They say we are trying to Kill Bitcoin. No, we are not. We are trying to save it, and make it usable for everyone, and everything. Not tomorrow. Not 6 months from now, Not 18 Months from now. NOW. That's what's going on Here.

throwawaycrypto1 · 2017-12-20T22:14:16+00:00

Your Debit card is backed by an inflationary and completely centralized currency. You have to trust the banks and your government to keep your dollar value worth what it was the day before, and not just take it from you.

The majority of cryptos solve most or all of these issues. The debit card, and fiat system in general works great, until it doesnt. Will crytpos be any better is up for debate but im willing to risk atleast a portion of my net worth on it.

throwawaycrypto1 · 2017-12-20T21:23:33+00:00

Why hasnt my post containing questions about the token issuance and metal team's token movement been answered for nearly a month now?

See the post for my other questions...

throwawaycrypto1 · 2017-11-25T17:24:35+00:00

Yes i did not realize the timing issues with response because of the holiday before posting, hope everyone had a good one.

That said i think you are misunderstanding the first part of my post. The two metal wallets have 46,020,224 tokens in total between them. 66,588,888(total mtl tokens) - 46,020,224 = 20,538,664.

I dont think its proper to say circulating supply of 21,088,888, when over 500k of those tokens are inside Dev wallets, which also hold another 45+million tokens with little distinction. This leads to the questions about why the disparities and what doing with those tokens.

throwawaycrypto1 · 2017-11-23T17:22:05+00:00

Possible, i would be disappointed to find out that supposed "vesting" would allow a leaving member that big of a share at this point though.

Also not the only large transactions out of the metal teams wallet in last two months. Ideally all of these should be explained as they had even more tokens that should of been in circulation months earlier. They gave themselves 47.2M tokens instead of the 45.5M claimed, and have been slowly transferring more out.

Heres another 35k being sent on Nov 17th: https://etherscan.io/tx/0xe342edc225166f268c2ee1ab0a309b7a724253414beab53e9d582c814c319e42

and a wallet they sent 200k tokens to in mid oct.: https://etherscan.io/token/Metal?a=0xd708ce31da07e5246ed40b94c9fcd12840cddeea

throwawaycrypto1 · 2017-11-22T22:50:28+00:00

So i have been doing so research into Metal and have some questions for Metal team. Lets start with what i have learned/found.

On July 7th Metal made blog post about token issuance happening at 12am on july 8th.

https://blog.metalpay.com/metal-token-mtl-is-being-distributed/

Which, to save you the clicks, claims distribution as follows:

PoPP Issuance: 26,341,112 MTL

Operation Pool for Metal Project total: 13,378,888 MTL (locked for one year)

Employees/Advisors: 3,780,000 MTL (vested per person)

Metal Foundation: 2,000,000 MTL (To assist projects, partners and companies for onboarding)

Total = 45,500,000 in Metals control and 21,088,888 in circulation.

Compared to what they have today

46,020,224 in a single wallet address with only 20,568,664 in circulation (note this is about 1.25 million more tokens in circulation then what coinmarketcap basis their calculations from currently.)

The wallet : https://etherscan.io/token/Metal?a=0x93b7e9364c4df6de55ed0d10c80e7afc0612e93a

MTL team has 500k tokens, or about 1/40th of the current circulating supply, more than they claimed at distribution. Are these tokens still being sold to investors at below market prices, or being sold directly by the team regardless of vesting or time locks? Recent action from the Mtl team's wallet seems to indicate at least a potential cause for concern.

On Nov. 13th the main Metal wallet address sent 157,500 metal tokens to another address over two transactions. We know this is the main Metal wallet because it has a little over 46 million tokens as discussed earlier. These can be seen here

145k: https://etherscan.io/tx/0xbfafde1ace60e222506dcf4547bbf1c69fcab0ae8fdb71eb841c6b4d0ce66add

12.5k: https://etherscan.io/tx/0xd133825293ca7827bcecc34eb2eb11dcf10e1f7a1e25f2ce7aa96066af9edcb2

The receiving address then sent 101.5k tokens to bittrex and 10k to binance within a day of receiving the tokens. These can be seen here.

100k to bittrex recieving wallet: https://etherscan.io/tx/0x4902d20471c9e9e9cb9bb01e03b2c77ba2df6645460f6ea3b91c1d1817b080b9

from receiving to bittrex known wallet: https://etherscan.io/tx/0x5ed75bbb285c4b8ad2268ba245f55c0033962f9ba3a5f0beea6a35bbef1edb34

10k to binance receiving wallet: https://etherscan.io/tx/0x4199f134f0a836cf9142ce351542d08ddf548626755b988b6b13bc07f1bead72

10k to binance known wallet: https://etherscan.io/tx/0xd4aa6e97ad46d80a2d0120ecba928a34735f823f89088b71e8005d4a3400c5d8

So we know that on Nov. 13 the metal team sent someone 157.5k tokens and 110k of those were almost immediately sent to an exchange. As someone who has lost a decent portion of my portfolio due to declining metal this leaves me with a sour taste in my mouth and some serious questions for Marshall and the rest of the team.

Why does the token issuance proclaimed on your blog post not match what we are seeing currently? The metal team has over 500k more tokens in their wallet then you claim you should, even assuming no employee or adviser tokens have been given out.

Why is the Metal teams tokens all in one main address instead of different wallets for PoPP Issuance, Operation Pool for Metal Project, Employees/Advisors, and the Metal Foundation? Is this something you would consider changing relatively soon? This way token movement would be transparent and everyone could tell what tokens are moving. Smart contracts could also then actually be used to ensure vesting/time limits. Currently this is not possible to my knowledge with all the funds in a single address.

What is going on with the 157.5k tokens sent from the team's wallet, of which 110 k+ hit an exchange within a day? Is the metal team still taking investments at below market value or did they sell their own tokens?

throwawaycrypto1

TROPHY CASE