Metal DAO (MTL) is a utility token that governs the stablecoin Metal Dollar (XMD) and offers tiered trading discounts to MTL holders using the Metal Pay app. Holders of 10,000 or more MTL can benefit from zero fees on cryptocurrency purchases within the platform.
The token's future functionality includes the ability to propose new stablecoins for the Metal Dollar basket and vote on new stablecoin issuers, which could include community banks or fintech companies. Metal Pay was developed and launched by Metallicus in 2016.
Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.
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