The prize pool for this Tournament is up to $5,000. Attention! You don’t even have to pay to enter the Tournament, registration is free! All dragons will be available to participating players! Freely choose your dream team!! Don’t miss out on this strategic game which is totally P2E for free!

In addition, there is another surprise for the participants. All participating players who successfully register and finish 1 game in the Tournament will get a surprise airdrop for free. Take action now. (After registration, you must join Discord to sign in)

About the Tournament

• Total prize pool: $5,000
• Registration time: 10:00 UTC, March 14-March 22
• A maximum number of participants: 512 (Each player can only register once)
• Sign-in deadline: 12PM UTC, March 22

After you have filled out the tournament registration form, enter “your game ID + Check in” (which you have filled in the registration form) to the #sign-in channel to check in(eg. 123456+ Check-in); participants who do not complete the sign-in in time will be deemed to have abandoned the Tournament.

Tournament time

The specific time will be announced within 3 days after the registration closes. Please keep an eye on the tournament-related channels in the DragonMaster Discord.

Tournament mechanism

It will be announced within 3 days after the registration closes. Please keep an eye on the tournament-related channels in the DragonMaster Discord.

Other information

• All participating players will get one SBT
• The event prize bonus is equivalent to $MTRG
• The event rewards TOKEN and NFT will be issued on the Meter Chain
• All dragons will be available to participate players, and everyone can choose their dream team

ABOUT DragonMaster

DragonMaster is the first blockchain-based Metaverse game that blends RTS, MOBA, Collection, and Play to Earn gameplay. DragonMaster now allows anyone to join the game for free! Just with 1 phone, you can enjoy the game easily! Each player will have a lovely set of white dragon teams when they enter the game.

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About Meter.io

Meter.io is a blockchain project that aims to provide an efficient and cost-effective way to transfer value across different blockchain networks. It uses a Proof-of-Stake consensus mechanism and a novel economic model to ensure the stability and reliability of the network. Meter.io’s cross-chain functionality makes it easier for users to access and use different blockchain networks without having to worry about compatibility issues or high transaction fees.

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The Meter blockchain is designed to be compatible with the Ethereum Virtual Machine (EVM), meaning that developers can use existing Ethereum tools and programming languages to build dApps on the Meter blockchain. However, unlike Ethereum, Meter uses a Proof-of-Capacity (PoC) consensus mechanism, which allows for high scalability and energy efficiency.

The Meter blockchain also includes a unique feature called “MTR staking”. It allows users to earn rewards by staking MTR tokens and participating in the network’s consensus process. The rewards are distributed in the form of newly minted MTR tokens, which incentivize network participation and provide a mechanism for token distribution.

What Are The Key Features Of Meter?

The Meter has several key features that set it apart from other blockchain protocols:

1. Proof-of-Capacity (PoC) Consensus Mechanism
   The Meter uses a PoC consensus mechanism that is designed to be energy-efficient and scalable. Furthermore, this mechanism allows users to mine blocks by proving that they have allocated storage space on their devices, rather than by solving complex mathematical equations like other consensus mechanisms. This approach helps to reduce energy consumption and improve scalability.
2. Ethereum-Compatible
   The Meter blockchain is compatible with the Ethereum Virtual Machine (EVM). This means that developers can use existing Ethereum tools and programming languages to build decentralized applications (dApps) on the Meter blockchain.
3. Decentralized Finance (DeFi) Focus
   In addition, Meter is designed to be a platform for DeFi applications, and it includes a variety of features that are specifically tailored to DeFi, such as algorithmic stablecoin (MTR), staking, and cross-chain interoperability.
4. Cross-Chain Interoperability
   The Meter is designed to be interoperable with other blockchain protocols, which means that users can transfer assets and data between different blockchains. Moreover, this interoperability is achieved through the use of bridges and other technologies that allow for cross-chain communication.
5. MTR Staking
   The Meter includes a staking mechanism that allows users to earn rewards by staking MTR tokens and participating in the network’s consensus process. The rewards are distributed in the form of newly minted MTR tokens, which incentivize network participation and provide a mechanism for token distribution.

All these features make Meter a unique and powerful blockchain protocol that is well-suited for building decentralized finance applications and other types of decentralized applications.

What Are The Products of Meter?

Meter has several products that are designed to support the development and use of its blockchain protocol.

These include:

The Meter Passport

Meter Passport is a multi-chain wallet that allows users to securely store and manage their assets across multiple blockchains. These blockchains include Meter, Ethereum, and Binance Smart Chain. Meter Passport is designed to be user-friendly and easy to use, with features such as one-click token swaps and a decentralized exchange (DEX) aggregator.

