A TraM can have a public or private tag, but most TraMs are private. To safeguard users’ funds, CoinMetro individually vets TraMs and their managers’ track records. This allows copy traders to get value for their allocated funds. A private TraM can be accessed through a special link from its manager.

CoinMetro pays TraM managers between 5 and 25 percent of profits made by their followers. Again, the incentives are disbursed using XCM.

Staking

The platform allows users to stake their holdings on select platforms such as Quant (QNT) and Chainlink (LINK). Staking rewards are paid using CoinMetro’s base asset.

Competitions and Giveaways

Occasionally, the platform hosts competitions and giveaways to keep the community engaged and motivated. Certain activities in this category, such as bug bounties, can earn you XCM coins.

CoinMetro Token, XCM

XCM is CoinMetro’s base asset built using Ethereum’s ERC-20 token standards. On CoinMarketCap, the coin has a maximum supply of 330 million tokens. Currently, the circulating supply stands at 303,124,131 XCM coins. This implies that 92 percent of the coins are already in active circulation.

The token is compatible with wallets built to securely store coins powered by the Ethereum blockchain.

CoinMetro uses XCM as a utility token and can be used to define user levels. The platform’s user tiers range from one to three. Tier one requires participants to hold at least 10,000 XCMs, while users at level two must hold a minimum of 25,000 XCMs.

To get to level three, you need to hold 50,000 XCM tokens. You can unlock XCM coins at your own discretion.

These tiers come with additional benefits. For example, those in tier one receive five percent in rebates when they conduct standard trades, while those in level three receive kickbacks of up to 20 percent. Additionally, market makers with level one status receive a 30 percent bonus while those in tiers two and three earn 40 and 50 percent, respectively.

CoinMetro hoists the value of its native token by using fees generated on the platform to buy back XCM coins from the market. Also, it permanently vaults or burns a section of tokens to reduce supply and boost value.

CoinMetro Security

Even with great products and services, security can make or break a crypto platform. Luckily, CoinMetro provides top-level protection to safeguard users’ funds and data. To restrict the reach of hackers on deposited cryptocurrencies, the platform stores roughly 98 percent of cryptocurrencies in a cold wallet. It then activates multi-signature access (through BitGo) to the hardware wallet to enhance security.

Additionally, the platform whitelists IP addresses allowed to access its admin panel. However, the security measures are only as good as the people entrusted with the data. As such, the platform only allows certified persons to access private keys tied to withdrawal functions. Withdrawals can only be initiated from select virtual private networks (VPNs) operated by CoinMetro.

To maintain the platform’s base security and ensure it remains up to date, CoinMetro runs audits every seven days. Also, the platform brings in external tech system auditors every three months to help improve and optimize performance.

For account security, CoinMetro follows industry standard procedures. For example, it supports two-factor authentication, allowing users to add a second security layer in addition to their username and password. CoinMetro uses Google Authenticator and Authy to provide 2FA authentication.

These apps are available on both Android and iOS-powered devices. SMS verification is another way CoinMetro enables its users to safeguard their account from malicious access. This method alerts users whenever someone attempts to access their account and requires them to enter a one-time code to prove authenticity.

Another CoinMetro security measure is IP verification. This feature helps detect and thwart malicious third-party account access.

CoinMetro advises users to secure their email addresses and WiFi networks since they can be weak links when it comes to account security.

CoinMetro Security Token Investment Platform

Apart from trading and referring friends, the platform offers more opportunities for users to earn. One of these opportunities is through bonds, where users accumulate daily interest on the amount they invest. This offering is issued on a dedicated platform called “Security Token Investment.”

CoinMetro’s bond is among several listed offerings on the platform. It has an annual percentage yield (APY) of between 8.0 and 12.0 percent. To participate, the platform requires users to lock XCM tokens, but it does not require a fixed lockup period.

This allows investors to withdraw their assets whenever they like. The amount you earn depends on the period and the amount you have locked your assets.

The bond has a two-year term. Fortunately, there’s a secondary market where you can trade it, enabling you to exit your position before the maturation date. Exiting your position puts the amounts you’ve invested back into your account. The funds then become available for other activities like trading or withdrawing.

If you’re patient enough to wait for two years, you have the option to choose between exchanging the bond with the platform’s Growth Token with an estimated value of approximately 61 million USD or to convert it into XCM coins and liquidate the asset at a fixed rate of 0.24 USD per coin.

Conclusion

Referral programs are common both in the traditional finance and cryptocurrency sectors. However, their incentives differ from program to program. Some platforms provide low but straightforward rewards, while others have considerable incentives to make up for the many requirements you must meet to receive rewards.

Many cryptocurrency platforms use referral incentives to attract more users, offering a chance for referrers to earn passive income. You can sit back and watch the incentives start rolling in after you share your unique referral code or link with others. CoinMetro provides one of the highest referral incentives in the industry, and the path to the rewards is clear and straightforward. We will show you how the CoinMetro referral program works below.

The CoinMetro referral program provides higher rewards than many similar offerings in the cryptocurrency sector. Additionally, the program removes the cap on the amount you can earn per referral and the period during which you can earn incentives. CoinMetro has an extensive security structure that helps keep users’ funds safe from hackers.

The XCM token powers different corners of the CoinMetro ecosystem, allowing users to receive discounts on trading fees, rebates, and investment opportunities when interacting with projects listed on the Securities Token Investment arena.

Do you need more information about CoinMetro? Read our CoinMetro review and learn about CoinMetro’s features, products, fees, and how it compares with Binance.