What is MTL?
MTL is the cryptocurrency of Metal, a blockchain system that uses the PoP (Proof of Process) payment algorithm to perform certain functions. This decentralised system helps to reward and identify users for converting their fiat currencies into cryptocurrencies. Typically, Metal acts as a bridge for different cryptocurrencies, including Bitcoin on the platform. Metal blockchain runs on the Ethereum dApps platform; hence its token is compatible with ERC-20 wallets. The MTL tokens are rewarded to users who make transactions to any available currency. More importantly, MTL can be used as a payment method within the blockchain. The idea behind this blockchain is to encourage users to enter the crypto market by incentivising them whenever they convert their coins. That means users can get rewards simply for converting their fiat cash into cryptos. The platform also has launched an exchange site where you can exchange your fiat into cryptos within minutes.