Yes, you heard it right WazirX and Metal have partnered for a grand $12,880 worth MTL giveaway. WazirX, one of the most trusted cryptocurrency exchange in India is listing Metal (MTL) on its platform on Monday, 21st December. Users then can buy, sell and trade MTL in USDT market on WazirX.
Users are allowed to deposit MTL from another wallet to WazirX and they can also withdraw it from their WazirX wallet.
A total of $12,880 worth of MTL is available for the giveaway via a host of activities. Users can participate in various activities like AMA, Trivia Contest, Quiz Time and Highest Trader Kaun Marathon. Let’s have a detailed look at the giveaway schedule.
WazirX – Metal (MTL) Giveaway Schedule
The giveaway activity will start on Dec 22nd and will end on Dec 24th.
Tuesday, 22nd December: AMA with Marshall Hayner, CEO of Metal with prizes of $150.
Tuesday, 22nd December: MTL trivia contest on WazirX Instagram page with prizes of $30.
Tuesday, 22nd December: Quiz Time with WazirX in our Telegram group with prizes of $500.
Wednesday, 23rd December — Thursday, 24th December: 36-hour long Highest Trader Kaun Marathon with prizes of ₹11,35,000 ($12,200) worth MTL up for grabs.
AMA with Marshall Hayner
Participate in AMA with Marshall Hayner, CEO of Metal, where you can learn almost everything about Metal. He is having 10 years of experience in blockchain and cryptocurrency.
Prior to Metal, he created first Facebook integrated Bitcoin wallet, QuickCoin in 2013, launching Stellar blockchain in 2014 and advising numerous blockchain and cryptocurrency startups.
This AMA is scheduled on Tuesday, 22nd December, 10 AM IST where Marshall Hayner will be asked 10 questions about MTL. The questions will be crowdsourced from Twitter followers. Users can participate in this AMA from official Telegram Group of WazirX.
$100 worth MTL is reserved for top 10 questions selected from Twitter and $50 worth MTL for top 5 live questions from Telegram group.
Instagram Trivia Contest
This MTL trivia contest will be hosted on Instagram on Tuesday, 22nd December, 12 PM IST. Users who wish to participate in this contest must follow WazirX on Instagram.
A total of 3 questions will be shared on the Instagram story each at an interval of 3 minutes. One lucky winner from all correct answers will be awarded 27.77 MTL for every question.
Quiz Time with WazirX: MTL
Users can participate in this Quiz Time contest on official WazirX Discuss Telegram group. This contest is scheduled for Tuesday, 22nd December, 6 PM IST.
A total of 10 questions will be asked and you have to choose the correct answer as quick as you can. So, for what you are waiting, show off your MTL knowledge & win prizes.
This trading contest will start on Wednesday, 23rd December at 9 AM IST and will continue non-stop till Thursday, 24th December 9 PM IST. The best part of this contest is that you can participate at any time between Wednesday and Thursday and win ₹11,35,000 (~ $12,200 USD) worth MTL.
The final winner will be selected on the basis of the volume of MTL traded in the USDT market. In order to qualify you have to trade a minimum of 182 MTL (worth ~₹5,000 INR).
Prizes for the volume of trades are as follows:-
Trader Rank
Prizes/Person (MTL)
INR Worth
1
6,788.15
1,87,000
2
4,072.89
1,12,200
3
2,375.85
65,450
4-10
1,357.63
37,400
11-15
746.70
20,570
15-20
407.29
11,220
21-25
203.64
5,610
26-30
108.61
2,992
31-35
67.88
1,870
36-150
30.69
846
So, participate in the various activities and win prizes.
About Metal (MTL)
Metal (MTL) is the native cryptocurrency token of Metal. Metal has two native cryptocurrencies named Metal (MTL) and Proton (XPR). Both these tokens are used to reward users and build new products.
Metal is basically a blockchain-based system utilizing Proof of Processed Payments to identify users, rewarding them for converting fiat currency into cryptocurrency.
It can act as a bridge to Bitcoin or any Cryptocurrency available on the platform. It does everything a traditional payment app can do like peer-to-peer transfer and real-time invoicing.
With the PoPP (Proof of Processed Payments) and Cryptocurrency integration, the Metal users will earn Cryptocurrency for making normal payments.
Basically Proof of Processed Payments is a mechanism that incentivizes people to leave fiat money to Cryptocurrency. It is a proven way of identifying users and distributing new currency into the system.
The company has raised millions, with investors and advisors from G2 Ventures and Gateway, and with Erik Voorhees (CEO of Shapeshift) and Bram Cohen (creator of BitTorrent) serving as advisors.
Users can use Metal Pay to instantly pay using cash balance, linked bank account or by sending Cryptocurrency. Metal Pay app is available to download on both Android and iOS platform. You can also use its marketplace to buy and sell over 30 cryptocurrencies directly from FDIC-insured cash balance.
The total supply of Metal (MTL) is 66,588,888 and circulating supply is 65,588,845. At press time MTL is trading at $0.380192 USD with a market cap of $24,982,892 USD.
Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.
Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.
