[ANN] Metronome, an autonomous cryptocurrency with predictable supply

[MTNToken]

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.

So the Metronome Owner's Manual (as well as other documentation) actually covers supply. There will be 10 million on day zero. 8 Million are available for purchase during the initial supply auction. Once the initial supply auction ends, the daily supply lots begin, these mint at the rate which is greater i) 2880 Metronome daily or ii) 2% of the then-outstanding supply annually, ad infinitum.

There is no maximum or minimum purchase outside of gas requirements for a successful transaction.

Metronome authors do not take proceeds from any of the auctions. Those stay in the ecosystem to provide long-term support for the community (you can read about that more here: https://medium.com/@MetronomeToken/on-metronome-author-retention-and-contract-behavior-73dad8f16494 and here: https://medium.com/@MetronomeToken/proceeds-for-the-community-not-the-authors-d41874d4d41f)

Thanks!

[MTNToken]

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

Happy to hear you're excited and that you found our content to be helplful. Hope you're doing well!

[MTNToken]

So MTN is being built on eth classic?

nvm, took 2 seconds to read website

Happy to hear you found your answer!

[kevinattipoe]

Metronome MTN Honest review
Link: https://www.youtube.com/watch?v=pI8SRZvo48E

[Tonisim]

Metronome – Of Bitcoin Satellites and Built-to-Last Chain-Hopping Tokens

We’re joined by Jeff Garzik, who was among the very first developers to work with Satoshi in the early days of Bitcoin. Later, he was a core developer at Bitpay and even tried to put a Bitcoin node on a satellite in space. Today, he is co-founder at Bloq, a company providing enterprise-grade blockchain infrastructure. Bloq recently announced a new project called Metronome that challenges some of the design and governance principles of many public blockchain networks.

Metronome is cryptocurrency that sits on top of existing blockchains and aims to allow tokens to easily move from one network to the other. A series of standard blockchain contracts allow for daily descending price auctions to occur automatically, and for users to buy and sell the tokens using a Bancor-like system with built-in liquidity.

https://epicenter.tv/episode/224/

[erikstarfish]

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

Happy to hear you're excited and that you found our content to be helplful. Hope you're doing well!

I saw CryptoRated's review here: https://cryptorated.com/ico-rating/metronome/

[yyz13857180757]

The purpose of Metronome is to solve the problems that have plagued the money market, including price fluctuations, the lack of portability in the block chain, and the slow transaction speed.

[wgq1981]

Metronome this is a very interesting project. The white paper outlines the strategy of building an encrypted currency around the core principles of autonomy, reliability and portability.

[Crytocoin]

ICO is one of the projects I want to invest in being so complicated and risky. It seems a little risky to me.

[yeyicheng888]

It is noteworthy that the supply way of Metronome token is not fixed, which initially supplied 10 million, and 80% is reverse auctions, coupled with possible inflation.

[MTNToken]

Metronome MTN Honest review
Link: https://www.youtube.com/watch?v=pI8SRZvo48E

Thanks for sharing this here!

[MTNToken]

Metronome – Of Bitcoin Satellites and Built-to-Last Chain-Hopping Tokens

We’re joined by Jeff Garzik, who was among the very first developers to work with Satoshi in the early days of Bitcoin. Later, he was a core developer at Bitpay and even tried to put a Bitcoin node on a satellite in space. Today, he is co-founder at Bloq, a company providing enterprise-grade blockchain infrastructure. Bloq recently announced a new project called Metronome that challenges some of the design and governance principles of many public blockchain networks.

Metronome is cryptocurrency that sits on top of existing blockchains and aims to allow tokens to easily move from one network to the other. A series of standard blockchain contracts allow for daily descending price auctions to occur automatically, and for users to buy and sell the tokens using a Bancor-like system with built-in liquidity.

https://epicenter.tv/episode/224/

An excellent interview, thanks for sharing this here!

[MTNToken]

Metronome this is a very interesting project. The white paper outlines the strategy of building an encrypted currency around the core principles of autonomy, reliability and portability.

Happy to hear that you're interested and you found the Owner's Manual useful and informative!

