Mero Currency (MRO) is a community driven decentralized and deflationary crypto-token, operating on the Ethereum blockchain (ERC-20 standard token) which can be used as a currency, a store of value or an investment – or all three, thereof. The most salient feature of Mero Currency (MRO) is its optimum burn rate of 0.001%, after every transaction on the actual blockchain (centralized exchanges are exempt from this criteria, since they run a snapshot of the blockchain, instead of accessing it in real-time). The feature is hard coded into the contract, can’t therefore be modified and automatically sends tokens out of circulation and thus existence, persistently increasing the value of the token caused by the continuous reduction in supply.
The token runs on the extremely secure state-of-the-art Ethereum blockchain, which is an established leader in the stable assets and has never been compromised, being protected by millions of computers and other computing assets, around the world. Mero Currency (MRO) has a total supply of 21,000,000 (21 million) and is divisible up to 18 zeroes after decimal point (18 decimal), ensuring great stability and long term use of the asset.
Mero Currency (MRO) has an open source and verifiable code. The transfer fee is low and transfer confirmations happen in less than a minute. The token is compatible with all online and offline wallets, supporting ERC-20 tokens, however it is specifically integrated with Coinomi wallet. The token is tradable in multiple centralized and decentralized exchanges. The majority of the token would be put into circulation by airdrops and exchange sell orders, under specific conditions.mro-whitepaper-new