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Metal DAO (MTL) — price, overview & secure storage
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Last Updated on Oct 08, 2026 09:13 PM
What is Metal DAO? Complete guide to MTL
What is Metal DAO and who created it?
Metal DAO (MTL) is a utility token that plays a significant role in the Metal ecosystem. It governs the stablecoin Metal Dollar (XMD) and provides various benefits to its holders. The token was developed and launched by Metallicus in 2016, aiming to enhance the functionality and user experience within the Metal Pay platform.
Key features of Metal DAO blockchain
One of the primary features of Metal DAO is its governance capability over the Metal Dollar (XMD). MTL holders can propose new stablecoins for inclusion in the Metal Dollar basket and determine their allocation ratios. Additionally, they have the power to vote in new stablecoin issuers, such as community banks or fintech companies. This governance aspect empowers the community to shape the future of the Metal Dollar ecosystem.
How Metal DAO transactions work
Metal DAO offers tiered trading discounts to MTL holders when using the Metal Pay cash and crypto app. Customers who own 10,000 or more MTL tokens can enjoy 0% fees on all cryptocurrency purchases, making it an attractive option for frequent users of the platform. This incentivizes holding and using MTL within the Metal Pay ecosystem, fostering a loyal user base and promoting the adoption of Metal's services.
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Similar cryptocurrencies to Metal DAO (MTL)
| Asset | 24h % | Market cap | |
|---|---|---|---|
 Bitcoin BTC | $81,636.25 | -1.99% | $1.64T |
 Ethereum ETH | $2,470.97 | -3.88% | $0.30T |
 Tether USDT | $0.9993 | -0.03% | $0.18T |
 BNB BNB | $733.27 | -4.81% | $97.59B |
 XRP XRP | $1.38 | -3.06% | $86.77B |
Frequently asked questions about Metal DAO (MTL)
- Metal DAO is a blockchain-based digital asset used for transferring value and interacting with decentralized applications. It operates without central control, relying on distributed network technology.
- Key features include scalability, low fees, and fast processing. Metal DAO supports developers and users who need a flexible blockchain environment.
- MTL represents the same asset as Metal DAO. The ticker is simply a short label for trading and listing purposes.
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