Metronome

Metronome is the world's first cross-blockchain cryptocurrency, making decentralization possible and delivering institutional-class endurance.

About Metronome

Metronome aims to be a cryptocurrency capable of being exported and imported across chains, Metronome will initially be issued on Ethereum, with Ethereum Classic, Rootstock on Bitcoin, and Qtum support expected to follow. Metronome aims to provide portability that will allow users to select the chain that suits their requirements for management and security, or upgrade the MTN contract if needed. Portability furthers Metronome’s goal of becoming a general/wide-use cryptocurrency by freeing it from any one chain. Metronome aims to be a cryptocurrency which optimizes for self-governance, long-term reliability, and maximum portability. Metronome will not be controlled by any party after launchnot even its authorsas it will be completely autonomous. Metronome authors plan to continue to help by building an ongoing open-source community to support developers and users, but Metronome authors will have no access or control after the initial auction.
Competitors: Dogeethereum, Litecoin, Polkadot, Blockchain Router
Uniqueness/Advantages to competition: Aims to create a fully autonomous public decentralized cryptocurrency community.

Token Sale Use of Blockchain

Product

3.4
Product
Readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

2.0
N/A
2 - Proof of concept or test platform.
Appeal

How appealing is the product? How good or necessary is it? Does it have a distinct edge?

4.0
N/A
4 - Captivating.
Target User Base

Is it mass market or niche?

4.0
N/A
4 - Large audience / wide market.
Competition

Are there many other similar solutions or is this one of just a few, or even one of a kind?

3.0
N/A
3 - Some normal competition.
Innovation

How innovative or inventive is the product, either conceptually or technologically?

4.0
N/A
4 - Original, specialized.

Product

Alpha development and blockchain testing for the platform are planned to occur after the ICO, and for the first cross-chain transaction to occur in Q2 2018 (see Roadmap).
There is appeal to the Metronome product, given the increasing demand for atomic swaps and cross-chain technologies. The potential / target user-base is large, since if the cross-chain communication is robust enough, it will be able to communicate with many blockchain ledgers. There is some competition in-terms of different technologies trying to accomplish the same goal of cross-chain communication. Competition over time will greatly stiffen as blockchain technology adoption continues, given the target audience.
Competitors: Dogeethereum, Litecoin, Polkadot, Blockchain Router

Product Whitepaper

Use of Blockchain

4.6
Use of Blockchain
Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

4.0
N/A
4 - Innovative use of blockchain technology.
Disruptive Blockchain Advantage

How disruptive is the introduction of blockchain technology into the product's market space?

5.0
N/A
5 - Fundamentally disruptive.
Need for a Custom Token (vs. BTC or ETH)

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

4.0
N/A
4 - Token is essential to platform.
System Decentralization (besides token)

How decentralized is the system architecture other than the token (e.g., data collection, storage, access, and use, or decision making processes, etc.)?

5.0
N/A
5 - Fully decentralized.
Contribution to Blockchain Ecosystem

How compelling is the solution's contribution to the evolution of blockchain infrastructure and economy?

5.0
N/A
5 - Wow.

Use of Blockchain

The project offers contribution to blockchain development as it aims to create an innovative and novel cross-chain technology, thus enabling blockchains to interact fluidly. There is disruptive advantage as, in theory, it would enable further advancement and create a more liquid and ubiquitous blockchain technology sector. There is need for a custom token as the platform is an autonomous public decentralizd cryptocurrency community. If cross chain technology becomes robust it can become an essential part of the blockchain ecosystem.

Use of Blockchain Roadmap

Whitepaper

4.6
Whitepaper
Comprehensiveness

Does it cover the full scope of the problem and solution?

5.0
N/A
5 - All issues addressed coherently.
Readability

Is it easy enough to understand?

5.0
N/A
5 - Crystal clear. Enjoyable.
Transparency

Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?

5.0
N/A
5 - Candid openness.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

4.0
N/A
4 - Clear, well thought out, realistic.
Technology Presentation

Does it present a well thought out technological architecture? Does it address implementational challenges?

