[ANN] Metronome, an autonomous cryptocurrency with predictable supply

[MTNToken]

Metronome Update: Target launch adjusted to late February/Early March. Reach the full Final Launch Features and Auction Date post and update here:

https://medium.com/@MetronomeToken/metronome-update-final-launch-features-and-auction-date-fff6039ebd95

[justdox]

Auction descending is an unusual idea, but is it necessary? I read the article: https://medium.com/@MetronomeToken/what-is-a-descending-price-auction-8c0770bb6a71. With whales, there are no other ways to fight? Why did you choose this method? You can, for example, put a limit on the amount that can be purchased. I do not quite imagine how things will turn out in practice, how long it will last and to what price we reach, it only remains to observe the fact. I will be glad to hear a qualified answer.

[MTNToken]

Auction descending is an unusual idea, but is it necessary? I read the article: https://medium.com/@MetronomeToken/what-is-a-descending-price-auction-8c0770bb6a71. With whales, there are no other ways to fight? Why did you choose this method? You can, for example, put a limit on the amount that can be purchased. I do not quite imagine how things will turn out in practice, how long it will last and to what price we reach, it only remains to observe the fact. I will be glad to hear a qualified answer.

Hello,

Thanks for the question. You can read about the motivations for the descending price auction (among other things) in the "motivations" section of the Owner's Manual. I'll link it for you here: https://metronome.io/pdf/owners_manual.pdf

Thanks!

[Konos]

Really looking forward to the auction. I'm curious about what the average price might be in the end.

[MTNToken]

Really looking forward to the auction. I'm curious about what the average price might be in the end.

Happy to hear you're excited. We'll keep everyone updated with the timeline!

[pangu]

really like the concept of metronome, don't like the descending price auctions so much, but let's see, count my in..

[Nod Obelisk]

Really looking forward to the auction. I'm curious about what the average price might be in the end.

Happy to hear you're excited. We'll keep everyone updated with the timeline!

Do you envision MTN be tradeable directly to fiat on exchanges or one will always have to trade it a native cryptocurrency that MTN interacts with? For instance, if I want to exchange MTN unit traded on BTC blockchain into fiat, I will always have to exchange MTN into BTC and then BTC into fiat. Correct?

[eolitic]

this project is really promising)) is there a bounty to take part in?

[MTNToken]

this project is really promising)) is there a bounty to take part in?

Hello, there is no bounty program. Happy to hear you find Metronome promising!

[ledybitcoin]

very interesting proecut. I want to understand how and where it will be possible to get tokens, how will ico go?

[dogebearman]

very interesting proecut. I want to understand how and where it will be possible to get tokens, how will ico go?

Read up how a descending price auction works. This is how you will be able to buy.

[MTNToken]

very interesting proecut. I want to understand how and where it will be possible to get tokens, how will ico go?

We'll release more detailed instructions about participation in the target late early March 2018 auction closer to it (including gas and contract address), but at a high level the process will look like this: a purchaser deems a given price fair, then sends ETH from an ERC20 compatible wallet to the Metronome auction contract at that time. They will then receive their Metronome almost immediately after the purchase.

All auctions are on-chain, but there will be a dashboard with live auction metrics on metronome.io

No need to whitelist or register.

All auction opportunities are available to the public. Thanks!

[zerkalisz]

How Metronome Solves the Issues of Other Cryptocurrencies - CEO Jeff Garzik
https://www.youtube.com/watch?v=plPFbp0xZg4

[MTNToken]

How Metronome Solves the Issues of Other Cryptocurrencies - CEO Jeff Garzik
https://www.youtube.com/watch?v=plPFbp0xZg4

Thanks for sharing this! You can see the full interview here: https://www.youtube.com/watch?v=es1G7cq8fvk&t=59s

[magisterr]

I cant understand nothing... They have auction for selling own tokens instead ICO? Or their idea to create auction as their product?

[MTNToken]

I cant understand nothing... They have auction for selling own tokens instead ICO? Or their idea to create auction as their product?

So the Initial Supply Auction and Daily Supply Lots are conducted autonomously by the smart contracts and this is how Metronome enters the ecosystem.

Metronome is a cryptocurrency, and its auction attempts to distribute at market price, at the price purchasers deem fair.

[starsoul]

Please advise as to what quantity can be expected per release of each daily supply limit of MTN upon commencement of the descending auction? Presumably, of the entire amount of MTN offered for auction, certain amounts are going to be released in a staggered quantity per day (daily supply limit) until this has all been sold? Also, will there be an individual cap limit ie. as to how much an individual can acquire of the daily supply limit of MTN? Thank you in advance.

[erikstarfish]

Looks like a great project with a big user-base! Whitepaper is also very well-detailed. Good job, guys!

[falconpunch]

So MTN is being built on eth classic?

[falconpunch]

So MTN is being built on eth classic?

nvm, took 2 seconds to read website