- #397
Metal DAOÂ MTL
During the accumulation phase, trading volumes are significantly higher than usual. The price fluctuates within a range for extended periods, delivering failed breaks in both directions, which makes it harder to analyse future price move. Find out more at dropstab.com/insights/accumulation-phase
MTL Price
Market CapÂ
$112.93Â MRank #397FDVÂ
$111.67Â MRank #613Investors
Twitter Followers
Twitter Performance
659Rank by Twitter #1965- 0
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Detailed Performance
MTL shows Bearish signs against top cryptocurrencies, leading categories and blockchains over various time periods
MTL to USD Converter
Price History
- All-Time High
- $16.8710.06x to ATH
- All-Time Low
- $0.117314.30x to ATL
- Trade Launch Date
- 9 Jul, 2017
2476 days ago
Exchanges
Exchanges type
About MTL
Metal DAO refers to a decentralized autonomous organization (DAO) called Metal. It exists on both the Ethereum and Proton blockchains. Metal DAO has its own governance token called $MTL, which is used for governing stablecoins known as XMD (Metal dollar) and XME (Metal euro). The token is also utilized on Metal Pay, where holding a certain amount of $MTL can result in reduced or zero trading fees. Metal DAO is in the process of developing the Metal blockchain, which will serve as a layer 0 chain for other chains to build and deploy using its base code. Additionally, there is an option to convert the MTL DAO token to Metal coin at a ratio of 2:1 for a limited period of time.
What makes Metal DAO unique?
Metal DAO, represented by the $MTL token, offers several unique features compared to other cryptocurrencies. Here are some key aspects that set Metal DAO apart:
1. Governance Token: $MTL serves as the governance token for the Metal DAO ecosystem. It allows token holders to participate in decision-making processes related to the development and governance of the Metal blockchain and associated products.
2. Stablecoin Integration: Metal DAO has introduced stablecoins called XMD (Metal Dollar) and XME (Metal Euro). These stablecoins are backed by $MTL and provide stability in value, making them suitable for everyday transactions.
3. Reduced Trading Fees: Holding a certain amount of $MTL tokens on the Metal Pay platform grants users reduced or zero trading fees. This incentivizes token holders to engage with the Metal ecosystem and use Metal Pay for their digital currency transactions.
4. Layer 0 Blockchain: Metal blockchain is a layer 0 chain that allows other chains to develop and deploy using its base code. This feature enables interoperability and the potential for seamless integration with other blockchain networks.
5. Migration Potential: Proton, an existing blockchain project, plans to migrate onto the Metal blockchain. This migration showcases the scalability and compatibility of Metal DAO, opening up opportunities for collaboration and expansion.
Overall, Metal DAO distinguishes itself by combining governance capabilities, stablecoin integration, reduced trading fees, and its layer 0 blockchain design, positioning itself as a unique player in the cryptocurrency landscape.
Live Metal DAO Price Data
The current price of Metal DAO (MTL) is approximately $1.67, reflecting a decrease of -3.79% in the last 24 hours. The MTL trading volume in the last 24 hours stands at $11.54 million. Metal DAO's market cap is currently $112.93 million, accounting for about < 0.01% of the total crypto market cap. The circulating supply of MTL is 66.59 million.Â
For a comprehensive list of exchanges, visit our crypto exchanges page. To understand Metal DAO's performance over time, consider exploring its price history and ROI. For in-depth analysis and insights on MTL, check out our crypto insights page.Â
Official Links
MTL to USD Converter
Price History
- All-Time High
- $16.8710.06x to ATH
- All-Time Low
- $0.117314.30x to ATL
- Trade Launch Date
- 9 Jul, 2017
2476 days ago