CoinMetro Platform

Designed for mainstream adoption, the CoinMetro platform will be an all-in-one solution for crypto geared towards maximizing client value. We will deliver a rock-solid, user-focused framework that offers unparalleled mobility between blockchain-based digital assets and traditional markets.

The CoinMetro Ecosystem will include (i) a fast, intuitive exchange, (ii) a feature-rich trading platform offering unique digital asset investment opportunities, and (iii) a turnkey ICO Express solution. All services will be accessible via a streamlined web application with a stunning UI, fully integrated with industry-leading blockchain platforms. CoinMetro will price all services using our own digital ERC20 utility token, called COIN. It is our vision that newcomers to the digital economy will be able to get started with buying their first Bitcoin instantly through our simple, supportive platform. Professional traders will enjoy a fast, secure, and highly flexible environment that integrates familiar features into our digital asset ecosystem. CoinMetro will also offer innovative investment models, such as our Tokenized Asset Management (TAM) platform and an Exchange-Traded Crypto Fund (ETCF).

Running a multi-faceted fintech platform means that we will require multiple licenses in multiple jurisdictions to remain compliant with regards to the services we plan to provide. The CoinMetro Token Sale will be based in Hong Kong, and compliant with the regulatory environment there. Moving forward, CoinMetro intends to provide services in jurisdictions where it is licensed, or where no license is required. During 2018, CoinMetro intends to apply for licenses in several jurisdictions that cover the full range of planned services.

CoinMetro Ecosystem
Competitive Advantage
Working in tandem with FXPIG, CoinMetro plans to offer a wide range of services previously unavailable from a single entity. For new users entering the cryptocurrency space, two essential features are simplicity and the ability to purchase digital assets with fiat. Coinbase/GDAX is a clear testament to this, reportedly adding over 100,000 new users per day during peak times in late 2017.1 Ranking in volume as the world’s second largest Bitcoin exchange2, Coinbase/GDAX is obviously an ambitious project to compete with. However, while Coinbase offers an intuitive user interface and easy fiat/crypto exchange, it supports a limited number of digital currencies and trading pairs, and its customer support has been widely criticized by users3.

CoinMetro integrates fiat support and a user-friendly interface, but offers a much broader range of on-platform functionality (like GDAX and Coinbase in one place, and then some). Plus, we are making customer support a major priority. We believe we are well positioned to provide a competitive alternative to Coinbase and similar platforms in overlapping jurisdictions. In addition to appealing to new and casual users, our trading platform will be equipped with a robust tool-set designed to meet the needs of professional investors. CoinMetro will offer customizable charting and analytics, support for a range of order types, lending options, and margin trading, here more akin to platforms like Bitfinex and Poloniex, but with a much cleaner UI, no reliance on Tether, more reliable uptime, progressive regulatory footprint, and transparent company policies. Our in-house XCM token is conceptually similar to Binance’s BNB and KuCoin’s KCS, two projects which have seen significant growth and rapid adoption since going live. We believe this bodes well for the role of XCM, which offers similar benefits to users (reduced fees, etc.) and has further actionable use cases for features that are currently unavailable through those exchanges. We feel as though the combination of an easy-to-use UI, crypto/fiat support, and advanced trading features already makes CoinMetro very competitive in the exchange space. Beyond that, the introduction of our unique investment models (ETCF’s and TAM Accounts) and our turnkey ICO Express engine pushes CoinMetro beyond being “just an exchange” and solidifies our vision of being a one-stop, all-in-one platform for crypto.

Market Share
Based on a study of over 400 ICO’s conducted in 2017, ICO Watchlist found that over 50% were implemented using the Ethereum blockchain.1 As more projects begin to explore tokenization of assets and services, CoinMetro is positioned to emerge as a forerunner in this space. We plan to offer an interface for easy token issuance through our ICO Express platform, as well as bring liquidity to the ERC-20 space through our exchange and ETCF Platform. Looking at the future of digital assets, tokenization appears poised to open the doors to new markets for mainstream blockchain adoption. While we will naturally offer bitcoin and traditional crypto services, CoinMetro’s vision also includes building the infrastructure to support emerging tokenized asset markets, which we believe will represent a substantial market. As University of Oregon Finance professor Stephen McKeon wrote, “Financial economists have attempted to measure the illiquidity discount in a variety of ways. A common rule of thumb is 20–30%. This represents a huge amount of value and therein lies great promise. Tokenizing relatively illiquid assets and creating a market in which to trade these tokens can reduce the illiquidity discount substantially by reducing frictions to trade. Traditional assets will tokenize because they will lose the liquidity premium if they don’t.”

