The Meter Governance token (MTRG) community sale is now live, the Initial Exchange Offering (IEO) with Gate.io will take place on Wednesday, July 15, 2020, and we will hold another public sale in Korea

Hello Meterians!

It’s been an amazing journey building Meter with you so far. 

So we’re excited to announce some big news - we are running a community token sale now, partnering with Gate.io to conduct an IEO, and holding an additional sale with Cobak for the Meter Governance token (MTRG)! 

Here are your first chances to purchase MTRG and help maintain, govern, and grow the Meter network.

Community Sale Details

The MTRG community sale is now live and will end on July 14, 2020 at 12:00 PT / 19:00 UTC.

If you’re interested in participating, you will need to go through a Know-Your-Customer (KYC) process. Please fill out this form with your information. 

MTRG will be the same price in this token sale as in the IEO (see IEO details below), but have lockup restrictions.

You’ll be able to release 10% of your tokens after 1 month, another 40% after 3 months, and the remaining 50% after 6 months after Gate.io’s listing date of July 16. Meter’s mainnet will allow for open staking in 2 to 3 months from today, so you’ll be able to use the last 50% of your tokens for staking, even if they are locked. 

The proceeds from this token sale will be used to support the Foundation’s operations.

Please fill out this form if you’re interested in participating in the community token sale. 

IEO Details

The IEO will take place on Wednesday, July 15, 2020 between 4:00 and 6:00 UTC.

In order to participate, you will need to have an account on Gate.io and own some Gate Platform Tokens (GT). You can read all the details about how to participate here.

Here are key details of the IEO:

  1. Duration: July 15, 2020, 4:00 - 6:00 UTC
  2. Token Name: MTRG; MTR
  3. Total Supply: 40 million MTRG 
  4. Initial Circulating Supply: 2.1 million MTRG (5.25%)
  5. Startup Total Supply: 1.2 million MTRG (3%)
  6. Token Price for Startup Sale: 1 MTRG = 0.5 USDT; 1 MTR = 1 USDT
  7. Startup Goal: 600,000 USDT
  8. Accepted currencies: Gate Token (GT)

Also, citizens who live in these countries cannot take part in the IEO: Afghanistan, Albania, Belarus, Bosnia and Herzegovina, Burundi, Burma, Canada, China, Democratic Republic of Congo, Cuba, Ethiopia, Guinea-Bissau, Guinea, Iran, Iraq, Japan, Liberia, Lebanon, Libya, Macedonia, Malaysia, New Zealand, Serbia, Sri Lanka, Sudan, Somalia, Syria, Thailand, Trinidad and Tobago, Tunisia, Uganda, Ukraine, United States of America, Venezuela, Yemen, Zimbabwe.

For users from other countries, please check and make sure your participation in token sales complies with local laws and regulations.

Click here to read everything you need to know.

Public Sale on Cobak in Korea

The public token sale in Korea will take place on the Cobak ICO platform and start on July 15, 2020 at 05:00 UTC / 14:00 Korea time. Click here for everything you need to know about the sale.

Conclusion

We’re super excited to start our token sales, and we hope that you can participate! 

We thank you so much and hope that you’ll continue to support us as we build the future of money. 

We hope you liked this article! If you did, please share it with the share buttons on your left so others can discover it. 

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