{"id":3472,"date":"2022-03-05T19:01:38","date_gmt":"2022-03-05T19:01:38","guid":{"rendered":"http:\/\/smart.onlinesarafi.com\/index.php\/2022\/03\/05\/metronomewhitepaper\/"},"modified":"2022-03-05T19:01:38","modified_gmt":"2022-03-05T19:01:38","slug":"metronomewhitepaper","status":"publish","type":"post","link":"https:\/\/smart.onlinesarafi.com\/index.php\/2022\/03\/05\/metronomewhitepaper\/","title":{"rendered":"Metronome\tWhitepaper"},"content":{"rendered":"<div id=\"post-8853\">\n<div class=\"entry-content\" readability=\"62.937163375224\">\n<p>Motivations<br \/>In the development of Metronome, the Metronome authors aspire to take the lessons learned from previous<br \/>cryptocurrencies and build one whose sole purpose is to be a long-term monetary system. With this in mind,<br \/>the Metronome authors saw a novel opportunity in:<br \/>\u25cf Economically engineering something to last<br \/>\u25cf Bootstrapping decentralized financial products<br \/>\u25cf Ensuring equal access to token distribution<br \/>\u25cf Ensuring autonomous, self-governing contracts<br \/>\u25cf Taking cryptocurrency to the next level\u2026 literally<br \/>Economically engineering something to last<br \/>Some cryptocurrencies\u2019 mintage is either static or goes to zero over time \u2013 like Bitcoin, and Litecoin \u2013 raising<br \/>questions with economists about their long term viability.<\/p>\n<p>Other cryptocurrencies\u2019 token supply is hand-stitched together in pre-ICO deals that award certain parties a vast amount of supply, resulting in those<br \/>parties controlling the majority of tokens. Some cryptocurrencies sell out to certain parties in a pre-sale or<br \/>private sale, leaving very little to the general public. Metronome attempts to fix those problems with daily<br \/>auctions that provide an on-going token supply mintage, ad infinitum. An on-going token supply mintage is<br \/>theorized to provide sustainability versus other cryptocurrencies whose mintage either is or goes to zero.<\/p>\n<p>The Metronome team expects that this will also encourage MTN holders to use the many payment features of<br \/>Metronome. Utilizing those use cases, actually using it as a currency, may help solidify its endurance. The<br \/>Metronome team also believes that an ongoing mintage also dilutes any potential disproportionate amounts<br \/>purchased at a given time. Through Metronome, the team believes it is engineering something that is<br \/>built-to-last. Longevity is Metronome\u2019s main goal.<\/p>\n<p>Bootstrapping decentralized financial products<br \/>Bootstrapping decentralized systems into self-sustainability is a new thing, more art than science. Metronome<br \/>is attempting to break new ground here. All proceeds from Metronome\u2019s auctions are sent to two separate<br \/>smart contracts, which are designed \u2013among other things\u2013 to provide liquidity to MTN owners that may want<br \/>to sell.<\/p>\n<p> <a href=\"https:\/\/www.metronome.io\/\" target='_blank\"' rel=\"noopener\"> Metronome\tWebsite <\/a> <br \/><a href=\"https:\/\/web.archive.org\/web\/20190722172258\/https:\/\/www.metronome.io\/pdf\/owners_manual.pdf\"> Metronome\tWhitepaper <\/a><br \/><strong><\/strong><\/p>\n<p>Social<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>MotivationsIn the development of Metronome, the Metronome authors aspire to take the lessons learned from previouscryptocurrencies and build one whose sole purpose is to be a long-term monetary system. With this in mind,the Metronome authors saw a novel opportunity in:\u25cf Economically engineering something to last\u25cf Bootstrapping decentralized financial products\u25cf Ensuring equal access to token distribution\u25cf [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3472","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/3472","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/comments?post=3472"}],"version-history":[{"count":1,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/3472\/revisions"}],"predecessor-version":[{"id":3473,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/3472\/revisions\/3473"}],"wp:attachment":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/media?parent=3472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/categories?post=3472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/tags?post=3472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}