Meter Stable
Crypto Overview
Overview
Meter Stable (MTR) is a decentralized stablecoin infrastructure project that aims to create a stable, low-volatility cryptocurrency by implementing an elastic supply mechanism. The project utilizes a dual-token system with MTR as the stable token and MTRG as the governance token.
Purpose and Utility
The primary purpose of MTR is to serve as a stable cryptocurrency for decentralized finance (DeFi) applications. It uses a novel mechanism where mining difficulty adjusts based on price, attempting to maintain stability around $1.00. The system is designed to be fully decentralized without relying on collateral.
Business Model Evaluation
The business model appears transparent and does not directly involve prohibited activities like gambling or interest-based lending. The stability mechanism is based on algorithmic adjustments rather than interest-bearing instruments.
Real-World Adoption
Meter Stable has seen integration with various DeFi protocols and blockchain networks, including Ethereum and Binance Smart Chain. The project maintains active development and regular updates to its infrastructure.
Ecosystem Analysis
The project demonstrates ongoing development activity, with regular github commits and protocol improvements. The team maintains transparency about technical developments and ecosystem partnerships.
Token Distribution
Token distribution appears reasonable with no concerning concentration among founders or early investors. Vesting schedules are in place for team allocations, suggesting a long-term commitment to the project.
Crypto Impact
To assign a comfort level investing in Meter Stable from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Meter Stable.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.