Overall score
Code
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Idea
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Product
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Roadmap
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Adoption
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Usability
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Development
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Sm Activity
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Against Competitors
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Existing Customer Base
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Team & Founders
Team
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Advisers
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Founders
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Investors
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Community vote
Based on votes
The community score represents our users' personal view on this project.
Summary
Type
n/a
State
Complete
Country
United States
Founded
2017
Dlt Type
Blockchain
Exchanges
n/a
Regulator
United States SEC
Blockchain
Ethereum
Product Stage
Beta
Blockchain Necessity
n/a
OTC Index Position
n/a
CoinMarketCap Position
210
Last ReportLast Report
n/a
Token Appreciation
Type
n/a
Dividends
n/a
Inflation
n/a
Usability
n/a
Financial Summary
Price
$0.40
Fair value
n/a
Market cap
$18,313,089
24H Change
1.10%
Last 1 month
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Last 3 months
n/a
Last 6 months
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Team Share
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Volatility
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All Time High
n/a
Btc Dependency
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Biggest Holder
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Technical Evaluation
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ROI in USD
n/a
ROI in ETH
n/a
Token sale
End Date
2017-06-09
Hard Cap
n/a
Soft Cap
n/a
Start Date
2017-06-09
Total Raised
$1,945,000
Price On Ico Eth
n/a
Price On Ico Usd
0.12
MTL
Industry Analysis (MTL)
Industry Analysis
Metal tries to encourage users to adopt cryptocurrencies as it helps them enjoy a fair inter-operability between the fiat and crypto world
A team composed of diverse individuals with experience from Bitpay, American Express, Apple, Dogecoin, VentureMe and Swipe Labs.
About project
Metal is a user-friendly mobile application that rewards users for converting fiat currency into digital currency (cryptocurrency). Moreover, the platform rewards users for sending money through the platform.
The main difference with Bitcoin is that Metal has an interface, which is very user friendly and has a frontend that is quite similar to the one on PayPal, Square or Venmo. Moreover, it can also work as a bridge between Metal and Bitcoin or any of the other available cryptocurrencies.
Businesses can start using Metal as their cryptocurrency instead of cash since privacy during transactions is ensured by Metal. Consumers also stand to gain from using this cryptocurrency instead of the traditional banking system since it can help consumers save at least four to five percent on purchases they make. A payment platform is used in conjunction with KYC (know-your-customer) identification system. This results in creation of a distributed cryptocurrency system using proof of processed payments (PoPP) that function using Ethereum blockchain.
Metal plans to use a system, which makes use of provable payments that are linked to verified identities for distributing currency. Firstly, it acts a provable way to identifying users and distributing new currency into the Metal platform. For identification purposes, the system will require your social security number or passport ID, your photograph, which can be either a selfie or picture of identifying documents. For the system to process your payment, it will require your credit/debit card or your email address if you do not have a credit/debit card. Secondly, PoPP rewards users who convert fiat currency into crypto through the Metal system. More specifically, both sender and receiver get 5% of the gross amount transacted in the form of Metal tokens once a payment is completely settled and a bank transfer or crypto issued. For instance, if you send someone $100 in MTL, both you and the receiver will get 5 MTL each.
Metal has not only built a business around merchant processing, but also offers a fully featured banking service. Metal allows consumers to link their debit/credit cards to its platform in order to send money. Metal's platform is user-friendly and pegs digital currency to fiat value to neutralize price fluctuations. On the security front, the platform uses multi-signature technology with Bitcoin, omni layer, as well as other alternative cryptocurrencies.
Core team
No results
Advisors & CM
No results
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