4.0
N/A
4 - Clear, well thought out, realistic.

Whitepaper

The whitepaper is well put together, aesthetic, and professional, and provides a mixture of media and textual explanation. The whitepaper is 33-pages long and can be read quickly thanks to efficient organization and presentation of media. The whitepaper sections include: Motivations, Executive Summary, Background, Introducing Metronome, How Metronome Works, Cryptocurrency market context to date, Metronome contracts and technical aspects, Metronome Proceeds and Autonomous Converter Contracts, and Token Supply Economics. The business plan and technology behind Metronome are concisely explained. References are provided in footnote fashion.

Whitepaper Compliance

Roadmap

3.2
Roadmap
Concreteness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

3.0
N/A
3 - An overall plan, major milestones stated.
Feasibility

Is the development plan realistic? Is it based on reasonable goals and timelines?

4.0
N/A
4 - Realistic.
Vision

Is there a larger, long-term vision?

4.0
N/A
4 - Long term.
Dependencies (services or capabilities)

How available, operational, or trusted are the other systems or capabilities on which the project relies?

3.0
N/A
3 - Imperfect but available, or using substitutes.
Current Position

Where is the project now, relative to its vision and plans?

2.0
N/A
2 - Critical obstacles ahead.

Roadmap

A very basic roadmap is given on a bi-monthly basis, starting with ‘Metronome Idea’. Many critical obstacles lie ahead; alpha development and blockchain testing for the platform will be needed after the ICO. The roadmap is vague and no descriptions are provided of the intermediate steps required to completely each milestone.

Metronome Roadmap:
03.01.2017 Metronome idea
05.24.2017 Partnership with New Alchemy formed
08.01.2017 Smart contract development begins
10.24.2017 Metronome website and Owner’s Manual published
March 2018 Metronome Initial Supply Auction
Q2 2018 First cross-chain launch on ETC

Roadmap Company and Team

Compliance

3.8
Compliance
Token Utility (value through usage)

How much use is there for the token itself (regardless of its value as an investment vehicle)?

5.0
N/A
5 - Foundational or varied use cases.
Token as Security (tradable instrument)

How valuable is the token as an investment vehicle or financial instrument?

4.0
N/A
4 - Not as such, or compliance is assured.
Token/Smart-Contract Readiness

Is the blockchain infrastructure of the project ready for use? Is there a working prototype or MVP? How long until it is operational?

2.0
N/A
2 - Proof of concept or test platform.
Attention to Compliance Issues

How much attention is given to compliance (via token and ecosystem design, token sale participation, etc.)? Is this issue addressed directly and coherently?

4.0
N/A
4 - Specific, detailed.
Legal Review/Risk Assessment

What kind of legal documentation (reviews or agreements) and risk assessment are provided?

4.0
N/A
4 - Professional.

Compliance

The MTN-token has intrinsic value through its planned usage on the Metronome platform, allowing users to participate in a fully autonomous and decentralized cross-chain technology platform. The token’s main utility is as a tradable financial instrument, as it is used specifically for cross-chain settlements and its main purpose is to be a ‘cryptocurrency’.
The token smart-contract infrastructure will be completed after the ICO, as well as the continued development of the platform.
Compliance is addressed with direct statements of the fact that an autonomous descending price auction removes the guarantee of profit, and that given its purpose as an autonomous fully public decentralized community, comparable to Bitcoin or Ethereum, a typical whitelisting KYC process is not required.

Compliance Token Sale

Company and Team

4.6
Company and Team
Company Stage and Foundation

Is the company already established? Has it raised funds before? Is it mature?

4.0
N/A
4 - Established with some fundraising history.
Background of Lead Team Members

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

5.0
N/A
5 - Accomplished, recognized.
Team Assembly and Commitment

Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?

4.0
N/A
4 - Fully assembled and committed.
Team Skill Set Relevance

Does the amount of talent and skill in each area seem to fit the project requirements?

5.0
N/A
5 - Meeting and exceeding project requirements.
Team Skill Set Balance

Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?

