Metronome is not a company, and does not have a CEO. Bloq, where I'm CEO & CTO, built Metronome core, and Bloq contributed the Metronome project & software to the open source community. |
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Looks like a cool project!
So we can easily run a full btc node using this?
Yes, definitely. And you can pay for it with BTC, if you like! |
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Today, we at Bloq, Inc. announced the general availability of [BloqCloud]( https://www.bloq.cloud/), as a platform for open network developers and teams who want to get on with building – without having to worry about the tedious effort required in simply maintaining the necessary infrastructure to build. The first supported networks will be: - Bitcoin, of course
- Bitcoin Cash
- Ethereum
- Ethereum Classic
The very first services will be:- Managed nodes on-demand (BloqCloud Nodes)
- API services, indexed blockchain data, and blockchain event monitoring (BloqCloud Connect; BTC and BCH to start, with more coming).
Most importantly, this platform is part of the crypto ecosystem: Payment via crypto (BTC, BCH, ETH) or fiat (Visa/Mastercard). Lightning Network and Metronome payments and more coming soon. Upcoming services will include capabilities for accessing distributed computing and storage, all within the BloqCloud console. The BloqCloud Connect service has a free tier (500 API requests per month, limited event/block/address monitoring). For $24/yr or $4/mo (“Starter”), you 10x the API requests and 4x the monitoring. BloqCloud accepts credit card and Bitcoin, with MET and Lightning soon. BloqCloud will continue add services and compatible chains going forward. The FutureBloqCloud is a necessary step, the plumbing of the plumbing, to get us to the blockchain-enabled future we envision. As this product grows along with its user base, we will continuously add services, compatible blockchains, and solutions. Get started: Site: https://bloq.cloud/ Signup: https://console.bloq.cloud/signup Pricing: https://bloq.cloud/pricing/ Docs: https://docs.bloq.cloud/ And the most important document, the 10-year Roadmap: https://sync.bloq.com/bloqcloud-our-platform-and-vision/ |
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Please, do we need to increase the standard gas limit to send ETH to your contract address in this ICO? myetherwallet and most others have standard limit of 21000, is this enough gas or does it need increasing?
It can help to increase the gas limit, yes. It is not required. |
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Updated OP to reflect MET ticker and live auction.
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So they will have an auction without hardcap? It shows how developers greedy and unproffesional. They must have hardcap with detailed business plan as any other ICO.
Hard cap: The auction has a hard cap. The auction starts at the hard cap and counts down. 8M MET * 2 ETH price is maximum. The roadmap is on the website. This is one of the more professional projects in the space. It is different from all other ICOs, so it takes some time to understand. |
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also, look at the pricing, and how many coins there are. also, although these 2,880 every day is one thing - the money for these goes guess where...yep, the metronome team. talk about a license to print money and devalue the existing one at the same time.
Incorrect. The money goes -- guess where -- to a smart contract that is not accessible by the Metronome team. That is why we call it an "un-ICO." No private sale + 100% of the money raised goes back to the Metronome community over time. |
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Metronome initial supply auction date set!
Save the date: June 18, 2018 at midnight UTC
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BTC has POW and all-world known but MTN has nothing behind it  Metronome is secured by the underlying blockchain. Therefore, it has POW (Eth, Eth Classic), DPOS (Qtum) and Bitcoin POW (Rootstock) behind it. |
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Very strange project... Founders wrote in WP that they will issue 2880 units every day, as I understood - but what if founders decide to issue at one day 2 million units? How this can be forbidden?
The smart contract will issue 2880 tokens every day, not the founders. No one - including founders - have control over issuing new tokens after Metronome is launched. This is important - once Metronome starts, no one controls Metronome. The economics are autonomous. It is called Metronome because "click click click" like a https://en.wikipedia.org/wiki/Metronome, a small amount of tokens are minted every day forever, and no one can change that. |
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Hello! Excited to hear about Metronome spreading to Turkish peoples  |
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When auction start how will pay if we purchase metronome token ? Immediately or ? And only from wallet we can pay ?
And where will receive the coins ? And when ?
