What is Metal (MTL)?
MTL is the native token of the Metal Pay platform founded by Metallicus. It essentially allows users to make instant payments with crypto assets. However, they can also link their bank accounts and use their cash balances. Furthermore, all transactions made on the platform are free, meaning there are no transaction fees.
Overall, users can sell, buy, and trade over 50 cryptocurrencies through the Metal Pay Marketplace, utilizing cash stored in FDIC-insured accounts at Metal Pay partner banks. Check out the Metal price chart above to see the asset's historical performance and the current MTL price.
The Metal team also released the Metal Pay credit card, which provides users monthly MTL rewards for purchases made using US dollars.
MTL tokens can be used for purchasing various things using Metal Pay, or they can be traded for other crypto assets. However, MTL tokens can also be held with the potential of growing their value.
The max supply of MTL is 66,588,888 tokens. This means that the token is deflationary. Over time, the supply will become more scarce, leading to an increased MTL price.
The Founders of Metallicus
The Metal crypto project was developed by a company called Metallicus. It was founded by Marshall Hayner and Glenn Mariën.
The Metal coin was launched in June 2017, following an Initial Coin Offering (ICO). At the time, the Metal price was $1.67. The asset has shown mild-to-high volatility from its early days in the market. Additionally, it tends to follow the broader bullish and bearish crypto market sentiments.
During its first year since listing, the MTL price peaked at $14.82 (September 2017). However, once the so-called Crypto Winter began, the asset's value plummeted to $0.20. It experienced market growth again in the first half of 2021, leading to a prolonged period of increased volatility and daily price fluctuations.
Marshall Hayner is the CEO of Metallicus. He refers to himself as a serial entrepreneur and crypto enthusiast. Prior to founding Metallicus, Hayner worked at the Stellar Development Foundation as a contractor and served as CMO at Block.io. Besides that, he founded Blockai.
Glenn Mariën is the CTO of Metallicus. He is a full-stack developer who refers to himself as a crypto wizard. Before founding Metallicus, he worked at companies such as Cronos, Fenego, and iDA Mediafoundry. Besides, he launched such projects as Dogechain.info and BitBetween.
The team is also accompanied by Irina Berkon, who is the CFO of Metallicus. She is a pioneer in the field of corporate finance. Besides working with Metallicus, she is a Managing Director of Golden Seeds, as well as co-founder and director of First Blockchain Bank and Trust Holdings.
If you plan to buy Metal coins, note that the MTL price is liable to change. This happens because, similarly to the pricing of other digital assets, the volatility of the overall crypto market has an effect on the asset.