CoinMetro Token (XCM) is the proprietary token of the CoinMetro platform. As per the whitepaper, CoinMetro is designed to be a one-stop solution for the digital economy with fully stocked financial services and products. The CoinMetro ecosystem seeks to consist of four main components for cryptocurrency users which include the following:
All of the above services seek to be offered via a secure and streamlined web application fully integrated with the leading blockchains. The platform initially caters to retail customers only but seeks to serve the institutional segment once solid liquidity is established in the order flow of CoinMetro.
The platform intends to have a dedicated customer support center and a thorough documentation process in the near future. The CoinMetro platform also seeks to have a security program in place for the users to have trust and confidence in CoinMetro’s custody of their data. The platform is in the process of getting the certification for the same and implementing it thereafter.
As XCM is the native token of CoinMetro, XCM holders are offered discounts on fees based on the overall holdings, with more tokens seeking to ensure a higher discount.