Metal DAO Price

Metal DAO (MTL) is a cryptocurrency launched in 2016 as the native utility token of the Metal Pay cash-and-crypto application and the governance backbone of the Metal Dollar (XMD) stablecoin. It straddles the domains of payments, Layer 2 scaling, and decentralized stablecoin management.

The token anchors a dual-purpose ecosystem that solves two distinct frictions: high retail trading costs and centralized control over stablecoin composition. Holding a qualifying balance of MTL eliminates transaction fees for crypto purchases within Metal Pay, while the same tokens confer voting rights to dictate the basket of assets underlying XMD. In this way, the protocol merges a consumer payments app with a DAO-governed monetary instrument.

Metal DAO operates on the Metal L2 blockchain, a dedicated Layer 2 execution environment engineered for the Metal Pay ecosystem. The network processes transactions off-chain for final settlement, cutting latency and gas expenses compared to base-layer alternatives. This architecture allows the Metal Pay app to serve its users without the friction typical of layer-1 token transfers.

MTL is deployed as an ERC-20 compatible token on Metal L2, inheriting the developer tooling and composability of the Ethereum Virtual Machine. Its verified contract on the network explorer—0xbcfc435d8f…—provides transparency for supply auditing and integration by third-party services.

The project originated with Metallicus, a US-based fintech company that released Metal Pay in 2016. An early Binance listing propelled the token into a high-liquidity environment, cementing its presence as a medium of exchange and a tradable asset. Subsequent expansion saw the DAO structure formalized to govern the Metal Dollar stablecoin.

The overarching goal is to decentralize the governance of a dollar-pegged stablecoin, removing single-issuer risk and placing allocation power in the hands of token holders. Metal DAO aims to build a permissionless framework where community banks, fintechs, and other qualified issuers can plug into the stablecoin basket—subject to community ratification. This pushes the project beyond a mere payments app into the realm of programmable, community-regulated money.

Mechanically, MTL serves a dual role: a utility pass for fee elimination on Metal Pay and a governance weight in the Metal Dollar DAO. Users must hold 10,000 MTL to unlock zero-fee crypto purchases; this threshold creates a tangible economic anchor for the token. Within the DAO, each MTL represents a voting share used to admit new stablecoin issuers and set their respective collateral weights—directly influencing XMD’s risk profile.

A retail trader holding the 10,000-MTL threshold permanently strips purchase fees from their Metal Pay experience, making accumulated holdings a practical cost-saving tool. On the governance side, community members stake or delegate MTL to propose and vote on stablecoin candidates—turning the token into a lever for ecosystem curation. Potential stablecoin issuers, such as regulated fintechs, seek MTL-weighted support to gain entry into the XMD basket.

Metal DAO has a total supply of 90,635,915 tokens. Currently, 90,635,915 are in circulation. With a market capitalization of $27,101,814, Metal DAO ranks #726 among all cryptocurrencies.