Continuing the series of articles about Coin and Token Of TechtipsnreviewToday, let’s learn about Metal (MTL) coins!
Let’s go!
What is Metal (MTL)?
Metal (symbol: MTL) is a token built according to ERC-20 standards on the Ethereum Blockchain platform.
Metal (MTL) is the official token of the Metal Pay payment application released by Metallicus, Inc on June 20, 2017 through ICO funding.
Basic information about Metal (MTL) copper
- Ticker: MTL
- Contract: 0xF433089366899D83a9f26A773D59ec7eCF30355e
- Decimal: 8
- Blockchain: Ethereum
- Token Standard: ERC-20
- Token Type: Utility Token
- Total supply: 66,588,888 MTL
- Circulating supply: 45,212,327 MTL
Token Allocation
The total number of Metal tokens will be distributed according to the following ratio:
- 21,088,888 MTL is for a token sale (aka ICO).
- 2,000,000 MTL is held by the project development team and will be disbursed every month for 1 year.
- 3,780,000 MTL is divided among employees and advisors.
- 13,378,888 MTL used for operating, project activities will be unlocked after 1 year.
- 26,341,112 MTL issued through Proof-of-Processed-Payments program and locked for 12 months.
Metal Rate (MTL) Today
What is Metal (MTL) used for?
Metal Token (MTL) is used for the main purpose of: Reward when users use Metal Pay payment application such as paying expenses, transferring money, receiving money.
In there:
- Users and businesses will receive up to 5% bonus up to $1000/month for users and $5000/month for businesses.
- The requirement is that the account must be KYC and AML (Anti Money Laundering).
- This 5% will be deducted from PoPP Issuance which means this program will end when the amount in PoPP Issuance runs out.
Metal Transaction Fee (MTL)
Metal (MTL) does not charge a fee for transferring MTL tokens between Metal Pay accounts.
However, there is a fee for you to transfer MTL tokens between wallets on Ethereum!
How to calculate fees on Ethereum Network, you can refer here: https://ethgasstation.info/
In addition, you also have to pay fees when depositing and withdrawing MTL tokens on exchanges.
Each floor stipulates different fees, so please find out more!
Example: MTL deposit and withdrawal fee on Binance exchange:
- MTL deposit fee: Free.
- MTL withdrawal fee: Minimum 4.2 MTL and withdrawal fee is 2.1 MTL.
How to earn and own Metal (MTL)
Normally, you can earn free tokens or coins through the project’s Airdrop/Bounty programs. But Metal (MTL) has no Airdrop program. So you can go to the exchange to buy MTL directly!
In addition, when you pay, send and receive money through the Metal Pay application, you can receive an amount of up to 5% in MTL.
Metal (MTL) has a Refferal program. When you refer friends to use Metal Pay with your referral link, both of you will get 6$ each in MTL.
Safe Metal (MTL) Storage Wallet
First of all, Metal has officially developed their own storage wallet, so you can store MTL tokens right on Metal Vault.
And as I mentioned, Metal (MTL) is an ERC20 token, so you can store MTL in some Ethereum-enabled wallets such as: Ledger Nano S, Trezor, Imtoken, Myetherwallet, Mycrypto, Metamask…
Besides, you can also store MTL on exchanges that allow trading of MTL tokens.
However, you need to pay attention to the security of the floor.
Metal Exchange (MTL)
Currently, Metal (MTL) has been in operation for nearly 2 years and MTL is also traded on highly liquid exchanges such as Binance, Upbit, Bittrex, Huobi Global etc..
With a total trading volume of nearly $2 million within 24 hours, it shows that the liquidity of MTL is quite good.
In which, MTL is traded mainly on Upbit exchange (49.05%) and Binance (45.34%).
Metal Futures (MTL)
To know what the future of the Metal token (MTL) is, you just need to look at the Metal Pay project.
Current Metal Pay situation:
- Metal Pay has reached 35,000 users after nearly 2 years of development.
- The value of the payments market is valued at more than $20,000 trillion.
- Both traditional and Crypto competitors such as Bread (BRD), Coinbase Commerce, Venmo, Square Crypto, Square Pay etc. are all strong competitors.
- There is a program that attracts users but feels that it is not very effective.
Should you invest in Metal (MTL)?
Before investing in any token, you should learn carefully and as much information about that token as possible.
And that, me and the team Techtipsnreview tried to do. Bringing you the most complete information possible about Metal (MTL).
From there, you can consult and have your own opinion whether to invest in Metal (MTL) or not?
Disclaimer: All information contained in this article is for informational purposes only on Metal (MTL) This should not be considered investment advice. Investment Cryptocurrency is a form of risky investment, only participating with the amount of capital you can lose.
summary
Phew, it’s finally done!
I hope that after reading this article, you can fully grasp the information about Metal (MTL).
I will note some key points about the MTL token:
- Metal (MTL) is the token used in the Metal Pay payment application.
- The MTL coin is an ERC-20 token that runs on the platform of Ethereum.
- The total supply of MTL tokens is nearly 66 million MTL and cannot be mined.
- MTL has a payment and reward function for Metal Pay users.
If you have any questions about the writing, please let me know! You can leave comments at the end of the post. Me and the team Techtipsnreview Will reply to you as soon as possible.
Another way, you can exchange directly in the Techtipsnreview Insights Facebook Group!
Best regards and see you in the next posts!
Source: What is Metal (MTL)? Complete set of cryptocurrency MTL
– TechtipsnReview
