Summary: >valuation set at 50 million with a total of 2.5 million € on offering >8-12 annual interest rate (depending on your tier), paid DAILY >option to swap into either a growth-like equity token at the end of the 2-year period or XCM valued at 0.20€ cents >ability to sell the bond on the open secondary market at any point if you want to get out early
For example, if you invest 10 000€, you'll get (assuming you're in the top tier):
>0.0329% interest paid daily, approximately 3.3€ a day >24% total interest at the end of the 2-year period, coming out at 2 400€ profit
Why Coinmetro?
>instant USD, EUR and GBP deposits/withdrawals >access to SEK/AUD deposits/withdrawals as well using SWIFT >lowest fees in the industry >top-notch liquidity on all major pairs >one-of-a-kind tokenized asset marketplace >copy trading feature where you can copy the trades of successful traders in exchange for a performance fee
It's a great medium-reward, low-risk opportunity if you're looking to diversify.
If you want to sign up, I'd appreciate if you use my ref ( click on this link >> Coinmetro.nl
>highest tier (12%) is reserved for ICO contributors >second highest tier (11%) can be unlocked by locking 50 000 XCM (1 500€ at current valuation) >third highest (10%) can be unlocked by locking 25 000 XCM (750€ at current valuation) >fourth highest (9%) can be unlocked by locking 10 000 XCM (300€ at current valuation) >lowest tier (8%) is the standard tier for all users who either arn't ICO contributors or don't have any locked XCM
Tiers can be changed at any time by either locking or un-locking XCM.
Upcoming features this year:
>debit cards >virtual IBANs >improved app releasing within the next two weeks >more fleshed out securities marketplace, the next offering will be for either a media company or a genomics data marketplace company, depending on who finalizes their offering first
New partnerships recently announced: >Coinmetro will serve as a FIAT on/off ramp for Paxful, a peer-to-peer cryptocurrency exchange with millions of users and billions $ worth of volume. More specifically, Paxful has a seller dashboard where roughly 12.000 sellers do about 300 million $ a month worth of business and they need a quick FIAT on/off ramp, which Coinmetro will provide. >Coinmetro will also serve as a FIAT on/off ramp for a yet-to-be-disclosed debit card company which is currently expanding into Europe >"these two partnerships could very easily 10x our current volume (roughly 500k€ a day at the time of this writing) in a short amount of time" - Kevin Murcko, Coinmetro CEO, in the last AMA >+lots more to come
Of Coinmetro? I agree it's been a long road, but things are finally starting to take off
Nolan Lewis
Will coinmetro eventually apply to become a bank akin to kraken?
Kevin Cook
Here since ICO, 100k bag accumulated and I don't know when/if this train will take off. I'm constantly checking XCM price and it just doesn't budge.
Daniel Moore
No such plans right now, because they don't need it. They can offer neo-bank services such as virtual IBANs and debit cards without becoming a full-fledged bank, though they will effectively function as one, meaning that you can use them for all your day-to-day needs.
Bank licenses are generally very hard to acquire, and there's no reason to unless you need it for something specific.
Yeah I feel you, but they've been on a tight budget since day 1 and have been focused on building out the platform. Now it's finally ready, and keep in mind that they've managed to 7x their revenue since Q1 this year on a marketing budget in the single-digits of thousands of €. Once the bond is fully sold, 20% of it (meaning roughly 400-500k) will be used for marketing, so I think there's lots of growth upcoming short-term and that will manifest itself in a higher XCM price as well.
Thomas Gray
It starts moving once coinmetro gets users. Only strong marketing can change that now, but they simply not doing it... fucking testing on microscopic levels forever. >Once the bond is fully sold, 20% of it (meaning roughly 400-500k) will be used for marketing they also said that when they closed the 7 figure funding round sometime end of last year - beginning of this year. so yeah, not believing anything until it actually happens.
Evan Myers
Why invest in a 24% return in 2 years when Btc still makes 200% swings every few months. Also if I would want to speculate on the CM as a company I might as well hold the xcm token, what's the point of buying the bonds?
Brandon Mitchell
Fair enough, but their marketing team wasn't fully built out at the time and they used all that money for development.
Bonds are generally lower risk than volatile assets such as cryptocurrencies, and that's attractive to a lot of people. At the end of the two year period, you could also choose to swap your bond tokens into XCM at a locked rate of 0.20 c per XCM, unless you want to swap into the equity-like tokens and recieve dividends, revenue-share, etc.
So it's not really targeting your average "cryptocurrency" user, but rather people with a lower appetite for risk and people who would like to diversify their holdings.
