What Is CoinMetro (XCM Token)?
This is a new ICO that we will take a longer look at. There is more information you can read on the whitepaper that you can see on the website. This is a new ambitious ICO that deserves a closer look from anyone in the cryptocurrency space.
How Does CoinMetro Work?
The ICO is a looking to create a platform that is targeting people in the financial services sector and trading, asset management as well as an all-in-one mass market apparently. There is a developmental phase that is happening right now, and the concept for it has been based on the knowledge of some very experienced and key investors of forex, FX-PIG, with various broker licenses. There are also some partnerships occurring because of the startup that are helping to build the new platform.
The HQ location of the new CoinMetro ICO (XCM Token) is in Honk Kong. And the main base of operations in the United States is located in Georgia. CoinMetro is backed by Vanuatu – a licensed forex broker for FXPIG that is close to Australia. And the company is said to have a massive community that is ideal for anyone looking to get involved with the platform.
CoinMetro (XCM Token) is here to give users a great avenue to a marketplace that is accessible to everyone and anyone. It’s ideal for newbies as well as veteran professionals who are looking to start trading in cryptocurrency in a completely supportive and reliable financial platform. It is said to operate through an ecosystem has been setup with a token. The new tokenized environment is a trading platform, is ideal for those in the professional asset management program and ETFs. It will also let users invest in an up-and-coming ICO.
An experienced forex is who came up with the idea for the CoinMetro platform. The company came from was the FXPIG one I mentioned earlier. The company was originally founded in New Zealand and no is intended to incorporate the cryptocurrency world with the brokers world.
The company has a newly developed revenue model that is said to be extremely easy to use and ready for mainstream use:
- Exchange – A quick and simple, safe place to trade, buy and sell cryptocurrency
- Trading – A new trading ecosystem, user focused and designed for people of all levels of experience
- Investment Platform – An Innovative investment model, complete with diversification options and ETCFs – managed with TAM
- ICO Express Framework – Use Smart Contracts to launch specialized tokens with a click or two
TAM – Tokenized Asset Management, this is based on a successfully managed account started back with FXPIG. TAM is setup to allow anyone to partner with up with others with a pro trader in order to make their portfolio bigger
EXTFs – Electronically Traded Crypto Funds
Coin Metro is attempting to build a massive financial platform complete with quality features typically reserved for brokers. By doing this, the four parts of the system has its own token, called CXM. It will be used for various elements within the platform, CoinMetro will charge a percentage for operation at the realm of 0.1% for a revenue fee. It will operate on all levels of the exchanges operations. As well as all TAM Token purchases of sales, made on ETCF Buys, and all ICO Express Token Purchases.
Platform rates are charged in the base money of the current operation in function, then converted on the exchange and paid out in XCM tokens. It will in turn increase the demand for the tokens as the platform grows in usage.
As the project takes on more shape, users can explore different avenues of the tokenization when it comes to assets and services. Coin Metro is set to be a leading company in the realm of financial services. The company will offer their ICO on an interface for simple distribution of the tokens They will be released through the ICO Express platform, and this will also help to bring liquidity to the Ethereum based ERC20 space on the exchange and ETCT system.
As the company states, it wants to stand apart from the rest by integrating as many services into the platform as possible that are relevant to the industry. They will then leave the regular market in the dust, and at the same time be able to compete with the other cryptocurrency trading platforms.
There are many other extras available on the platform as well. They are installed to help separate the company from the other competitors. But on the other side, there are a lot of new elements never used that may prove to be challenging to create.
CoinMetro is creating a new technology, with a clear concept of what they want to do. They are even working with other third-party companies like BitGo. And regardless of the working parts being at a minimum as of now, products will still be made. And the company will have several different elements within the company for its users:
This is a new wallet that will be used by clients for the holding, depositing and withdrawing of virtual currencies by the capitalization of the market. Coin Metro will also have a support system setup for other wallets as well with more assets being added a regular basis. This also includes functionality with the new ERC20 tokens that are the base of the EFTC platform.
CoinMetro will also include in their system, the ability to handle much larger cryptocurrency deposits through the use of temporary wallets. And behind that will be the temporary wallets content being moved to a cold storage wallet for storage. This will be achieved thanks to the partnership with BitGo, already an industry leader in multi-signature and currency wallets. CoinMetro plans to give users an easy to use, safe and secure service platform via BitGo’s multi-signature technology.
Typically, crypto exchanges have been somewhat centralized with assets being held at an exchange for clients. The shift to a decentralized platform has started already and Coin Metro is taking a hands-on approach to all the technology making it possible.
The tam uses several different applications to and is ideal for massive atomic swaps across multiple chains with effective communication that will be ready to move the industry forward. The company will also make P2P exchanges for using smart contracts that are free from any third-party interference in order to verify a transaction.
CoinMetro is a new platform that is being developed with tools that are designed on the NEM blockchain. It is a private blockchain that will be used for the distribution of information that needs to be kept safe and secure, ensuring that data will be immutable.
And even then, if data on the system is compromised, there is a full NEM backup that will have 100% of the blockchain kept in tact to record any data and verification statuses that have occurred within the platform.
What Is The ICO On Coin Metro?
Coin Metro has an CIO that is designed to fund the financial platform and ecosystem. The company who founded them, FXPIG is lending CoinMetro seven and a half million dollars to the ICO. This happened at the end of the year in 2017 and is said to be paid back in full by CoinMetro in the years that are soon coming.
The coin is called the XCM and has a total supply of 500,000,000 as well as a hard cap of 35,000,000 operating on the ERC20 Platform. The token is said to be a unique token to be used as the digital asset that will power the platform of CoinMetro.
Who Is Behind CoinMetro (XCM Token)?
The platform is being designed with the stability needed for the blockchain market and to help operation run smother with the all to common highs and lows that occur within the cryptocurrency industry, like those of late 2017. It will also deliver a more suitable and stable market, predictable and closer to exchanges used for fiat money.
Kevin Murchko is the CEO, Timur Khakimov is the Lead Developers and Anton Crobjin is the Senior Blockchain Developer. They are only three of the members on the team consisting of eleven specialists in the cryptocurrency space.
Not only that, but there is also a large group of advisors who are supporting the company. In total, seven others are helping with the project and ensuring it moves forward. The FXPIG relationship is essential to CoinMetro, which is why they have a crossover team of members who understand the technology and revenue that FXPIG has. Coin Metro is looking to bring new technology, industry experience, proven models and the entire CoinMetro platform.
FXPIG was the first company to push for transparency and is designed to truly focus on their client’s profitability. They are also looking to keep their goals in close alignment with their own. And not like others, FXPIG actually works. Coin Metro wants to bring FXPIG’s level of functionality to the market place.
CoinMetro ICO (XCM Token) Conclusion
With the ICO of the company, they’re likely to hit their hard limits. And that means investors will have the opportunity to buy tokens with a huge discount. They’ll gain a substantial position when making groundbreaking moves in the cryptocurrency world.
CoinMetro seems to be a smart company that has massive potential for reaching the world of its users who need a quality financial platform. Even if you don’t feel that CoinMetro is for you, you’ll likely see it pop up on CoinBase soon enough because of the team who is pushing the project forward.