What is Coinmetro Token? Coinmetro Token (XCM) is an Ethereum-based token used on the cryptocurrency exchange Coinmetro. cryptocoin.com In this article, we answered questions such as what is Coinmetro, what is Coinmetro Token, what is XCM for, how to get it. Let’s examine XCM, an exchange token like BNB and CRO, together.
What is Coinmetro?
Before moving on to the token, let’s get to know the Coinmetro exchange a little bit. Coinmetro is an Estonia-based cryptocurrency exchange that has been active since 2018. This exchange has a modern and user-friendly website. It also helps its customers with a good support team. The exchange’s customer service is available 24/7 and the average waiting time is 5 minutes. However, the crypto exchange supports leveraged trading and margin trading. The exchange lists most cryptocurrencies with blue chips, such as Bitcoin and Ethereum.
What is Coinmetro Token?
Coinmetro Token (XCM) is the utility token of the aforementioned exchange. Created with an ERC-20 smart contract on Ethereum, this token is in many ways similar to the Binance exchange’s utility token, BNB. Users get a number of benefits within Coinmetro through XCM. The token also allows some features and premium access. Users can trade on the stock market with this cryptocurrency. The exchange supports secure holding of XCM. However, users can also transfer their tokens to any ERC-20 compatible wallet.
What does XCM do?
The main purpose of the token is to create value and benefit to Coinmetro users. Coinmetro’s use cases are expanding every year, similar to most exchanges. However, Coinmetro Token is integrated into almost all new use cases. In other words, crypto money finds its place in most transactions in the stock market. The primary use case of Coinmetro Token is payments. All service and transaction fees within the platform are paid in XCM.
However, cryptocurrencies offer a number of advantages to investors in financial products such as margin and leveraged trading on the stock market. For example, XCM owners can implement other users’ strategies through the copy function. However, the coin excels in a margin trading with 5x leverage and a great user interface. Similar to trading copying, in leverage all fees are collected in XCM.
What is Coinmetro Token? How to get XCM?
Coinmetro Token is currently only traded on its own exchange. Users who want to buy XCM must be a member of Coinmetro. They then need to verify their membership and deposit funds into their wallets. After doing this, they can place a purchase order by depositing an asset in their wallets according to the parities of the cryptocurrency.
