XCM is CoinMetro's own token, issued via the Ethereum blockchain in the ERC-20 format, but dont let that common format name make you think is common.
How is XCM used?
CoinMetro charges a base-rate 0.1% on all transactions on the platform. In the future we intend that a percentage of each fee payment will be locked on conclusion, which ensures that supply goes down as trading volumes go up.
In order to create a strong long term value proposition for XCM, we intend that 1%, 5%, 10% or 33% of each fee payment will be locked for a long time (5 years or more, and to be decided, depending on our needs).
As usage of the platform accelerates, and volumes increase, the availability of the XCM token will diminish, thus decreasing supply and helping to maintain a competitive economic model for XCM.
All fees payable to CoinMetro, either on our exchange, via our platform vehicles, such as the TRaM and the ETCF platforms, or for our CoinMetro Direct related services through the CoinMetro Direct gateway, are paid in XCM.
TRaM and ETCF tokens are also priced in XCM. Tokens generated through our CoinMetro Direct Platform will be purchasable in XCM at a discounted price.
Named after the International code X and CM for CoinMetro. This is our native exchange token. It is used to greet new comers that complete KYC and is also used to pay the exchange fees, and therefore a fraction of all of those as referalls, and the refferals of refferals and it goes on (up to the third level of recomendations!)
For more on our Ambassador Program benefits click here.
Final Total Supply details:
The total supply was 500 million XCM, of which 300 million were on sale.
Total COIN Distribution Breakdown:
The circulating supply is currently around 127M.
50%- Through the token Sale - 127.8M was sold and minted.
(172.2M not ever minted)
10%- Public Pre-Sale (accounts for 50M)
20%- Liquidity (100M)
10%- CM Team & Shareholders (50M)
7.5%- Community Rewards (37.5M)
2.5%- Advisor Compensation (12.5M)
Total supply 327.8M. *Not all available to the market.
If you have any questions about this, or any other CoinMetro related topic for us, please don't hesitate to contact us.
-CoinMetro's Customer Support