
    "autonomy": 0,
    "ageHistory": 5,
    "governance": 16,
    "nodeDistribution": 0,
    "initialDistribution": 25
  },
  "decentralizationVerdict": "Moderately Decentralized"
}