MTRG is the governance token of the Meter network and is used in its PoS (Proof of Stake) consensus. It differs from MTR: MTRG mainly serves staking and governance roles, while MTR is another token in the network.

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Q: What can MTRG be used for?

Holders can stake MTRG directly to become validators or delegate it to validators to participate in Meter transaction confirmation and ledger security. Delegation lets users who do not run a node participate in network staking.

Q: What governance rights come with holding MTRG?

MTRG holders can participate in Meter governance and vote on major matters such as monetary policy, MTR production parameters, and new features. Governance decisions affect network rules but do not represent ownership of company equity.

Q: Is there a minimum MTRG staking amount and exit waiting period?

The listed minimum staking amount is 100 MTRG. To unstake, users must first unbind, then wait 7 days and until the current cycle ends before tokens become available in the wallet.

Q: Where do MTRG staking rewards come from?

Staking rewards come from the network's annual issuance and are generally distributed about every 24 hours. The listed annual issuance rate is 5%, but governance can adjust it; actual rewards are also affected by the staking ratio and delegated validator status.

Q: How does automatic bidding affect staking rewards?

Newly issued MTRG can be obtained through on-chain auctions. When stakers enable automatic bidding, the MTR they receive is entered into auctions to bid for MTRG; when they do not, they receive MTR rewards under this mechanism.

Rank 5416

$0.001624

Market Cap

$52.44K

24h High

24h Low

24h Turnover

$0.00

Total Supply

52.75M

Market Sentiment

Neutral

Meter (MTRG) Price Performance

Meter (MTRG) has a Last Price of $0.001624, with a 24h change of 0.00%. The 24h low is --, the 24h high is --, and the 24h turnover is $0.00. The current market cap is approximately $52.44K, ranking 5416 by market cap and accounting for 0.0000016% of the total crypto market cap. The All-Time High is $16.470000 (⁦2021-11-02⁩), with a change from the All-Time High of -99.99%.

Fear & Greed Index

0 Extreme Fear100 Extreme Greed

Yesterday: 55; Normal
Last Week: 62; Greed
Last Month: 70; Greed

The Fear & Greed Index is currently 63/100, in the Greed zone; change from yesterday: +8, from last week: +1, and from last month: -7. Lower values indicate more fearful sentiment, while higher values indicate more greedy sentiment. This does not represent price change.

About Meter (MTRG)

Meter is an EVM high-performance public chain based on the HotStuff2 consensus, Meter's governance token MTRG uses a POS to protect the security of the network, and MTR, a semi-stable coin generated with Bitcoin miner POW, pays for the network's Gas.

Use Cases and Features

MTRG is the governance token of the Meter network and the staking asset in its PoS (proof-of-stake) ledger consensus. Holders can stake as validators themselves or delegate to validators to participate in transaction confirmation; they can also vote on governance matters including monetary policy, MTR production parameters, and feature updates. Meter uses MTRG to manage the blockchain ledger, while MTR is another token in the network.

Supply and Issuance Mechanism

MTRG's circulating supply increases through daily issuance used for network security. Staking rewards come from annual network issuance; the stated annual issuance rate is 5%, though this rate can be changed through governance. Validators and delegators may choose to use earned MTR in on-chain auctions to bid for newly issued MTRG; without automatic bidding, rewards are received as MTR.

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Est.30-Day APR

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Frequently Asked Questions About Meter (MTRG)

What is MTRG?

What can MTRG be used for?

What governance rights come with holding MTRG?

Is there a minimum MTRG staking amount and exit waiting period?

Where do MTRG staking rewards come from?

How does automatic bidding affect staking rewards?

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