Metal ICO Details

Learn all there is to know about the Metal initial coin offering.


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...


Status Finished
Token Type ETH (ERC20)
ICO Dates 09/06/2017 - 08/07/2017
Funds Raised $9,000,000
Whitepaper Read Whitepaper
Website Go To Sale Website
Features Escrow,Bonus,Bounties,Mineable
Jurisdiction N/A

Background

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.

Team:

  • Marshall Hayner: CEO, Founder.
  • Oscar Munoz: Chief Compliance.
  • Madisyn Li: Creative Director.
  • Andy Goldstein: Chief Strategy.

Token Reserve Split (28,6%):

  • 20%  - Operation Pool for Metal Project;
  • 5,6% - Employees/Advisors;
  • 03%  - Metal Foundation;

Metal ICO campaign featured bonus, bounties, escrow and the token is mineable.


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