Further, institutions can more confidently enter the cryptocurrency category, as Metronome will enable them to innovate and develop reimagined financial products.” said Matthew Roszak, co-founder and chairman of Bloq.
There is no fixed cap to the amount of Metronome tokens. Despite this, we do have some concerns regarding the team’s preparedness for the ICO (or “Token Generating Event” – TGE – as Etherisc calls it). The official site states that all Ether (the only accepted currency for the sale) collected from the sale will go directly into Metronome smart contracts and not to the developers. Metronome comes at a late stage in the game, at a time when the appetite for ICOs is decreasing and all eyes are on Bitcoin.
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- Jeff Garzik (CEO and Co-Founder, Chief Designer)
- Matthew Roszak (Chairman and Co-Founder)
- Peter Vessenes (Chief Cryptographer)
- Ryan Condron (Principal Engineer)
- Troy Benjegerdes (Principal Engineer)
- Jordan Kruger (Data Scientist)
The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it (including any technical support or promotion).
Etherisc is a company registered in Germany that is issuing a token that will be known as DIP on the Ethereum blockchain. As part of ensuring its longevity, Metronome is the first cross-chain cryptocurrency, meaning that its users can seamlessly transfer their tokens from one blockchain to another using cutting-edge import/export functions. As stated in this document, only 30% of DIP tokens will be available to the public during the token sale. As reported by Bloomberg, Bloq intends to unveil Metronome today at the Las Vegas Money 20⁄20 conference.
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Bloq is led by a world-class team of Blockchain developers, entrepreneurs and investors.
Developed by renowned technologists and pioneers in the Blockchain industry, Metronome emerged from a vision of a novel cryptocurrency that could provide both immediate utility and multi-generational longevity. Thanks Metronome is the world’s first self-governing, cross-blockchain cryptocurrency. True, the project’s founders and advisors are highly visible, but this makes the Metronome ICO even stranger. Metronome (“MTN”) is a new cryptocurrency developed by BloqLabs, built to last for generations.
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There is a small array of tokens performing a kind of “virtual mining” through a smart contract, and thus claim to be versions of Litecoin or even Bitcoin.
The Bloq team even claims that Metronome can make a token or coin exist even if its blockchain is already dead, with no mining. Metronome is a next generation cryptocurrency with a predictable and autonomously managed token supply, built for store-of-value, payment and transactional use cases. All token sale details also need to be made available in one place, and the team should explain clearly their reasoning behind the token allocation model they have chosen. Blockchain firm Bloq has announced the creation of Metronome, a cross-blockchain cryptocurrency that will be issued through an initial coin offering (ICO).
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According to the official metronome website, Vessenes is the lead cryptographer.
The Verdict The Metronome project is attempting to add practices that are employed in the distribution and mintage of fiat currencies into cryptocurrencies with a tinge of modern technology. The token has been called “Bitcoin Killer” around the time that Bitcoin was breaking records above $7,000. Metronome builds off the lessons learned from previous cryptocurrencies and optimizes for self-governance, long-term reliability, and maximum portability. Metronome would also require Ethereum to work, pressuring users to also stock up on ETH coins for running the application.
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Other notables in the team include Gavin Andersen, the former lead developer of Bitcoin Core, assigned to the project after the founder, Satoshi Nakamoto, went anonymous.
With this in mind, those interested in investing in Metronome may want to at the very least consider this before getting involved. Metronome is a cryptocurrency that is built on Ethereum, Bitcoin and Qtum technologies. By far the most interesting feature of Metronome is the blockchain interoperability, which as a feature in a crypto coin will be a first. With an all-star team, Metronome looks like a well thought out proposition. The ultimate news and updates on blockchain, ICO, bitcoin, ethereum, cryptocurrency, tezos, token sales, exchange, wallet, mining, dapps, smart contracts, price analysis.