Meter, a high-performance blockchain, has revealed plans for a major token burn of 30 million $MTRG tokens, approved through transparent governance processes.

Scheduled for June 17, the burn aims to bolster the long-term value and stability of the Meter ecosystem.

Despite reducing the fully diluted valuation (FDV) by 40%, the circulating supply and token price will remain unaffected as the burn will target unreleased tokens.

This decision emphasises Meter's commitment to community engagement and transparent governance practices.