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.
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.
Metal DAO can be used across various sectors, including:
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.
The Metal DAO price is $2.268 AUD, representing a +1.35% from the day prior.
The best place to buy Metal DAO (MTL) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Metal DAO (MTL) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
The trading volume of Metal DAO (MTL) is $29.6M AUD in the last 24hrs, representing a +1.35% from the day prior.
Metal DAO (MTL) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
The current market cap of Metal DAO (MTL) is $185.2M AUD.
Yes - With Coinstash you can convert your Metal DAO (MTL) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
The current circulating supply of Metal DAO (MTL) is 82.7M.
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Metal DAO (MTL) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices here.