The Metronome project team develops a cross-platform MTN token, the main feature of which is the ability to export / import to various blockchain systems. MTN tokens are designed to solve the problems of high volatility of the cryptocurrency market, low transaction velocity and free transition between blockchains.
The initial volume of the MTN will be 10 million. Metronome creators will receive 20% (2 million MTN) of the total MTN issuance, that will be reserved within a separate TokenLocker contract (25% available immediately after the Initial Supply Auction, and the remaining 75% will be unblocked quarterly for 12 quarters in equal parts). The remaining 8 million tokens will be available for purchase through the Initial Supply Auction. The seven-day basic initial auction with a one-minute price reduction is scheduled for May 2018.
The Metronome project is implemented by the experienced BloqLabs team. The leaders are very experienced and authoritative representatives of the crypto industry: Jeff Garzik - CEO and Co-founder of Bloq. He was one of the developers at Bitcoin Core. Matthew Roszak is a Co-founder of Tally Capital, which specializes in digital assets and blockchain technology. The investment portfolio includes more than 20 projects, including Blockchain Capital, Block.One, Blockstream, Civic, Factom, QTUM.
The advantages of MTN over main cryptocurrencies (BTC, ETH, LTC, XRP, ZEC) are the increased transaction velocity, possibility of payment by subscription and selection of blockchain network. The main risk of buying MTN is a new approach to the token sale with inflationary component. The purchase of MTN for investment purposes is doubtful, rather it is worth considering MTN as a more convenient means of settlement. Flexibility within different blockchain platforms, emission steadiness and autonomy of the Metronome smart contracts, give the token a high potential to become massive and to deduce cryptocurrencies calculations to a new level.
More information about the strengths and weaknesses of the project can be found in our review.