The Meter Explorer

Meter Explorer is a block explorer that allows users to view transaction histories and other data on the Meter blockchain. The explorer provides real-time data on block production, network activity, and other metrics, making it a valuable tool for developers and users.

Meter Bridge

Meter Bridge is a cross-chain bridge that allows users to transfer assets between the Meter blockchain and other blockchains. The bridge is designed to be fast and secure, and it supports a wide range of assets, including BTC, ETH, and ERC-20 tokens.

Meter Stable

Meter Stable is an algorithmic stablecoin that is pegged to the value of a basket of commodities, including gold, silver, and oil. The stablecoin is designed to be stable and reliable, with low volatility and a high level of decentralization.

Meter Governance

Meter Governance is a decentralized governance system that allows users to participate in the decision-making process for the Meter blockchain. Additionally, users can submit proposals, vote on proposals, and earn rewards for participating in governance.

Overall, these products are designed to support the development and use of the Meter blockchain and to provide users with a range of tools and services that make it easy to use and interact with the blockchain.

The Meter Token and its Use Cases

The Meter Token (MTR) is the native token of the Meter blockchain, and it serves several important use cases on the platform.

Some of the key use cases of the MTR token include:

• Staking
  Users can stake MTR tokens to participate in the network’s consensus process. They can also earn rewards for validating transactions and producing blocks. The staking mechanism also helps to secure the network and ensure its reliability and efficiency.
• Transaction Fees
  MTR tokens are also used to pay transaction fees on the Meter blockchain. These fees are used to incentivize validators to include transactions in the blockchain and to prevent spam and other forms of abuse.
• Governance
  MTR tokens are also used for decentralized governance on the Meter blockchain. Token holders can submit proposals, vote on proposals, and earn rewards for participating in the decision-making process.
• Cross-Chain Bridge Fees
  MTR tokens are used to pay for fees associated with the Meter Bridge. It also allows cross-chain asset transfers between the Meter blockchain and other blockchains.
• Algorithmic Stablecoin
  MTR tokens are used as collateral for the Meter Stable stablecoin. It is an algorithmic stablecoin pegged to the value of a basket of commodities. By holding MTR tokens, users can generate Meter Stable and use it for transactions and other purposes on the platform.

Overall, the MTR token is a key component of the Meter blockchain ecosystem, and it serves multiple important use cases, including staking, governance, and cross-chain interoperability.

Meter Governance Token

MTRG is the governance token of the Meter blockchain. It is also used to participate in the decentralized governance of the network, allowing token holders to vote on proposals and make decisions that impact the development and direction of the platform.

MTRG is a separate token from the MTR token.  This is used for staking, transaction fees, and other functions on the Meter blockchain. However, MTRG can be earned by staking MTR tokens and participating in the network’s consensus process. By staking MTR tokens, users can earn rewards in the form of newly minted MTRG tokens, which can then be used to participate in governance.

Furthermore, the MTRG token is designed to provide a mechanism for decentralized decision-making on the Meter blockchain. Through the use of MTRG, users can submit proposals for platform improvements, changes to network parameters, and other types of decisions. These proposals are then voted on by the community. Furthermore, with MTRG token holders have a proportional say in the outcome of each vote.

Overall, MTRG is an important component of the Meter blockchain ecosystem. It also provides a mechanism for decentralized governance and allows users to participate in the decision-making process for the platform.

METER OFFICIAL CHANNEL

Website | Twitter | Discord | Telegram

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The post Interesting Facts About Meter appeared first on Smart Liquidity Research.

Meter Passport v1.5 successfully went live in October after the completion of a rigorous external audit by Haechi Audit. With Meter Passport v1.5, Meter Network is now used as the relay chain with a signature collection contract deployed on Meter for the relayers to vote. Compared to other EVM chains, the instant finality behavior on Meter Network makes it a better Relay Chain.

In addition, the new design introduces lower bridging cost (reduced operational overhead for the relayers), increased Relayer uptime (with dual RPC Endpoints), and increased liveness (users can submit Relayer’s signature directly on the destination chain).

Partnership and Integration

Meter successfully partners with Ledger. Hardware wallets provide a safer way to store crypto assets due to their ability to manage the private key (used for signing transactions) offline. They provide an additional layer of security against the risks of compromised private keys (phishing attacks) or malicious smart contracts.

Legends at War x Meter

Legends at War (L.A.W.), an advanced MMORTS Play-and-earn game produced by Sabre Games, announced a partnership to launch the game on the Meter Blockchain.

