/biz/ - Business & Finance

>>22162561
Honestly, this is great. Goes to show that despite the current DeFi yield farming rush/bubble, there still remains a place for traditional finance items to be tokenized and propelled into the future as crypto gains more and more adoption. It helps that Coinmetro advertises itself as a tax-compliant and newbie/boomer friendly platform even if it's within European communities and markets at first. Still, betting on Coinmetro now is hoping that they manage to establish an online presence to rival Binance's or Coinbase's, which are losing steam against DEXes, especially Uniswap.

I seriously hope that this approbation by the blindfully unaware SEC followed by USD integration in the following weeks combined with a strong marketing effort will finally solve the major issue with Coinmetro and the XCM token by association : the whole thing isn't sustainable to begin with. I can count the entire user base of coinmetro with 4 hands worth of fingers. Daily volume is astonishingly low, revealing the flaw: it's just a smokescreen to hide that it's actually a ponzi/money laundering scheme, which has now been proved by crowdfundinsider in this article :
https://www.crowdfundinsider.com/2020/06/162671-billions-of-dollars-in-illicit-cash-allegedly-laundered-via-danske-bank-with-help-of-licensed-crypto-firms-in-estonia
XCM cannot be valued above 10 cents. XCM holders are now tasked to try their best to recruit as many people as possible into the exchange to keep the money and the rewards flowing in, otherwise the house of cards inevitably falls upon itself without warning as soon as the tokens bought by Kevin Murcko/the exchange ALL GET SOLD AT ONCE to break even. Let me repeat myself here : the XCM token CANNOT be valued more than 10 cents per token, if not less.