Metal is a blockchain-based system utilizing Proof-of-Processed-Payments to identify users, rewarding them for converting legacy fiat currency into cryptocurrency, acting as a bridge to the cryptocurrency world. Metal's system uses provable payments attached to verified identities to distribute currency. Anyone can participate to earn METAL as a reward for converting fiat to cryptocurrency. The Metal project aims to provide all of the financial services small to medium-sized businesses (SMB) might need.
The MTL token is the native currency within the Metal system and it's distributed through a Proof of Processed Payments (PoPP) in which users earn MTL for sending money or making purchases.
The MTL token is the native currency within the Metal system and it's distributed through a Proof of Processed Payments (PoPP) in which users earn MTL for sending money or making purchases. Metal projects $2,951,000 will provide over two years of operating expenses with a team of ten people. Furthermore, Metal expects to be revenue positive in its first year. Additionally, Metal has raised $556,000 in equity from venture firms Alphabit Fund, G2 Ventures, Gateway, Erik Voorhees, Andrew Lee, among others. This funding was completed prior to the token sale, which has allowed Metal to make crucial hires and expenditures.
Metal held its ICO on June 9, 2017. The ICO token supply represents 71,4% of the total token supply at the time.
Token Reserve Split (28,6%):
Metal ICO campaign featured bonus, bounties, escrow and the token is mineable.
|Fund Raised (BTC)||N/A|
|Fund Raised (USD)||9000000|
|Start Price (USD)||0.18|
|Security Audit Company||N/A|
|ICO Legal Form||Corporation|