Metronome on CREAM

A Little Bit About Metronome

Launched in 2018, Metronome is known as the world’s first autonomous cryptocurrency. Metronome’s autonomous monetary policy has translated to over $50 million in permanently locked liquidity in its proprietary AMM (which predates Uniswap significantly).

The token offers additional nuanced features like cross-chain support (chain hops), masspay, and subscriptions. Metronome is designed as a new “smart currency” DeFi primitive.

Why Vote “Yes” to MET

Due to the nature of its monetary policy and significant value permanently locked as liquidity, Metronome is a safe collateral token. The floor price of MET (meaning, if every single token holder sold 100% of their MET) is about $1.40 (current price = $3.68). (Calculations made using the CORE floor formula.)

It is impossible for MET to be liquidated at low collateral ratios. But beyond that, this price floor is an extreme, and more broadly reflects that MET is a highly liquid, quasi-stablecoin that makes sense as a better collateral. Token holders of MET are interested in its future as a DeFi currency and are enthusiastic about utilizing it across third-party DeFi platforms.

This is a highly, permanently liquid, safe collateral token held by a community that is highly in tune to DeFi.

--

--

--

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Pre-Main Net Annoucement

The Constant Evolution of Digital Wallets: What It Means In Shaping The Future

4 Proof of Stake projects you should check out

El Salvador's bonds suffer as Bitcoin Law takes effect

2020 May Be Almost Over, But COVID-19 Related Risks To Markets Are Not

ZeroLink Test Aftermath — Best Anonymity Set Successfully Achieved: 26, General Evaluation…

TMD token genesis launch!

The first acquaintance with the project.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Metronome Token

Metronome Token

More from Medium

How to Escape Lock-up Periods with Perpetual Contracts

Weekly Dose of ESG — Veganuary Nuggets

Development Update project T3RN

The Noise: HAPEBEAST Launch, Twitter PFP Verification, NBA Top Shot Market on the Rise