Mtl Coin: A Good Investment Option?

Metal (MTL) is a blockchain project that aims to simplify cryptocurrencies and make them more accessible to the general public. It does this through a payment app and platform that compensates users for money spent, sent, and received. Users can earn up to 5% in MTL tokens for transactions made with the Metal Pay app. The MTL cryptocurrency was launched in 2017 and has seen some fluctuations in price since then. As with any cryptocurrency investment, it is important to research properly before investing.

Metal Pay's cashback rewards

Metal Pay is a platform that allows users to buy, sell, and transfer crypto without fees, while also earning cashback rewards for their transactions. Users can earn up to 5% back in MTL tokens for carrying out transactions using the Metal Pay app. This means that if you were to pay $1,000 to someone through the app, you would receive $50 in cashback rewards.

The Metal Pay app was developed to simplify the process of buying and selling crypto. It was started in 2018 as a way to pay fewer fees when buying or selling crypto. While it's not completely free, users can significantly reduce or even completely eliminate transaction fees by owning MTL tokens. Firstly, users that pay their fees in MTL tokens get a discount. Secondly, holders of more than 10,000 MTL tokens (around $70,000) pay no fees when buying, selling, or transferring crypto on the Metal Pay platform.

The cashback reward system is sustainable because Metal reserved more than 26 million tokens (around 40% of its total supply) to fund it. This is no different from other financial institutions that offer cashback rewards for using a particular credit card for purchases.

Metal's blockchain and PoPP

Metal blockchain is a Layer 0 solution designed for financial institutions and fintechs, with BSA compliance, digital identity, and private subnet architecture for secure, tailored financial innovations. Metal blockchain's design enables an infinite number of subnets, each capable of processing 4,500 transactions per second, allowing for unlimited total transactions per second across all subnets. This unique approach to scalability ensures that the Metal blockchain can handle a massive volume of transactions, making it highly efficient and scalable for decentralized applications and enterprise blockchain deployments.

Metal blockchain's consensus mechanism is called Proof of Processed Payment (PoPP). PoPP is a consensus mechanism that distributes tokens to users for sending, receiving, and purchasing through the Metal Pay app. It is designed to reward good behaviour and punish bad behaviour to keep users from gaming the system. There is a cap of $1000 in MTL rewards per month for individuals and $5000 for merchants.

The Metal blockchain is built on the innovative Snow protocols introduced by Avalanche, with the addition of a fourth subchain called the XPR Network (A-Chain). The A-Chain is based on the Antelope (formerly EOSIO) protocol and incorporates WebAssembly (WASM) to enhance its performance. This makes the Metal blockchain a more scalable and resource-efficient platform for facilitating transactions and powering DeFi applications.

The Metal blockchain offers a seamless and user-friendly experience for Web3 adoption by eliminating the need for external wallet software outside of the browser. It plans to achieve this by incorporating Web Authentication (WebAuthn) support for the Ethereum Virtual Machine (EVM), making it more convenient and secure for users to interact with the blockchain using their browsers.

Overall, the Metal blockchain is a highly performant and secure platform that enables the launch of decentralized applications and enterprise blockchain deployments in a scalable and efficient manner.

MTL's value and price predictions

Metal (MTL) is a blockchain project that wants to simplify cryptocurrencies and make them more accessible to the general public. It does this through its payment app and platform, Metal Pay, which compensates users for money spent, sent, and received in the form of MTL tokens.

MTL's value has fluctuated since its launch. The MTL cryptocurrency was launched via an initial coin offering (ICO) on 9 June 2017. The team sold 55 million tokens at $0.18 per token, raising over $10 million. Following the ICO, the MTL token reached an all-time high of $13.86 in September 2017. However, since then, the coin has been on a downward trajectory, with a price of $0.28 at the beginning of 2019.

MTL saw a rally in December 2017 to $10.87 and then again in January 2018 to $10.81. The price dropped to around $0.4 in December 2020. In 2021, MTL tokens were being traded for around $6.80, a 1600% increase from December 2020, but still far from its all-time high in 2018.

In March 2021, Metal Pay was granted a money transmitter licence from the US state of Washington, which caused a 250% increase in the value of MTL. As of August 2024, one MTL costs approximately $3.

Some sources predict that MTL prices could rise above $10 by the end of 2021 and possibly break its previous all-time high of $14 per token. However, other sources predict that the price of MTL will drop further and that it is not a good investment option due to its negative outlook and low market cap.

MTL's competitors

Metal Pay (MTL) is a blockchain project that aims to simplify cryptocurrencies and make them more accessible to the general public. It is a payment app and platform that compensates users for money spent, sent, and received. This includes both fiat and digital currencies. Users can earn 5% in MTL tokens for transactions using the Metal Pay App.

MTL's main competitors are other payment processing apps, such as AppCoins, Paypal, Venmo, Alipay, and WeChat Pay. These are centralised solutions that do not reward users. However, Paypal has registered several blockchain patents and is likely aware of the competition from Metal Pay.

In the blockchain space, Coinbase Commerce is a useful platform for merchants but does not provide any rewards. The Bread wallet has its own cryptocurrency, BRD, but again, there are no rewards issued for using the wallet.

Other competitors include online trading platforms for various assets, such as stocks, crypto, ETFs, forex, CFDs, and commodities. Some of these platforms offer tools for retirement planning, portfolio management, and market news and insights.

MTL's early success

Metal (MTL) is a blockchain project that wants to simplify cryptocurrencies and make them more accessible to the general public. It does this through a payment app and platform that compensates users for money spent, sent, and received. This includes both fiat and digital currencies.

The Metal Pay app allows users to make micropayments quickly and cost-effectively. They also have their own proprietary cryptocurrency that they use to reward users when they spend with the wallet. For example, if a user spends $100, they get $5 back in MTL tokens, which can be easily converted to cash or other cryptocurrencies within the app.

The Metal Vault, which was released in October 2017, was the company's first application. It is a web wallet for storing MTL and any other ERC-20 token, as well as BTC and ETH. Metal Pay, the payment processing app, was released in September 2018. It allows US users to send and receive money using just the recipient's phone number.

In May 2018, Metal acquired the micro-investment app Crumbs and integrated it into its ecosystem. With Crumbs, users can link their credit and debit cards, and every purchase will be rounded up to the nearest dollar to purchase small amounts of MTL.

By March 2021, Metal Pay had seen a 250% increase in value after being granted a money transmitter license from the US state of Washington. In 2023, MTL was trading at around $6.80, a 1,600% increase from December 2020 when prices were at $0.40. However, prices were still lower than MTL's all-time high in 2018, when prices reached almost $15 per token.

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