Peer Mountain, the cross-chain identity trust platform, has today announced that it will be postponing their token generation event due to current market conditions. Peer Mountain today announced the difficult decision had come after much thought.
In a statement released by the company, Jed Grant, Peer Mountain CEO and Founder, stated that:
“We believe this to be the best decision for the company and token participants. In the interim, the team remains fully focused on factors within our influence and are dedicated to bringing Peer Mountain to production. We will continue to develop product and will focus on core areas during this period. We will continue to update our supporters and community as we hit milestones in these areas and will share information shortly.”
Peer Mountain is focussed on ensuring that the project is the best that it possibly can be in time for the public sale. The project aims to focus its effort on three main areas of the business: technical development, partnerships, private sales and whitelisting. Whilst the public sale is postponed, Peer Mountain will further develop these areas to ensure that they are a more secure position for the sale reopening.