What is Metal DAO (MTL)?
Metal DAO (MTL) is a utility token that currently governs the stablecoin Metal Dollar (XMD), in addition to providing tiered trading discounts to MTL holders when using the Metal Pay cash & crypto app. Metal Pay customers who own 10,000+ MTL can enjoy 0% fees on all cryptocurrency purchases. Metal DAO's future utility includes the ability to propose new stablecoins for the Metal Dollar basket, including their allocation ratios, and the option to vote in new stablecoin issuers such as community banks or fintechs. Metal Pay was developed and launched by Metallicus in 2016.
Where can you buy Metal DAO?
Metal DAO (MTL) is traded on a wide range of centralized and decentralized exchanges. The most liquid markets for MTL sit on tier-1 venues - the sort of exchanges where institutional desks and professional market makers rebalance continuously - which is what keeps the spread tight and the last price tied closely to fair value.
The price and 24-hour volume on this page combine the exchanges ReadPrices tracks for MTL. Before you trade, compare the fee schedule and the order-book depth on the venue you plan to use: the same coin can cost noticeably more to buy on a thin market.