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

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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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Meter created a simple guide on securing crypto assets on its network using Ledger to make it possible.

This tutorial will show you how to create your first Ledger Meter (MTR) account with your Ledger device and MetaMask.

• Update Ledger Live through the notification banner or download the latest version.
• Update the firmware on your Ledger Nano S / Nano S Plus / Nano X.

If you’re all set and completes updating and downloading the firmware mentioned above you can now proceed to the next step.

Install the Meter (MTR) app on your Ledger device

1. Connect and unlock your Ledger device.
2. Open Ledger Live and navigate to My Ledger.
3. If asked, allow access to My Ledger by pressing both buttons on your Ledger device simultaneously.
4. In My Ledger, select the App Catalog, search for Meter (MTR), and click Install.
   You’re done.

Next Steps

• Ledger Live does not support Meter (MTR) account yet but you can safely create your first Ledger Meter (MTR) account with MetaMask. Click here to learn more.

Meter is a DeFi infrastructure with a built-in, crypto-native, metastable currency, MTR.
It uses HotStuff-based PoS consensus with MTRG (Meter Governance Token) to manage the blockchain ledger. Meter functions as a highly-decentralized, high-performance side chain for Ethereum and other public chains.

The Meter system uses Proof of Work to create a fully-decentralized, low-volatility coin MTR for fees and payments, and HotStuff-based Proof of Stake with the MTRG governance coin to validate transactions.

This hybrid consensus mechanism makes Meter fast – the system can process thousands of transactions per second, reaching finality almost instantly – and super secure.

FOLLOW METER CHANNELS TO GET MORE UPDATES

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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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With an optimized Hotstuff Proof-of-Stake (PoS) consensus mechanism, Meter increases network transactions-per-second (TPS) to thousands of transactions, while keeping hundreds of nodes online, featuring an optimized transaction module to realize maximal extractable value (MEV) resistance.

Meter ($MTRG) is a stablecoin that focuses on inflation resistance. It is permissionless without compromising performance, offers instant and immutable transaction records, and provides financial infrastructure that can operate as a side chain to be leveraged by all public blockchains.

The protocol accomplishes all of this via a hybrid consensus model that combines the best of Proof-of-Work (PoW) and PoS counterparts, which enables Meter to be censorship-resistant, efficient, secure, and environmentally friendly. This hybridization has helped align incentives between users, miners, and developers of the Meter blockchain by separating their currency creation from their banking and accounting.

Recently, the Meter and Pocket Network communities discussed the desire to form a partnership, with both parties agreeing that cooperating will bolster a more decentralized technology stack and better user experience for both networks.

Furthermore, by integrating with Pocket Network, Meter has agreed to route their RPC service, which currently relies on centralized providers, to Pocket Network’s decentralized network. With this newly launched integration, end users can benefit from a stable and highly performant RPC service, and developers can build on their own custom Meter endpoints by using the Pocket Portal.

Moreover, compared with centralized RPC providers, Pocket Network is capable of providing thousands of service nodes for Meter and delivering unstoppable infrastructure with high redundancy on a fully distributed network. Since Mainnet’s launch in July 2020, Pocket Network has proved its highly stable and fast service while maintaining maximum uptime for dApps.

POCKET NETWORK SUPPORTED CHAINS

As Pocket Network focuses on building a decentralized Web3 infrastructure for all and resolving some of the above pain points, it in turn supports all varieties of blockchain projects. Pocket now supports dozens of blockchains, including Ethereum, Polygon, Harmony, BSC, Fantom, Avalanche, Solana, Near, and more, as well as thousands of dApps like Aave.

ABOUT Meter

Meter is the fastest, most decentralized, and most scalable Ethereum sidechain. Meter SDK is built on top of the state-of-the-art HotStuff consensus, scalable to thousands of consensus nodes while supporting thousands of transactions per chain.

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ABOUT Pocket Network

Pocket Network is the TCP/IP of Web3 node infrastructure – a multi-chain relay protocol that incentivizes RPC nodes to provide DApps and their users with unstoppable Web3 access

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Why ve (3,3)?

