What is Metal DAO?

Symbol: MTL · Market cap rank: #762

Short answer

Metal DAO (MTL) is a cryptocurrency currently ranked #762 by market capitalisation. It is classified as Layer 2 (L2).

Source: isthiscoinascam.com

Overview

Metal DAO is a utility token that governs the stablecoin Metal Dollar (XMD) and offers tiered trading discounts for holders using the Metal Pay app. Users holding 10,000 or more MTL tokens can benefit from 0% fees on cryptocurrency purchases within the app.

The future utility of Metal DAO includes the ability to propose new stablecoins for the Metal Dollar basket, along with their allocation ratios, and to vote on new stablecoin issuers such as community banks or fintech companies. Metal Pay was developed by Metallicus, which launched the platform in 2016.

Headquarters: San Francisco, USA

Scam-risk analysis

Metal DAO has a low score, indicating elevated scam risk based on the available data. Is Metal DAO a scam?

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