Meter Stable

Meter Stable

MTR
$1.07%-2.62

Key Metrics

Price$1.07
Real Volume (24H)$60,936.14
Marketcap$418,903.52
Fully Diluted ValuationN/A
ATH$32.69
ATH Date4/11/2021, 1:41:22 AM
ATL$0.286027
ATL Date11/9/2020, 7:44:38 PM
Circulating SupplyN/A
Total SupplyN/A
WebsiteN/A
WhitepaperN/A
Popularity Rank2702
Chart
What is Meter Stable?

Meter is a revolutionary cryptocurrency developed by Meter.io that offers unprecedented stability and independence from the fiat system. It utilizes blockchain technology and NFTs to create an uncensorable and permissionless monetary system that is fast and stable in value.

Unlike fiat currencies that are vulnerable to inflation, Meter anchors its value to the price of 10 KWH of electricity, which has been shown to be more stable adjusted for inflation than any fiat currency over the last six decades. This unique design ensures that Meter users can retain their purchasing power and protect their wealth against the ravages of inflation.

Every MTR is mined by consuming 10 KWH of electricity using SHA256 Proof-of-Work (PoW) algorithm, which ensures that the equilibrium price of MTR is derived from the cost of production and the PoW miners' arbitrage behavior. This ensures that Meter's economic model is sound and that its supply remains elastic while also being resistant to inflation.

Meter's key highlights include its sound economic model, which provides stability through economic incentives, ensures inflation resistance, and offers elastic supply. It is truly permissionless, with its supply driven by miners' arbitrage behavior. Additionally, Meter is referenced to the physical world, with each MTR being mined by consuming 10 KWH of electricity using SHA256 PoW algorithm, making it a true interoperable and scalable cryptocurrency.

Meter Passport and Meter Tesla Mainnet are two groundbreaking technologies that Meter has introduced to ensure true interoperability and scalability. Meter Passport is a decentralized identity management system that enables users to securely and easily manage their digital identities across multiple blockchain networks. Meter Tesla Mainnet, on the other hand, is a high-performance blockchain that can process up to 10,000 transactions per second. This makes Meter ideal for use in high-volume applications such as gaming, social media, and decentralized finance (DeFi).

Developed by a team of experienced developers led by Xiaohan Zhu, Meter has a maximum supply of 100 million MTR tokens, with a circulating supply of over 20 million MTR. The Meter team is committed to providing users with a stable, secure, and scalable cryptocurrency that is independent of centralized authorities and fiat currencies.

In conclusion, Meter is a revolutionary cryptocurrency that offers users unprecedented stability and independence from the fiat system. Its unique design, anchored to the price of 10 KWH of electricity, ensures that Meter users can retain their purchasing power and protect their wealth against inflation. Its sound economic model, true interoperability, and scalability make it an ideal cryptocurrency for use in a wide range of applications, from gaming and social media to DeFi.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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