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View ChartMetal DAO (MTL) is the utility and governance token of Metal L2, an Ethereum Layer 2 scaling solution built as an Optimistic Rollup and part of the Optimism Superchain. Metal L2 is designed to bridge traditional finance with decentralized finance by providing direct connections to banks, payment partners, and on-chain identity solutions. The token is used to pay for gas fees on the network and to participate in governance decisions through the Metal DAO. MTL v2 is issued on Metal L2, while MTL v1 was originally issued on Ethereum. MTL is separate from METAL, the native asset of Metal Blockchain, and from XMD (Metal Dollar); Metal DAO governance on XPR Network uses a corresponding token called XMT. Always verify the network and symbol before transferring. The project is developed by Metallicus, with a total supply reported at approximately 93.39 million MTL and no maximum supply cap. Metal DAO represents a fusion of decentralized governance and traditional finance, offering a unique approach to cryptocurrency management.
Metal DAO (MTL) was launched via an ICO on June 08, 2017, raising $1,945,000 USD at $0.18 USD per token. The project is now developed by Metallicus, Inc., the parent company behind Metal Pay and Metal L2. The initiative was spearheaded by Marshall Hayner, who serves as CEO of Metallicus, and Glenn Mariën. Both are described as key figures behind Metal DAO. Other key team members during the Metal DAO ICO included Andy Goldstein, Oscar Munoz, and Madisyn Li. Metallicus is the team responsible for building Metal L2, Metal Blockchain, Metal Pay, and related ecosystem products. The Metallicus Client Services team provides 24/7 live support. The project's history of innovation and strategic development is attributed to the leadership of Marshall Hayner and Glenn Mariën.
Metal L2, an Ethereum Layer 2 Optimistic Rollup, had its mainnet deployed on March 29, 2024. It is designed to be interoperable with the Metallicus Digital Banking Network through Metal Blockchain, the foundational Layer 0 also deployed by Metallicus. The network reduces gas fees, enables fast transactions, and provides direct connections to banks, payment partners, and on-chain identity solutions. MTL is used to pay gas fees on Metal L2 and serves as the governance token through the Metal DAO. Holders can vote on governance decisions, grant allocations, and proposals such as adding new stablecoins to the Metal Dollar basket. Metallicus is bringing a suite of BSA-compliant (Bank Secrecy Act) blockchain solutions to the Superchain, including a fiat on-ramp with Metal Pay, decentralized on-chain identity (DID) with Metal Identity, a digital WebAuthentication (Webauthn) wallet at WebAuth.com, and the reserve-backed Metal Dollar (XMD) index.
Metal DAO stands out by combining decentralized governance with traditional finance infrastructure. As part of the Optimism Superchain, Metal L2 provides direct connections to banks, payment partners, and on-chain identity solutions, ensuring scalability in Web3 while maintaining rigorous compliance. The network introduces the Metal Dollar (XMD), a stablecoin facilitating instant transfers between major stablecoins and fiat. Metal DAO holders can influence the ecosystem through voting on governance decisions and grant allocations. Metal Pay offers tiered trading discounts to MTL holders; customers holding over 10,000 MTL pay 0% fees on all cryptocurrency purchases. Users can earn up to 5% cashback in MTL tokens through proof-of-processed payment rewards.
The Metal DAO ecosystem includes Metal Pay, a platform allowing users to buy, sell, and transfer over 40 cryptocurrencies, available in the US, Australia, and New Zealand. Metal Pay is a service of Metallicus, Inc., a licensed money transfer provider (NMLS ID: 2057807), and MetalPay, Inc. (NMLS ID: 2731963). Metal L2 is the Layer 2 Ethereum scaling solution, while Metal Blockchain serves as the foundational Layer 0. Metal Dollar (XMD) is a reserve-backed US dollar stablecoin index governed by the Metal DAO and backed by a basket of established, non-algorithmic, bank reserve-backed stablecoins including USDC, PYUSD, and PAX. Metal Identity provides decentralized on-chain identity, and WebAuth.com offers a digital WebAuthentication wallet. Metal X is an exchange within the Metallicus ecosystem and is one of the platforms supporting the MTL v1 to v2 migration. Governance on XPR Network uses a corresponding token called XMT. Velodrome, the largest DEX on the Optimism Superchain, has submitted a governance proposal for integration and incentives. Governance proposal MIP-001 passed via governance vote on April 5, 2024, with overwhelming community support; it set the network's transition from Ethereum mainnet to Metal L2 in motion and created a grants pool for contributors on Metal L2 plus continuous funding for sequencer maintenance and core tools.
MTL is not mined. It is an ERC-20 token originally issued on Ethereum and now issued on Metal L2, where it is used to pay gas fees and to vote in the Metal DAO. New MTL enters circulation through inflation and through fees collected by the network, which flow to the DAO treasury; holders can also stake MTL, with rewards funded from these sources. Users can acquire MTL through supported platforms and participate in the ecosystem by holding the token for governance and fee benefits.
Users should always verify official contract addresses at metall2.com and never connect a wallet to third-party applications outside of the Metallicus Ecosystem. The only official MTL v2 airdrop took place on June 26, 2024 at 20:00 PST, following a snapshot of Ethereum-based MTL v1 (contract 0xF433089366899D83a9f26A773D59ec7eCF30355e) taken on June 24, 2024 at 20:00 PST. The migration ratio from MTL v1 to MTL v2 is 1:1. Be cautious of any other airdrop claims. Supported wallets for MTL include WebAuth (native support), Metal Pay (native support), MetaMask, Rainbow Wallet, Core Wallet, Crypto.com DeFi Wallet, and Coinbase Wallet. Holders of MTL on Metal Pay, WebAuth, or Metal X do not need to take any action for migrations, as they are automatically included in snapshots. Users should verify the network and symbol before transferring MTL, METAL, XMD, or XMT assets, as they are separate assets. Metal DAO is a highly volatile asset capable of major price swings in a single day.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for MTL are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of Metal DAO (MTL) is CA$0.337142. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated MTL to USD rate at the top of BTCC’s price page. In terms of market scope, Metal DAO records a 24h trading volume of CA$525.854392K (reflecting total buying and selling activity over the last 24 hours), with a total market cap of CA$31.959306M. Its current circulating supply stands at 94.08M out of a maximum supply cap of ∞.
The price volatility of Metal DAO (MTL) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Bank of Canada or US Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (94.08M) to max supply (∞), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Metal DAO (MTL) hit an all-time high (ATH) of CA$21.073568 on 2017-09-07 22:25, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at CA$0.164775 on 2020-03-13 02:30. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading MTL futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume (CA$525.854392K), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s MTLUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Metal DAO, simply log into your BTCC account with USDT margin available, navigate to the MTLUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for MTLUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: CA$0.337142), you can practise opening/closing positions, adjusting leverage, and setting TP/SL for MTLUSDT with zero financial risk.
Trading Metal DAO (MTL) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for MTLUSDT, and review its live price (CA$0.337142) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
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