METAL is a new payment app, like Venmo, where you can send a receive money digitally peer-2-peer. What makes them different is that they pay rewards in their own cryptocurrency, METAL (MTL), based on a "Proof of Payment Processed." That means you earn rewards for sending, receiving, and spending money with the app. Up to 5% MTL back when making purchases. Sounds like a great way to get people interested in using your app!
I just noticed MTL listed on Bittrex on the 10th (it came to Bittrex on the 8th) so it had time to do the initial dumping post-ICO and looked to be about as low as it was going to go. I bought in at about 71,500 and 92,000 sats as it quickly rose to as high as 210,000 sats. Not bad considering the rest of the market was tanking. Well MTL has pulled back as you would expect, and is now between a 61.8% and 50% retracement. With the way things are, I can see it dropping below 50% to 114,000 sats, but only because the markets are down. Given how strong the bull run was, it might be worth watching and buying in later today.
