Meter.io Project Highlight For October 2021
Meter team been working diligently on quality products in the DeFi space, Interoperability and Scaling with the pieces finally starting to fall into place. They had great partnerships launch on Meter Passport and a KuCoin listing which materialized in October that were brewing behind the scenes for a long time.
Meter.io Month of October 2021 Highlights
- CEX updates — New Listing on KuCoin, Deposit Support on Gate.io — Meter were thrilled to be listed on KuCoin this month. They have witnessed an almost immediate effect on daily transaction volumes from few hundred thousand USD to a few million USD. They ran a successful KuCoin trading competition with an exciting rewards pool worth $40,000.
- Major headways on Meter Passport — Partnerships galore — Meter were able to onboard 3 more Networks onto the Meter Passport; most crucial of which was Theta! Theta and Meter.io announced Meter Passport as their official bridge for transfer of assets from Ethereum, BSC, Moonriver and Meter Networks. They were also thrilled to onboard Energy Web Chain who will use Meter Passport for 2-way transfer of EWT and MOVR with Moonriver and Polis chain who will use Meter Passport for 2-way transfer of DAI with BSC.
- VoltSwap Update — Meter enabled ‘VOLT’ single asset staking on VoltSwap this month. Community can now stake their Volt to earn additional rewards from 0.05% transaction fees on every trade on VoltSwap. The 0.05% transaction fees are used to market-buy VOLT and distribute to the community users staking their VOLT.
- Onboarding New dApps — are actively working on onboarding new dApps into the ecosystem. We have a $10 Million Developer Grants Program — see here and are incentivizing community members with $1000 prize for every dApp/ developer they help onboard– see here
- Community Growth — Critical parameter of growth — Through its community initiatives, great Meter Passport Partnerships and KuCoin listing, Meter were able to grow its User Wallets from 3875 to 4501 this month. A 17% increase.
ABOUT Meter.io
Meter is DeFi infrastructure with a built-in, crypto-native, metastable currency, $MTR. It uses HotStuff-based PoS consensus with $MTRG, the Meter governance token, to manage the blockchain ledger. Meter functions as a highly decentralized, high-performance side chain for Ethereum and other public chains.
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