Metal DAO (MTL) is a prominent utility token that has the capacity to govern the stablecoin Metal Dollar (XMD). The token's use extends beyond governance, providing MTL holders with tiered trading discounts when transacting with the Metal Pay cash & crypto app. The Metal DAO ecosystem is designed to offer significant benefits to its users, including those who own over 10,000 MTL, who can enjoy 0% fees on all cryptocurrency purchases.
About Metal DAO's Future Utility
The future holds promising prospects for Metal DAO. The utility of MTL is set to expand with users gaining the ability to propose new stablecoins for the Metal Dollar basket. This includes setting the allocation ratios of these proposed stablecoins. Further, users will be offered the choice to vote in new stablecoin issuers, a feature that may invite community banks or fintech firms to the Metal DAO platform.
Metal Pay's Development and Launch
Metal Pay, the platform through which MTL functions, was developed and introduced by Metallicus in 2016. Since its inception, Metal Pay has been contributing to the crypto landscape, providing its users with a seamless interface to transact and earn rewards. The launch of Metal Pay was a significant milestone for Metallicus, and it continues to push the boundaries in the world of crypto trading and stablecoins.
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