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Highlights
- Metal (MTL) is an ERC20 utility token that operates on the Ethereum blockchain.
- The trading fees in MTL is slashed for the users who hold MTL token in their wallets on Metal Pay.
- MTL was trading US $4.42 with a 24-hour trading volume of US $2,28,53,65,3959 according to CoinMarketCap.
Metal (MTL) is an ERC20 utility token that operates on the Ethereum blockchain. Working on the Proof-of-Work (PoW) consensus, Metal can best be described as a decentralised, secure, and innovative payment platform which allows the users to make cryptocurrency transactions like buy, sell, or send sell cryptocurrency in the real world.
The trading fees in MTL is slashed for the users who hold MTL token in their wallets on Metal Pay. Besides this, the MTL once it’s wrapped in a liquidity pool, the users can benefit from the prospect of earning a passive income through it through yield farming. This way not only the MTL users get to save the money, but also get to make cheaper trades.
Also Read: What's happening in the crypto space?
What are the key features of MTL token?
The Metal platform aims to provide solutions to all the banking and payment problems. With it the users can bring cryptocurrency closer to the real world and transact on the platform just like a normal fiat transaction. Unlike any other cryptocurrency, MTL coins doesn’t have to go through the mining blocks or stacking instead it only has to focusses on the platform’s features to complete the payment functions or to convert fiat to MTLs.
Is MTL Network a good investment for you?
MTL token is ranked 167 on CoinMarketCap. According to CoinMarketCap, the MTL is trading at US $4.42 with a 24-hour trading volume of US $2,28,53,65,395. At the time of writing (BST 8:00 am), MTL was up by 62.18% in the last 24 hours. LTO currently has a live market cap of US $29,00,48,801 with a circulating 6,55,88,845 MTL coins.
MTL token has generated much debate and interest of late. With the price of altcoins seeing an increasing spike, MTL too has aroused much interest amongst the investors. MTL first started shooting up around 25 August registering a high by 76%. Then on 27 August it gained by a massive 98%. The surge further continued after the project received its money transmitter license for the state of Georgia in US on 31 August. The residents of Georgia can now legally use the services of Metal Pay to make transactions.
Conclusion
MTL token projects itself as a strong coin and a good investment option. The recent turn of events and the bullish run has definitely enthused investor confidence and with the payment services easily accessible through their phones, gives the users the easier to operate facility as well. Being highly secure, MTL can benefit from the usage of it without the fear of losing money in the highly volatile crypto market.
