CoinMetro Hosts AirDrop Campaign To Augment Presence

Apr 22, 2018 at 16:47 // News
CoinMetro hosts airdrop

CoinMetro is hosting an Airdrop Campaign which is currently underway. Qualified supporters will receive 68 XCM, which includes any presale or public sale participants. New participants can also join but must donate 1 XCM or a minimum of 1 ETH or equivalent in order to qualify.

Airdrop Process

In addition to either donating or being a participant in the presale or public sale, users must go through KYC procedures, a process that can take up to 30 days to verify. While the airdrop ends April 15th, participants should expect tokens to be sent to their wallets sometime between June 20th and July 1st.

The airdrop is open for the first 10,000 who apply, so if all the participants of the presale and public sale enter, this leaves little space for new participants. Those interested in looking to join the airdrop campaign should do so soon.

Prospective users interested in participating in the airdrop just have to join the CoinMetro telegram group and a request a password from the Admins. Once a password is obtained, all that’s left to do is to sign up for a CoinMetro account (or sign in), enter the received password, and claim the XCM tokens.

Airdrop to Further Spread Awareness

The airdrop campaign main purpose is to amplify the presence CoinMetro has already garnered from its token sale, which concluded on March 31st after a brief extension of the token sale period.

120 million XCM tokens were sold to more than 7000 participants, raising over 12 million EUR. These 7,000 plus any other new contributors have a chance of receiving further XCM, with little effort.


Allocation of Funds Raised During Token Sale

50% of coins were allocated for the sale, with the other half distributed for various reasons. 20% was allocated for platform liquidity, 10% for team distribution, 10% for the public presale, 7.5% for community rewards, and 2.5% for advisor compensation.

Majority of funds (40%) will be used for HR & Development, 30% for marketing, 20% for the war chest; possible buyouts, takeovers, and acquisitions, and the remaining 10% for legal fees.

The CoinMetro airdrop applies to the ETCF (Exchange-Traded Crypto Fund) platform that launches later this year and can only be used on the ETCF platform. Once the airdrop goes live, participants will receive the tokens automatically but the tokens must be kept for a minimum of three months, in efforts to prevent a sudden dump after the airdrop.

Later this year will see CoinMetro debuting their ICO Express Launch, their CM debit card launch, as well as Full PSP services in July. CoinMetro is also working on supporting the token by getting the token listed on various exchanges as well as committing 20% of profits to a token buyback program that will in the long term stabilize prices and maintain upward pressure in the market.

To visit their Telegram, click here. For their other social online presence, you can also find CoinMetro on Twitter, LinkedIn, Facebook, and Reddit. Posts from the team can also be read on Medium. For technical details, visit their website and check out their whitepaper.

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