CoinMetro’s Token Sale Raises Over $4M in 12 Hours After Going Live

| Updated
by Andy Watson · 3 min read
CoinMetro’s Token Sale Raises Over $4M in 12 Hours After Going Live
Photo: CoinMetro

Blockchain startup CoinMetro, promising all-in-one solution aiming to maximize client value, raised $4 Million in the first 12 hours of their ICO for XCM coins.

The CoinMetro project raised over $4 million within first 12 hours after launching their token sale for XCM, that began on February, 21. This makes it one of the most impressive debuts for a token generation event to date. In such a way, the financial backing, which CoinMetro has rightfully received, gives the project quite a good opportunity to live out their vision.

However, this is not the first case when the project’s token sale turns up to be a success – CoinMetro already underwent a pre-sale, during which it managed to raise as much as $10 Million.

This time CoinMetro project has entered a new stage of pricing, creating a true bonus program, described below:

  • 100M XCM Sold – 8% TBPR 1 + lifetime CM discount 2 +0.01 price increase;
  • 150M XCM Sold – 11% TBPR 1 + 0.01 price increase;
  • 200M XCM Sold – 14% TBPR 1 + lifetime pre-pre-token sale invites +0.01 price increase;
  • 250M XCM Sold – 17% TBPR 1 + lifetime FXPIG discount 3 +0.01 price increase;
  • 300M XCM Sold – 20% TBPR 1;

* “TBPR” stands for “Token Buyback Program Reserve” – Further details available in the whitepaper here.

Where are the Funds Going?

CoinMetro aims to allocate the funds generated during the token sale events to various areas of the project. 40% of the total raised will go to Platform Development and HR; marketing services will be covered by 30% of the sum; 20% will be used for War ches -; possible buyouts, takeovers, acquisitions, etc; and the remaining 10% will go to legal, compliance, and regulatory.

The total XCM distribution, which has a cap of 500 Million, is split to keep the ecosystem and value of XCM tokens prosperous. 50% will be distributed through Token Sale; 20% – Liquidity; 10% will go to CoinMetro Team & Shareholders; 7.5% to Community Rewards; 2.5% of the sum will be used for Advisor Compensation; and 10% will be distributed during the Public Pre-Sale.

What’s so Special About this Project?

The CoinMetro project contains some of the most accessible and intricate features available on any cryptocurrency platform. It has been designed to fit the need of users, traders and investors with traditional financial solutions.

One of the platform’s most interesting features is its peer-to-peer crypto exchange through a time-locked smart contracts called ‘Atomic Swapping’ – which remove third party fees and control from two-way trades. CoinMetro also allows investors to earn a passive income through lending, which is a feature no one wants to miss out on.

CoinMetro has managed to capture the attention of many investors as showed by their current success. There is a serious level of support backing this project, which highlights the potential that many see in it.

The CoinMetro token sale is still live and will continue until the 31st of March 2018. There are still millions and millions of tokens that need an investor, so be sure to invest now with a price of $0.15 before the unsold tokens are discarded to preserve the price of the XCM.

Blockchain News, News, Token Sales
Related Articles