Metronome ICO Finishes with $12 Million Raised via Crypto Auction Style

Strange New ICO Raises12 Million Dollars 4 Metronome

Tokens where purchased last minute by people interested in supporting Metronome. Unlike other initial coin offerings, Metronome did not reward investors tokens early. Instead, the strange new method was used to entice buyers to wait until the end of the pre-sale to pick up the tokens. Instead of selling tokens cheaper in the beginning and more expensive in the end, the company dropped the price of its coins day by day leading to the most affordable price offering near the end of their token sale.

The token auction ran nearly a week – selling 8 million of the Metronome MET Coins. Valued at 26 and a half thousand Ether in total, the new strategy, proved to work well. The final worth in United States dollars ended up being more than 12 million. With almost 1500 unique wallet addresses, each token has a value of more than three and a half thousand US dollars.

Timing was crucial to the sale, the new strategy proven to be highly effective during the recent dip in cryptocurrency prices – also showing that the market is far from finished.

Apparently, the planned method for selling their tokens went accordingly. Metronome anticipated hesitation from users to purchase a new token using their Ether. Using personal ETH with uncertainty proved especially true for investors who had lost money due to a drop and ETH prices. However, as far as the method of operations is concerned, everything went as planned.

The new pre-sale strategy will likely be adopted by other companies, who want to attract the right type of investor, also at the last minute. Metronome is smart, they understand the value of a marathon vs. a sprint – and encouraging long-term thinking, verse the excitement of quick money. Technically, the platform is already running as smooth as possible and should continue to do so from here on out.

As far as a cryptocurrency launch is concerned, the initial coin offering went as good as one could go. Metronome is now a contender for best new blockchain and cryptocurrency.

Will you invest with Metronome? Leave your answers in the comments below.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Chart News

Today's Latest Crypto News

Brazil Tax Authorities Impose New Regulation to Fine Crypto Traders Who Do Not Report Their Transactions

Back in August this year, the Department of Federal Revenue rolled out various provisions and stipulations that require all Brazilian citizens to report transactions...

Monero (XMR) Hash Rate up 190% after the RandomX but All Red in Price Land

Most recently, the Monero network successfully upgraded to a new mining algorithm aiming to be ASIC-resistant, RandomX. This upgrade led to a surge of 190%...

SpaceChain’s New Milestone: First-Ever Demo of Blockchain Tech on the International Space Station

On Monday, December 5, 2019, community-based space and blockchain-focused platform, SpaceChain sent its blockchain hardware wallet technology to the International Space Station (ISS). As...

Ukrainian Government Finalizes Money Laundering Laws Based on the FATF Recommendations

The Ukranian government has finalized a money laundering law for virtual assets and virtual asset service providers based on the recommendations put forward by...

Telegram Under Scrutiny by the SEC for its $1.7 billion Token Sale; Former Chief Investment Advisor Issued a Deposition to Testify

According to the filings made through the U.S District Court in New York, SEC’s main agenda is to stop the launch of Telegram’s blockchain...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.