CoinMetro

CoinMetro provides a gateway for both novice and professional traders and investors to get involved in the crypto space. 

About CoinMetro

The CoinMetro platform will be an all-in-one solution for crypto geared towards maximizing client value. Aims to deliver an easy to use platform that allows for crptocurrency exchanges, trades, P2P collateralized lending for margin trading, a crypto-debit-card, unique basket’s of “Crypto-ETFs”, and a compliant and easy to use ICO launching solution for crypto currencies developed in the Ethereum, NEM, or NEO protocals. CoinMetro will allow direct fiat and crypto-currency buy-ins and will price all services using its own digital ERC20 utility token, called COIN. Major competitors to CoinMetro: Binance, Kucoin, Cosscoin, Bitfinex. Uniqueness/Advantages to Competition: Crypto-ETFs, P2P collateralized lending for leverage margin trading, crypto-debit-card attached to CoinMetro account.

Token Sale Use of Blockchain

Product

2.8
Product
Readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

1.0
N/A
1 - Nothing yet, just an idea.
Appeal

How appealing is the product? How good or necessary is it? Does it have a distinct edge?

4.0
N/A
4 - Captivating.
Target User Base

Is it mass market or niche?

4.0
N/A
4 - Large audience / wide market.
Competition

Are there many other similar solutions or is this one of just a few, or even one of a kind?

2.0
N/A
2 - Quite a few / somewhat better competitors.
Innovation

How innovative or inventive is the product, either conceptually or technologically?

3.0
N/A
3 - Partial, a novel approach or aspect.

Product

CoinMetro aims to be a superior exchange, specifically to Binance. Some advantages it intends to provide is the ability to purchase crypto currency with a direct fiat buy-in and allows for P2P lending for leveraged trading. Collateralized Margin wallets must be in place for the lending of currency. There is also a potential for a debit card directly connected to accounts within Coin Metro.

Product Whitepaper

Use of Blockchain

2.8
Use of Blockchain
Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

2.0
N/A
2 - Some smart contract functionality.
Disruptive Blockchain Advantage

How disruptive is the introduction of blockchain technology into the product's market space?

3.0
N/A
3 - Potentially disruptive.
Need for Custom Token (vs. BTC or ETH)

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

3.0
N/A
3 - Issuing a custom token is justifiable.
System Decentralization (besides token)

How decentralized is the system architecture other than the token (e.g., data collection, storage, access, and use, or decision making processes, etc.)?

3.0
N/A
3 - Hybrid; decentralized as far as circumstances allow.
Contribution to Blockchain Ecosystem

How compelling is the solution's contribution to the evolution of blockchain infrastructure and economy?

3.0
N/A
3 - Interesting.

Use of Blockchain

On and Off chain swaps, atomic-swaps, debt-cards, crypto-ETFs with baskets of coins. The collateralized lending for trading is unique as well as the debit card system tied directly to the exchange. The only justifiable reason to have a native or custom token is to reward transaction fees to participates via the refferral program. This is not unique and is almost directly in-line with other exchange platforms such as Binance or KuCoin. CoinMetro does aim to provide a decentralized exchange

Use of Blockchain Roadmap

Whitepaper

3.8
Whitepaper
Comprehensiveness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

4.0
N/A
4 - Satisfactory coverage, well written.
Readability

Is it easy enough to understand?

4.0
N/A
4 - Easy to read and understand.
Transparency

Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?

3.0
N/A
3 - Basic honesty with some hype.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

4.0
N/A
4 - Clear, well thought out, realistic.
Technology Presentation

Does it present a well thought out technological architecture? Does it address implementational challenges?

4.0
N/A
4 - Clear, well thought out, realistic.

Whitepaper

The whitepaper is well written, easy to read and clearly states the intentions of the project. Most of the paper provides “forward looking statements” so the project has a lot of room for potential changing. The business plan and presentation is very well done and is top-notch. The platform allows for users to participate in many ways via trading, ICO launching, lending, and referrals.

Whitepaper Compliance

Roadmap

3.6
Roadmap
Concreteness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

3.0
N/A
3 - An overall plan, major milestones stated.
Feasiblity

Is the development plan realistic? Is it based on reasonable goals and timelines?

4.0
N/A
4 - Realistic.
Vision

Is there a larger, long-term vision?

4.0
N/A
4 - Long term.
Dependencies (services or capabilities)

How available, operational, or trusted are the other systems or capabilities on which the project relies?

5.0
N/A
5 - Available, trustworthy, recognized.
Current Position

Where is the project now, relative to its vision and plans?

