Meter Governance (MTRG) is a basic PoS asset for managing a hybrid PoW/PoS blockchain network. DeFi application developers can use the coin in two ways: as a layer 1 programmable infrastructure with MTR as a secure medium of exchange and as a sidechain to ensure scalability and interaction between crypto assets.

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Meter Governance

TLDR  Gas fees on Meter Network be reduced from current minimum of 500 GWEI to a minimum of 100 GWEI The gas reduction will follow a review period of 3 months to gauge the impact on transaction volume and GameFI, NFT adoption   Background Vitalik Buterin famously said in a 2017 interview – ‘Transactions on the internet should not cost more than 5 cents’  At Meter Foundation, while our core focus is on the growth and adoption of Meter Network as a public goods platform; we aim to abide by our fi...

MIP: Meter Network Base Gas Price Reduction

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GOVERNANCE PROPOSAL LIVE:  Meter Network Base Gas Price Reduction

Governance Snapshot: Link 

Proposal Duration: Proposal will be active for 2 days - Until June 5, 12:00 AM UTC

Forum Discussion: Link

With this proposal on base gas price reduction, we aim to promote two key metrics of Meter Network adoption – Transaction Volume and User base.

Proposal: We recommend that the gas fees on Meter Network be reduced from current minimum of 500 GWEI to a minimum of 100 GWEI.

Key Beneficiaries: End users driving the GameFI and NFT ecosystem on the Network.

Review Period: The gas reduction from minimum 500 GWEI to minimum 100 GWEI will follow a review period of 3 months to gauge the impact on transaction volume and GameFI, NFT adoption. Any further change will follow the governance process.

GOVERNANCE PROPOSAL LIVE: Meter Network Base Gas Price Reduction. Governance Snapshot: Link.