Metronome attempts to create a stable, predictable money supply ad infinitum, using daily descending price auctions to distribute the token supply at market prices. Through the Auction contract, an initial 8,000,000 MET are sold in a 7-day initial descending price auction, followed by 2,880 MET per day minted and sold in the daily auctions (through year ~30, where mintage hits a 2%-per-year inflation floor). We retain an additional 2,000,000 MET for a one-time compensation, 75% of which is locked up for up to 3 years.
Metronome attempts to create a stable, predictable money supply ad infinitum, using daily descending price auctions to distribute the token supply at market prices. Through the Auction contract, an initial 8,000,000 MET are sold in a 7-day initial descending price auction, followed by 2,880 MET per day minted and sold in the daily auctions (through year ~30, where mintage hits a 2%-per-year inflation floor). We retain an additional 2,000,000 MET for a one-time compensation, 75% of which is locked up for up to 3 years.