Hope you're doing well today.

[MTNToken]

It is noteworthy that the supply way of Metronome token is not fixed, which initially supplied 10 million, and 80% is reverse auctions, coupled with possible inflation.

Correct, the mintage is ongoing. The motivations for this are outlined in the "motivations" section of the Owner's Manual, but I'll post a little bit of it here for you too.

"An on-going token supply mintage is theorized to provide sustainability versus other cryptocurrencies whose mintage either is or goes to zero., The Metronome team expects that this will also encourage Metronome owners to use the many payment features of Metronome. Utilizing those use cases, actually using it as a currency, may help solidify its endurance. The Metronome team also believes that an ongoing mintage also dilutes any potential disproportionate amounts purchased at a given time. Through Metronome, the team believes it is  engineering something that is built-to-last. Longevity is Metronome’s main goal."

Thanks!

[rDieminger]

>>if you need SPANISH  Translation Whitepaper+ANN+Bounty Thread+Website


PM me. Thank you!

BitcoinTalk Name: rDieminger
BitcoinTalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1122251
Language: Spanish
Telegram: @MindoftheSouth

PortFolio:

Bounty:
CardStack - (spanish) https://bitcointalk.org/index.php?topic=2807670
XY Oracle - (Spanish) https://bitcointalk.org/index.php?topic=3055139
BitNation - (Spanish) https://bitcointalk.org/index.php?topic=3085075.msg31818653#msg31818653

ANN:
Repux - (spanish) https://bitcointalk.org/index.php?topic=2655431
Gitz -(Spanish) https://bitcointalk.org/index.php?topic=2767850
Current - (Spanish) https://bitcointalk.org/index.php?topic=2871186
Pumapay - (French) https://bitcointalk.org/index.php?topic=2692052.0
Wepower - (Portugese)  https://bitcointalk.org/index.php?topic=2686730
Pumapay - (French) https://bitcointalk.org/index.php?topic=2692052.0
Cardstack -  (Spanish) https://bitcointalk.org/index.php?topic=2807670
Onlive -(spanish) https://bitcointalk.org/index.php?topic=2871186
GiftCoin - (Spanish) https://bitcointalk.org/index.php?topic=2855829
XY Oracle- (Spanish) https://bitcointalk.org/index.php?topic=3055139
Amicorum - (Spanish) https://bitcointalk.org/index.php?topic=3048161
Bitnation -(Spanish) https://bitcointalk.org/index.php?topic=3085075.msg31818662#msg31818662

Withepaper Translations to Spanish:
Banancoin: https://drive.google.com/open?id=1Q09KDdISX5Ga0jmGC2Fx1G1-AOY-dfslx9h2m3nOAe4
Peculium: https://drive.google.com/open?id=1LP8PQht8GvTGr__P7vQOsXZJeBNyhvx39KxUH-7T1tE
Fortkoxster: https://drive.google.com/open?id=1uv9FnF4H36TbEW_MfeL2QK_umLao2mKKPMfuIAwS-50
Arcona: https://drive.google.com/open?id=1kbWSndTt_46T4TrmeHX0DWb3_eHF6WGA-Ambi2-t6o8
Baab: https://drive.google.com/open?id=19-_toc7spIs8WsRVN9mgOMQCI1C4m6vuyvnCqTDF0gE
Loomia: https://drive.google.com/open?id=101x5yDH3S6H7myO8qv3fNnk8DDO6QJIG74wi0e2G0rY
Datawallet: https://drive.google.com/open?id=1-H_yVEhWlxeayQTYJhhRCNvT4yTF5b2EWyr0iT_Gpts
FCFL: https://drive.google.com/open?id=1OeP4vJ5DJU80c4rEjbZyWerLbi8Jp6I9RmdHb8LQS4s
HDac: https://drive.google.com/open?id=1z7Aa_9ObZRbc7woKN9N4Y4HYKAJKcOZosKttbuZfKno
Giftz: https://drive.google.com/open?id=1WLkuimYZmv46YnRcPX6VSqgzGEMtwERS_nXGdC4BtLE
CoinMetro: https://drive.google.com/open?id=1ZgjNMXLPTAeJSNCtj6WDDYOVKr5xVmEa
Dav: https://drive.google.com/open?id=1JNAEmWdohXJ1PU1Z79yx743g9F84nwPy-YecpidgomQ
Current: (Spanish)https://drive.google.com/open?id=1IVwnJIdUKfv76bxWDw1sFn4Z6l81PEPW
OnLive: https://drive.google.com/open?id=1HKsB7LACGH-wCKXIa8sp_Yu6RY2bUftZ
GiftCoin: https://drive.google.com/open?id=1SNI6deLT6XaIVKymH4g0iAg_IluAIE57
Helbiz: https://drive.google.com/open?id=1cJIb3yjQv_VvxZLAD0yY977Erx6jEqlo
Amicorum:https://drive.google.com/open?id=1v_joTFWV4kWdkjpW3jnwcVOdAV3trQMe

