/biz/ - Business & Finance

Who else here is holding XCM?

XCM's price has stabilised for now at 3 cents. USD listing hasn't done much yet and neither has the CM bond.

CM as an exchange is starting to look more like a great product, but without the awareness. If marketing ever picks up steam, XCM could as a result skyrocket.

>>23532289
no :)

>>22177303
Why should XCM increase in price?
XCM is used for every transaction on Coinmetro.com
Details: https://coinmetro.com/blog/xcm-ecosystem-full-token-utility/

For a trade of 1000€, 0.1%, therefore 1€ is marketbought in XCM and given to the exchange.
50% of those 1€ worth of XCM are burnt, 50% are kept as a fee for Coinmetro.

Coinmetro team predicts that sustainable volume will be reached in February 2021
Example: With a daily trading volume of 5 million € daily
5 million daily means 5000€ of buys Daily
So per year, 1.825.000€ (5000*365) of xcm are bought and burnt.

With a price of 0,10€, this would mean 18,250,000 XCM (nearly 10% of max supply)
In comparison, BNB has burnt 10% of max supply since it’s start in 2017

Therefore, the price has go up hand in hand with volume, because no one would sell when such a price pressure consists.

When Coinmetros volume reached 100 million € daily, it’s 100k€ per day, 36,500,000€per year.
With a price of 10€, this would result in a burn of 1,6% per year, which is a reasonable amount.

Then add tokenomics of people holding off XCM for cheaper fees- 10k xcm for lowest fee rebates, 50k XCM for highest rebates. With 1000 people holding 50k XCM for cheaper fees (and long term hodl), 25% of max supply is gone, resulting in even more shortage.

Then add all the people holding XCM for profit. With these numbers, everyone will jump on the XCM bandwagon and hold as long as possible, this will further drive the price.

Furthermore, XCM is planned to be used as collateral for Copy trading and collateral for Margin lending+ posting soon. This will increase the use case further.

If CM delivers and reach a lot of volume, 10+€ is easily possible. 1€ until End of 2021 is inevitable

XCM confirmed a marketing budget of 350k $

We're going to hit 10x until End of September, guys.

https://app.uniswap.org/#/swap?inputCurrency=ETH&outputCurrency=0x44e2ca91cea1147f1b503e669f06cd11fb0c5490

What does Coinmetro offer?
XCM is the exchange coin used for Coinmetro.com. It's marketcap is currently around 9 million $

It's a regulated exchange based in Europe
The CEO is former CEO of FXPig, a FX Broker with customer support

Coinmetro launched in 2019 and has built their product since.

They offer direct FIAT onramp to several cryptocurrencies, handpicked by the team.
USD is still missing, it will be supported in September. The application for a regulated exchange for USD is a long processes, therefore it took a while.

They offer the following services:

Fiat/Crypto trading

Margin trading x5 (more coming)

Copy trading
You can chose between experienced traders, they will trade your € or BTC and increase the value.
The most successfull traders made 26% this year. on top of BTC gains itself.

Security Marketplace
Traditional financial market investment. Basically bonds with a % return of your income. Range from 5-11% p.a.
Real estate investment, company shares
Additional advantages available for high investments
Why should XCM increase in price?

XCM is used for every transaction on Coinmetro.com
Details: https://coinmetro.com/blog/xcm-ecosystem-full-token-utility/

For a trade of 1000€, 0.1%, therefore 1€ is marketbought in XCM and given to the exchange.
50% of those 1€ worth of XCM are burnt, 50% are kept as a fee for Coinmetro.

Example: With a daily trading volume of 5 million € daily
5 million daily means 5000€ of buys Daily
So per year, 1.825.000€ (5000*365) of xcm are bought.


XCM can be locked to gain discounts on trading fee
You can save up to 20% of trading fees if you lock between 10.000 - 50.000 XCM

XCM will be used in the upcoming Coinmetro debit cards

Coinmetro shills are retarded. XCM is doomed to fail, nobody wants to buy in CEX anymore. All of the action happens on Uniswap, Mooniswap, and soon XSN will follow. You yuropoors bagholders will try and cope as much as you can but this is true. XCM is doomed to fail. In one month you'll realize that i was right

>>21874540
It's 10x all over again like PRQ

strap in boys

>>21856228
best opportunity 2020

>>21851862
no u

xD xD xD xD

hodl hodl hodl hodl

>>21850819
are you ready to moon?

>>21832040
we'll make it

>>21830609

>>21815300

>>21814007