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Metal

Metal (MTL)

$ 0.31
-4.32 %
Main info
News
Comments
Markets
Analytics
Market cap
$29.85M
-4.32 %
Volume (24h)
$756.79K
-4.32 %
Circulating supply
86,147,287 MTL
Total supply
86,147,287 MTL
Max. supply
86,147,287 MTL

About Metal

Overview of Metal

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.

Benefits for Cash-Only Businesses

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.

Cost Savings with Metal

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.

Key data

updated $0
Market cap$29.85M
Volume 24h$756.79K
Circulating supply86.15M100% of max 86.15M
All-time high$17.03-98% from peak · 2018-06-20

Metal (MTL) is a cryptocurrency designed to facilitate payments and rewards within the Metal Pay ecosystem. It operates on a Proof-of-Processed Payments (PoPP) consensus mechanism, aiming to bridge traditional finance with digital assets. The token is built on the ERC-20 standard, making it compatible with Ethereum wallets.

Frequently asked questions

What is Metal and how is it different from other cryptocurrencies?

Metal (MTL) focuses on payment processing and rewards, distinguishing itself with its PoPP consensus, which validates transactions based on real-world payment activity. Unlike typical Proof-of-Work or Proof-of-Stake systems, PoPP ties mining to actual financial transactions.

How does Metal's PoPP consensus mechanism work?

PoPP rewards users for processing payments through the Metal Pay app. Validators earn MTL tokens by verifying transactions, creating a system where usage and participation drive network security and token distribution.

How is Metal's token supply managed?

MTL has a fixed supply, with tokens distributed through PoPP rewards, promotions, and ecosystem incentives. No new tokens are created beyond the initial supply, ensuring scarcity.

How can I store and use Metal tokens?

As an ERC-20 token, MTL can be stored in any Ethereum-compatible wallet like MetaMask or Ledger. It’s used for payments, cashback rewards, and fee discounts within the Metal Pay ecosystem.