Meter Stable Logo

Meter Stable MTR

Meter Stable header image

1. Summary

Ranks

Liquidity
53
Developer
68
Social
83
Momentum (beta)
77
Stack Rank™
54
Price
$0.61 -0.4%
Market Cap
$237,773.00 (#3885)
Supply
391,722.00 / 391,722.00
Price
52W High price $1.21
52W High date 4th Jan 2024 (5 months ago)
All Time High (ATH) Date 10th Apr 2021 (3 years ago)
ATH Price $32.69
% From ATH -96.44%
All Time Low (ATL) Date 9th Nov 2020 (3 years ago)
ATL Price $0.29
% From ATL 306.88%
Supply & Trading Volume
Trading Volume (24h) $76,666.00
Total Supply 391,722.00
Circulating Supply 391,722.00
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.

2. Price

MTR

2.1. Market Performance

How does Meter Stable's (MTR) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

0.5%

MTR

-8.4%

Similar Market Cap

60 Day Return

9.2%

MTR

-4.0%

Similar Market Cap

1 Year Return

52.9%

MTR

18.1%

Similar Market Cap

3. Developer Activity

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 8
  • Past year: 588 commits vs. an average of 135

Most Active Repos

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.

4. Social Activity

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 6,598
Twitter followers 37,689
5. News

No recent news found.

7. More Information

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/
Twitter @Meter_IO
reddit /r/Meter_io

Has Meter Stable been audited for security?

No security audits found for this project.

Are you the owner of Meter Stable? Edit it here

Subscribe for free

Investment alerts and insights directly in your inbox.

By continuing, you agree to the Stack Terms of Service and Privacy Policy.