Meter Stable MTR
1. Summary
- Price
-
$0.66 +1.8%
- Market Cap
- $257,003.00 (#5514)
- Supply
- 391,721.00 / 391,721.00
- Description
-
Meter Stable, symbolized as MTR, is a stable cryptocurrency that uses a Proof-of-Work (PoW) mining consensus mechanism. It is designed to be permissionless and uncensorable, eliminating the risks associated with crypto- and fiat-backed stablecoins. MTR is pegged to the cost of 10 kilowatt-hours (KWH) of electricity, which is proven to be more stabl...
Meter Stable, symbolized as MTR, is a stable cryptocurrency that uses a Proof-of-Work (PoW) mining consensus mechanism. It is designed to be permissionless and uncensorable, eliminating the risks associated with crypto- and fiat-backed stablecoins. MTR is pegged to the cost of 10 kilowatt-hours (KWH) of electricity, which is proven to be more stable than any fiat currency over the last 60 years when adjusted for inflation.
MTR is mined using SHA256 PoW, with each coin requiring the consumption of 10 KWH electricity. The equilibrium price of MTR is derived from the cost of production and the behavior of PoW miners who arbitrage. This mechanism ensures that MTR remains metastable in value and independent of the fiat system.
Key features include:
- Sound Economic Model: Stability is ensured through economic incentives, making it inflation-resistant and supply elastic.
- Truly Permissionless: Supply is driven by miners’ arbitraging behavior, ensuring there is no central authority controlling the currency.
- Referenced to Physical World: MTR is tied to the cost of electricity, providing a stable reference point.
- True Interoperability & Scalability: Meter Blockchain offers high interoperability and scalability through features like Meter Passport and Meter Tesla Mainnet.
Meter, developed by Meter.io, aims to create a fast, fair, and stable infrastructure for the Web3 economy. The platform focuses on high performance, frontrunning, and censorship resistance. Additionally, it supports interoperability with multiple blockchains and has a flatcoin linked to 10 KWH electricity.
The supply of MTR is uncapped, and the currency is designed to be neither deflationary nor inflationary. When demand is high, miners will increase supply, and when demand is low, the supply is reduced through the internal MTRG auction process. This ensures the value of MTR remains stable over time.
| Price | |
| 52W High price | $1.21 |
| 52W High date | 4th Jan 2024 (11 months ago) |
| All Time High (ATH) Date | 10th Apr 2021 (3 years ago) |
| ATH Price | $32.69 |
| % From ATH | -98.27% |
| All Time Low (ATL) Date | 9th Nov 2020 (4 years ago) |
| ATL Price | $0.29 |
| % From ATL | 97.94% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $3,057.00 |
| Total Supply | 391,721.00 |
| Circulating Supply | 391,721.00 |
MTR
How does Meter Stable's (MTR) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
-8.2%
MTR
6.3%
Similar Market Cap
60 Day Return
-18.1%
MTR
-14.9%
Similar Market Cap
1 Year Return
-25.1%
MTR
-17.3%
Similar Market Cap
We're monitoring 116 Meter Stable GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.
Weekly Commits (All Meter Stable Repos)
Commits vs. The Market
- Past 4 weeks: 10 commits vs. an average of 1
- Past 12 weeks: 46 commits vs. an average of 7
- Past year: 588 commits vs. an average of 104
Most Active Repos
| Past week | 39 |
|---|---|
| Past 12 weeks | 109 |
| Past year | 552 |
| Past week | 29 |
|---|---|
| Past 12 weeks | 65 |
| Past year | 231 |
| Past week | 1 |
|---|---|
| Past 12 weeks | 81 |
| Past year | 220 |
| Past week | 36 |
|---|---|
| Past 12 weeks | 50 |
| Past year | 219 |
| Past week | 9 |
|---|---|
| Past 12 weeks | 36 |
| Past year | 201 |
| Past week | 1 |
|---|---|
| Past 12 weeks | 16 |
| Past year | 177 |
Top Developers 2024
In total, 696 developers have contributed to Meter Stable over the past year. Who are the most active Meter Stable developers, by commits, over the past year?
Related Projects
Developers working on Meter Stable also worked on these projects.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | 1,561 |
|---|---|
| Active Reddit Users (past 24h) | 4 |
| Discord users | |
| Active Discord Users | |
| Telegram Users | 6,962 |
| Twitter followers | 36,679 |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://www.meter.io/ |
|---|---|
| Explorer | http://scan.meter.io/ |
| @Meter_IO | |
| /r/Meter_io |
Has Meter Stable been audited for security?
No security audits found for this project.
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