Meter Governance (MTRG) is the governance token for the Meter Network, a hybrid blockchain that combines elements of proof-of-stake (PoS) and proof-of-work (PoW) to eliminate frontrunning and achieve fast transaction finality. The network also features a censorship-resistant stablecoin pegged to 10kWh, ensuring a stable long-term value. Users can mine Meter’s metastable gas currency, MTR, to pay transaction fees and participate in auctions for MTRG tokens.
With its focus on speed, fairness, and low costs, Meter enables developers to build high-performance decentralized applications (dApps) that process thousands of transactions per second with instant finality. The platform prioritizes freedom and decentralization while resisting censorship and minimizing the risks of front running. Meter’s native metastable coin fulfills Satoshi’s vision of a sound money system independent of fiat currency.
Meter offers interoperability with multiple blockchains and allows for the bridging of assets. It also supports a large number of validators to ensure the security and decentralization of the network. More than 100 dApps have already adopted Meter to enhance their performance. The governance token, MTRG, plays a crucial role in the network’s economic design, with its supply adjusting dynamically based on demand.