What is Metronome?
Some cryptocurrencies' mintage is either static or goes to zero over time ¨C like Bitcoin, and Litecoin ¨C raising questions with economists about their long-term viability.
Other cryptocurrencies¡¯ token supply is hand-stitched together in pre-ICO deals that award certain parties a vast amount of supply, resulting in those parties controlling the majority of tokens. Some cryptocurrencies sell out to certain parties in a pre-sale or private sale, leaving very little to the general public. Metronome attempts to fix those problems with daily auctions that provide an ongoing token supply mintage, ad infinitum. An ongoing 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 MTN holders 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.