Metal Blockchain
Crypto Overview
Purpose and Utility
Metal Blockchain (METAL) is a cryptocurrency designed to serve as the native token for the Metal Pay ecosystem. The project aims to provide a platform for cryptocurrency payments, transfers, and rewards through their Metal Pay app.
Business Model Analysis
The Metal Pay platform allows users to buy, sell, and transfer cryptocurrencies while earning METAL tokens as rewards for transactions. The business model appears transparent and focuses on legitimate payment processing and cryptocurrency exchange services.
Real-World Adoption
Metal Pay has achieved some adoption in the cryptocurrency payments space, though usage remains relatively modest compared to larger platforms. The Metal Pay app is available in most US states and has established partnerships with various financial institutions.
Development Activity
The project maintains active development, with regular updates to the Metal Pay platform and underlying blockchain infrastructure. The team consistently provides transparency reports and development updates.
Token Distribution
The token distribution shows a reasonable allocation between team members, development fund, and public circulation. Vesting schedules are in place for team allocations, demonstrating commitment to long-term development.
Revenue Model
The platform generates revenue through transaction fees and cryptocurrency exchange services, which align with Islamic finance principles as they represent payment for actual services rendered.
Crypto Impact
To assign a comfort level investing in Metal Blockchain from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Metal Blockchain.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.