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Summary of Metal DAO
- Metal DAO (MTL) is a utility token governing Metal Dollar (XMD) and providing tiered trading discounts to MTL holders on Metal Pay.
- MTL holders with 10,000+ tokens enjoy 0% fees on cryptocurrency purchases.
- Future utility includes proposing new stablecoins and voting in new issuers.
- Metal Pay was launched by Metallicus in 2016.
- Numbers and figures: 10,000+
About Metal DAO: A Revolutionary Decentralized Autonomous Organization
Metal DAO (MTL) is a utility token that presently oversees the governance of the stablecoin Metal Dollar (XMD), while also conferring tiered trading discounts to MTL holders when utilizing the Metal Pay cash and crypto application. Notably, Metal Pay customers who possess 10,000 or more MTL can revel in 0% fees on all cryptocurrency purchases.
Metal DAO’s future utility encompasses the capability to submit proposals for novel stablecoins to be incorporated into the Metal Dollar basket, complete with designated allocation ratios, as well as the opportunity to cast votes in favor of new stablecoin issuers, including community banks and fintech entities.
In 2016, Metallicus successfully developed and launched Metal Pay, a pioneering endeavour.