CoinMetro's XCM Staking Program offers long-term sustainable, secure, and easy-to-use passive income opportunities for all users! All it takes is a minimum of 1000 XCM and a few clicks to start earning a passive income.
What is XCM?
XCM is the native utility token of the CoinMetro exchange, adding utility to its holders and it is tied into all products and services of CoinMetro. XCM holders can stake their tokens on CoinMetro’s staking platform to earn more XCM whilst also reducing the supply of circulating XCM in the market!
More in-depth information on XCM can be found in our Help Center article here.
How to stake XCM on CoinMetro
Firstly, from your CoinMetro Dashboard, you'll need to select Earn, and then XCM Staking. This will bring you to the XCM Staking platform.
With at least 1000 XCM available in your CoinMetro account, you can open a staking plan with the click of a button. XCM can be bought and sold on the CoinMetro Exchange!
You can open a staking plan by simply selecting Get Started and you can start earning a passive income by staking your XCM tokens. If you do not have 1000 XCM available, you will be prompted with a pop-up to buy XCM.
You will then need to choose how many XCM you would like to stake, and for how long. The longer you stake for, the higher the rewards will be!
The amount of XCM you stake will also determine which tier you reside in. You can find more information on XCM Tiers here.
Once you are ready, simply press Confirm to start staking your XCM!
The APR for XCM Staking is as follows:
1 month - 1.0% APR
3 months - 1.4% APR
6 months - 1.8% APR
1 year - 2.5% APR
XCM Staking plans are flexible, which means even when the plan reaches the closing date, you will continue to earn rewards until your plan is manually closed.
Please note, the APR for staking is variable. Please ensure you have thoroughly read the XCM Staking Program Agreement before confirming your plan.
Claiming your rewards
The rewards for staking XCM are accumulated daily! By clicking Cash Out Now, the pending rewards are moved to your available wallet balances, with a matching entry in your transaction history.
Ending a staking plan
You can end your staking plan by simply pressing the Close button. Ending your staking plan early comes with a penalty. 50% of the total paid rewards for the plan will be deducted from your staked XCM. A confirmation popup will display the penalty applied before you choose to confirm.
Congratulations, you're now earning a passive income with us!