About Metal DAO

Metal DAO (MTL) serves as a utility token that plays a crucial role in governing the Metal Dollar (XMD), a stablecoin designed to provide a stable digital currency option. MTL holders benefit from tiered trading discounts within the Metal Pay application, which facilitates both cash and cryptocurrency transactions. Specifically, users who possess a minimum of 10,000 MTL tokens are eligible for zero fees on all cryptocurrency purchases made through the app, enhancing the overall user experience and incentivizing token ownership. Looking ahead, Metal DAO aims to expand its functionality by allowing token holders to propose new stablecoins for inclusion in the Metal Dollar ecosystem, as well as to determine their respective allocation ratios. Additionally, MTL holders will have the opportunity to vote on new stablecoin issuers, which may include community banks and fintech companies, thereby fostering a collaborative and decentralized approach to stablecoin governance. Metal Pay, the platform that integrates these features, was developed by Metallicus and launched in 2016, establishing a foundation for innovative financial services in the cryptocurrency space.