What is Metal?
Metal (MTL) is a cryptocurrency token developed by Metallicus Inc for its Metal Pay platform, designed to make crypto transactions easy for consumers. Metal Pay aims to offer a user-friendly interface for trading and dealing with cryptocurrencies in real-time. The platform includes a specialized KYC identification marketplace to facilitate transactions in various cryptocurrencies. Metal Pay also utilizes Proof of Processed Payments (PoPP) consensus for transaction approval.
PoPP is a unique mechanism that verifies user identity before distributing currencies in a transaction. Metal Pay incentivizes users for their transactions on the platform by rewarding them with MTL tokens. The tokens operate on the Ethereum blockchain. According to the Metal Pay whitepaper, users can use MTL credits to access features on the platform and receive discounts on transactions. The platform plans to create 66,588,888 MTL tokens, with 31% reserved for the platform and the remaining available for distribution. Of the available MTL, 18% will be used for legal, 40% for development, and 15% for marketing. The platform will use 17% for operational purposes and keep 10% in reserve.
To ensure transparency, Metal Pay uses a two-of-three escrow mechanism, where two of the three members must approve raising operational funds. This process ensures secure token distributions and transactions, making the platform more user-friendly and efficient.
Metal and Metal Pay are products of Metallicus Inc, a Delaware-based company. Marshall Hayner is the CEO, and Glenn Mariën is the CTO, while Irina Berkon is the CFO, bringing with her 15 years of corporate finance experience. Metal Pay aims to offer the following benefits:
- Concessions to MTL merchants
- Benefits to users of Metal tokens on the platform
- Pay features on the platform
Metal Pay's goal is to simplify cryptocurrency transactions, making them accessible and user-friendly. With its innovative PoPP consensus, MTL tokens, and user incentives, Metal Pay is well-positioned to achieve this objective.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
Stay ahead of the competition by accessing high-quality data, advanced tools, and expert research.Try for Free