What is Metal Crypto Currency?A brief description of Metal.
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.
The purpose of Metal
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 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.
More information can be found in the Metal whitepaper https://www.metalpay.com/assets/pdf/whitepaper.pdf
Other Metal facts
- Trading symbol: MTL
- Governance: Centralized > Hierarchical
- Open source: No
- Product status: Beta version
- Consensus method: Ethereum consensus (currently proof of work, will be proof of stake later on)
- Emmission rate: No new tokens created
- Transactions per second: Unfortunately we don’t have this data available.
- Total Supply: 66,588,888
- Release date: 2017-06-09
Usefull Metal links
- Metal’s Website
- Metal pricing data & fundamental Metal information
- Metal’s Website
- Metal official blog
- Metal’s Bitcointalk Forum
- Metal’s Reddit Forum
- Metal’s block explorer
- Metal’s Alexa site stats
- Metal’s official forum: n/a
- Metal’s Github code repository:
- Metal’s roadmap:
- Metal’s team page: https://www.metalpay.com/#contact
- Metal’s whitepaper: https://www.metalpay.com/assets/pdf/whitepaper.pdf