reverse auctions are a type of scam anyway, they're not fair at all. buyers invariably buy earlier and at a higher price than they otherwise would due to the psychology of how crowds work.
also, look at the pricing, and how many coins there are. also, although these 2,880 every day is one thing - the money for these goes guess where...yep, the metronome team. talk about a license to print money and devalue the existing one at the same time.
don't get me wrong, this will no doubt make a fortune for the team, but will fail hard as a cryptocurrency. everyone knows the real reason they delayed this ico/auction/whatever you want to call it was to watch the price of ether and try and time it for the most profit. nice scheme though. clever.
Actually, Metronome authors receive none of the proceeds 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-d41874d4d41fand here:
https://bitcointalk.org/index.php?topic=2450739.msg37106891#msg37106891And as has been communicated multiple times, the previous postponements have been solely about quality of code and ecosystem. The team was auditing and ensuring that the ecosystem is as clean and secure as possible. So again, as Jeff explained (linked in my response) launch timing was based on getting everything right, since there is only one chance to do so.
See his responses here:
https://t.me/metronometoken/68364and here:
https://t.me/metronometoken/76180The attention to detail and commitment to delivering the best possible cryptocurrency protocol and ecosystem for Metronome is more important than an arbitrary date. There's only one chance to get it right with an autonomous, self-governing cryptocurrency like Metronome.
Also, as the code is updated following audits, it is important to ensure that those changes do not effect other parts of the code in unexpected ways.
However, we were pleased to announce the _set date_ of June 18.
https://twitter.com/MTNToken/status/996486420356362241?s=09Tl;Dr: like the medium page explains, Metronome authors receive none of the proceeds from any of the auctions. Previous postponements were due to intensively auditing the code and the ecosystem entirely to make sure everything behaves as expected at launch. There's only one chance to get it right since Metronome will be self-governing (by design) once launched and out of the control of its creators. I suggest reading the resources available on metronome.io.
edit: greater clarity