2.0
N/A
2 - Critical obstacles ahead.

Roadmap

Dev. Roadmap is clear, concise and realistic. The vision is grand and will depend on the NEM, Ethereum, and NEO blockchain ecosystems. The platform is still under basic development and the blockchain will not be developed until after the ICO. It will take about 3-months after the ICO before beta platform maybe released for public use

Roadmap Company and Team

Compliance

2.6
Compliance
Token Utility (value through usage)

How much use is there for the token itself (regardless of its value as an investment vehicle)?

3.0
N/A
3 - Limited or uncertain use cases.
Token as Security (tradable instrument)

How valuable is the token as an investment vehicle or financial instrument?

3.0
N/A
3 - Partly; compliance not fully assured.
Token/Smart-Contract Readiness

Is the blockchain infrastructure of the project ready for use? Is there a working prototype or MVP? How long until it is operational?

1.0
N/A
1 - Nothing yet, just an idea.
Attention to Compliance Issues

How much attention is given to compliance (via token and ecosystem design, token sale participation, etc.)? Is this issue addressed directly and coherently?

3.0
N/A
3 - Limited to blanket standard.
Legal Review/Risk Assessment

What kind of legal documentation (reviews or agreements) and risk assessment are provided?

3.0
N/A
3 - Semi-professional (e.g. Howey Test)

Compliance

The COIN is structured as a non-security asset and is intended to be 100% compliant in all countries that it is released to via ICO. COIN can be purchased directly on the exchange via fiat or other crypto currency and may also be earned via an Ambassadorship program during the launch phase of the coin and via transaction fees collect from direct referrals. Ambassadors may earn tokens by spreading the word of Coin Market via social media platforms, direct invites and forums. The legal agreement and risk disclaimer is very thorough and aims to absolve Coin Metro of all potential liabilities and does not provide a full commiment to anything leaving the legal agreement in its current state to be changed in the future as needed. The project aims to provide a whitelabeling process for new ICOs on the platform such to review legal compliance prior to listing on the Coin Metro exchange and such to ensure the coins listed on Coin Metro will provide enough liquidatity to minimize risk for potential investors. **The ICO of COIN would be considered a Security in the USA without a doubt given it directly fails the Howey test as it claims there is immediate profit potential given the bonus structure explicity stated in the ICO docuementation**

Compliance Token Sale

Company and Team

2.6
Company and Team
Company Stage and Foundation

Is the company already established? Has it raised funds before? Is it mature?

4.0
N/A
4 - Established with some fundraising history.
Background of Lead Team Members

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

3.0
N/A
3 - Minimally sufficient.
Team Assembly and Commitment

Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?

2.0
N/A
2 - Lacking in key areas.
Team Skill Set Relevance

Does the amount of talent and skill in each area seem to fit the project requirements?

2.0
N/A
2 - Lacking or inconsistent.
Team Skill Set Balance

Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?

2.0
N/A
2 - Somewhat skewed.

Company and Team

An established team with backgrounds in trading via FXPIG, blockchain, computer science, as well as legal compliance counseling. All members have verifiable LinkedIn profiles with credentials. Founded in October 2017. 11 Employees and 7 Advisors. However, only one member has blockchain development experience. Ties to FXPIG can be a good thing given it is an established FOREX trading company, however the downside would be too much collected funds going to support a non-related, non-blockchain company, which might sway the progression and future development of the platform long term

Company and Team Product

Token Sale

2.4
Token Sale
Raise Amount Max

Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?

2.0
N/A
2 - Somewhat greedy or unrelated to plans.
Raise Amount Min

Is the minimum raise reasonable considering the development plan? Are there raise-amount dependent milestones?

3.0
N/A
3 - Justifiable.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

2.0
N/A
2 - Use of funds only loosely defined.
Token Allocation

Is the ratio of tokens sold to those kept reasonable? Does it prevent the company from having too much control?

2.0
N/A
2 - Unclear or suspicious.
Media Presence and Following

Is the sale being talked about in Reddit, Bitcointalk, Social Media, Medium, etc.? Is information available and accessible? Is there interest?

