RATE Group | Metronome Blames Bear Market After Pedestrian ICO
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Metronome Blames Bear Market After Pedestrian ICO

09 Aug Metronome Blames Bear Market After Pedestrian ICO

Posted at 18:50h in Cryptocurrency News by

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metronome bad timing cryptocurrency

Bad timing and a less than spectacular user experience — that’s what cryptocurrency startup Bloq says is to blame for the pedestrian $12 million raised through the metronome (MTN) initial supply auction (ISA), referred to by nearly everyone but the company as an initial coin offering (ICO).

Bloq made this assessment in a lengthy post-mortem published earlier this week, nearly two months after the conclusion of the metronome ICO in June.

Metronome’s creators, a group that includes early Bitcoin developer Jeff Garzik, have boasted that the token’s portability will ensure that it will be a “thousand-year cryptocurrency,” one that will survive long after other once-popular blockchains have been forgotten by history.

MTN tokens, as CCN reported, can be ported to any blockchain with support for smart contracts. Garzik has often said that MTN is a sort of “boxcar” that can easily be disconnected from one train or set of tracks and attached to another.

But though…

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