What is the XCM token?
The XCM token is the CoinMetro exchange's native utility token. It is an ERC-20 token. Your XCM tokens can safely be stored in your CoinMetro account, but can also be withdrawn to any ERC-20 compatible wallet.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 is the utility of XCM?
The main utility 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, meaning automated demand for XCM scaling with platform growth.
1-50% (based on different factors) of each XCM fee conversion will be vaulted, taken out of the circulating supply.
For a more in-depth explanation of the fees conversion and vaulting, refer to "How does the XCM vaulting work?".
Account tiers - great benefits for XCM holders
Locking XCM in an account tier comes with various benefits such as XCM paid back to you as you trade, a higher interest rate for the staking programs and for the CoinMetro Bond, and more. The tiers structure will be continue to be tied in with future products and features.
XCM can be unlocked from an account tier at any time. There is no risk, loss or negative aspect to lock XCM in an account tier.
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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