FAILDEX失樂園
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Metatime

The business, the turning points, and the decisions behind them.

FundingUS$21M
Some sections are still being researched2 / 4

Sections to complete:02 · 05

01 / WHAT IT BUILT

What the company did

Metatime was a Turkey-based crypto project founded by CEO Yusuf Sevim around 2023, marketed as a 'freedom project' aiming to build a cryptocurrency ecosystem around its MetatimeCoin (MTC) token and a planned crypto exchange. It ran a large MetaAirdrop campaign in 2023 that drew more than 350,000 supporters within six months and made headlines when Twitter banned over 100,000 accounts linked to the campaign for retweeting Metatime messages - prompting the #FreeMetaTime hashtag and a personal appeal from Sevim to Elon Musk. The project raised an $11 million seed round. In December 2024 Bitget suspended withdrawal services for the MTC-MetaTime network while trading continued. No dated shutdown of the Metatime project itself was found.

02 / FAILURE REASONS

Pending assessment

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03 / EVENT HISTORY

Events in the structured record

  1. Launched

    CEO Yusuf Sevim launched Metatime, a Turkish crypto project centered on the MetatimeCoin (MTC) token and a planned exchange; a $11 million seed round was raised.

  2. Airdrop controversy

    The MetaAirdrop campaign gathered over 350,000 supporters but led Twitter to ban more than 100,000 linked accounts, sparking the #FreeMetaTime campaign.

  3. Network pause

    In December 2024 Bitget suspended withdrawals for the MTC-MetaTime network while trading continued.

  4. Status

    No dated shutdown of the Metatime project itself was found.

04 / CONTEMPORARY REBUILD ASSESSMENT

Difficulty of rebuilding this project today

Material for this section is being gathered and checked. It will appear here once ready.

Rebuild difficultyPending assessmentNot completed
Scoring basisNot completed
ScalabilityPending assessmentNot completed
Scoring basisNot completed

Overall assessment: Not completed

05 / CAUSAL CHAIN / AFTERMATH

Pending assessment

Material for this section is being gathered and checked. It will appear here once ready.