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 Gas Reduction

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NEW GOVERNANCE PROPOSAL DISCUSSION LIVE

Forum Discussion:  MIP: Meter Network Gas Reduction 

This improvement proposal on gas monetization aims to  reduce gas costs on Meter Network to propel broader adoption of the network – especially the GameFI and NFT ecosystem.

The Proposal: The proposal states reduction in gas fees on Meter Network from current minimum of 500 GWEI to a minimum of 100 GWEI.

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.

Key Beneficiaries: GameFI, NFT ecosystem – Developers and Users

Network Analysis: The reduction in gas price will make Meter Network 0.4x cheap than Polygon (at average Gas over last year of 193 GWEI) and 0.03x as cheap than gas costs on BSC (at average Gas over last year of 7 GWEI)

Forum Discussion Timeline: 26 May 2023 to 2 June 2023 (7 Days)

Governance Proposal Creation: 2 June 2023 after incorporating feedback from the forum discussion.

NEW GOVERNANCE PROPOSAL DISCUSSION LIVE. Forum Discussion: MIP: Meter Network Gas Reduction.