MetronomeDAO
1 min readJan 22, 2018

--

Hello,

Thanks for your comment. Yes, there will be a dashboard on Metronome.io that has live auction metrics.

You can read about the motivations for the descending price auction (among other things) in the “motivations” section of the owner’s manual. For your convenience, I’ll paste a little bit of it here:
The descending price auction aims to distribute the token at a price purchasers deem fair. Other ICOs’ token distribution ​is ​hand-engineered ​and ​often ​most ​is ​gone ​in ​the ​pre-sale ​before ​the ​public ​ever ​gets ​access. Metronome employs a descending price auction for both its Initial Supply Auction and Daily Supply Lots, with public access to all auction opportunities. There is no presale, whitelist, or any bonus. We believe conducting the initial supply auction this way may discourage whales and other large players within the space from dominating the supply of MTN, and we believe it will encourage a more fair distribution among the community of purchasers. Metronome is not looking for a quick pop for short term speculators, rather, every aspect ​of ​the ​initial ​supply ​auction ​attempts ​to ​provide ​fairer ​access ​to ​and ​fairer ​distribution ​of ​MTN.

Thanks,

-The Metronome Team

--

--

MetronomeDAO
MetronomeDAO

Written by MetronomeDAO

A community-drive DeFi ecosystem. Our first protocol, Synth, is now live in beta - https://app.metronome.io

Responses (1)