XCM Rebates & Benefits
by Kamil S
You’ve likely heard about rebates on CoinMetro and want to learn how it all works. So we’re going to give you a background of XCM, the benefits of the token, and teach you how to earn XCM rebates just for trading cryptocurrency on the platform.
XCM is the name of CoinMetro’s native token. This ERC-20 utility token is the lifeblood of the exchange and our entire ecosystem! You can store XCM on the exchange or any ERC-20 compatible digital wallets. It’s a TRUE utility token in that it’s only available at CoinMetro.
All transaction fees on the platform are paid in XCM. Many rewards, from staking for instance, and rebates are all paid in XCM as well. Plus, we’re working to add more use cases and ways to earn XCM everyday! But we will dive deeper into all the XCM utility below.
What Makes XCM Great?
In short, the purpose of XCM is to drive the exchange through valuable use-cases & other benefits/rewards for CoinMetro users. XCM is directly tied to every aspect of the platform, making for an incredibly strong ecosystem! It can be used on the cryptocurrency exchange, the margin & copy trading platforms, as well as our innovative digital securities marketplace. Users earn rewards paid in XCM through XCM Staking, LINK staking, QNT staking.
Vaulting, locking, & rebates are also vital aspects to the CoinMetro platform which create utility and drive the value of XCM.
Why Are We Vaulting XCM?
Vaulting slowly & steadily removes XCM from circulation. Simply put – as more people use the CoinMetro platform, the demand for XCM increases. CoinMetro uses 100% of all exchange fees collected to market buy our native token. 50% of this newly purchased XCM is then sent to the vault.
Our goal is to eventually begin burning entirely. As it stands now, the vault has a smart contract to be released to the CoinMetro treasury in early 2024. Check out the XCM Vault here.
What Are XCM Rebates?
Rebates are one of the most unique aspects of CoinMetro. Not only do we have the lowest fees in crypto, but users earn back part of those fees through XCM rebates! Joining one of our three rebate tiers unlocks these rewards. The higher the tier, the better the benefits! Users access these tiers through XCM Staking.
A staking plan for 10,000 XCM is required for the first tier. The second tier opens at 25,000. And users access top tier benefits by staking at least 50,000 XCM. But the best part is, this is all done with a simple press of a button. Just choose the amount of XCM to stake, and the length of time you wish to remain staked. In addition to all the rebates & benefits, XCM Staking also pays you a passive income of up to 5%! Create your custom plan & start earning free crypto today!
We’ll take a closer look at the actual benefits below.
Benefits of XCM Rebates
Hold XCM and earn a passive income & amazing discounts! Can it really be that simple? At CoinMetro, yes!
The benefits vary by tier and service used. See the image below for the complete breakdown:
When trading on CoinMetro, makers are NEVER charged a fee. Not only that, but makers can earn up to 50% of the fee that the taker pays for the transaction.
That’s right… you can get paid to trade on CoinMetro!
Moreover, takers pay the only trading fee at the low rate of 0.1%. Takers on the exchange and the margin platform will earn back 5-20% of their transaction fee. On the copy trading platform (TraM), followers will earn rebates up to 20% as well. Additionally, users are also required to be part of these tiers in order to manage a TraM account. Users can open up to three TraMs by getting to the third tier.
Makers & takers refer to “making the market” or taking from it. A maker order is a limit order which rests in the order book. This adds liquidity. On the other hand, traders become a taker when they place an order to be filled immediately, like a market order. They’re taking liquidity from the market.
XCM rebates are an essential part of our financial metropolis! CoinMetro is constantly developing this unique idea as we add more products & services to the ecosystem. Rebates are just one of the many ways we boost adoption and contribute to the growth of XCM.
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