5.0
N/A
5 - Excellent, all aspects covered.

Company and Team

Metronome has an established team with 15 employees, 6 advisors, and 6 Partnerships.
The core team has experience in Blockchain/smart-contract/cryptocurrency investing and development, data analytics, software / tech development, marketing, finance/accounting, graphics / front-end design, computer science, project development, and blockchain investments/developments.
The advisors have backgrounds in digital wallet development, ICO advisement, law, marketing, sales, tech development, investing, cryptocurrency and blockchain projects. The partnerships are with very reputable law firms and blockchain centered companies including: New Alchemy, Perkins Coie, Delat Strategy Group, Smith + Crown, Zeppelin Solutions, and Jaxx. Most team members have verifiable work experience credentials via LinkedIn profiles, however some profiles provide little information. Some members of the team are fully dedicated to the project, while others are also dedicated to multiple projects outside of Metronome platform. Most core team members and advisors have previous experience with blockchain, cryptocurrency, or smart-contract projects, investing, and ICO consultation/launch. Some notable previous or current affilations: Bloq inc, BitPay, Jaxx, Civic, Blockchain Capital, CoinLab, Bitcoin Foundation, and Ethereum.
Positives: The core team is very well rounded and accomplished in the field of blockchain, cryptocurrency, or smart contracts.
Negatives: Not all members are fully dedicated to the project.

Company and Team Product

Token Sale

4.6
Token Sale
Raise Amount Max

Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?

5.0
N/A
5 - Fully thought out and planned.
Raise Amount Min

Is the minimum raise reasonable considering the development plan? Are there raise-amount dependent milestones?

5.0
N/A
5 - Carefully planned, raise-dependent milestones.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

5.0
N/A
5 - Carefully planned and fully transparent.
Token Allocation

Is the ratio of tokens sold to those kept reasonable? Does it prevent the company from having too much control?

5.0
N/A
5 - Majority of tokens sold, strict vesting periods, milestone dependent release.
Media Presence and Following

Is the sale being talked about in Reddit, Bitcointalk, Social Media, Medium, etc.? Is information available and accessible? Is there interest?

3.0
N/A
3 - Some presence, lukewarm reception.

Token Sale

Metronome Token (MTN)
Metronome will be offered to the public via an autonomous descending price auction (2 ETH to .000033 ETH, @-.0001984329568 ETH/min). Its authors will receive a one-time retention of 20% (2 million) of the initial MTN supply. 80% of MTN will be sold via ICO.

100% of the proceeds from the initial auction will be used to provide long term support for the community.

The initial supply auction will last up to 7 days. After 7 days or when all MTN in the initial supply are sold, the auction will end.

Social Media Presence & Following
There is some community engagment and reception.

Product

Alpha development and blockchain testing for the platform are planned to occur after the ICO, and for the first cross-chain transaction to occur in Q2 2018 (see Roadmap).
There is appeal to the Metronome product, given the increasing demand for atomic swaps and cross-chain technologies. The potential / target user-base is large, since if the cross-chain communication is robust enough, it will be able to communicate with many blockchain ledgers. There is some competition in-terms of different technologies trying to accomplish the same goal of cross-chain communication. Competition over time will greatly stiffen as blockchain technology adoption continues, given the target audience.
Competitors: Dogeethereum, Litecoin, Polkadot, Blockchain Router

Category Breakdown
Readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

2.0
N/A
2 - Proof of concept or test platform.
Appeal

How appealing is the product? How good or necessary is it? Does it have a distinct edge?

4.0
N/A
4 - Captivating.
Target User Base

Is it mass market or niche?

4.0
N/A
4 - Large audience / wide market.
Competition

Are there many other similar solutions or is this one of just a few, or even one of a kind?

3.0
N/A
3 - Some normal competition.
Innovation

How innovative or inventive is the product, either conceptually or technologically?

4.0
N/A
4 - Original, specialized.
Product Score:
3.4

Use of Blockchain

The project offers contribution to blockchain development as it aims to create an innovative and novel cross-chain technology, thus enabling blockchains to interact fluidly. There is disruptive advantage as, in theory, it would enable further advancement and create a more liquid and ubiquitous blockchain technology sector. There is need for a custom token as the platform is an autonomous public decentralizd cryptocurrency community. If cross chain technology becomes robust it can become an essential part of the blockchain ecosystem.

