Dont like the descending price auction. also, they havent even given payment addresses, metronome wallets, anything like that. its just like, at the last minute before it launches they'll say 'send us your ETH to this address, please buy early in the reverse auction and overpay or wait until the end when everyone else will buy in a scramble and probably miss out, and if you're somehow successful in negotiating this chaos we'll give you a random erc20 token that won't be worth anywhere near as much as the ETH you traded for it'. 'and by the way, we're keeping all the ETH and 20% of the new currency too'
'no thanks' is the comment you're looking for.
Hi,
Actually, all of the contract code has been made public on GitHub, like was announced in the 10 day countdown email and post. The wallet, along with detailed guides on how to use it and participate in the auction itself will be available soon.
Also, Metronome authors receive none of the proceeds (the ETH you're referring to) from any of the auctions. Those stay in the ecosystem to provide long term support for the community. This has been in the owner's manual, the FAQ, and other supporting documentation since we announced Metronome in late October.
You can read more about that here:
https://medium.com/@MetronomeToken/on-metronome-author-retention-and-contract-behavior-73dad8f16494And here:
https://medium.com/@MetronomeToken/proceeds-for-the-community-not-the-authors-d41874d4d41fHope all is well,