[ANN] Metronome, an autonomous cryptocurrency with predictable supply - page 25.

MTNToken

newbie

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Quote from: atchoum6760 on January 03, 2018, 01:01:15 PM

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.

Correct. If the auction is open and there are still MTN available to purchase, the price will continue to descend.

MTNToken

newbie

Activity: 258

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Quote from: SheepSuit on January 05, 2018, 01:48:28 PM

Quote from: Yurkov on January 04, 2018, 06:29:37 AM

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.. Wink

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?

Hello,

So yes, 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 floor price of 0.0000033 ETH, as long as the auction is open and there are still MTN available for purchase.

After the initial supply auction is completed, the daily supply lots begin. These also use a descending price auction model but are a little different. They being with their price as 2x the closing price of the previous auction, and descend every 60 seconds to 99% of the previous price in the auction.

Alex.Baker0444

brand new

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Hello! I am editor from icoholder.com. Your IСO was added to our listing and now is available to investors: https://icoholder.com/en/ico/metronome-4299 You can edit your Page by adding more information about your ICO after verification and also verify team members to improve ranking.

SheepSuit

member

Activity: 140

Merit: 10

Quote from: Yurkov on January 04, 2018, 06:29:37 AM

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.. Wink

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?

Yurkov

sr. member

Activity: 1463

Merit: 265

Pepemo.vip

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.. Wink

atchoum6760

legendary

Activity: 1904

Merit: 1063

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.

jgarzik

legendary

Activity: 1596

Merit: 1099

Quote from: Goaliecoin on December 27, 2017, 03:19:04 PM

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-8c0770bb6a71

tl;dr 2 ETH/token is the cap

jgarzik

legendary

Activity: 1596

Merit: 1099

Quote from: liotmaan on December 24, 2017, 05:36:49 AM

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.

Goaliecoin

newbie

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The price for one MTN are 2 ETH at the beginning??

Is that right? Why so much?

MTNToken

newbie

Activity: 258

Merit: 0

Quote from: TonyGaruda88 on December 24, 2017, 05:30:45 AM

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.

MTNToken

newbie

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Quote from: Enjorlas on December 24, 2017, 05:24:29 AM

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.

novy

full member

Activity: 728

Merit: 110

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?

Departure

sr. member

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Merit: 288

liotmaan

sr. member

Activity: 324

Merit: 261

Quote from: liotmaan on December 24, 2017, 05:36:49 AM

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.

TonyGaruda88

member

Activity: 280

Merit: 15

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.

Enjorlas

hero member

Activity: 788

Merit: 1000

Hello, is there a bounty thread to participate to the marketing campaign ? I didn't find it, can you give me a link?

MTNToken

newbie

Activity: 258

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Learn more about Metronome's first design pillar: Self-Governance

https://medium.com/@MetronomeToken/self-governance-as-a-design-goal-fc06afd61dd5

MTNToken

newbie

Activity: 258

Merit: 0

Quote from: atchoum6760 on December 20, 2017, 04:09:06 AM

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.

MTNToken

newbie

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Learn more about the Metronome Team in the Metronome Minute series. This week features Metronome's Blockchain analyst, Matt Lam. Read about him here:
https://medium.com/@MetronomeToken/metronome-minute-matt-lam-35c6618440a9

atchoum6760

legendary

Activity: 1904

Merit: 1063

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.

Topic: [ANN] Metronome, an autonomous cryptocurrency with predictable supply - page 25. (Read 30103 times)