eMetals Gateway Ltd. provides investors with an alternative method to invest in and trade physical metals by integrating the performance of the London settlement system with the transparency of exchange-traded assets.
What is eMetals?
Since 2018, the export of XAU has been traded on Gatehub, a platform built on the XRP Ledger protocol that enables everyone to send, receive, trade, and manage various assets. Physical metals are supplied by eMetals Gateway Ltd. Recently, the company decided to brand itself by launching a utility token that allows token holders to buy and sell in-game metal assets.
By implementing this idea, eMetals Gateway Ltd. is shifting from its traditional business model based on physical metals to a new, Web 3.0-oriented model. The P2E game ecosystem focuses on discovering, extracting, and trading natural resources, particularly metals.
What is MTL Coin?
The MTL token, set to be released in the third quarter of 2024, is planned for listing on a major Asian exchange by the end of the same year, alongside the launch of the first P2E game focused on resource extraction. Furthermore, the ecosystem aims to expand with additional games and integrate resource trading platforms in the first quarter of 2025.
The applications of the MTL token are as follows:
- Utility: MTL will be used for in-game purchases, trading resources, and upgrading assets.
- Interoperability: The token will ensure a consistent and unified economy across multiple games in the ecosystem.
- Rewards: Players can earn Metallist (MTL) by playing games, extracting resources, and completing tasks.
According to statements made, Metallist is designed to serve as the backbone of the P2E ecosystem, addressing all issues. It will facilitate in-game transactions, reward players for their achievements, and enable trading of resources, particularly metals, among various games in the ecosystem.
Where to Buy MTL?
At the time of writing, MTL is trading at $0.0944 and can be purchased from WEEX and Coinstore.
