AMA Satoshi Club x Meter, February 24th

We are pleased to announce our next AMA on February 24th 2021 at 02:00 PM UTC Time: Satoshi Club x Meter

⚠️Click to see the hour
⚠️Total Reward pool: $500

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Meter Telegram group

We will have the following structure:

Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.

Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Meter Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about Meter

For more details:
Meter – @Meter_IO
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

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luca cominelliAgafon DombrowD.SandaruwanNadeeВячеслав | Satoshi Club|Bilanx chain|FACT Recent comment authors
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Marios
Guest
Marios

1)how did you come up with the name of the project
2)why is meter better than any other cryptocurrency
3)what are the pros and cons of meter take an example of a similar coin

Telegram Username
@mariosMK
Silvio Kolar
Guest
Silvio Kolar

Why is Meter better than other Stablecoins?

Telegram Username
Silvio K
Comfort
Guest
Comfort

Looking at the competition among other projects, how does meter intend to remain relevant in the space. CELO and XDAI projects appears to be similar to what METER offers. What difference does METER portrays that makes it distinct from other DeFi projects.

Telegram Username
@My1queen
Comfort
Guest
Comfort

Meter explorer was live recently with new features which helps to foster open staking. One of the features talks about “Detailed information on both the PoS and PoW chains”. How does this feature assist users and validators to effectively partake in open staking.

Telegram Username
@My1queen
Stephen
Guest
Stephen

Meter updated governance tokens talks about 37.5% (15M) MTRG tokens removed from future releases until new synthetic and derivative products are launched. Considering the volatility of gas token, what impact will the update have on distribution to the users and validators. Will there be increase in the initial reward once derivative products are launched?

Telegram Username
@stevefix56
KARLA HERRERA
Guest
KARLA HERRERA

Innovating is always a good strategy when you want to achieve more popularity, and you want to arouse the interest of the community so that they decide to invest in any project, in relation to this point, METER currently connects to ETH, but, is it in your plans to innovate in such a way that you can expand this option and allow the connection with the TRX network? If so, are you already working and strategizing to achieve this?

Telegram Username
@kherrera22
Marian
Guest
Marian

I read that Meter will have two tokens; $MRT and $MRTG. What are the differences between these two tokens, are they supposed to be use separated or together and why did you decide to create both at the same time? Why didn’t you just create one that could make fulfill all the needs you are trying to cover?

Telegram Username
@meml97
Marian
Guest
Marian

I read on your Twitter page that you said: “it will thrill you to know we are ecofriendly & do not expend as much electricity as #Bitcoin  or other PoW #cryptocurrencies”. How does this eco friendliness work that you don’t expend that amount of electricity? Will this ecofriendly system affect the miners work when it comes to efficacy and security?

Telegram Username
@meml97
OLIVER TORRES
Guest
OLIVER TORRES

1. What advantage does meter have compared to its competitors?
2. How does meter plan to be an Ethereum scaling solution?
3. At what point does MTR only need to grow and what benefit does this bring to the community?

Telegram Username
@otorres828
Marian
Guest
Marian

On your Twitter page, I came across this tweet where you said that your global currency system will be a game-changer, with a picture where you stated “Where we are going, we don’t need collateral”, so, could you please explain this a little bit better? What do you mean when you say you don’t need collateral, how do you achieve it and why will this be a game-changer?

Telegram Username
@meml97
Neil Zanni
Guest
Neil Zanni

On your page, you mention that the price of the MTR is anchored at the cost of 10 kWh and that it is separated from the price of the USD, my question is, at what value exactly would those 10 kWh be estimated, what currency or cryptocurrency would be used as a reference for determine exactly the value of 1 MTR?

Telegram Username
@NSZR1
Neil Zanni
Guest
Neil Zanni

Bearing in mind that MTR could be used to make everyday payments such as food or clothing, how do you plan to introduce this token to the commercial world so that it is adopted by as many businesses as possible? Taking into account that the concept of cryptocurrencies is often confusing for most everyday businesses.

Telegram Username
@NSZR1
Ross
Guest
Ross

How is the price of 10kWh of electricity calculated  in order to make its value constant, and why did you decide that exactly value and asset?

Telegram Username
@Rosane1a8
Ross
Guest
Ross

How can a token be supported by electricity? Where is the value of each token backed up and if it is not, what supports the value?

Telegram Username
@Rosane1a8
Ross
Guest
Ross

Meter is a single layer chain, most designs currently have 2 or more layers to increase security, is Meter as secure as them with a single layer design?

Telegram Username
@Rosane1a8
Ali José Mata Grimont
Guest
Ali José Mata Grimont

What does this currency offer in benefits compared to the others? What position in the current market do you plan to reach by the end of the year, and how do you plan to position yourself in it? Based on the previous question, knowing that bitcoin is about to end, what actions can this currency take in order to become number 1 in current and future market exchanges?

