Meter Governance Price (MTRG)

Meter Governance (MTRG) is a DeFi infrastructure with an in-built, metastable, crypto-native currency. The platform claims to function as a high-performance, highly-decentralized side-chain for Ethereum and multiple other public chains. The Meter Governance structure utilizes Proof of Work for building a low-volatility and fully decentralized coin for payments and expenses. The platform uses Proof of Stake based on HotStuff with the MTRG coin for validating the transactions, as per the website’s claims. The hybrid consensus tool makes the platform fast; the Meter system can efficiently process thousands of trade transactions per second, achieving finality instantly and securely. As per its whitepaper, MTRG is a vital part of Meter's ingenious hybrid consensus protocol, making the platform greener, a hundred times quicker than standard proof of work-based blockchain.

The Meter Governance platform strives to solve two significant problems in the cryptocurrency ecosystem such as:

MTRG is the native and governance token.) of the Meter ecosystem. As per its whitepaper, the token is designed for significant modifications to the monetary policy, MTR productions and latest element added to the primary chain which need voting to be started by MTRG. The holders can stake the MTRG tokens simply as a PoS (Proof of Stake) validator or assign them to other PoS validators for approving transactions and earning MTR. The holders can earn varied costs paid in the MTR from the on-chain and cross-chain transactions. The MTRG tokens can be staked in the DeFi apps developed by the Meter platform. The traders can partake in the governance of the Meter ecosystem.

The Meter Governance platform launched its Meter Passport in the third quarter of 2021. In the fourth quarter of 2021, the platform burned MTRG coins. The platform suggested costs and gas optimization in the first quarter of 2022.

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The current market cap of Meter Governance is $16.09M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Meter Governance is $33.55. This all-time high is highest price paid for Meter Governance since it was launched.

Over the last 24 hours, the trading volume of Meter Governance is $61.69K.

Assets that have a similar market cap to Meter Governance include DeFinder Capital, Metadium, Cobak Token, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Meter Governance is 27 million.