Cliffs: Bloq
Creator Jeff Garzik
"Bitcoin-the-token will be the gas that powers a decentralized universe of chains." Garzik during an AMA.
Allows tokens to be used as a boxcar traveling from block chain network to other blockchain networks
Metronome is the cryptocurrency, the main auctions contract.
10,000,000 MTN
-self governance (100% on chain, decentralized, autonomous, auditable
-reliability
-portability (enables a migration path to future blockchains as ledger tech matures)
ICO
- Descending price auction
- 20% of coins retained by founders
Will they be able to get other coins on board?
-how deep are his connections to other founders (Bitcoin Core, Vitalik, etc)
How much more efficient is this than just trading on sites to acquire different cryptos?
Autonomous Converter Contract
The smart contract, allowing people to trade MTN with ETH or ETH to MTN
Autonomous Proceeds Provider: Metronome proceeds Contract and Autonomous Converter Contract
Daily Supply Lot: The descending price auction that adds newly minted MTN into the ecosystem daily
Proceeds contract: Accepts ETH from Metronome, forwards 0.25% of its balance to the Autonomous Converter Contract every 24 hours.
Bloq website bloq.com