You pay smart contract with ETH or DBTC, and receive MTN tokens immediately. This requires a wallet software capable of ERC20 and ETH, and some ETH or DBTC. |
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This is such a useless token.
Atomic Swaps negate all of this and removes the need of a third party such as MTN which is nothing more than an advanced tracker across multiple blockchains negating privacy.
It sounds like there is misunderstanding of Metronome here. Metronome is the opposite of a swap: There is no asset exchange, thus no exchange rate difference, thus no exchange rate risk or volatility risk. If you swap BTC/ETH, then you risk BTC price changing or ETH price changing. Volatility risk + exchange rate risk. With Metronome, the MTN asset moves to a new blockchain, but keeps the same asset (and same asset price). Analogy: A1) Metronome is like a gold bar. Moving Metronome from blockchain ETH to blockchain ETC is like moving a gold bar from one warehouse to another warehouse. It's still gold, just different warehouse. A2) A swap is like exchanging a gold bar for a silver bar, with guards watching the exchange to be sure it is safe and honest. Swaps are very different from what Metronome does. |
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Aloha Jeff,
Can you clarify please. Sales proceeds go into the "Proceeds Contract". Of those, 0.25% goes from the Proceeds Contract to the Converter Contract. It appears to me that the Proceeds Contract should be accumulating over time. What happens to the ETH/ETH/QTUM/RSK that is held in the Proceeds Contract? Do they always remain their forever? Do the get burned? Distributed?
For the ethereum chain, Every day, 0.25% of the total current ETH balance inside the Proceeds Contract is sent to the Changer, ad infinitum. If the ETH balance is large, 0.25% of a large balance is moved to the Changer. If the ETH balance is small, 0.25% of a small balance is moved. This process is repeated on every chain (ETC, RSK, QTUM) in parallel, by a parallel set of contracts running on the ETC/RSK/QTUM chains. The Proceeds contract on the ETC chains holds an ETC balance, and sends ETC from Proceeds to ETC/MTN Changer. The Proceeds contract on the QTUM chains holds a QTUM balance, and sends QTUM from Proceeds to QTUM/MTN Changer. So, 100% of proceeds accumulates in each Proceeds contract, and a small percentage of that new total is moved daily to each Changer contract. |
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This link includes false statements and analysis. Metronome returns 100% of the invested crypto (ETH etc.) back to the community. You put 100, you get a value of 80. But don´t take my word for it. Go ahead. Wrong. You and the author are confusing tokens and proceeds. 80% of MTN tokens go to community, 20% of MTN tokens go to founders. 100% of the ETH in the Metronome raise goes to the community. Read the announcement and Owner's Manual: https://bitcointalk.org/index.php?topic=2450739.0 |
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How will BTC, ETC, or QTUM investments work with the changer contract? Will they be converted to eth after the raise?
Metronome will be deployed to EVM-compatible blockchains. Thus, Metronome on ETH will have ETH/MTN changer, and users participate in the auctions by sending ETH. The Proceeds contract stores ETH. Metronome on ETC will have ETC/MTN changer, and users participate in the auctions by sending ETC. The Proceeds contract stores ETC. RSK, presumably pegged to BTC, would be a way to send "BTC" to Metronome, and the Proceeds contract collects RSK (BTC). So, no conversion. The blockchain native currency is the one used in the auctions for a given chain. |
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This link includes false statements and analysis. Metronome returns 100% of the invested crypto (ETH etc.) back to the community. |
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The way the auction is setup, seems to encourage people to wait for others to go first to reduce the price. Do you have some further reading on the psychology that makes this an effective way to have an auction?
It is an update on the recently used Dutch auctions, where the closing price is applied to everybody in the Dutch auction, and settlement occurs after auction closes. Those auctions price below market, because there are some in a Dutch auction that would have paid more, if given the chance. Metronome's descending price auction is instantly settled, giving everybody access to each price band, to buy (or not) as their market theory and needs dictate. There is the incentive for an auction participant to wait and buy at a lower price, but a counter-incentive to ensure that you receive some tokens versus fewer/none. |
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