What is the XCM token?
The XCM token is the CoinMetro exchange's native cryptocurrency. It is an ERC-20 token. Your XCM tokens can safely be stored in your CoinMetro account, but it is also possible to withdraw your XCM to any ERC-20 compatible wallet. We advise against withdrawing XCM as it serves no purpose outside of the platform, and increases the risk of loss.
What is the purpose of the XCM token?
The purpose of the XCM token is to offer benefits and value to CoinMetro users, and to continue expanding the use cases with all of CoinMetro's existing and upcoming products.
What are use cases of XCM?
The most important use case for the XCM token is that it is directly tied in with the platform activity, and automatically contributes to the demand of XCM:
- 100% of all fees on the platform will be used to purchase XCM directly from the market, on a regular basis.
- 1-50% (based on different factors) of each XCM fee conversion will be vaulted for 4 years, taken out of the circulating supply. As platform usage increases, so will the demand of the XCM token.
For a more in-depth explanation of the fees conversion and vaulting, refer to "How does the XCM vaulting work?".
Rebates - to get the best trading benefits
By locking XCM in a rebates tier, you will be paid maker fees, and be paid back a portion of your taker fees. Also, enjoy benefits like starting your own private TraM and reduced TraM performance fees. Unlock the XCM at any time.
Affiliate - the best affiliate program in crypto
Enjoy 40% of your referrals' trading fees paid to you instantly in XCM. If your referrals invite someone, you will also earn 10% of that referral!
Upcoming (Quarter 1 2021 Roadmap)
- Margin Collateral - use XCM in your margin trading
- TraM/Copy Trading Collateral - allocate XCM to a TraM
Upcoming (no timeline)
- CoinMetro Merchandise Store - XCM payments on the way
- Margin Posting - post XCM for others to use in their margin trading, be paid a fee
XCM trading pairs on the CoinMetro exchange
CoinMetro will not pursue a listing of XCM elsewhere. XCM is CoinMetro's native cryptocurrency and it has no utility outside of the CoinMetro platform.
XCM - ERC-20 token details
Contract Address: 0x36ac219f90f5a6a3c77f2a7b660e3cc701f68e25
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