The Metronome Token ($MET)

Metronome’s native token ($MET, also referred to as MET) is an ERC-20 utility token on Ethereum. There are three primary use cases for the MET token.
  • Collateral Asset: The MET token can be used as a collateral asset on the Metronome dApp, which allows users to generate synthetics on the platform using their MET as collateral (not available during Beta).
  • Governance: MET is the governance token for the Metronome DAO. Holding MET allows users to participate in governance proposals and voting.
  • Trading Fee Discounts: Users will be able to ‘stake’ their MET token by depositing their token into a smart contract with a set duration of time for the lockup. Using a tiered system based on the number of tokens deposited, and the duration of lockup chosen, users will receive a discount on all synthetic trading fees. Full details coming soon.
Future and additional use cases for the MET 2.0 token are being explored. This document will be continually updated with the latest information.