On the Right Track: CoinMetro TGE Raises $4 Million in Under Twelve Hours

Mar 03, 2018 at 10:23 // News
On the right track

There are movers and shakers in the blockchain industry who are finding their feet and hitting the ground running with many successful TGE (Token Generation Events). These token sale periods give crypto start-ups the funds to launch, taking off into the market to see how their product, platform, solution and token hold up.

Funding Fever

Successfully raising the required funds over the period of a TGE is not necessarily a big deal; in 2017 the TGE market was highly lucrative with profitable returns, which was and still is a key point of interest during the blockchain funding fever that grips the interest of world at large.

It soon comes to light that whilst profit was there to be made, there was a swirling miasma of impractical, useless and scam tokens that caused controversy, instilling a new distrust to the technology, which is no stranger to scrutiny and scepticism.

On top of this, the technology in all its wonder does not particularly possess the easily navigable means of access and utility for users of any size or entity.

It’s being held back by the inability of many Blockchain start-ups to properly provide broad intuitive crypto solutions and enable participants to utilise their crypto in a way that will ignite a new wave of faith and engagement, perhaps even achieving the ultimate goal of mass-adoption.

Profits and niche solutions gives average TGEs running legs, but projects that possess truly groundbreaking tech come out of the gate at supersonic speeds. Supersonic projects demonstrate the highest calibre of Blockchain innovation, hype can make only so much money, excellence however, raises the bar higher than ever thought possible.

Proof in the Pudding

Evidence of such rare excellence can be found in the recent successes of blockchain startup CoinMetro who presently are in the midst of a meteoric TGE for their token XCM. Having begun on February 21st, 2018,within twelve hours of going live CoinMetro managed to raise $4 Million USD. They also raised close to $10 Million during their Pre-Sale period.

CoinMetro is teeming with robust features ready to engage the world; the platform is designed as a one-stop crypto financial solution. It brings robust traditional financial tools and services to the crypto world, redefining how we utilise our cryptocurrency; being accessible and intuitive, the platform boasts features designed to make crypto trading and investment easy, cheaper, intuitive as well as profitable.

To begin with, CoinMetro is pioneering further decentralisation with a time-locked smart-contract escrow system called Atomic-Swapping; this tool is a step in the right direction as it removes third-party fees (e.g. Exchanges) from two-party trades. Another feature is their crypto lending platform which grants traders and investors with means to create a passive income from their crypto-wallets.

Lastly but by no means the end of the list of features and services available CoinMetros platform, are ridiculously low exchange rates which are 0.10% (0.075% for all contributors due to the included lifetime discounts), with the goal of being even lower.

CoinMetro-Press-Release.png

The Token Sale

The TGE is still live and over 120 Million XCM has been sold moving the bonus structure into its second phase, details of which are down below.

100M XCM Sold – 8% TBPR 1 + lifetime CM discount 2 +0.01 price increase

150M XCM Sold – 11% TBPR 1 + 0.01 price increase

200M XCM Sold – 14% TBPR 1 + lifetime pre-pre-token sale invites +0.01 price increase

250M XCM
Sold – 17% TBPR 1 + lifetime FXPIG discount 3 +0.01 price increase

300M XCM Sold – 20%TBPR 1

“TBPR” stands for “Token Buyback Program Reserve”
-Further details available in the whitepaper here.

300 Million XCM are available throughout the sale period with all unsold tokens being burnt off at the end, here is how they intend to allocate funds from TGE contributions:

  • 40% Platform Development, HR

  • 30% Marketing

  • 20% War chest; possible buyouts, takeovers, acquisitions, etc.

  • 10% Legal, Compliance, Regulatory

The total XCM distribution (500 Million) will be allocated as follows:

  • 50% through Token Sale

  • 20% Liquidity

  • 10% CoinMetro Team & Shareholders*

  • 7.5% Community Rewards

  • 2.5% Advisor Compensation

  • 10% Public Pre-Sale

It’s a rare sight to see such prowess in the crypto market, to see it for yourself head to the CoinMetro website here.

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