In celebration of EXM’s birthday, we take a closer look at EXMO’s native token, its advantages, as well as its role in the crypto portfolio.
At its core, EXMO Coin (EXM) is a popular business model implemented by many crypto exchanges to allow traders to receive bonuses and benefits for using exchange tools and, at the same time, also boost their confidence and offer safety for their investments.
EXMO Coin is EXMO’s native utility token that fully complies with international security standards such as ISO/IEC 27001 and the CryptoCurrency Security Standard (CCSS).
Every quarter, the EXMO team goes through a process where it burns EXM received from Premium Cashback sales. The idea behind these burns is to reduce EXM supply by as much as 50%.
Each burning event reduces the number of tokens in circulation, thus reducing their supply. Therefore, the token’s price rises even when demand remains unchanged. The issuance of additional EXM coins is impossible.
|Burn event||EXM burned||EXM price in BTC*||EXM price in USDT*||USD value*|
*at the time of burning
EXMO Coin provides several advantages to its owners and is suitable for both trading and holding.
EXM’s trading volume from the beginning of 2021 until October exceeded $215 million – almost a 14 times increase compared with the previous year.
One of the main EXM’s advantages is that it reduces service prices for traders, including crypto trading fees. Therefore, EXMO Coin holders get the opportunity to buy a Premium Cashback package that reduces fees by up to 100%.
According to Cryptorank, EXM’s 30-day volatility stood at 8.82% as of 2nd November 2021. This makes EXM tokens perfect for active trading.
EXM is also a perfect portfolio diversification tool thanks to its low correlation with major cryptocurrencies. The chart below shows EXM price growth amid the June market correction. This month, EXMO Coin has shown a moderate negative correlation of 0.55-0.65 with most other altcoins.
EXMO Coins are good for holding since the tokenomics model provides for an increase in token value in the long run. As of 31st October 2021, 42% of all EXM have been held for a long time – more than three months. More than 60% of EXMO Coins have been purchased after the June price correction.
These have been two active and fascinating years for our native token. To mark EXM’s anniversary, we have decided to add some surprises throughout November.
In celebration of EXM’s birthday, we have launched three new achievements: 2021 EXMfest pass, 2021 EXMfest VIP and 2021 EXMfest insider. At the end of the month, we will randomly select winners among all participants who unlock these achievements and give them awesome EXMO T-shirts or EXM tokens.
On Monday, 22nd November 2021, we will take a snapshot of EXM balances and airdrop 40,000 EXM. We will give 200 EXM tokens to 200 random users holding at least 1,000 EXM in their accounts.
To make the next quarterly EXM burn even more efficient, we have decided to burn all EXM received as fees for EXM trading in November, along with other EXMO Сoins.