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Meter

IEO Ended
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Meter is a global currency that maintains long-term, stable purchasing power and can’t be censored or manipulated by third parties.
Meter is a DeFi infrastructure with a Built-in PoW based stablecoin. It strives to solve the following problems in decentralized finance:
1. Lack of a crypto-native stablecoin without a counterparty, oracle, and regulatory risks.
2. Slow performance and long confirmation times.
3. Most current DeFi apps are built on Ethereum, making it difficult for non-Ethereum assets to develop DeFi applications.
Meter employs a unique hybrid consensus protocol that separates currency creation from record keeping. Meter leverages PoW to create a fully-decentralized, low-volatility cryptocurrency that eliminates counterparty, regulatory, and oracle risks typically found with fiat- and crypto-collateralized stablecoins. PoS is used to manage the ledger; validators who hold Meter’s governance token, MTRG, approve transactions. This hybrid can process thousands of transactions per second, allowing transactions to reach finality in seconds. Meter also functions as a Layer 2 sidechain for other public blockchains to allow value interaction among different crypto assets.
7.5
TOTAL SCORE
7.3
IEO PROFILE

(weight: 45%)

7
SOCIAL ACTIVITY

(weight: 35%)

9
TEAM PROOF

(weight: 20%)

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General
Website: Visit
White paper: Read
IEO Time: 15 July 2020 - 15 July 2020
Whitelist/KYC: KYC
IEO launchpad: Gate
Token info
Ticker: MTRG
Platform: Blockchain, Own Platform
Token Type: Native main chain token
Available for sale: 1,200,000 MTRG
Total supply: 40,000,000 MTRG
Financial
IEO Price: 1 MTRG = 0.5 USD
Accepting: ETH, BTC, GT, Fiat
Hard cap: 600,000 USD
Q3 2020
Launch Phase 1 of Meter mainnet with 15 Foundation-run nodes. MTR mining will be fully open/
Q4 2020
Launch Phase 2 - commence open staking for high-quality validators and MTRG on-chain auctions. Develop mobile wallets on Android and iOS platforms. Release fully-open-source code.
Q1 2021
Launch Phase 3 - completely open staking and release EVM functionality on the mainnet.
Q2 2021 and beyond
Continue to recruit miners and validators to further decentralize the platform. Forge partnership with merchants, exchanges and developer platforms to increase the use of MTR and MTRG
Last screenshot taken on 18 Jul 2020
Meter IEO
Screenshots taken 10 Jul 2020
Xiaohan Zhu
Product & Architecture
Takes part in this project only
Young Yu
Architecture & Engineering
Takes part in this project only
Simon Zhang
Engineering
Takes part in this project only
David Shao
Cryptography & Engineering
Takes part in this project only
Altay Sabyrbay
Engineering
Takes part in this project only

Advisors (4)

Shoucheng Zhang
Participates in several projects
Andrew Miller
Participates in a number of projects
Jiasun Li
Participates in several projects
George Samman
Participates in several projects
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