Metal logo

Metal

MTL

Price
$0.77
12/4/2022, 11:37:35 PM
diamondHands

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Market

Market stats

Market cap

$51.0M

Volume (24h)

$5.6M

Circulating supply

66.6M MTL

Typical hold time

10 days

Trading activity

Not enough data

Popularity

#133

All time high

$14.82

Price change (1h)

0%

Price change (24h)

+1%

Price change (7d)

+1.86%

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Metal is on the rise this week.

The price of Metal has risen by 1.86% in the past 7 days. The price increased by 1.00% in the last 24 hours. In just the past hour, the price shrunk by 0.00%. The current price is $0.77 per MTL. Metal is 94.83% below the all time high of $14.82.

The current circulating supply is 66,588,888 MTL.

About

MTL is an Ethereum token that powers the Metal's products and ecosystem. Metal is a payment processing applications that provides its users with the facility to convert their fiat currencies into cryptocurrencies and vice-versa.

Resources

What Is Metal (MTL)?

Metal (MTL) is the token offering of Metal Pay, a platform that aims to make cryptocurrency transactions easier for consumers. The platform plans to provide a more straightforward interface for the users, such as trading on crypto to dealing with it in real-time. With the specialized KYC identification marketplace, the platform aims to make it easier for users to transact in several cryptocurrencies. The platform also uses the Proof of Processed Payments (PoPP) consensus for approving transactions. 

Proof of Processed payments helps identify a user before distributing currencies in a transaction. Metal Pay seeks to incentivize the usage by rewarding the users for the transactions on the platform. The metal token works on the Ethereumblockchain

According to the whitepaper, Metal Pay offers MTL tokens as rewards to users who transact on the platform. The whitepaper also elaborates that the users can get credits from the platform with MTL. The platform also aims to offer discounts to users with MTL tokens and therefore encourage the adoption of Metal Pay. Accordingly, Metal Pay aims to provide the following benefits:

  • Concessions to MTL merchants

  • Concessions to users of Metal tokens on the platform

  • Benefits in the form of pay features on the platform

The platform aims to create 66 588,888 MTL tokens. The platform plans to keep aside 31% (26,341,112). The remaining is available for token distribution on the platform. From the available MTL, 18% goes to legal, 40% to development, and 15% to marketing. The platform plans to use 17% for operational purposes and 10% reserve. To make the distributions transparent, MTL uses a two of three escrow, wherein two of the three members need to approve raising operational funds. 

An escrow is a third-part smart contract where a platform stores the tokens before completing a transaction. So, by making transactions and token distributions transparent, Metal Pay aims to make the platform user-friendly, with a faster exchange.

History of Metal (MTL)

Metal and Metal Pay, the platform, are a product of Metallicus Inc, a Delaware company. According to the profile, the company has a traditional structure with Marshall Hayner as CEO and Glenn Mariën as CTO, a crypto enthusiast, and a wizard. Irina Berkon is the CFO and comes with 15 years of experience in corporate finance.

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FAQ

What is the current price of Metal?

The price of 1 Metal currently costs $0.77.

What is the market cap of Metal?

The current market cap of Metal is $51.04M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Metal?

The all-time high of Metal is $14.82. This all-time high is highest price paid for Metal since it was launched.

What is the 24 hour trading volume of Metal?

Over the last 24 hours, the trading volume of Metal is $5.58M.

What other assets are similar to Metal?

Assets that have a similar market cap to Metal include XSGD, Ampleforth, DFI.Money, and many others. To see a full list, see our comparable market cap assets.

How many Metal are there?

The current circulating supply of Metal is 67 million.

What is the typical holding time of Metal?

The median time that Coinbase customers hold Metal before selling it or sending it to another account or address is 10 days.

What is the relative popularity of Metal?

Metal ranks 234 among tradable assets on Coinbase. Popularity is currently based on relative market cap.