Place/Date: Hong Kong - March 11th, 2018 at 8:17 am UTC · 3 min read
Contact: Myles Claffey, Source: CoinMetro
CoinMetro have been having a particularly exciting TGE (Token Generation Event) period in which they explosively raised $4 Million USD within twelve hours of the TGE going live. CoinMetro have raised over $14 million USD since going live on February 21st; the CoinMetro vision is being realised by the public and industry figures alike.
There are reasons why CoinMetro is being received so well other than its astounding financial success – CoinMetro is offering a financial exchange platform like no other and has two particularly large goals that if achieved will transform the way we engage with our cryptocurrency forever.
CoinMetro is well aware that should it wish to have its Blockchain/traditional hybrid financial services adopted by the masses then it is essential that they fulfill the need to maintain strong relationships with payment gateways, banks and traditional financial institutions, whilst adhering to regulatory frameworks. CEO Kevin Murcko’s creation of successful company FXPig has offered him and the CoinMetro team unprecedented insights into success throughout an entire market lifecycle, whilst remaining at the forefront of industry change.
CoinMetro is taking action to operate as a registered eMoney institution immediately upon the launch of their exchange, requiring multiple licenses to be able to operate in multiple jurisdictions in order to comply with the regulatory environment, keeping the harsh scrutiny and scepticism of governments and institutions at bay. By doing this, CoinMetro not only recognises, but excels in efforts to realise the long-term goal of mass-adoption.
“The crypto space is evolving at a feverish pace, expanding into an ever growing list blockchain-ized industries, however the industry is still not what I would consider mature. Like most industries that begin to expand quickly into the public consciousness it needs some structure, some guidance… essentially we need regulation, but we need a regulatory framework that helps us retain the innovative spirit of the space while helping us to protect the consumer and open doors to the traditional financial institutions, like banks, which will be a huge push toward mass adoption. The one caveat is that the industry needs to be a part of that framework or we risk getting regulated out of the very industry we helped create.”
said Kevin Murcko, CoinMetro CEO
The CoinMetro platform has robust tools that brings traditional financial services and solutions to the crypto-markets; tools such as the crypto lending feature that enables users or investors to generate a passive income and Atomic Swapping, a time-locked smart-contract that keeps third party intermediaries and their fees out of two party crypto-exchanges. CoinMetro also offer some of the lowest fees available – as low as 0.075% per transaction.
The CoinMetro Token Sale began February 21st, 21:00 UCT, and will finish on March 31st with 300 Million XCM available during the sale. All unsold tokens will be burnt to preserve the price of XCM after the token sale. The current TGE price of XCM is $0.15. The bonus and pricing structure for the TGE is as follows:
100M COIN Sold – 8% TBPR 1 + lifetime CM discount 2 +0.01 price increase
150M COIN Sold – 11% TBPR 1 + 0.01 price increase
200M COIN Sold – 14% TBPR 1 + lifetime pre-pre-token sale invites +0.01 price increase
250M COIN Sold – 17% TBPR 1 + lifetime FXPIG discount 3 +0.01 price increase
300M COIN Sold – 20% TBPR 1