Coinmetro aims to put together attributes like coinbase, basically what they’re trying to do is they're trying to put all the things together in one platform where you don't have to go to four or five different sites to deposit your FIAT and then transfer your FIAT to an exchange to buy coins, cryptocurrencies and after that you have to transfer it back to your account. There's so much of a hassle and many people don't even have access to coinbase and that's just one of the problems that they're going to solve. There are not many FIAT exchanges out there because there's lots of regulations and it's a real hassle to get licensed for that. What coinmetro is going to be doing is they’re going to aim to get that license because there's going to be lots of regulations coming in. Right now, you want to get out of the crypto market what do you have to do, sell on Binance, Kucoin whatever then get the Bitcoin and then transfer the Bitcoin to coinbase if you have access to Coinbase and then get FIAT. That's why there's a huge liquidity issue right now. The coinmetro is going to aim to solve that.
Along with that many of the exchanges that are out there right now, they're not regulated and at any moment in time regulatory agency can come in and close all their doors and try to shut them down. Another thing coinmetro is going to solve is in ICO space there's a lot of scams and what they're trying to solve is they're going to create one-stop shop for ICOs. So, let's say you have an ICO and you don’t want to do it on your own website, you can launch your ICO on Coinmetro and the coinmetro users can decide whether not to participate in your ICO. Coinmetro will already scan your ICO, make sure you’re legitimate and this way no one's going to get scammed and lose their ethereum or bitcoin. Right now, there are a lot of bad exchanges out there with poor customer support, it takes literally forever to get in contact with them just in case something goes wrong. There're not a lot of employees at exchanges so what coinmetro is going to be aiming to do is become the Best of Breed this aspect. Their exchange is going to be comparable to Binance or Huobi, these higher-end exchanges which are very fast, very secure and they’re simply very low transaction fees. Some exchanges have crazy amounts of spread between the bid and ask price and this just makes them very inefficient. Maybe because there's no volume there or just not be large enough but coinmetro is going to solve all those problems by creating a fast and scalable exchange with low transaction fees and they’re also going to be offering things like atomic swap between crypto currencies. So, let's say you want to transfer your vert coin for litecoin, you won't have to sell your coin for a Bitcoin and then buy the litecoin. You can simply just use what’s called atomic swap and transfer your vert coin to litecoin. That's just one example, more coins going to adopting this technology in future. For the trading platform, they're going to make it user friendly and they're also going to add like advanced charts and tools for professional traders.
Right now, if you look at a bittrex or something like that they don't have many advanced options. Everyone uses tradingview if I'm not mistaken so if they can integrate this into their platform, everyone will come to them. And I'm sure coinmetro will add other features to their platform other than technical analysis. Along with that currently on exchanges like binance, bittrex when you try to do a complex order type, let’s say sell stop order, buy stop order or use a stop loss simply even that's hard, very complicated to do that. They're going to solve that by making it very easy for you to make advanced order types as well.
Tokenized asset management, it's based on a successful managed account model that they created at FXPIG. They're going to use what they've learned from FXPIG and integrate it into the crypto world. They really have the experience in FXPIG and they've been doing it for many years so they'll just translate that over to crypto and I’m sure they'll do well. TAM is similar to personal money management account and basically in that you can pool funds together from multiple investors into one account and have one master account which would be investor will be managing. All the funds that are put into the fund each investor has access to their own funds and they control that. The investor has its own portal and they can control their deposits, withdraws and basically the fund manager only controls the main account and takes fee of that overall profit or a profit sharing at the end of each month. So, they’re going to be integrating that account management model to the cryptocurrency space where currently there really isn't anything and what you guys all you have to do is someone wants to manage some crypto money then you have to give it all to the investor and the investor can do whatever wants with it. There’s really no transparency between the two, the manager can take some funds or do some shady stuff and the investor may never know so this is going to clear away all that and create a proper portal for both investor and manager. So, they're going to try and get some high-quality managers on their team, on their platform. What can happen let’s say one manager is doing poorly, their performance is bad you can quickly change to another manager and in this world right now there's no platform out there that you can actually do. Also, whenever there's a transaction that occurs on their platform they're going to be paid in XCM tokens.
Website: https://coinmetro.com/
Twitter: https://twitter.com/CoinMetro
Facebook: https://www.facebook.com/CoinMetro/
Telegram: https://t.me/CoinMetro
Whitepaper: https://coinmetro.com/whitepaper/
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=2540667.0
Authored by: donniedarko
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