Buy Metal DAO (MTL)
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.
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Frequently Asked Questions (FAQs)
What is the current price of Metal DAO (MTL)?
The Metal DAO price is $1.8355 AUD, representing a +11.27% from the day prior.
Where is the best place to buy Metal DAO (MTL) in Australia?
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.
What is the daily trading volume of Metal DAO (MTL)?
The trading volume of Metal DAO (MTL) is $7.6M AUD in the last 24hrs, representing a +11.27% from the day prior.
How can I buy Metal DAO (MTL)?
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.
What is the market cap of Metal DAO (MTL)?
The current market cap of Metal DAO (MTL) is $154.4M AUD.
Can I convert Metal DAO (MTL) to cash?
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.
How many Metal DAO (MTL) are there?
The current circulating supply of Metal DAO (MTL) is 82.7M.
Is Coinstash a safe place to buy Metal DAO (MTL) in Australia?
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.