CoinMetro Debit Card
To provide clients with instant access to their CoinMetro wallet balances, we plan to offer a CoinMetro debit card. We envision that clients will be able use the CoinMetro debit card to access their cryptocurrency wallets or fiat wallet and withdraw cash instantly at certain ATM locations worldwide. Having already implemented a successful debit card system for FXPIG, our team has a comprehensive understanding of the logistics of this space and we have developed a solution designed to provide maximum flexibility and utility to CoinMetro users. Clients may choose a default account for use with the card as well as a list of secondary accounts that can be debited in case the balance of the default account is insufficient to cover the requested transaction. When using the card at an ATM, the system will check the balance in the default account first. If a conversion is needed to the withdraw currency, an order will hit our matching engine to perform the conversion instantly, eliminating inconvenient delays in processing time. If the default account has insufficient funds, the secondary accounts will be debited.

Cryptocurrency Wallet – Supported Cryptocurrencies
CoinMetro’s cryptocurrency wallet system will allow clients to hold, deposit and withdraw in the five largest digital currencies by market capitalization (~80%):
• Bitcoin (BTC)
• Bitcoin Cash (BCH)
• Ethereum (ETH)
• Ripple (XRP)
• Litecoin (LTC)

By partnering with BitGo, the industry leader in multi-signature, multi-currency wallets, CoinMetro plans to offer clients convenient and secure services through BitGo’s multi-signature technology. Following our initial launch, CoinMetro plans to incorporate support for additional wallet platforms, adding more and more assets over time. Immediately after launch we will look to add support for the complete list of top ten cryptocurrencies mentioned on Coin Market Cap (https://coinmarketcap.com), including Monero (XMR), Dash (DASH), NEO (NEO), and BitCoin Gold (BTG). We will also look to add NEM (XEM) given that we will be developing tools based on the NEM blockchain. We plan to add additional assets over time, including ERC20 tokens, which will form the base for our EFTC platform.

Lending
CoinMetro’s unique lending platform is intended to give passive investors an opportunity to earn interest on their cryptocurrency balances and create potential for under-capitalized traders to increase their profits. Our lending platform is envisaged to work by letting lenders state their daily rate on which they are prepared to lend; borrowers will be able to accept and immediately use the underlying assets as margin. CoinMetro plans to offer BTC, LTC, and ETH lending options.

Security
CoinMetro proposes using many of the security features and stringent protocols that have proven successful for FXPIG. Since its establishment in 2011, FXPIG has maintained a firm commitment to customer security. As of the date of this whitepaper, the company has never been hacked, never lost a client’s funds, and remained virtually incident-free.
CoinMetro plans to work with BitGo for payment processing. This will enable users take advantage of several strong security protocols in relation to login and payment approval, including:
Two-factor Authentication (via Authy)
Two-factor authentication (“2FA”) adds an additional security layer to user accounts. Login and account access wil require both a password and a unique multi-digit code sent to a registered physical device, such as a phone. Authy’s multi-device 2FA feature gives users a convenient solution to securing their data.
Multi-signature transactions (via BitGo)
Multi-signature wallets require two signatures to confirm a transaction. One instance would be stored on BitGo’s server, and another would be kept at the CoinMetro Backend. To compromise a multi-signature wallet, an attacker would have to compromise both BitGo’s and CoinMetro highly secure servers.

CoinMetro Token Sale
Token Sale – COIN
Total Supply of COIN
500,000,000 COIN
Total COIN Distribution Breakdown
50% through Token Sale
20% Liquidity
10% CoinMetro Team & Shareholders*
7.5% Community Rewards
2.5% Advisor Compensation
10% Public Pre-Sale
*This allotment of COIN is intended to be locked for the first 6 months after the date of distribution, and will be vested over a period of 24 months. CoinMetro team members will receive 25% of their tokens 6 month after the date of distribution, and subsequently receive 25% every 6 months.
Pre-Token Sale & Token Sale Contributions Breakdown
40% Platform Development, HR
30% Marketing
20% War chest; possible buyouts, takeovers, acquisitions, etc.
10% Legal, Compliance, Regulatory
A maximum of 7.5M will be paid to FXPIG for their support of CoinMetro, their inclusion in the Token Buyback Program, and to support the shared development of blockchain trading technologies between the CoinMetro and FXPIG.
Value of COIN after the Token Sale
There is no guarantee as to the price of COIN following sale, nor will that CoinMetro’s exchange or any secondary market be available at that time. Any COIN price will depend on a number of factors. Prospective purchasers should not buy COIN for speculative purposes.

For more information, visit:
WEB SITE: https://coinmetro.com/
WHITEPAPER: https://coinmetro.com/whitepaper/
TWITTER: https://twitter.com/CoinMetro
FACEBOOK: https://www.facebook.com/CoinMetro/

Authored by Lelvin: https://bitcointalk.org/index.php?action=profile;u=1275173