3.0
N/A
3 - Some presence, lukewarm reception.

Token Sale

Pre-Token Sale pricing will start at 0.03 EUR. The price will increase by 0.02 EUR after every 12.5Mth COIN is sold. The hardcap is set to 50M. Token Sale pricing will start at 0.11 EUR (should the pre-Token Sale sell out) and increase by 0.01 EUR at each 50M softcap. The Token Sale hardcap is set to 300M (including the 50M from the Pre-Token Sale). The final COIN price during the last softcap of the main Token Sale would be pegged at 0.15 EUR cents per COIN. A maximum of 7.5M EUR, based on a percentage of the total contributions raised , is to be paid to FXPIG; the company agrees to support the Token Buyback program and invest in the shared development of blockchain trading technologies. Team allocated COIN is vested and becomes unlocked over a period of 24 months. Team members will be transferred 25% of their tokens after 6 months, and then 25% every 6 months there afterward.

Product

CoinMetro aims to be a superior exchange, specifically to Binance. Some advantages it intends to provide is the ability to purchase crypto currency with a direct fiat buy-in and allows for P2P lending for leveraged trading. Collateralized Margin wallets must be in place for the lending of currency. There is also a potential for a debit card directly connected to accounts within Coin Metro.

Category Breakdown
Readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

1.0
N/A
1 - Nothing yet, just an idea.
Appeal

How appealing is the product? How good or necessary is it? Does it have a distinct edge?

4.0
N/A
4 - Captivating.
Target User Base

Is it mass market or niche?

4.0
N/A
4 - Large audience / wide market.
Competition

Are there many other similar solutions or is this one of just a few, or even one of a kind?

2.0
N/A
2 - Quite a few / somewhat better competitors.
Innovation

How innovative or inventive is the product, either conceptually or technologically?

3.0
N/A
3 - Partial, a novel approach or aspect.
Product Score:
2.8

Use of Blockchain

On and Off chain swaps, atomic-swaps, debt-cards, crypto-ETFs with baskets of coins. The collateralized lending for trading is unique as well as the debit card system tied directly to the exchange. The only justifiable reason to have a native or custom token is to reward transaction fees to participates via the refferral program. This is not unique and is almost directly in-line with other exchange platforms such as Binance or KuCoin. CoinMetro does aim to provide a decentralized exchange

Category Breakdown
Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

2.0
N/A
2 - Some smart contract functionality.
Disruptive Blockchain Advantage

How disruptive is the introduction of blockchain technology into the product's market space?

3.0
N/A
3 - Potentially disruptive.
Need for Custom Token (vs. BTC or ETH)

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

3.0
N/A
3 - Issuing a custom token is justifiable.
System Decentralization (besides token)

How decentralized is the system architecture other than the token (e.g., data collection, storage, access, and use, or decision making processes, etc.)?

3.0
N/A
3 - Hybrid; decentralized as far as circumstances allow.
Contribution to Blockchain Ecosystem

How compelling is the solution's contribution to the evolution of blockchain infrastructure and economy?

3.0
N/A
3 - Interesting.
Use of Blockchain Score:
2.8

Whitepaper

The whitepaper is well written, easy to read and clearly states the intentions of the project. Most of the paper provides “forward looking statements” so the project has a lot of room for potential changing. The business plan and presentation is very well done and is top-notch. The platform allows for users to participate in many ways via trading, ICO launching, lending, and referrals.

Category Breakdown
Comprehensiveness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

4.0
N/A
4 - Satisfactory coverage, well written.
Readability

Is it easy enough to understand?

4.0
N/A
4 - Easy to read and understand.
Transparency

Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?

3.0
N/A
3 - Basic honesty with some hype.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

4.0
N/A
4 - Clear, well thought out, realistic.
Technology Presentation

Does it present a well thought out technological architecture? Does it address implementational challenges?

4.0
N/A
4 - Clear, well thought out, realistic.
Whitepaper Score:
3.8

Roadmap

Dev. Roadmap is clear, concise and realistic. The vision is grand and will depend on the NEM, Ethereum, and NEO blockchain ecosystems. The platform is still under basic development and the blockchain will not be developed until after the ICO. It will take about 3-months after the ICO before beta platform maybe released for public use

Category Breakdown
Concreteness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

3.0
N/A
3 - An overall plan, major milestones stated.
Feasiblity

Is the development plan realistic? Is it based on reasonable goals and timelines?

4.0
N/A
4 - Realistic.
Vision

Is there a larger, long-term vision?

4.0
N/A
4 - Long term.
Dependencies (services or capabilities)

How available, operational, or trusted are the other systems or capabilities on which the project relies?

5.0
N/A
5 - Available, trustworthy, recognized.
Current Position

Where is the project now, relative to its vision and plans?

