Here is my quick overview of an upcoming token sale I like called CoinMetro and why:
Crypto exchanges are making all the serious money.
They are selling the shovels in the gold rush.
If you look at the current markets, they charge exorbitant fees.
We need some mature professionals to enter into the crypto exchange business and level the playing field...
Enter CoinMetro.
-The team is experienced from a Forex background running a company called FxPig. Which is still operating after 7 years.
- They have built matching engines before with FXPIG, using their own trade tech.
- You can directly talk to the CEO on telegram and he responds with voice messages.
- They will not only be an exchange but have features such as TAM - tokenizied asset manager, ETCF - electronically traded crypto fund, and ICO express - Ico vetting and launch platform.
- Standard fees across the platform is 0.1% (much better compared to most exchanges). Also, the CEO has said he wants to reduce the fees over time. Crypto deposits and withdrawals will be free of charge, outside of any blockchain fees.
- The exchange Beta Platform launches in late March/ early April.
- Day 1 after launch they will have the top 5 cryptos based on market cap. Day 30 top 10. Day 60 top 20. Then they will let clients vote. They expect top 100 after 6 months.
- They know how to make user-friendly interfaces for masses. Take a look at their website
- They will have decentralized aspects including atomic swaps.
Token Economics:
The token has simple, clear use cases. XCM tokens are used similar to Binance tokens. They are used to pay fees on trades. Also, a portion of the fees are burned between 1%, 5%, 10% or 33% on each transaction. Additionally, the more tokens you hold, you will receive a proportional level discount on trades. Also, the company has a token buy back program with up to 20% of profits. This means every quarter they will buy XCM tokens on the open market with 20% of net profits.
Token sale info:
- Main token sale opens February 21st at 00:00 UTC
- Tokens will begin at 0.11 EUR per xcm increasing by 0.01 EUR per xcm for every 50M xcm sold till the final pricing tier of 0.15 EUR per xcm.
- 35M EUR hardcap
- 300M xcm sold in the token sale. 500M xcm max supply.
- Accepted contributions: BTC, ETH, LTC, BCH
- Minimum contribution: 0.1 ETH or equivalent.
- No whitelist. Just create an account at the Coinmetro website.
Relevant links:
Website
Telegram
Whitepaper
AMA with the CEO Kevin Murko