Category Breakdown
Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

4.0
N/A
4 - Innovative use of blockchain technology.
Disruptive Blockchain Advantage

How disruptive is the introduction of blockchain technology into the product's market space?

5.0
N/A
5 - Fundamentally disruptive.
Need for a Custom Token (vs. BTC or ETH)

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

4.0
N/A
4 - Token is essential to platform.
System Decentralization (besides token)

How decentralized is the system architecture other than the token (e.g., data collection, storage, access, and use, or decision making processes, etc.)?

5.0
N/A
5 - Fully decentralized.
Contribution to Blockchain Ecosystem

How compelling is the solution's contribution to the evolution of blockchain infrastructure and economy?

5.0
N/A
5 - Wow.
Use of Blockchain Score:
4.6

Whitepaper

The whitepaper is well put together, aesthetic, and professional, and provides a mixture of media and textual explanation. The whitepaper is 33-pages long and can be read quickly thanks to efficient organization and presentation of media. The whitepaper sections include: Motivations, Executive Summary, Background, Introducing Metronome, How Metronome Works, Cryptocurrency market context to date, Metronome contracts and technical aspects, Metronome Proceeds and Autonomous Converter Contracts, and Token Supply Economics. The business plan and technology behind Metronome are concisely explained. References are provided in footnote fashion.

Category Breakdown
Comprehensiveness

Does it cover the full scope of the problem and solution?

5.0
N/A
5 - All issues addressed coherently.
Readability

Is it easy enough to understand?

5.0
N/A
5 - Crystal clear. Enjoyable.
Transparency

Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?

5.0
N/A
5 - Candid openness.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

4.0
N/A
4 - Clear, well thought out, realistic.
Technology Presentation

Does it present a well thought out technological architecture? Does it address implementational challenges?

4.0
N/A
4 - Clear, well thought out, realistic.
Whitepaper Score:
4.6

Roadmap

A very basic roadmap is given on a bi-monthly basis, starting with ‘Metronome Idea’. Many critical obstacles lie ahead; alpha development and blockchain testing for the platform will be needed after the ICO. The roadmap is vague and no descriptions are provided of the intermediate steps required to completely each milestone.

Metronome Roadmap:
03.01.2017 Metronome idea
05.24.2017 Partnership with New Alchemy formed
08.01.2017 Smart contract development begins
10.24.2017 Metronome website and Owner’s Manual published
March 2018 Metronome Initial Supply Auction
Q2 2018 First cross-chain launch on ETC

Category Breakdown
Concreteness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

3.0
N/A
3 - An overall plan, major milestones stated.
Feasibility

Is the development plan realistic? Is it based on reasonable goals and timelines?

4.0
N/A
4 - Realistic.
Vision

Is there a larger, long-term vision?

4.0
N/A
4 - Long term.
Dependencies (services or capabilities)

How available, operational, or trusted are the other systems or capabilities on which the project relies?

3.0
N/A
3 - Imperfect but available, or using substitutes.
Current Position

Where is the project now, relative to its vision and plans?

2.0
N/A
2 - Critical obstacles ahead.
Roadmap Score:
3.2

Compliance

The MTN-token has intrinsic value through its planned usage on the Metronome platform, allowing users to participate in a fully autonomous and decentralized cross-chain technology platform. The token’s main utility is as a tradable financial instrument, as it is used specifically for cross-chain settlements and its main purpose is to be a ‘cryptocurrency’.
The token smart-contract infrastructure will be completed after the ICO, as well as the continued development of the platform.
Compliance is addressed with direct statements of the fact that an autonomous descending price auction removes the guarantee of profit, and that given its purpose as an autonomous fully public decentralized community, comparable to Bitcoin or Ethereum, a typical whitelisting KYC process is not required.

Category Breakdown
Token Utility (value through usage)

How much use is there for the token itself (regardless of its value as an investment vehicle)?

