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Metal DAO

MTL

CAD

About Metal DAO

MTL is an Ethereum token that powers the Metal's products and ecosystem. Metal DAO is a payment processing application that provides its users with the facility to convert their fiat currencies into cryptocurrencies and vice-versa.

Resources

Official website

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.

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Market

Canada Market Stats

Market cap

CA$174.2M

Volume (24h)

CA$9.8M

Circulating supply

66.6M MTL

Typical hold time

6 days

Popularity

#408

All time high

CA$20.26

Canada Market performance

Price change (1h)

+0.18%

Price change (1d)

+0.74%

Price change (1w)

-0.64%

Price change (2w)

+6.9%

Price change (1m)

+11.82%

Price change (1y)

+80.32%

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Social

Some highlights about Metal DAO on social media

212 unique individuals are talking about Metal DAO and it is ranked #534 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Metal DAO has an average sentiment score of 3.3 out of 5. Finally, Metal DAO is becoming more newsworthy, with 0 news articles published about Metal DAO. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly bullish about Metal DAO. There were 54.39% of tweets with bullish sentiment compared to 23.25% of tweets with a bearish sentiment about Metal DAO. 22.37% of tweets were neutral about Metal DAO. These sentiments are based on 228 tweets.

On Reddit, Metal DAO was mentioned in 1 Reddit posts and there were 3 comments about Metal DAO. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

212 people

Posts

152 posts

Dominance

0.02%

Volume rank

#534

Average Sentiment

3.3 out of 5

Twitter

Coinbase Bytes

Coinbase Bytes

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Metal DAO is on the decline this week.

The price of Metal DAO has increased by 0.18% in the last hour and increased by 0.74% in the past 24 hours. Metal DAO’s price has also fallen by 0.64% in the past week. The current price is CA$2.61 per MTL with a 24-hour trading volume of CA$9.79M. Currently, Metal DAO is valued at 87.10% below its all time high of CA$20.26. This all-time high was the highest price paid for Metal DAO since its launch.

The current circulating supply of Metal DAO is 66,588,888 MTL which means that Metal DAO has as total market cap of 66,588,888.

FAQ

What is the current price of Metal DAO?

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

What is the market cap of Metal DAO?

The current market cap of Metal DAO is CA$174.18M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Metal DAO?

The all-time high of Metal DAO is CA$20.26. This all-time high is highest price paid for Metal DAO since it was launched.

What is the 24 hour trading volume of Metal DAO?

Over the last 24 hours, the trading volume of Metal DAO is CA$9.79M.

What other assets are similar to Metal DAO?

Assets that have a similar market cap to Metal DAO include Kyber Network, Ergo, Dusk, and many others. To see a full list, see our comparable market cap assets.

How many Metal DAO are there?

The current circulating supply of Metal DAO is 67 million.

What is the typical holding time of Metal DAO?

The median time that Coinbase customers hold Metal DAO before selling it or sending it to another account or address is 6 days.

What is the relative popularity of Metal DAO?

Metal DAO ranks 272 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Metal DAO?

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.

Can I buy Metal DAO on Coinbase?

Yes, Metal DAO is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Metal DAO guide.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.