Metal DAO (MTL) Price

MTL

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Before trading any crypto assets it is important to understand the risks. This overview summarizes certain risks associated with MTL. 

No securities regulatory authority has expressed an opinion about MTL, including an opinion that MTL itself is not a security and/or derivative.    

Token Description & Project Background

Metal Pay is a mobile payments platform focused on cryptocurrencies, operating within the Metal Ecosystem. Designed with a user-friendly interface similar to popular apps like Venmo and CashApp, Metal Pay aims to provide a comprehensive payments infrastructure, enabling users to effortlessly send both cash and crypto to friends and family. According to Messari, all cash balances held within the Metal Pay app are insured by the Federal Depsoit Insurance Corporation (FDIC), offering users added security.  Users have the option to transact using their existing balance or link their bank details. Furthermore, the cash balance can be utilized to purchase digital assets through Metal’s in-app marketplace and can be withdrawn at any time. 

MTL serves as the native token of the Metal Pay platform. Users are rewarded with 5% of their total transaction volume in MTL and can also benefit from discounts when making payments and purchasing digital assets on the platform. 

Metallicus Inc, a San Francisco based firm, developed MTL and launched the project in 2017. The foundation was established by Marshall Hayner, Glen Marien, and Irina Berkon. In 2017, they successfully raised approximately US$2.5 million through a series of sales. Hayner brings extensive experience in the cryptocurrency ecosystem, having held previous roles with Blockai, Stellar Development Foundation, Dogecoin Foundation and Block.io. 

Risks of MTL

Like an investment in other crypto assets, there are some general risks to investing in MTL. These include:  (i) volatility risk and liquidity risk, (ii) short history risk, (iii) demand risk, (iv) forking risk, (v) code defects, (vi) regulatory risk, (vii) electronic trading risk, and (viii) cyber security risk. For additional information of these and other general risks associated with crypto assets and Uphold’s platform, please refer to the Risks Specific to Holding Digital Assets statement.

In addition to these general risks, an investment in MTL is subject to the following specific risks:

  • MTL operates using smart contracts, which have an association with vulnerabilities and security breaches. Despite undergoing successful audits by well-regarded third-party entities, it is essential to acknowledge the existence of inherent risks.

We emphasize that this Crypto Asset Statement is not an exhaustive description or summary of all risks associated with MTL. Investors should conduct their own research and perform their own assessment before trading any crypto asset to determine the appropriate level of risk for their personal circumstances.

The MTL community and Metal DAO are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of MTL have no recourse to MTL founders, Metal DAO  or Uphold if MTL declines in value for any reason.

Changes to applicable law may adversely affect the use, transfer, exchange, or value of any of your crypto assets, and such changes may be sudden and without notice.

Uphold’s Evaluation Process

Prior to listing MTL on the Uphold Platform, Uphold performed due diligence on MTL and determined that MTL is unlikely to be a security or derivative under relevant securities legislation. Uphold’s analysis including reviewing publicly available information on the following: 

  • The creation, governance, usage, and design of MTL, including ensuring the source code is open-source, audited and peer reviewed, security, and roadmap for growth in the developer community. 
  • The supply, demand, maturity, utility, and liquidity of MTL.
  • Any marketing materials put forward by the MTL social team including on, Twitter, Medium blog, LinkedIn posts, Discord and Telegram channels.
  • Material technical risks associated with MTL, including any code defects, security breaches and other threats concerning MTL and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them.
  • Legal and regulatory risks associated with MTL, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of MTL. 

General

Uphold has prepared this Crypto Asset Statement based on publicly available information. Although Uphold has taken steps to obtain information from apparently reliable sources, information contained in this Crypto Asset Statement may be inaccurate, incomplete or out-of-date. This overview is a starting point for you to perform your own research prior to investing in a crypto asset.

Uphold users should read the Risks Specific To Holding Digital Assets statement for additional discussion of general risks associated with crypto assets made available through the Uphold platform.  

Canadian residents, please note that Uphold has filed an application for registration in certain Canadian jurisdictions but has not yet obtained registration. Until such time as Uphold obtains registration, Uphold has agreed to abide by the terms of an undertaking available at the following link. Please also review the Uphold Canada – Crypto Risk Statement for additional discussion of general risks associated with the crypto assets made available through Uphold Platform. Please be aware that statutory rights of action for damages or rescission in section 130.1 of the Securities Act (Ontario) and, if applicable, similar statutory rights under securities legislation in the other provinces and territories of Canada do not apply in respect of this Crypto Asset Statement or other disclosures on the Uphold website and Risks Specific To Holding Digital Assets statement. 

Last updated on June 21, 2023.

How to buy Metal DAO (MTL)

With Uphold, you can buy digital currencies in just 11 clicks - even if you don’t have an account yet. 

Nothing could be easier.

Here’s how fast it is to get started:

1. Go to Uphold.com and click sign up.

2. Enter your email address and personal details. 

3. Click the link we send you and create a password

… and you’re off to the races!

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