Telegram Username
@Ajmg_20
yasin babadag
Guest
yasin babadag

As far as I understand from the documents I have read, you are working to strengthen and grow the METER ecosystem. For this purpose, you will have more cross-chain partnerships and general marketing efforts to increase awareness. As a result of these studies, it is understood that there will be new partnerships and a growing ecosystem. Could you please share your new joint candidates with us? Also, what activities will your marketing efforts consist of? Where and how did you plan to market the Meter project?

Telegram Username
@MCBTrade
yasin babadag
Guest
yasin babadag

METER claims that it is unrivaled in its field thanks to its technological solutions. This situation can have both good and bad results. The concept of competition is a driving force in terms of projects. Are you worried about a complacency within the Meter team caused by unrivaled? Do you have the ability to create new sources of motivation to continue your technological development?

Telegram Username
@MCBTrade
Jesus Freites
Guest
Jesus Freites

Meter uses the HotStuff consensus protocol. What advantages has this model provided to the platform and the operations performed on it? How does HotStuff differ from other known protocols such as PoW, LPoS, DPoS and others?

Telegram Username
@JesusFre1tes
Jesus Freites
Guest
Jesus Freites

We are in the presence of the “BOOM” of layer 2 platforms in the DeFi and blockchain world. What are the features that make Meter stand out in this tide of layer 2 platforms and applications? What are the strategic advantages that this type of technology provides to the protocols you have developed within your project?

Telegram Username
@JesusFre1tes
Jesus Freites
Guest
Jesus Freites

Meter claims to be a scalability solution for Ethereum, this important quality is even more necessary today. What are the tools you have developed to make this solution tangible and efficient? What kind of technologies do you use to improve the operability of the ERC20 network?

Telegram Username
@JesusFre1tes
Luis Enrique
Guest
Luis Enrique

Meter handles the distribution of newly emitted $MTRG through an on-chain auction with $MTR, how frequently do the auctions take place throughout an entire month?

Telegram Username
@Luisz2210
Luis Enrique
Guest
Luis Enrique

Meter will soon launch NFTs in collaboration with SpaceSwap, what else is in it for Meter through this partnership?

Telegram Username
@Luisz2210
Kevin Salom
Guest
Kevin Salom

Meter has decided to employ a totally innovative consensus mechanism based on the Proof of Value (PoV) that claims to be a hybrid of PoW and PoS. Tell us about it… What does this new consensus mechanism solve? Why are you so sure that PoV is better than PoW and PoS? How does PoV solve the expensive of PoW and the insecure of PoS to fulfill your goal of being a DeFi Infrastructure with Uncensorable, Sound Money as you promise?

Telegram Username
@KevSalom
Luis Enrique
Guest
Luis Enrique

Meter’s economic and consensus design value is supported by the price of 10 kWh of electricity, why is this way more profitable and stable when purchasing power than any fiat currency?

Telegram Username
@Luisz2210
Kevin Salom
Guest
Kevin Salom

Meter is integrated by two tokens $MTR and $MTRG. Tell us about their functions and what we can do or not with them. As I understood the first one is necessary to obtain the second one, right? Explain us how it also works this dependency that there is of the one with the other. Finally I would like to know which is the token of interest for investors or Holders, which will be in charge of representing the value of Meter?

Telegram Username
@KevSalom
Giovanni rivas
Guest
Giovanni rivas

Will real inflation be much lower than that of a traditional PoS system?

Telegram Username
Giovanni alc
Kevin Salom
Guest
Kevin Salom

From what I could understand Meter was intended to be a DeFi infrastructure to interface with other public blockchains like ETH and run as a sidechain to allow for scaling interaction, correct? How do you accomplish this? Why do you say you offer the tools necessary to help Ethereum scale? What things does Meter offer Ethereum that they don’t currently have? Do you have the capability to do this with any blockchain?

Telegram Username
@KevSalom
Giovanni rivas
Guest
Giovanni rivas

Does it use its own currency as collateral?

Telegram Username
Giovanni alc
Giovanni rivas
Guest
Giovanni rivas

Is there possible additional functions for eMTRG in the future?

Telegram Username
Giovanni alc
Sir DeFi
Guest
Sir DeFi

Meter is a DeFi solution, which you say is fully equipped to be helpful for any kind of project. Specifically, what kinds of things can be done with Meter? Perhaps applications, protocols, DEX?… Will it also be designed to work with insurance, gaming and NFTs, what potential does Meter have?

Telegram Username
@sirdefi
Ariana
Guest
Ariana

In march you’ll be launching the Mether-Ethereum bridge, this bridge can connect to Ethereum and other blockchains like which ones? Is there a possibility to create an interoperability feature with the unmeasurable gas fees that exists in the current market? How are you going to achieve it using an ERC-20 token utility?

