CoinMetro, those of us with our ears to the ground may have heard its rumble recently, it's been getting a lot of press as one of the upcoming ICO’s with most potential. My aim here is to bring attention to a specific piece of their tapestry, which when implemented could have significant consequences for future coin offerings.
Somewhat hidden amongst all of their ambitions is one feature which is often overlooked in favour of the neon appeal of a tokenised, fiat-crypto decentralised exchange with a low barrier to entry but high functionality (okay, dull sentence, but bear with me). A feature which is greatly needed to protect the speculative masses from fraud.
The combination of low entry requirements and competition due to a lack of regulation, huge potential rewards for developers and little distinction between real and scam projects mean that many can get by with little more than a website and professional looking graphics. Utilising bounty campaigns and glossy promises to leech off of unsuspecting investors hoping to get in on something big at the ground floor.
CoinMetro’s solution is the ICO Express platform.
If there was a relatively safe space for investing in startup coins, in the knowledge that they had been put through tests to confirm their legitimacy and the viability of their vision, why would you risk putting money into any proposition made outside of this system?
There may be some costs for developers, (perhaps as a cut that CoinMetro will take from each trade, or an initial submission fee) but if this becomes widely adopted, the credibility and exposure gained from a listing on the platform could easily mitigate any costs.
The requirements for acceptance and advantage it will bring should drive competition between startups and in turn force developers to hone the quality and ambition of their projects. Moreover, as regulations on cryptocurrency are put into place around the world, it seems likely that there will be a crackdown on ICO’s, in which case a platform like this may eventually be the only place in which a person may invest.
All of this of course bolsters the potential value of XCM, but more importantly, if successful it could lead to a more mature, safer and competitive market.
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The price of one XCM is currently sitting at €0.11, giving a 34% bonus on what would be received at the conclusion of the main sale. The main sale begins Wednesday the 21st of February.
If you are planning on contributing, consider utilising the below link for an extra bonus of 2.5%
https://go.coinmetro.com/?refId=5a6bc659ee820437c4422fd5
(This is all of course making the supposition that the CoinMetro team is successful in their goals, and I plan to publish a follow up article soon covering why I am optimistic in this regard, alongside a broader overview of the project.)
Telegram: https://t.me/CoinMetro
Bounty thread: https://bitcointalk.org/index.php?topic=2542394.0
Disclaimer: Please do not take this as financial advice, remember to execute your own due diligence and do not invest more than you can afford to lose. I could be wrong, DYOR! The provided link will also provide me with a small bonus, I would every grateful to anyone who decides to invest in this project, and signs up through it.