### What is Metal DAO?

Metal DAO (MTL) is a utility token that governs the stablecoin Metal Dollar (XMD) and provides tiered trading discounts to MTL holders when using the Metal Pay cash and crypto app.

### How does Metal DAO work?

Metal DAO operates as a governance token on the Metal L2 Optimistic Rollup, providing MTL holders with the ability to vote on governance decisions and grant allocations. The platform utilises a unique consensus mechanism called Proof-of-Processed-Payments (PoPP), which rewards users with MTL tokens for financial activities such as transferring and converting fiat to cryptocurrency within the Metal Pay app.

### What are the potential use cases for Metal DAO?

Metal DAO can be used across various sectors, including:
- **Digital Payments:** Within the Metal Pay app, offering easy cryptocurrency transactions and rewards.
- **Stablecoin Governance:** Governing the Metal Dollar (XMD) and proposing new stablecoins.
- **DeFi Solutions:** As part of the Metal L2 network, enhancing financial services through Layer 2 Ethereum scaling.

### What is the history of Metal DAO?

Metal DAO was founded by Marshall Hayner and Glenn Marien in 2016. An ICO in 2017 raised over $9 million, leading to the launch of the Metal Pay app, and subsequent developments included major upgrades like the Metal L2 Granite Network Upgrade in 2024. The project has evolved to integrate traditional finance with blockchain technology, aiming for broader adoption and technological advancement.

Metal DAO (MTL)

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