5.0
N/A
5 - Foundational or varied use cases.
Token as Security (tradable instrument)

How valuable is the token as an investment vehicle or financial instrument?

4.0
N/A
4 - Not as such, or compliance is assured.
Token/Smart-Contract Readiness

Is the blockchain infrastructure of the project ready for use? Is there a working prototype or MVP? How long until it is operational?

2.0
N/A
2 - Proof of concept or test platform.
Attention to Compliance Issues

How much attention is given to compliance (via token and ecosystem design, token sale participation, etc.)? Is this issue addressed directly and coherently?

4.0
N/A
4 - Specific, detailed.
Legal Review/Risk Assessment

What kind of legal documentation (reviews or agreements) and risk assessment are provided?

4.0
N/A
4 - Professional.
Compliance Score:
3.8

Company and Team

Metronome has an established team with 15 employees, 6 advisors, and 6 Partnerships.
The core team has experience in Blockchain/smart-contract/cryptocurrency investing and development, data analytics, software / tech development, marketing, finance/accounting, graphics / front-end design, computer science, project development, and blockchain investments/developments.
The advisors have backgrounds in digital wallet development, ICO advisement, law, marketing, sales, tech development, investing, cryptocurrency and blockchain projects. The partnerships are with very reputable law firms and blockchain centered companies including: New Alchemy, Perkins Coie, Delat Strategy Group, Smith + Crown, Zeppelin Solutions, and Jaxx. Most team members have verifiable work experience credentials via LinkedIn profiles, however some profiles provide little information. Some members of the team are fully dedicated to the project, while others are also dedicated to multiple projects outside of Metronome platform. Most core team members and advisors have previous experience with blockchain, cryptocurrency, or smart-contract projects, investing, and ICO consultation/launch. Some notable previous or current affilations: Bloq inc, BitPay, Jaxx, Civic, Blockchain Capital, CoinLab, Bitcoin Foundation, and Ethereum.
Positives: The core team is very well rounded and accomplished in the field of blockchain, cryptocurrency, or smart contracts.
Negatives: Not all members are fully dedicated to the project.

Category Breakdown
Company Stage and Foundation

Is the company already established? Has it raised funds before? Is it mature?

4.0
N/A
4 - Established with some fundraising history.
Background of Lead Team Members

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

5.0
N/A
5 - Accomplished, recognized.
Team Assembly and Commitment

Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?

4.0
N/A
4 - Fully assembled and committed.
Team Skill Set Relevance

Does the amount of talent and skill in each area seem to fit the project requirements?

5.0
N/A
5 - Meeting and exceeding project requirements.
Team Skill Set Balance

Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?

5.0
N/A
5 - Excellent, all aspects covered.
Company and Team Score:
4.6

Token Sale

Metronome Token (MTN)
Metronome will be offered to the public via an autonomous descending price auction (2 ETH to .000033 ETH, @-.0001984329568 ETH/min). Its authors will receive a one-time retention of 20% (2 million) of the initial MTN supply. 80% of MTN will be sold via ICO.

100% of the proceeds from the initial auction will be used to provide long term support for the community.

The initial supply auction will last up to 7 days. After 7 days or when all MTN in the initial supply are sold, the auction will end.

Social Media Presence & Following
There is some community engagment and reception.

Category Breakdown
Raise Amount Max

Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?

5.0
N/A
5 - Fully thought out and planned.
Raise Amount Min

Is the minimum raise reasonable considering the development plan? Are there raise-amount dependent milestones?

5.0
N/A
5 - Carefully planned, raise-dependent milestones.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

5.0
N/A
5 - Carefully planned and fully transparent.
Token Allocation

Is the ratio of tokens sold to those kept reasonable? Does it prevent the company from having too much control?

5.0
N/A
5 - Majority of tokens sold, strict vesting periods, milestone dependent release.
Media Presence and Following

Is the sale being talked about in Reddit, Bitcointalk, Social Media, Medium, etc.? Is information available and accessible? Is there interest?

3.0
N/A
3 - Some presence, lukewarm reception.
Token Sale Score:
4.6

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