2.0
N/A
2 - Critical obstacles ahead.
Roadmap Score:
3.6

Compliance

The COIN is structured as a non-security asset and is intended to be 100% compliant in all countries that it is released to via ICO. COIN can be purchased directly on the exchange via fiat or other crypto currency and may also be earned via an Ambassadorship program during the launch phase of the coin and via transaction fees collect from direct referrals. Ambassadors may earn tokens by spreading the word of Coin Market via social media platforms, direct invites and forums. The legal agreement and risk disclaimer is very thorough and aims to absolve Coin Metro of all potential liabilities and does not provide a full commiment to anything leaving the legal agreement in its current state to be changed in the future as needed. The project aims to provide a whitelabeling process for new ICOs on the platform such to review legal compliance prior to listing on the Coin Metro exchange and such to ensure the coins listed on Coin Metro will provide enough liquidatity to minimize risk for potential investors. **The ICO of COIN would be considered a Security in the USA without a doubt given it directly fails the Howey test as it claims there is immediate profit potential given the bonus structure explicity stated in the ICO docuementation**

Category Breakdown
Token Utility (value through usage)

How much use is there for the token itself (regardless of its value as an investment vehicle)?

3.0
N/A
3 - Limited or uncertain use cases.
Token as Security (tradable instrument)

How valuable is the token as an investment vehicle or financial instrument?

3.0
N/A
3 - Partly; compliance not fully assured.
Token/Smart-Contract Readiness

Is the blockchain infrastructure of the project ready for use? Is there a working prototype or MVP? How long until it is operational?

1.0
N/A
1 - Nothing yet, just an idea.
Attention to Compliance Issues

How much attention is given to compliance (via token and ecosystem design, token sale participation, etc.)? Is this issue addressed directly and coherently?

3.0
N/A
3 - Limited to blanket standard.
Legal Review/Risk Assessment

What kind of legal documentation (reviews or agreements) and risk assessment are provided?

3.0
N/A
3 - Semi-professional (e.g. Howey Test)
Compliance Score:
2.6

Company and Team

An established team with backgrounds in trading via FXPIG, blockchain, computer science, as well as legal compliance counseling. All members have verifiable LinkedIn profiles with credentials. Founded in October 2017. 11 Employees and 7 Advisors. However, only one member has blockchain development experience. Ties to FXPIG can be a good thing given it is an established FOREX trading company, however the downside would be too much collected funds going to support a non-related, non-blockchain company, which might sway the progression and future development of the platform long term

Category Breakdown
Company Stage and Foundation

Is the company already established? Has it raised funds before? Is it mature?

4.0
N/A
4 - Established with some fundraising history.
Background of Lead Team Members

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

3.0
N/A
3 - Minimally sufficient.
Team Assembly and Commitment

Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?

2.0
N/A
2 - Lacking in key areas.
Team Skill Set Relevance

Does the amount of talent and skill in each area seem to fit the project requirements?

2.0
N/A
2 - Lacking or inconsistent.
Team Skill Set Balance

Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?

2.0
N/A
2 - Somewhat skewed.
Company and Team Score:
2.6

Token Sale

Pre-Token Sale pricing will start at 0.03 EUR. The price will increase by 0.02 EUR after every 12.5Mth COIN is sold. The hardcap is set to 50M. Token Sale pricing will start at 0.11 EUR (should the pre-Token Sale sell out) and increase by 0.01 EUR at each 50M softcap. The Token Sale hardcap is set to 300M (including the 50M from the Pre-Token Sale). The final COIN price during the last softcap of the main Token Sale would be pegged at 0.15 EUR cents per COIN. A maximum of 7.5M EUR, based on a percentage of the total contributions raised , is to be paid to FXPIG; the company agrees to support the Token Buyback program and invest in the shared development of blockchain trading technologies. Team allocated COIN is vested and becomes unlocked over a period of 24 months. Team members will be transferred 25% of their tokens after 6 months, and then 25% every 6 months there afterward.

Category Breakdown
Raise Amount Max

Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?

2.0
N/A
2 - Somewhat greedy or unrelated to plans.
Raise Amount Min

Is the minimum raise reasonable considering the development plan? Are there raise-amount dependent milestones?

3.0
N/A
3 - Justifiable.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

2.0
N/A
2 - Use of funds only loosely defined.
Token Allocation

Is the ratio of tokens sold to those kept reasonable? Does it prevent the company from having too much control?

2.0
N/A
2 - Unclear or suspicious.
Media Presence and Following

Is the sale being talked about in Reddit, Bitcointalk, Social Media, Medium, etc.? Is information available and accessible? Is there interest?

3.0
N/A
3 - Some presence, lukewarm reception.
Token Sale Score:
2.4

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