What is Metal DAO (MTL)?
Metal DAO (MTL) is a utility and governance crypto token of the Metal Pay ecosystem. Metal Pay is a payment processing platform based on Blockchain technology. It enables users to trade, send and receive crypto assets and cash at cheap costs through a highly secure platform.
The platform employs ERC-20-based, MTL token to integrate it with other platforms, trade on exchanges, make payments and govern XMD(Metal dollar).
| Launch Date | 2016 |
| Founder | Fred Krueger, Jacob Davis, Glenn Marien, and Marshall Hayner |
| Blockchain Protocol | Metal and Proton Blockchain |
| Native Token | MTL |
| Market Cap | $81 million |
| Token Type | Utility and Governance |
| Circulating Supply | 66.58 million |
| Total Supply | 66.58 million |
| Consensus Method | Proof-of-Stake (PoS) |
Who are the Founders of Metal DAO?
Metal Pay was developed in 2016 by Metallicus Inc, a blockchain digital product company. Its co-founders are Marshall Hayner, Fred Krueger, Jacob Davis, and Glenn Marien. Metal Pay was built with the aim of making an easy-to-use platform that simplifies crypto world entry for the masses.
How does Metal DAO(MTL) work?
Metal Pay utilizes several technologies to present a clean and user-friendly platform. This includes Proton and Metal blockchain, React native framework and others. Metal also incorporates its own decentralized exchange, Proton DEX, to avoid reliance on third-party exchanges and provide a seamless experience to users. Proton DEX is a transparent, robust, efficient trading platform built on the Proton blockchain. It enables users to take advantage of fast and gas-free trading.
What makes MTL Unique Use Cases?
- MTL tokens are used for governance of Metallicus ecosystem stablecoin Metal Dollar, XMD.
- MTL token holders receive a fee reduction on buying and selling crypto on Metal Pay based on the amount of MTL balance.
- Metal Pay platform is available in around 46 states in the US and about 30 countries in Europe.
- Future utilities of Metal DAO include working out new stablecoins, defining allocation ratios, and the ability to vote.
Metal DAO (MTL) Price Analysis
Source: TradingView
- MTL token has been rallying since the beginning of 2023 amidst weak crypto markets.
- MTL price is currently standing at $1.22 after touching a YTD high of $2.64 on June 07.
- As per RSI-14, MTL price might show downward movements for a few days. Its present resistance level is residing at $1.46, and its support level is at $0.97.
- However, if the market continues displaying positive sentiment, MTL price might possibly reach $1.5 soon.
| MTL Price Today | $1.22 |
| Price Change (Yearly) | -2.6% |
| Market Dominance | – |
| Market Rank (as per CMC) | 259 |
| Market Cap | $81 million |
| Fully Diluted Market Cap | $81.08 million |
| ATH | $14.82 |
| ATL | $0.1159 |
How to Buy MTL Tokens in India?
To buy MTL Token in India, just follow the below-mentioned steps:
- Download the CoinDCX App on your Smartphone
- Enter the details required for registration.
- Complete your KYC
- After your profile is verified, fund your wallet and buy MTL tokens.
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