Metronome is a new kind of cryptocurrency that seeks to bring a lasting solution to this industry. This digital currency seeks to enhance self-governance, ensure long-term stability and enable maximum portability. It will be possible to import and export this coin across chains. MET developers intend to create a completely autonomous cryptocurrency that they also not be able to control after launch. The coin will initially be issued on Ethereum using Ethereum Classic and Rootstock on Bitcoin.Show more [+] They have a later plan to issue on Qtum. This coin will be open-source to allow further developments.
MET authors are planning to sell to the public during the initial auction using autonomous descending price auction. The authors will receive a onetime retention of 20% or two million of the initial supply of coins and have the rest auctioned to the public. The total issued coins are 10 million. 100% of the proceeds collected from the initial auction will go to fully supporting the community. The initial auction will last for a maximum of seven days, or until all the 8 million coins have been exhausted (whichever comes first).
Those participating in this auction will have to purchase ether from an exchange and transfer the same to an ERC20 and ETH compatible wallet. It is from their wallets that they will then participate in the token sale. 1 MET token will start retailing at 2 ETH and decrease every 60 seconds to a stable price.
MET coin is compatible with ERC20 and ETH wallets and is currently listed on Bittrex, YoBit and Hotbit exchanges.
The team authoring this project includes Jeff Garzik, the CEO and co-founder/Chief Designer, Matthew Roszak, the Chairman and co-founder, Peter Vessenes, Chief Cryptographer and others.