Metal DAO (MTL) is a utility token that governs the stablecoin Metal Dollar (XMD). It aims to provide a platform for users to engage in the cryptocurrency space, providing tiered trading discounts to MTL holders when using the Metal Pay cash & crypto app. The utility of Metal DAO extends to proposing new stablecoins for the Metal Dollar basket, including their allocation ratios, and the option to vote in new stablecoin issuers. It's a digital asset that aims to enhance the user experience in the cryptocurrency world.

Metal DAO operates by providing its holders with certain benefits when using the Metal Pay cash & crypto app. For instance, Metal Pay customers who own 10,000+ MTL may have 0% fees on all cryptocurrency purchases. The future utility of Metal DAO includes the ability to propose new stablecoins for the Metal Dollar basket and the option to vote in new stablecoin issuers. This functionality strives to give users more control and flexibility in their cryptocurrency transactions.

Metal DAO has a variety of potential use cases. It can be used to propose new stablecoins for the Metal Dollar basket, giving users the ability to influence the types of stablecoins available. Additionally, it provides the option to vote in new stablecoin issuers, such as community banks or fintechs. This allows for a more democratic and inclusive approach to cryptocurrency management. Furthermore, Metal DAO can be used to receive trading discounts on the Metal Pay cash & crypto app, making it a useful tool for frequent users of the platform.

Metal DAO was developed and launched by Metallicus in 2016. Since its inception, it has been providing its holders with tiered trading discounts when using the Metal Pay cash & crypto app. Over time, the utility of Metal DAO has expanded to include the ability to propose new stablecoins for the Metal Dollar basket and the option to vote in new stablecoin issuers. This evolution has allowed Metal DAO to continually adapt to the needs of its users and the developments in the cryptocurrency sector.

We update our Metal DAO to USD currency in real-time. Get the live price of Metal DAO on Coinbase.

The current market cap of Metal DAO is $62.76M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Metal DAO is $14.82. This all-time high is highest price paid for Metal DAO since it was launched.

Over the last 24 hours, the trading volume of Metal DAO is $2.97M.

Assets that have a similar market cap to Metal DAO include Paxos Standard, USDB, Celer Network, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Metal DAO is 86 million.

Metal DAO ranks 356 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Currently, 50% of Coinbase users are buying Metal DAO. In other words, 50% of Coinbase customers have increased their net position in Metal DAO over the past 24 hours through trading.