Topic: XCM exchange token - page 2. (Read 523 times)

Kevin Murcko, CEO of CoinMetro is now live in an AMA:
https://www.youtube.com/watch?v=UNLP7vQldlU&feature=youtu.be

Well that's part of the regulatory aspect, it's not a coincidence that there was an US hearing about crypto etc, the regulatory landscape for crypto is changing.
Binance won't be able to operate this way much longer, as they definitely enable money laundering and as crypto grows, regulation will have to come in.

Sooner or later this type of KYC will be necessary on your favorite exchange, and this might be sooner than one thinks!
Good to get setup in a fully regulated exchange as soon as possible.


Tier 1 allows crypto deposits/withdrawals and require ID/phone
Tier 2 allows fiat deposits/wtihdrawlas and requires proof of address -> should allow roughly 100k € withdrawals per month(higher/lower depending on country risk level)
Tier 3 limits is only based on providing source of wealth so there are no limits essentially.



XCM use

Every single fee-inducing trade on the platform automatically market-buys equivalent XCM as fees, so it's similar to BNB except it's not optional.
This means that with volume growth so will the XCM buy pressure grow.
Also other usecases such as lower fee %s and similar.



More importantly CoinMetro is working on a CSD/MTF (more in depth information can be found on the weekly AMA summaries https://coinmetro.com/blog/ )
This will create a regulated tokenized securities market and that is huge.

Correct you had a point no need to implement kyc because people investing in crypto want to become anonymous. Implementing limit withdrawal is the best to avoid laundering. Good for your project.



And follow this recommendation putbyour thread in the right place.

Why is it so difficult to find the time movement in the market? As far as i know, it looks like you have changed your business plan and is it true?
If that requires KYC verification even for a new account to get at least a small daily limit and there will be no a lot of people will try to use it. that's why some exchange sites are not implementing it again right now.
How much limit for each account? what will be the benefit from XCM?

I think this should be on Exchanges or to Service Announcements (Altcoins).

XCM is the underlying token powering the CoinMetro exchange.


CoinMetro's new program offers 5 EUR in crypto to you when you sign up and make a deposit.
this can be withdrawn in crypto or euro.

Inviting your friends will give you and your friend $6!


10-50% of all fees will result in market bought XCM. (10-50% depends on a formula so it will vary)
upcoming passive income launches: TraM (TAM, trade mirror a manager)
Margin posting(margin lending)
debit cards
direct fiat deposits/withdrawals


this blog post
they're building a CSD for the first true tokenized securities market.
and coinmetro will be the first trading facility for this.
meaning people will come in to CoinMetro to buy Tokenized securities



The CoinMetro exchange is offering a deposit bonus currently!

CoinMetro is a regulatory friendly exchange with a lot of good features:

CoinMetro's XCM token is tied in with all fee functionality of the platform, and a lot of utility.
Currently, a 50 XCM bonus is given on the first deposit!

Best fees in the market! 0.075% taker fees and get paid 50% as as maker.