Place/Date: Hong Kong, HK - February 21st, 2018 at 6:08 pm UTC · 3 min read
Contact: Myles Claffey, Source:
CoinMetro is on a mission to bring traditional financial products to the crypto markets. The platform is designed to be accessible, fast and to provide users with a variety of ways to engage in unique digital asset investment opportunities, whilst paving the way for regulation.
“Crypto mass-adoption can only become a reality if we are able to simplify access, made possible with the help of traditional financial partners – mainly banks, and those relationships are only feasible with regulation. The anarcho-capitalist dream of a completely autonomous monetary system, at least given the current global financial ecosystem is, for the near term, effectively dead. Regulation is a given, what we as a community need to ensure is that we are a part of the regulatory process at all levels – if we are not… we risk getting regulated out of the very industry we helped create.” – Kevin Murcko, CoinMetro CEO
One feature that CoinMetro are implementing is Atomic Swapping – a feature which will give rise to extreme market flexibility, crypto-sovereignty and further decentralisation. Atomic Swaps use time-locked smart-contracts that act like a timed escrow between two parties, removing exchanges or another third-party intermediaries from the picture for traders of all shape and size.
CoinMetro are offering super-low fees, at a rate as low as 0.075% per transaction, with plans to go lower still in future. This industry-leading fee level will benefit traders of all types, and when coupled with the maker commission-share, will attract institutional and large investors, marrying in with CoinMetro’s long-term view of adopting regulation.
On the platform users can also benefit from a lending feature which is designed to provide investors with a passive crypto income. Other features on the CoinMetro platform include but are not limited to: A direct payment process (Fiat to Crypto), Crypto-debit card, an ICO Express platform, secure cold storage for funds and much more.
The CoinMetro Token Sale kicks off on February 21st, 21:00 UCT, and will continue until the end of March. During the sale, 300,000,000 COIN will be available, with all unsold tokens being burnt to preserve token price. COIN price will start at €0.11 ($0.14), increasing by €0.01 per 50,000,000 COIN sold, to a maximum of €0.15 ($0.18).
The core team have worked for 6 years together at Forex broker FXPIG. Spearheaded by CEO Kevin Murcko, who has decades of financial and business acumen including running highly successful Forex brokerage FXPIG. A couple other names include CFO Sylvain Legay and CTO Salvatore Cunsolo.
Advisors include Reuben Godfrey (In the Top 5 Advisors, as per IcoBench), James Waugh, an expert in token economics from Blueblock, Dr. Paul Ennis, a philosopher who writes regularly for Coindesk, and Danny de Gier, a compliance and AML expert with 15 years of working with large financial institutions like HSBC, RBS, and Commerzbank.