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Meter Governance MTRGMeter Governance MTRGby0x8cafd0397e1b09199A1B1239030Cc6b011AE696d0x8caf…696d

Use the transaction fees to repurchase and burn MTRG

Voting ended over 4 years agoSucceeded

With the Voltswap launch, there will be more and more transactions on the Meter network. Currently the transaction fee MTR is given to the validator node that produces the block. However in many POS network, the transaction fees go to the treasury and used to repurchase the token to create deflation for the staking token.
We propose to redirect the transaction fee to a foundation account and use the fee to repurchase and burn MTRG on monthly/quarterly basis. This will create long term support for MTRG

Off-Chain Vote

yes
480.94K 99.9%
no
415.86 0.1%
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Timeline

Sep 19, 2021Proposal created
Sep 19, 2021Proposal vote started
Sep 25, 2021Proposal vote ended
Oct 26, 2023Proposal updated