Many people don't pay attention to $MTR because they don't understand
@Meter_IO
.
To quote Henry Ford: It's well enough that people of the nation don't understand our banking and monetary system, for if they did, there would be a revolution before tomorrow morning. 1/4 🧵
$MTRG
It must be understood that $MTR is a non-dollar-pegged metastablecoin. Each $MTR is created with using SHA256 Proof of Work, the same method as
#BTC
. With the only difference: mining of $MTR is constantly tied to 10 kwh per $MTR. 2/4
$MTRG
@Meter_IO
Due to the laws of supply and demand, $MTR remains stable. The supply is adjusted by miners' profit-driven activities, maintaining
#MTR
's stability. It must be understood that the network must grow before constant stability can be achieved. 3/4
$MTRG
@Meter_IO
One of the most important uses of the $MTR token is to obtain $MTRG to participate in safeguarding, governance, and growth of
@Meter_IO
This is done via on-chain auctions that are automatically generated by the
#Meter
system every 24 epochs (roughly 24 hours), as shown below 4/4
1/ Next-gen
#DeFi
coin Meter is integrating with Matic to improve the stability & scalability of the DeFi ecosystem!
⚡️Meter is stable money with cross-chain DeFi infrastructure. Unlike traditional stablecoins, Meter is supported by the price of 10 kWh of electricity.