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Summary of MetalSwap
- MetalSwap is a decentralized platform governed by its DAO through XMT token voting power.
- It facilitates hedging contracts for digital asset holders, offering RiskOff coverage.
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XMT token distribution:
- Initial DEX Offering (IDO): 2 billion XMT tokens on November 19th, 2021
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Allocation:
- Treasury: 25%
- Rewards: 23%
- Public Sale: 15%
- Strategic Investors: 10%
- Founders, Team & Advisors: 10%
- Ecosystem Development:
About MetalSwap: Empowering a New Era of Decentralized Trading
MetalSwap (XMT) – Mitigating Risk with Hedging Contracts
MetalSwap is a decentralized platform, governed by its decentralized autonomous organization (DAO) through the voting authority of XMT.
Operating as a pioneering hub, it facilitates Hedging Contracts in financial markets, primarily catering to individuals and entities invested in Digital Assets, and providing them with a comprehensive RiskOff coverage solution. Notably, XMT serves as MetalSwap’s governance token, wielding its voting power on the Ethereum Mainnet.
XMT Token Allocation and Distribution Overview
The inaugural Decentralized Exchange (DEX) Offering of MetalSwap took place on November 19th, 2021, marking the introduction of 2 billion XMT tokens into the market.
The token allocation is structured as follows: 25% is reserved for the Treasury, 23% for Rewards, 15% for the Public Sale, 10% for Strategic Investors, 10% for Founders, Team, and Advisors, 10% for Ecosystem Development, 4% for the Private Round, 2% for Marketing, and 1% for the Seed Round.
For further information, please refer to the MetalSwap Docs Official Page.