The primary rationale for evaluating a new design for Voltswap was to add more utility to the VOLT tokens and more engaged community governance.

ve (3,3) is a novel design that stood out for multiple reasons:

1. Value accrual for VOLT due to design focused on fees (the real yield for protocol owners) instead of TVL.
2. Community-driven incentive design based on the highly successful Curve model
3. Tested code base across multiple deployments and multiple networks (Some of the other deployments with the code base are Solidly – Fantom, Velodrome – Optimism, Dystopia – Polygon)
4. The ability of design to build an ecosystem around Voltswap – for e.g. yield optimizers

What is ve (3,3)?

The ve (3,3) is the model envisioned by Andre Cronje while developing Solidly DEX on Fantom. The idea was to drive the synergy between 2 earlier successful models – ve (vote escrowed) model by Curve and (3,3) by OHM while removing the shortcomings of both.

The ve model of curve aimed to incentivize the liquidity providers on a DEX while getting as many users involved as possible in the governance of the protocol. The model requires users to vote lock CRV and acquire veCRV.

The spirit of (3,3) – is simply “how can the community work together to maximize benefit”.

• Vesting (trading fees)
  VOLT can now be vested (locked as veNFT) to receive 100% of the trading fees from Voltswap. In the current deployment, all trading fees were received by Liquidity Providers (LPs). LPs also earned VOLT rewards from emissions. With ve(3,3), VOLT holders receive 100% trading fees for the pools they voted for in proportion to their vote. Whereas, LPs earn rewards based on the weekly VOLT emission directed to their pool by veVOLT holders.
  
• Boosting
  One of the main incentives for VOLT is the ability to boost your rewards on provided liquidity. Vote locking VOLT allows you to acquire voting power to participate in the VOTE and earn a boost of up to 2.5x on the liquidity you are providing on Voltswap. If the proportion of the users veVOLT in the Total Vote to direct emission to the pool is equal to their proportion of liquidity in the pool, the user could get the full boost.
• Voting
  Once VOLT holders vote-lock their veVOLT, they can start voting on the weekly emissions, governance proposals, and pool parameters. Every voting epoch lasts for one week, and users can vote at any time during the voting epoch. At the end of each epoch, rewards will begin to be distributed according to votes for one week.

With ve (3,3), the overall process is

1. Weekly emissions are set by the team through governance proposals.
2. VOLT holders vest the token over a chosen period (1 week to 4 years) to receive vote-escrowed VOLT (veVOLT). veVOLT received per VOLT depends on the duration of the vesting period. A longer vesting period means higher veVOLT per VOLT vested
3. veVOLT holders vote to direct the x% (90% to 100%) of VOLT emission to pools with the potential to earn the most fees
4. veVOLT vested receive (1-x)% VOLT emissions as supply expand through emission
5. veVOLT holders who vote on a particular gauge receive all protocol trading fees for that gauge, regardless they provide liquidity for the gauge. Thus the voters have an incentive to vote on the gauge that generates more fees.
6. Liquidity providers receive VOLT emissions directed to pools they deposit into

ve (3,3) deployment on Theta Network

Evaluating the available options, Meter Foundation suggests a new DEX deployment on Theta Network with its own incentive token.

The outline of the deployment suggested is below

1. Deploy ve (3,3) model on Meter Network with a window to;
   Enables users on Theta Network to move VOLT, TFUEL, and TDROP liquidity to Meter
2. Make ve (3,3) operational on Meter Mainnet
3. Extend current deployment incentives on Theta for another month until ve (3,3) deployment on Theta
4. Close Meter Passport Support for VOLT transfers between Meter and Theta
   All VOLT on Theta will be exchanged 1: 1.3 for the new DEX token
5. Deploy new ve (3,3) DEX on Theta
   Provide a window to enable users to remove liquidity from current deployment, add initial liquidity on ve (3,3), and exchange VOLT for new DEX Token
6. Add back VOLT exchanged to the supply available liquidity mining on Meter

Feel free to check and read the full details of the proposal here.

ABOUT Meter

Meter is a DeFi infrastructure with a built-in, crypto-native, metastable currency, MTR. It uses HotStuff-based PoS consensus with MTRG (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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ABOUT Theta Network

Theta Network is the next-generation media and entertainment-focused blockchain. Theta infrastructure enables existing video and media platforms to drive incremental revenues and reduce content delivery CDN costs while rewarding end-users for sharing their storage and/or bandwidth on any PC, mobile, Smart TV, or IoT device.

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The post Meter To Deploy VoltSwap On Theta appeared first on Smart Liquidity Research.