OnePager Document Translations
Current: https://drive.google.com/open?id=1WxdtlTgkKJ1H5lmYZTJvj8DYmgf8j8T7kcB-DHe9R3I
Bananacoin: https://drive.google.com/open?id=1Q09KDdISX5Ga0jmGC2Fx1G1-AOY-dfslx9h2m3nOAe4

Agreetment Document Trasnlations:
Banancoin: https://drive.google.com/open?id=1jAqxu4pTaU-C1xxR73uBy_zhnapyvuHfb2DhsxSKQCI

WebSite Translations:

Arcona https://www.arcona.io/
Dav https://dav.network/
Repux https://repux.io/
Bananacoin https://bananacoin.io/es
Peculium https://cco.peculium.io/

[gng]

will you have a bounty program? i am interested

[aikklond]

"I believe its subscription function may be its most used feature. This is a unique and new aspect in the blockchain space and could pave the way for cryptocurrencies being used more frequently as actual currencies. There is a lot of subscription based content in the world, and you should be able to pay for it with cryptocurrency."Manoj Patidar

after reading this article, I decided to join. but I think it's going to be a very different ICO. will we be able to buy all of them at the price that was purchased on the first day? what kind of loop will it be? what will be the advantage between the investor who buys the first day and the investor who buys the last day?

[MTNToken]

will you have a bounty program? i am interested

Hello,

No, there is no bounty program.

Thanks!

[MTNToken]

"I believe its subscription function may be its most used feature. This is a unique and new aspect in the blockchain space and could pave the way for cryptocurrencies being used more frequently as actual currencies. There is a lot of subscription based content in the world, and you should be able to pay for it with cryptocurrency."Manoj Patidar

after reading this article, I decided to join. but I think it's going to be a very different ICO. will we be able to buy all of them at the price that was purchased on the first day? what kind of loop will it be? what will be the advantage between the investor who buys the first day and the investor who buys the last day?

Happy you enjoyed Manoj's Metronome Minute!

All 8 million of the initial supply will be available for purchase at any point in the Initial Supply Auction, supply permitting.

Auction mechanics are as follows: No traditional hardcap because of the descending price auction. The Initial supply auction will last up to a week, with 8 million MTN available for purchase. The starting price in the initial supply auction will be (an intentionally  high) 2 ETH per MTN, and it will descend by 0.0001984320568 ETH every 60 seconds toward its (intentionally low) floor price of 0.0000033 ETH, as long as the auction is open and there are still MTN available for purchase.

So market price is discovered via a descending price auction.

Should a purchaser deem a given price too high or unfair, they can wait for the price to descend to a level they agree with and purchase then -- provided there is supply left

You can read more about how descending price auctions (specifically the daily supply lots) work here: https://medium.com/@MetronomeToken/what-is-a-descending-price-auction-8c0770bb6a71

You can check out the quick glance price chart (for the initial supply auction) the team put out here: https://medium.com/@MetronomeToken/metronomes-initial-supply-auction-quick-glance-price-chart-c9132595871e

No minimum purchase outside of gas requirements for a successful transaction

Thanks!

[luckykitty]

Is Jeff Garzik still in the project? He scammed people in Space Chain, how can we trust in Metronome?