• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Meter Network Token Burn Impact

user avatar

by Giorgi Kostiuk

2 years ago


The Meter network, a high-performance, single-state, EVM-compatible blockchain based in Palo Alto, California, recently unveiled a major initiative – a token burn of 30 million $MTRG tokens. This significant move, sanctioned by the Meter community via a transparent governance process, is designed to fortify the long-term value and stability of the Meter ecosystem.

Scheduled for June 17, the token burn will slash the fully diluted valuation (FDV) of $MTRG by approximately 40%, effectively boosting the market cap-to-FDV ratio to over 75%. Notably, this burn will target unreleased tokens, ensuring that it won't impact the circulating supply or the token price.

Xiaohan Zhu, the Co-Founder of Meter, highlighted the commitment to the Meter ecosystem and community through this token burn. Zhu emphasized that reducing the total supply of $MTRG will establish a more resilient and valuable network for all ecosystem participants.

This strategic decision came about after extensive discussions in forums and a subsequent vote by community members and token-holders. It underscores the Meter Foundation's unwavering dedication to transparent governance and active community participation.

Following the token burn, the total supply of the Meter Network's native token will be aligned with the current circulating supply of 40 million. There are no plans for further token releases, except for emissions to incentivize network security and foster decentralization.

In contrast to the criticism faced by projects with low float and high FDV models in the crypto community, Meter's token burn could potentially make the ecosystem more appealing to a broader array of investors by promoting increased market stability.

About Meter Network

Meter operates as an open-source platform that prioritizes Freedom and Fairness as fundamental principles. The platform is highly decentralized, resistant to censorship and MEV, and boasts fast transaction speeds. Its native metastable coin embodies Satoshi's vision of a stable currency independent of traditional fiat systems. Projects on Meter's high-performance blockchain span exchanges, wallets, bridges, oracles, games, and various decentralized applications and services.

Contact:

  • Alo
  • info@meter.io

Disclaimer: This is a paid press release. CoinMarketCap does not recommend investing in any cryptocurrency without conducting thorough research and seeking financial advice.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Blockchain Startups Plan Significant Growth in 2026

chest

A recent survey indicates that 84% of blockchain startups intend to increase their workforce, focusing on Product Engineering and Business Development roles.

user avatarMaya Lundqvist

Betterment: Your Go-To for Fixed Income Portfolios

chest

Betterment specializes in fixed income portfolios, offering options like the BlackRock Target Income portfolio focused on 100% bond allocations to protect capital and maximize interest income for conservative investors.

user avatarBayarjavkhlan Ganbaatar

Schwab Intelligent Portfolios: A No-Fee Option for Income Investors

chest

Schwab Intelligent Portfolios offers tailored income-focused portfolios with zero advisory fees, appealing to passive income investors.

user avatarLi Weicheng

Wealthfront Excels in Tax Optimization for Passive Income Investors

chest

Wealthfront is recognized as a leader in tax optimization strategies for passive income investors, enhancing net after-tax income through automated daily Tax-Loss Harvesting.

user avatarLeo van der Veen

Discover the Best RoboAdvisors for Passive Income in 2025

chest

A report analyzes the best roboadvisors for investors focused on generating passive income through dividends and interest.

user avatarAisha Farooq

Bitcoin Undervalued According to Network Value to Transaction Ratio

chest

Bitcoin's network value to transaction (NVT) ratio indicates that it is currently undervalued, suggesting a potential market transition.

user avatarMohamed Farouk

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.