Meter is a high-performance blockchain infrastructure that scales and connects the financial internet. The Layer 1 blockchain powered by its HotStuff consensus engine positions Meter as one of the most decentralized and fastest Ethereum sidechain scaling solutions.

This partnership also opens up an avenue for Civilization to further collaborate with more projects on the Meter network. Both, upcoming and deployed projects, will be able to leverage Civilization solutions and its community to develop their farming and staking platforms and manage liquidity. Its solutions have the potential to help them realize their goals of enhancing liquidity and yield optimization experience.

Furthermore, as the adoption of Meter Network continues, the synergistic collaboration between Civilization and Meter will accelerate value creation for both ecosystems.

In addition, Meter currently supports around 1500tps per EVM chain. This limitation is from EVM itself instead of consensus. Meter scales horizontally by supporting parallel chains and multiple VMs.

100% FRONT RUNNING RESISTANT

Moreover, with the underlying high-performance infrastructure design, Meter charges a minimum gas price instead of ranking transactions by gas price. Transactions are ordered by the time the network receives them and will automatically expire if they are not processed in 720 seconds.

ABOUT Civilization Fund

Civilization is the world’s first Decentralized Investment Fund: owned and managed directly by its own users. Token $CIV is the Community Investment Vehicle. Its CivTrade reached a volume of $5 million in its first month, earning $1,718 extra per trade while saving -37.5% gas versus Uniswap. The ProView upgrade achieved functional equivalence with Binance, but fully DeX / DeFi.

Website | Twitter

ABOUT Meter

Meter is DeFi infrastructure with a built-in, crypto-native, metastable currency, MTR.
It uses HotStuff-based PoS consensus with MTRG (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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This partnership will bring further integrations with various dApp developers who are working under the Meter ecosystem.

Meter’s Unique Infrastructure

Meter is a high-performance layer 1 and layer 2 blockchain infrastructure that scales and connects the financial internet in a multi-chain future. Moreover, the protocol separates its built-in, crypto-native, metastable DeFi infrastructure from its governance infrastructure that uses the HotStuff-based proof of stake consensus with MTRG (Meter Governance Token) to manage the blockchain ledger.

Meter’s unique decentralized financial infrastructure is achieved through the combination of both a Proof-of-Work (PoW), via its stablecoin (MTR), and a proof of stake (PoS) governance, via its MTRG token.

Hybrid PoW/PoS Consensus

This hybrid PoW/PoS consensus that Meter describes as the Proof-of-Value (PoV) consensus, helps to alleviate the disadvantages of having a single consensus mechanism. This infrastructure clearly separates the consensus layer for bookkeeping and currency issuance.

Furthermore, the consensus of PoW is responsible for the issuance of currency through mining whilst the PoS consensus uses the HotStuff consensus protocol, a variant of the Byzantine Fault Tolerant consensus protocol, which allows the network to perform bookkeeping quickly.

In addition, Meter offers another unique feature in the stablecoin MTR, generated by PoW mining. The Meter system achieves this by primarily including the cost of electricity, the major cost for miners to validate the network, and anchoring the mining cost of the MTR stablecoin to the power consumption of mining one MTR.

This mechanism efficiently monetizes the economic behavior of miners seeking profit and stabilizes the market price of MTR as it reflects the continuously adjusting supply and demand relationship for the network.

Band Protocol is looking forward to collaborating with the many developers. Working under the Meter network. In order to enhance the developer’s experience, they also provide customization data feeds from a growing number of data sources, they are also ready to provide additional ticker requests that meet its security test in order to maintain its record of delivering reliable data to its partners.

ABOUT Meter

Meter.io is a highly decentralize Ethereum scaling solution with a built-in metastable gas currency. It connects to Ethereum and other blockchains as a layer-two protocol. It also allows smart contracts to scale and communicate seamlessly through heterogeneous blockchain networks.

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ABOUT Band Protocol

Band Protocol is a cross-chain data oracle platform with the aspiration to build high-quality suites of web3 development products. The flagship oracle solution aggregates and connects real-world data and APIs to smart contracts. It also enables smart contract applications such as DeFi, prediction markets, and games build on-chain. Without relying on the single point of failure of a centralized oracle. Band Protocol is backed by a strong network of stakeholders. It includes Sequoia Capital, one of the top venture capital firms in the world, and the leading cryptocurrency exchange, Binance.

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SOURCE

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