Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Metronome, an autonomous cryptocurrency with predictable supply
by
MTNToken
on 29/05/2018, 17:34:41 UTC
@MTNToken Can you explain me about the price when the price going to 0.05ETH for example per MET token and i decide to buy 1000 tokens
But the price contiune going down when i purchase 500 tokens i order this amount of tokens and nobody can buy before me while i paying for them?

Hello,

It's a public, open auction. Purchasers will pay the rate at the time the block containing the purchase is mined.

Thanks!

So this means that i purchase 300 tokens for 0.005ETH per token and then i will wait for the block containing to make this order

A high level the process will look like this: a purchaser deems a given price fair, then sends ETH from an ERC20 compatible wallet to the Metronome auction contract at that time. They will then receive their Metronome almost immediately after the purchase, and it will become transferable after the end of the Initial Supply Auction.

There's a video explaining how this works as well on metronome.io