About Merchant Token
The token that supports the MTO DeFi Payment Protocol that enables point-of-sale terminals to operate on blockchains and brings consumer protection to crypto payments.
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Market Stats
Market Cap
₹155.47M
-0.38%
FDV
₹262.72M
Circ. Supply
59M MTO
Max Supply
100M MTO
Total Supply
93M MTO
Diluted Valuation
₹241.83M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
₹2.39K
-94.41%
Volume (7D)
₹15.91K
Volume (30D)
₹67.06K
All time high
₹1.46K
Price Change (1Y)
-54.99%
Additional details
Recent trends
The latest MTO price is ₹2.62. Compared to Merchant Token's value of ₹2.63 from 24 hours ago, there's been a -0% decrease, while the current price is 3% up from ₹2.53 which was recorded one week ago. Merchant Token's all time high is ₹1,463.64, which was reached on October 18, 2022. This is a -100% change from its price today.
The current circulating supply of Merchant Token is 59,179,196. This is 59% of its max supply of 100,000,000 MTO and 64% of its total supply of 92,500,000. The market cap is currently ₹155.47M, which is a result of multiplying the current price of Merchant Token(₹2.62) by the total supply(92,500,000 MTO). The fully diluted valuation of Merchant Token is ₹262.72M. The diluted valuation of Merchant Token is ₹262.72M.
Market details
MTO vs markets
↘ 67.58%
MTO vs BTC
↘ 72.34%
MTO vs ETH
↘ 36.83%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0xE66b3AA360bB78468c00Bebe163630269DB3324F |
Price history
Time | Price | Change |
|---|---|---|
Today | ₹2.62 | ↘ 0.23% |
1 Day | ₹2.63 | ↘ 0.23% |
1 Week | ₹2.53 | ↗ 3.24% |
1 Month | ₹3.20 | ↘ 19.29% |
1 Year | ₹5.62 | ↘ 54.99% |
FAQ
Merchant token (MTO) is Hips Merchant Protocol's (HMP), the native protocoltoken issued on Ethereum using the ERC-20 standard. HIPS Merchant Protocol (HMP), the Hips Merchant Protocol Gateway (HMP-gateway), and the government Merchant Token (MTO) aim to be defined as a solution to consumer protection. The protocol, gateway, and token seek to introduce consumer protection concepts from the traditional card payment industry to any blockchain with support for distinct smart contracts such as Cardano (ADA), Solana, or Ethereum.
Furthermore, HIPS Merchant blockchain is the native blockchain for Merchant Coin (MEO), and HMP that are optimized for real-time Merchant transactions. MEO and HMP are developed for electronic fund transfer devices and payment service providers (PSP) with complete support for backward-compatible financial protocols such as ISO8583 which enables cryptocurrency payments in standard terminal messages utilizing card scheme infrastructures and existing terminals for crypto payments on HIPS Merchant blockchain.
According to the whitepaper, Merchant Token and Merchant Protocol act as a true enabler and missing piece for mainstream global mass adoption of crypto payments from the perspective of the consumers. MTO introduces the automatic dispute management (ADM) concept and community dispute management (CDM). Community dispute management system (CDM) seeks to allow token holders to enhance token holdings.
The MTO is a base currency in the systems and concepts of ADM and CDM. The contract and dispute fees are paid in the form of Merchant Token. Moreover, traders can seek to earn and stake dividends from the fees paid for disputes and contracts by holding the tokens. Similarly, the automatic dispute management (ADM) concept assists in resolving the disputes related to the transactions on the blockchain.
The Merchant Protocol was introduced in June 2020 and was launched privately by the HIPS Payment Group. In November 2020, the first Merchant Contract was made available in the Ethereum blockchain. The team behind Merchant Token (MTO) is made up of three main individuals— John Cavebring (CEO), Emil Lumdvall (CFO), and Axel Arvidsson (COO).
We update our Merchant Token to INR currency in real-time. Get the live price of Merchant Token on Coinbase.
The current market cap of Merchant Token is ₹155.47M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Merchant Token is ₹1,463.64. This all-time high is highest price paid for Merchant Token since it was launched.
Over the last 24 hours, the trading volume of Merchant Token is ₹2.39K.
Assets that have a similar market cap to Merchant Token include Lightcoin, Jax.Network, Wojak Finance, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Merchant Token is 59 million.
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