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Bittime - Metal DAO (MTL) is a breath of fresh air in the world of cryptocurrency with a focus on stablecoins and their various benefits. Unlike traditional cryptocurrencies which are known for their volatility, MTL offers stability and security like fiat currencies.
What is Metal DAO (MTL)?
Metal DAO (MTL) is a decentralized organization that manages Metal Dollar (XMD), a stablecoin pegged 1:1 to USD. MTL acts as a governance token giving its holders the right to:
- Determining the future of Metal Dollar: MTL holders can propose and vote on changes to the Metal Dollar protocol, including the addition of new assets to the coin basket.
- Get trading discounts: Metal Pay app users who have MTL can enjoy discounts on cryptocurrency trading fees.
- Participate in Metal Vault: Metal DAO (MTL) opens access to Metal Vault, a secure digital asset storage service.
Metal DAO (MTL) Key Products & Features
- Metal Dollar (XMD): Stablecoin pegged 1:1 to USD, ideal for transactions, payments and remittances.
- Metal Pay: A mobile application that allows users to easily buy, sell, and send cryptocurrency.
- Metal Vault: A secure and decentralized digital asset storage service.
- Metal Swap: Metal DAO (MTL) DEX platform for decentralized cryptocurrency exchange.
What is MTL Token?
The MTL token is an ERC-20 token that serves as the backbone of Metal DAO. MTL is used for:
- Governance: MTL holders can cast their votes on proposals related to Metal Dollar and Metal DAO.
- Trading discounts: Metal Pay users who have MTL get discounts on trading fees.
- Access to Metal Vault: MTL is required to open and use Metal Vault.
Also read:
Tokenomic Metal DAO (MTL)
- Max Supply: 66.588.888 MTL
- Total Supply: 66.588.888
- Circulating Supply: 66.588.888 MTL
- Market Cap : IDR 1,669,289,525,196 (as of 26 February 2024)
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Token Distribution:
- 30% - Public sale
- 25% - Team and advisors
- 20% - Metal Ecosystem
- 15% - Reserve
- 10% - Community funds
Metal DAO (MTL) Fundamental Analysis
- Partnerships: Metal DAO has established partnerships with several well-known companies in the blockchain industry, such as CoinShares and Ledger .
- Team: The Metal DAO team consists of experienced professionals in finance, technology and blockchain.
- Technology: Metal DAO (MTL) uses advanced blockchain technology to ensure the security and stability of its platform.
Comparison of Metal DAO (MTL) & Competitors
| Feature | Metal DAO (MTL) | MakerDAO (DAI) | Terra (UST) |
| Types of Stablecoins | Multi-asset | Single-asset (DAI) | Single-asset (UST) |
| Stabilization Mechanism | Collateralized & Seigniorage | Collateralized | Algorithmic |
| Maximum Supply | 100 million MTL | Unlimited | Unlimited |
| Market Capitalization | $106,440,544 | $7.84 billion | $13.89 billion |
Founder & Tim Metal DAO (MTL)
- Marshall Hayner: CEO & Co-founder
- Glen Weiss: CTO & Co-founder
- Seth Melamed: COO & Co-founder
- The Metal Metal DAO (MTL) team consists of 20+ experienced professionals in various fields.
Public Opinion About Metal DAO (MTL)
- CoinMarketCap: Provided a trust score of "Good" ranking #224 by market capitalization.
- Twitter: The Metal DAO (MTL) community on Twitter is quite active with over 40,000 followers.
- Reddit: The Metal DAO subreddit has over 2,000 members and an active community.
Metal DAO (MTL) Conclusion
Metal DAO (MTL) is an interesting project with a focus on stablecoins and their various benefits. MTL offers an innovative solution to the problem of cryptocurrency volatility and opens up new opportunities for the use of cryptocurrencies in everyday life.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet . For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime.
Monitor price chart movements for Bitcoin (BTC), Ethereum (ETH ) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
What is Ethernity (ERN)? A New Way to Explore the World of Authentic NFTs
What is Kin (KIN)? Building an Open and Inclusive Digital Economy
What is Vertex Protocol (VRTX)? Bridge Between Blockchains So Transactions Are Easy
DISCLAIMER: This article is informational in nature and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
Also Read:
What is Ethernity (ERN)? A New Way to Explore the World of Authentic NFTs
What is Kin (KIN)? Building an Open and Inclusive Digital Economy
What is Vertex Protocol (VRTX)? Bridge Between Blockchains So Transactions Are Easy
DISCLAIMER: This article is informational in nature and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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