XCM is CoinMetro's own ERC-20 token, issued via the Ethereum blockchain.
How is XCM used?
CoinMetro charges a base-rate 0.1% on all transactions on the platform and a percentage of each fee payment will be burned 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 burned (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 ICO related services through the ICO Express gateway, are paid in XCM.
TAM and ETCF tokens are also priced in XCM. Tokens generated through our ICO Express 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 referalls, and the refferals of refferals and it goes on (up to the third level)
For more on our Ambassador Program benefits click here.
Final Total Supply details:
The total supply was 500 million XCM, of which 300 million where 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, and burned)
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 other questions for us, please don't hesitate to contact us.
-CoinMetro's Customer Support