MIP 2: Introduce MTRG Burn with Network Transaction Fees


Dear Community,

This proposal aims to utilize the network transaction fees to buy and burn MTRG.


As per the current network design, the MTR transaction fees are distributed to the Validators on the Meter Network who produces the block. With the Voltswap launch, there will be more and more transactions on the Meter network. However in many POS networks, the transaction fees go to the treasury and used to repurchase the token to create deflation for the staking token.

Proposal Details

We propose to redirect the transaction fee to a foundation account and use the fee to repurchase and burn MTRG on monthly/quarterly basis.


MTRG will be deflationary token as network activity increases creating a long term support for MTRG.

This topic is recreated. Original creation date was September, 2021. The corresponding governance proposal can be found here - Snapshot