The CoinMetro ICO recently started, after such an impressive pre sale that quickly sold out, it's looking like it could be one of the most successful token sales of the year so far.
Check out their website here: https://goo.gl/MA1g2S

What is CoinMetro?

The new project is currently being touted as a potential all in one cryptocurrency solution but prior to delving into the ICO of this digital currency, there is a need to provide a closer examination of what it is that they offer and whether or not they do indeed offer that solution.

The Basics of what they plan to offer

The new platform seeks to offer a trading option, an exchange option and also a platform for ICO listings. Their entire platform is powered by the COIN token while they offer a tokenized system for not only professionals within the industry but also those that are completely new to the world of trading a digital currency. Their hope is that by attempting to simplify the entire process that it will lead to making it easier for anybody to become involved in the industry.

They are also seeking to make in-roads in the trading and investing sector of the market and dealing with common issues related to digital currency trading. Indeed, they state that they are looking at making the currency market smoother when it comes to the way in which it is able to operate.

The token itself is built on the Ethereum platform offering individuals a degree of security along with complete transparency for the transactions that appear on the blockchain. The movement of tokens on the network do operate along the same lines as other digital currencies using a digital wallet, with options available via the token as well as Ethereum, as well as their own wallet via their exchange.

Problems with the current exchange market

In their whitepaper the team behind the platform state a study made last year by the 'Harvard business review' that claimed that they believe one of the biggest problems that the cryptocurrency market still faces is that it's too complicated for users and too different to what they're used to.
To get started with crypto a user needs to go through a variety of hurdles to get started such as the need to register on carious different exchanges.
The new platform hopes to solve many of these users by providing a much simpler platform for it's users.

Problems with the ICO market

The ICO market has become a wild west type of environment with new token sales being released every day. Due to the hype surrounding crypto and a lack of regulation many of these projects promise the world but then fail to deliver. A recent report showed that around half of the token sales from just last year have already shown to be a complete failure.
The founders behind this project state that they plan to help advance current industries with the help of blockchain technology rather than aiming to completely change them which can be a too ambitious task.

How CoinMetro Operates.

The new project is viewed as being a combination of two approaches, an ETCF (or Exchange Traded Crypto Fund) as well as TAM (Tokenized Asset Management) and it does so in a robust manner. They also state that they are offering a certified and fintech financial system which is entirely powered by their own token.

Upon venturing onto their marketplace, a user is able to buy, sell, invest, cash out and trade in a variety of Fiat currencies as well as digital currencies according to their own individual requirements. However, there are a number of obvious benefits according to the team behind Coin Metro that makes them out to be different to other exchanges that have attempted to operate within this part of the industry and market.

The Differences and Advantages of CoinMetro.

• First, the exchange allows you to complete your transactions in a range of cryptocurrencies as well as Fiat currencies without any technical issues. To do this, they have sought to implement a stable banking system thanks to their standing with a main provider based in Estonia that has granted the users of Coin Metro access to their systems.

• Furthermore, they have also looked at dealing with the risk aspect of trading by looking at utilizing labeled margin wallets that are capable of basically eliminating risk while offering a sense of protection to those traders that are operating on the trading platform.

• They do this by operating a system of liquidation when traders fall into a state whereby their net value is below that which is required for maintaining the wallet. This is operated by offering a percentage of the total in the wallet to be used to protect the entire system as this then reduces the chances of someone being able to attempt to complete a transaction when they have insufficient funds to do so.

• Finally, there is the option of a complete decentralized atomic swaps. This is achieved via a peer to peer exchange system which is operated via a Smart Contract which is also time locked. By doing this, it means that a third party is not involved so both parties are fully aware of the full transaction without additional fees having to be taken into consideration. This is also where they use an Escrow system to provide an additional sense of security to both parties that are involved in the transaction.

• They're planning to have a wallet system that's highly securely by offering multi sig wallets, these will be provided by CoinMetro partnering with BitGo. The new wallet will initially allow users to hold the 5 biggest coins by market cap. They plan to offer a wider range of coins and tokens as the platform progresses.

• In the near future they also plan to offer a debit card that will allow users to spend their crypto online or to withdraw it at ATMs.

The team and their partners

Every member of the team behind the new project has a strong background in the finance sector and other related industries. They state in their whitepaper that they don't promise to be a team of skilled developers (they state they'll hire them) but they believe that their skills and connections in the finance industry will allow them to grow their project more successfully.

The project is also partnered with FXPIG which is a well known Forex company. FXPIG is run by the CEO and CFO of CoinMetro:

• Kevin Murcho, CEO: One of his main goals with the release of FXPIG was to bring more transparency to the Forex market. He believes he's achieved that and now hopes to grow the new CoinMetro platform in the same way.
• Sylvain Legay, CFO: He also helped to turn FXPIG into the successful Forex brokerage that it's become. He's the main numbers guy behind the new project.

Licenses and Regulations

The token sale of the project is based in Hong Kong. The platform is also currently obtaining an eMoney license in Georgia and a cryptocurrency exchange license in Estonia. The crypto license will mean that they're able to operate their exchange which will use fiat and crypto transactions. They're also applying for many other licenses, full details can be seen in their whitepaper

The Financial Aspect of the CoinMetro ICO.

Upon examination of the ICO, we see that there are a total of 500,000,000 tokens being made available for sale. They are based on Ethereum tokens which is in itself nothing unusual as a number of different digital currencies adopt this same approach.

It is worth noting that investors have a hard cap of 50,000,000 tokens. The initial price per token is currently available for EUR 0.11 but this figure slowly increases as the token sale progresses.

A total of 50% of all tokens will be made available during this period. Aside from that figure, 20% of tokens will be used for liquidity purposes as a direct result of being able to keep the exchange operating. 10% will then be given to stakeholders, 7.5% used as community rewards with the remainder being linked to advisory compensations.

Conclusion of the CoinMetro ICO.

What is clear is that the creators behind the new platform are seeking to simplify the previous ways of doing banking with cryptocurrencies. By removing a number of the main obstacles, the hope is that it will indeed encourage individuals to begin investing in digital currencies as well as using them across a wide range of industries.

By looking at simplifying the entire system, it may very well encourage additional investors and traders to become involved in the process. It does remain to be seen just how this particular exchange is going to develop as there are several others that are out there and currently doing quite well. Also, they are on the Ethereum platform like so many others so their intention is that the simple approach as well as the risk management aspect is going to play an important role. However, the fact that other similar platforms are doing so well does mean that there is a good chance of the Coin Metro token also rising in value over the next few years.
The main thing that convinces me to invest in the ICO is the successful history that the key team members have had in the Forex niche which should easily be transferable to crypto.
Website: https://goo.gl/MA1g2S
Whitepaper: https://coinmetro.com/wp-content/uploads/coinmetro-wp-newspaper.pdf
Telegram: https://t.me/CoinMetro
ANN Thread: https://bitcointalk.org/index.php?topic=2540667.0