>>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