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Metronome
The world’s first Cross-Blockchain Cryptocurrency. New cryptocurrency, intended to be money, used in payments, used as store of value, Money that’s built to LAST.
Jeff Garzik
an early Bitcoin developer and the CEO and Co-Founder of Bloq labs.
Matthew Roszak is Co-Founder and Chairman of Bloq, blockchain software developer, VC 20+ years experience, invested in BitFury, Blockstream and Factom (400X).
Metronome is NOT a blockchain, it depends on compatible blockchains, It can ride on compatible blockchains and inherit some of thier properties, for example, when metronome is on the ethereum blockchain, you’ll get the 15 sec settlement time, if ethereum’s block time increases then metronomes blocktime will also increase.
USERS CHOOSE there blockchain rails, if you want to move from ethereum to another blockchain then you can move you asset to that other blockchain if it has, faster settlement times, low transaction fees etc..… this way you wont have to worry if that your metronome will loose value.
Initially it will support: Ethereum, ethereum classic, rootstock and QTUM.
Status: it’s a working product, they have already developed the code and its ready to go. They have been working on this for a long time.
Feature highlights/PROS
- Interoperability
- Mass Pay: one transaction fee to pay for example… 50 people at one time. This will attract institutional investors, in addition to businesses looking to pay a LARGE amount of people at one time. One of the partners is JAXX (crypto wallet), this means one of the mass payment features could be built into the JAXX wallet.
- You can authorize another person to withdraw a certain amount of MTN in a specific time frame. (family, friends, remittance payments etc..)
- Supports subscription payments (for example… release 25$ a month to apple for 12 months)
- Metronome is deigned to be money!
- Financial institutions are interested in a currency that has been well audited, well engineered for enterprise quality, something that they can arbitrage and hedge against because its something that is very predictable day in and day out in terms of that money supply.
- Use of auction proceeds: The Auction funds do NOT go to the compay: it goes to a smart contract. Metronome itself manages its tokens and ites proceeds, Every 24/hrs 0.25% of the total proceed’s balance will go to the autonums converter contract, this funtions actions as a decentralized autonomous changer between ETH and Metronome. It’s a way to change ETH for metronome on-chain MTN/ETH trading pair, This ESSENITALLY BUY’S METRONOME every single day AT MARKET PRICE, this contract will run for 4 years. This provides a minimum support level for the PRICE.
- Action feature
CONs
- Inflation: New MTN will be minted.
Development:
Opensource: anyone can evaluate the code.
AT START: they creators are sponsoring a lot of the development themselves, they are building a mining pool, worlds first ERC mining pool, metronome wallet, developer SDKs and libraries will be available at lunch,
After,
AFTER: they will release control of the currency to the community and let them take over the development: like what happened with litecoin and bitcoin etc..
SOCIAL MEDIA
Facebook: 1k
Reddit: 1k
Twitter: 7k
Telegram: 17k
TEAM10/10
ROADMAP
Rating
8.5/10
Price prediction: store of value, slow steady growth.
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