Telegram Username
@Arisabela
Ariana
Guest
Ariana

Miners and validators are an important part of the consensus mechanisms of your two tokens MTR and MTRG, It says in your papers that they collaborate to make the Meter system stable, secure, and scalable, are this actors rewarded on your economic model? How do you incentivize this people to keep apporting positive to your ecosystem?

Telegram Username
@Arisabela
Karoceh
Guest
Karoceh

Some stablecoins now prefer pegged to Gold rather than fiat. But Meter prefers Electricity over others. Why do you think Electricity is more valuable than gold?

Telegram Username
@Karoceh
Sir DeFi
Guest
Sir DeFi

I am very interested in $MTR, a metastable token that is created by proof of work. What is the difference between this “metastable” token and the famous stable tokens ($USDT, $USDC, $DAI)? Every day new stable tokens are released, why do you think this one can make a difference? What fantastic things can be done with $MTR?

Telegram Username
@sirdefi
Nardu Roma
Guest
Nardu Roma

It is extremely striking and impressive how METER fights against traditional devaluation protocols, by projecting that it maintains its value in the long term and provides protection and peace of mind when making transactions, how is this possible? What is the basis of its currency sustainability scheme?

Telegram Username
@Romadel33
Nardu Roma
Guest
Nardu Roma

With countless Defi applications, how can Meter provide a secure medium of exchange for these applications ? or with other blockchains ? and how do they ensure that the security protocols of other applications do not interfere with transactions ?

Telegram Username
@Romadel33
Nardu Roma
Guest
Nardu Roma

They have as main phrase that METER is better money, for this reason their token (MTR) is created through proof of work mining, could you explain to us, what is proof of work mining ? and what value would the token reach ? and through this modality can the token be regulated ?

Telegram Username
@Romadel33
Pei Er
Guest
Pei Er

In your roadmap ,I see that it is until May 2021 only which is to implement governance process. So can you explain more about what kind of governance to be implemented in Meter which is scheduled on May 2021? What are the next thing to do? What are the upcoming plans after May 2021 ? Thank you

Telegram Username
@yellowchamp
Pei Er
Guest
Pei Er

Meter processes thousands of transactions per second with HotStuff Consensus so transactions are confirmed almost instantly. So,can you explain how does HotStuff Consensus works in your platform? With this consensus,is there any risk we can expect from this? If their is strength with HotStuff Consensus, what weaknesses we can expect from it? Thank you

Telegram Username
@yellowchamp
Li Zam
Guest
Li Zam

Recently Meter partnered with Avalanche to develop the Avalanche-Ethereum Bridge. Can you tell us how this bridge works and what does it enable for Avalanche? Does the AEB perform similar to how the Meter-Ethereum Bridge will work?

Telegram Username
@lzamg
Li Zam
Guest
Li Zam

One of the terms MTR is defined with is low-volatility. Can you explain why is MTR low volatile and what are the mechanisms used to maintain the price stable since it is called the Metastable Coin?

Telegram Username
@lzamg
Li Zam
Guest
Li Zam

The MTRG token is acquired via on-chain auctions and it’s necessary to use MTR. Can you explain further about the whole process of those auctions? What is the step by step of the auctions? Is there a minimum of MTR we need to hold to participate on auctions?

Telegram Username
@lzamg
Humberto Antoni
Guest
Humberto Antoni

The early investors has an 8.75% of Meter tokens allocated with a 1.5 year semi-annual release, can you tell us how are beneficiated your early investors and if it is a chance to become one at this point of the project?

Telegram Username
@Antoni_azx
Humberto Antoni
Guest
Humberto Antoni

Exchangers and traders plays an important role on Meter ecosystem, however it is very important to list your utility token in major exchanges to give the scope needed to reach to everyone so it can be actively traded, how much portions of your reserves are destined to listing and which is more important for the trading feature? $MTR or $MTRG?

Telegram Username
@Antoni_azx
phongvu
Guest
phongvu

What do you think the role of community in Your ecosystem? What’s Your plans to keep build positive community and what do you expect support from cryptonation community?

Telegram Username
@phongthan
phongvu
Guest
phongvu

Will service providers be required to periodically submit service level reports? How are they guaranteed to be true reports and would it involve feedback or ratings from other users?

Telegram Username
@phongthan
phongvu
Guest
phongvu

How does the Your token work in Your ecosystem, and is there any benefit for investors to buy token in the long run?

Telegram Username
@phongthan
Jacob
Guest
Jacob

With all the partnerships and projects Meter Platform accomplished it’s interesting to see that it does not reflect or help raise $MTR volume in the market. What are your plans to try to gain more traction on $MTR’s volume and help increase the value? Is there any marketing program that you are cooking and will be launch soon?

Telegram Username
@AmirJosh
minhvu
Guest
minhvu

What do you think is holding the DeFi space back? What is preventing the mass adoption of DeFi products?

Telegram Username
@minhvuok

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