Metal MTL

$0.2093
Market Cap $ 6.860 MM (#263)
24h Volume $ 255.840 K
Chg. 24h: -4.82%
Algo. score 3.3/5  (#371)
Show Quick Stats

Metal project purpose and description

Metal clarity of purpose

Metal purpose and aspects

Focuses on user friendliness, Instant transactions, Transfer money instantly around the globe with nothing more than a phone number, Earn rewards every time you spend or make a purchase, Send payments to friends and family with a click, World class technical support available 24/7

Metal additional differentiation against competition

--

Short description

METAL (MTL) is our native currency. METAL is fairly distributed through a process known as: Proof of Processed Payments (PoPP). When you send money or make purchases you earn a little reward in METAL for every dollar you spend.

Abstract

Metal is a blockchain-based system utilizing Proof-of-Processed-Payments to identify users, rewarding them for converting legacy fiat currency into cryptocurrency. It is a system similar to bitcoin but with a user-friendly interface and front-end that is similar to Venmo, Square or PayPal. Metal can act as a bridge to bitcoin or any cryptocurrency available. Many small businesses across the world prefer to only accept cash. However, in an increasingly cashless society, refusing to accept digital and card payments can be problematic. Put simply, Metal believes cash only businesses can benefit by adopting cryptocurrency as a new new form of cash, as cryptocurrencies possess many of the same properties particularly around privacy, censorship resistance and fungibility. In order to bring digital payments into a world that utilizes blockchain-based technology over some traditional banking rails, Metal expects to save consumers 4-5% on all purchases.

Link to Roadmap: n/a
Enjoying our data? We have spent over 4000 hours on Platform Development and Coin Research. Donations are welcome!
Trading and investing in digital assets is highly speculative and comes with many risks. The analysis / stats on CoinCheckup.com are for informational purposes and should not be considered investment advice. Statements and financial information on CoinCheckup.com should not be construed as an endorsement or recommendation to buy, sell or hold. Please do your own research on all of your investments carefully. Scores are based on common sense Formulas that we personally use to analyse crypto coins & tokens. We'll open source these formulas soon. Past performance is not necessarily indicative of future results. Read the full disclaimer here.
Dark Theme   Light Theme