Set in Medieval Europe, L.A.W. enables players to build cities, train armies, hire legendary heroes, wage war, and forge alliances in an on-chain sandbox environment featuring real-time battles of up to 100 participants. The game offers the most immersive on-chain experience for gamers to date.

Meter Ecosystem

Meter Mallows NFT

The Meter Mallows — a fun NFT project that enables users to customize mallows, breed new mallows, and trade mallows in the NFT marketplace, launched on Meter Mainnet this month. The NFT project won second place in the NFT category for the 2022 Meter Ethereum Hackathon.

Golucky Relaunch

Golucky.io, one of the first dApps on the Network is set to relaunch with a new raffle design on Meter Network. With daily raffle participation costing as low as 0.1 MTRG and 5 VOLT, the new design provides a great opportunity for the community to play some fun daily raffles.

Network Statistics

Total Value Locked: The TVL on the Meter ecosystem is $2.8 million currently on Voltswap and Chee Finance. Its primary focus in the coming months remains to onboard DApps. Bring more TVL and user base to the Meter ecosystem.

• Staking and Node Operation: There are currently 291 nodes on the mainnet supporting 10.4% APY on staking with 48.17% of the circulating supply staked.
• Blocks and Transactions:  surpassed over 30 million blocks on the Meter mainnet with an average latency of 2.4 seconds. Total transactions stood around 9.5 million.
• User Wallets: The user wallets continued to grow to 8353 wallets.
• Gasless Swap: With a growing ecosystem, CEX integrations, and community, Meter introduced gasless swap for new users on https://wallet.meter.io/swap. Users can now get MTR for native gas transactions independently.
• MTRG Burn: Another month, another burn of transaction fees. Meter has now burned an overall of 11500 MTRG through its burn program.

ABOUT Meter

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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One of Meter’s goals is maximizing interoperability with other public blockchains. Meter Passports is currently secured by five relayers including Protofire, Harshquark, Wetez, InfinityStones, and Meter team through multisig contracts. The next version will support an unlimited number of relayers.

It can transfer native tokens, and tokens in various token standards like ERC20, ERC721, and ERC1155 in addition to passing arbitrary generic messages between blockchains.

A user transferring tokens from Chain A to Chain B first deposits the tokens into the bridge contract of Chain A. The contract locks the tokens on Chain A, emitting an event once the deposit is successful.

The relayers, off-chain operators of the system, will listen to these events and create a relay transaction to the relay chain. The Relayers propose a vote on the data of the deposit and submit their signatures on the relay chain.

Once the threshold is met, one of the relayers or any user can collect all the signatures and send them to Chain B. The smart contract on Chain B will validate again all the signatures and the deposit data and then release the fund on Chain B.

Salient Features

With Meter Passport v1.5, Meter Network is now used as the relay chain with a signature collection contract deployed on Meter for the relayers to vote.

Compared to other EVM chains, the instant finality behavior on Meter Network makes it a better Relay Chain. Essentially every confirmed transaction in the block is 100% finalized, introducing minimal delay and ensuring certainty to the cross-chain transactions.

The new relay chain design significantly reduces the operational overhead for the relayers. They just have to listen to the transactions on multiple networks and send transactions on the Meter network. Also, unlike passport v1, once a proposal is passed on the relay chain, only one transaction is needed on the destination chain to complete the bridging process.

The Addition of Dual RPC Endpoints

The addition of dual RPC endpoints for the relayers further increases the Relayer uptime. Such design allows more Relayers to join the cross-chain validation and makes the process more secure and censorship-resistant.

In addition, as long as there are enough relayers online to vote cross-chain transactions on the relay chain, the user could submit the relayers’ signatures directly to Chain B (Tutorial on this shortly). All these will dramatically enhance the liveness and usability of the bridge.

The Meter Passport Audit

The Meter Passport v1.5 smart contracts were developed on the ChainSafe v2.x bridge contracts. Meter’s additions were mainly focusing on the relay chain signature aggregation design. The original contracts were internally audited through a separate team at ChainSafe.

To ensure the security of the overall smart contracts, we spent over a month completing a thorough and rigorous audit of the final version of the smart contracts by HAECHI AUDIT.

During the audit, 8 findings of varying severity levels (three critical, two major, and three minor) were found and subsequently resolved to ensure that the codebase is rigorously tested and verified. HAECHI also recommended two tips to improve the codebase’s overall efficiency and usability.

ABOUT Meter

Meter is a high-performance blockchain infrastructure that scales and connects the financial internet. Meter is a dual token economy. A PoS governance token MTRG secures the ledger and a PoW-based metastable gas currency MTR. It aims to complete Satoshi’s original vision to create sound money independent of fiat currencies.

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