MTNToken
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December 06, 2017, 02:13:49 AM |
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My opinion is, you need to use the auction system, as it was in the Raiden Network. The current scheme can be used for fraud by various stakeholders. 1) A fraudster can register 1000 wallets and simultaneously send an aired at the right topic, choosing the right price for yourself. 2) Those people who buy in the beginning will suffer very much and will lose all their savings.
P.s. Very nice idea and very bad token-sale process atm in my opinion.
The way that descending price auctions work means that each purchaser has the opportunity to purchase at the price they see as fair, provided there are MTN available for purchase at that price. They will purchase and receive the MTN at the rate it was purchased. Purchasing with 1 or 1000 wallets would not change the price.
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rpgmasters
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t.me/CryptoPortfel > JOIN
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December 06, 2017, 09:30:16 AM |
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I know, but no one conducts an ICO on such a system, and in my experience of investing - this is a very bad system for organizing an ICO.
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MTNToken
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December 06, 2017, 03:10:12 PM |
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My opinion is, you need to use the auction system, as it was in the Raiden Network. The current scheme can be used for fraud by various stakeholders. 1) A fraudster can register 1000 wallets and simultaneously send an aired at the right topic, choosing the right price for yourself. 2) Those people who buy in the beginning will suffer very much and will lose all their savings.
P.s. Very nice idea and very bad token-sale process atm in my opinion.
Hello, Have you gotten any further info about the issues you noted with this auction process? I'm interested in this coin but I do not like the potential issue you noted. I noticed the OP did not respond in this thread after you brought up the potential fraud issue, very concerning as a potential buyer. The way that descending price auctions work means that each purchaser has the opportunity to purchase at the price they see as fair, provided there are MTN available for purchase at that price. They will purchase and receive the MTN at the rate it was purchased. Purchasing with 1 or 1000 wallets would not change the price.
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atchoum6760
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December 20, 2017, 08:09:06 AM |
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I think it's a good project but just i don't like this sytem to purchase by auction.Target date is February 5 we have the time to see.
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MTNToken
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December 21, 2017, 09:05:13 PM |
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I think it's a good project but just i don't like this sytem to purchase by auction.Target date is February 5 we have the time to see.
Yes, February 5th, 2018 at UTC is the target for the Initial Supply Auction Launch. We'll keep updating and posting content for the community here and on our other socials channels.
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MTNToken
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December 21, 2017, 09:12:58 PM |
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Enjorlas
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December 24, 2017, 09:24:29 AM |
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Hello, is there a bounty thread to participate to the marketing campaign ? I didn't find it, can you give me a link?
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TonyGaruda88
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December 24, 2017, 09:30:45 AM |
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I see the Metronome project is a pretty promising project. Using the auction method, of course, benefits investors. That means our profit can be unlimited. But of course there is little risk as well. According to no effort is not risky.
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liotmaan
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December 24, 2017, 09:36:49 AM |
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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.
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novy
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December 26, 2017, 03:58:08 PM |
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hello team, I looking for the metronomes's bounty campaign. Is it already launched or it's still in the process or it's not applicable for this project?
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MTNToken
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December 26, 2017, 10:44:55 PM |
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Hello, is there a bounty thread to participate to the marketing campaign ? I didn't find it, can you give me a link?
Hello, Currently there is no bounty program. We will update if one is established, but again, currently there is not one.
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MTNToken
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December 26, 2017, 10:54:53 PM |
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I see the Metronome project is a pretty promising project. Using the auction method, of course, benefits investors. That means our profit can be unlimited. But of course there is little risk as well. According to no effort is not risky.
Happy that you're excited. Thanks for contributing to the conversation.
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Goaliecoin
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December 27, 2017, 07:19:04 PM |
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The price for one MTN are 2 ETH at the beginning??
Is that right? Why so much?
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jgarzik (OP)
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Merit: 1099
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December 28, 2017, 04:25:41 PM |
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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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Jeff Garzik, Bloq CEO, former bitcoin core dev team; opinions are my own. Visit bloq.com / metronome.io Donations / tip jar: 1BrufViLKnSWtuWGkryPsKsxonV2NQ7Tcj
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jgarzik (OP)
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December 28, 2017, 04:27:30 PM Last edit: December 29, 2017, 11:17:45 PM by jgarzik |
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The price for one MTN are 2 ETH at the beginning??
Is that right? Why so much?
The Metronome Descending Price Auction starts at a high price, then counts down. It has to start at a high price. Read more at https://medium.com/@MetronomeToken/what-is-a-descending-price-auction-8c0770bb6a71tl;dr 2 ETH/token is the cap
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Jeff Garzik, Bloq CEO, former bitcoin core dev team; opinions are my own. Visit bloq.com / metronome.io Donations / tip jar: 1BrufViLKnSWtuWGkryPsKsxonV2NQ7Tcj
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atchoum6760
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January 03, 2018, 05:01:15 PM |
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For the first day of the auction I would just look at the result I think I have understand this decreasing bidding system, the price changes every minute if there are still some tokens left.
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Yurkov
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Pepemo.vip
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January 04, 2018, 10:29:37 AM |
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This is a project worth watching! With so strong team it must success! I have never seen a decreasing auction - For sure it will be an interesting experience. Consider creating a signature campaign please. 2 ETH per single token is definitely too much for me, so maybe for the support of project I will be able to collect a little..
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SheepSuit
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January 05, 2018, 05:48:28 PM |
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This is a project worth watching! With so strong team it must success! I have never seen a decreasing auction - For sure it will be an interesting experience. Consider creating a signature campaign please. 2 ETH per single token is definitely too much for me, so maybe for the support of project I will be able to collect a little.. The thing it is the starting price of the auction. So there is a chance if there are no buyers until 0.01 ETH, the price becomes .01 ETH, if I understand correctly?
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