Market Data
About Metal DAO
Metal DAO (MTL) is a utility and governance token that serves as the native currency for the Metal ecosystem. It governs the Metal Dollar (XMD) stablecoin and functions as the governance token for the Metal L2 Optimistic Rollup. MTL provides tiered trading discounts for users of the Metal Pay cash and crypto app, including zero-fee cryptocurrency purchases for high-volume holders. The asset is distributed through a unique Proof of Payments Processed (PoPP) mechanism, which rewards users for sending, spending, or receiving money within the platform.
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