MeterStable Price

MeterStable is a low-volatility cryptocurrency that operates on the Meter blockchain system. It is mined using SHA256 algorithm, similar to Bitcoin. Key features of MTR include: 1. Energy-efficient mining: One MTR token can be generated using the same amount of electricity (about 10 kWh) as mainstream Bitcoin miners. 2. Utility: MTR is used to pay for all transaction fees and gas costs within the Meter ecosystem. 3. Governance potential: In the future, MTR holders may be able to exchange their tokens for MTRG, Meter's governance token, through on-chain bidding. 4. No pre-mine: MTR had no pre-mined tokens, ensuring a fair distribution. 5. Unlimited supply: There is no maximum cap on the total supply of MTR. 6. Market-driven production: Miners only produce MTR when it's more profitable compared to mining Bitcoin. As of 2026-02-02, MTR is ranked #4455 with a price of $0.3396. It has seen a -0.2% change in the last 24 hours. The current circulating supply is 391.72K MTR MTR, with a market cap of $133.02K. The all-time high was $32.69 on April 11, 2021, while the all-time low was $0.1815 on February 3, 2025.

MeterStable was created in February 2018. It was launched as a low-volatility token generated through SHA256 mining in the Meter system. The project aimed to create a stable cryptocurrency that could be mined using Bitcoin mining hardware, with one MTR token produced for every 10 kWh of electricity consumed on average by mainstream Bitcoin miners. MeterStable serves as the gas token for transactions and fees within the Meter ecosystem, and can potentially be exchanged for the governance token MTRG through on-chain bidding in the future. Unlike many cryptocurrencies, MeterStable had no pre-mine and has an unlimited total supply, with miners only producing new tokens when it is profitable compared to mining Bitcoin.

The founders of MeterStable are Xiaohan Zhu and Zhong Chen. They established the project in 2018 with the goal of creating a more stable and efficient cryptocurrency. Xiaohan Zhu serves as the CEO, bringing extensive experience in blockchain technology and distributed systems. Zhong Chen is the CTO, with a strong background in cryptography and software engineering. Together, they developed MeterStable's unique consensus mechanism that combines Proof-of-Work mining with elements of Proof-of-Stake to achieve greater stability. The founders' vision was to create a cryptocurrency that could serve as both a store of value and a medium of exchange, addressing some of the volatility issues common in other digital assets. Since launching MeterStable in 2018, Zhu and Chen have continued to lead its development and adoption in the crypto ecosystem.

MeterStable works as a low-volatility token within the Meter ecosystem. Here's how it operates: 1. Mining: MTR is generated through SHA256 mining, similar to Bitcoin. On average, 10 kWh of electricity produces one MTR token. 2. Utility: MTR is used to pay for all transaction fees and gas costs within the Meter system. 3. Governance: In the future, MTR holders can participate in on-chain bidding to exchange it for Meter's governance token, MTRG. 4. Supply: There's no pre-mine and no maximum supply limit for MTR. The current circulating supply is 391.72K MTR tokens. 5. Market-driven production: Miners only produce MTR when it's more profitable compared to mining Bitcoin. 6. Price stability: MTR is designed to have low price volatility, currently trading at $0.3396. 7. Interoperability: MTR facilitates cross-chain transactions within the Meter ecosystem, enhancing blockchain interoperability. The MeterStable system aims to provide a stable, energy-efficient cryptocurrency that complements existing blockchain networks while offering unique utility within its ecosystem.

MeterStable utilizes a hybrid Proof-of-Work (PoW) and Proof-of-Stake (PoS) consensus mechanism. The PoW component uses the SHA-256 algorithm, allowing Bitcoin mining hardware to be repurposed for MTR mining. This creates a low-volatility token backed by electricity costs. The PoS layer enables fast transaction finality and supports smart contracts. MeterStable employs a unique 'HotStuff' consensus algorithm for its PoS chain, allowing for quick block confirmations. The dual-chain architecture consists of: 1. PoW chain: Mines MTR tokens using SHA-256, similar to Bitcoin 2. PoS chain: Handles transactions and smart contracts MTR tokens are used to pay for transaction fees and gas costs within the MeterStable ecosystem. The system is designed to maintain MTR's value close to the cost of producing 10 kWh of electricity. There is no maximum supply cap for MTR. New tokens are minted through mining when profitable compared to Bitcoin. This flexible supply mechanism aims to create a stable store of value backed by energy costs. The MeterStable network also supports interoperability with other blockchains through its built-in bridge infrastructure, allowing for seamless asset transfers across different networks.

The future and roadmap of MeterStable (MTR) look promising. As a low-volatility token in the Meter ecosystem, MTR plays a crucial role in transaction fees and gas payments. Key points in its roadmap include: 1. Continued focus on stability and utility within the Meter network 2. Expansion of use cases, particularly in DeFi and interoperability sectors 3. Potential integration with more platforms to increase adoption 4. Ongoing development of the on-chain bidding mechanism to exchange MTR for MTRG (Meter's governance token) 5. Improvements in mining efficiency and sustainability While MTR's price has seen fluctuations, from a low of $0.1815 to a high of $32.69, its unique position as a mineable stablecoin offers long-term potential. By 2031, we may see MTR reaching $0.6369 as its utility and adoption grow. The project's commitment to innovation in blockchain interoperability and DeFi solutions could drive significant value by 2036, potentially pushing MTR to --. Remember, MTR's supply is not capped, allowing for organic growth based on demand and mining profitability compared to Bitcoin. This flexibility, combined with its role in the Meter ecosystem, positions MTR for steady development and increased usage in the coming years.