MTL Metal DAO Rank #812

Metal DAO (MTL) is a utility and governance token associated with the Metal Pay application, which is developed by Metallicus, a United States-based company that launched the platform in 2016. Operating within the smart contract and Layer 2 categories, MTL primarily serves as the governing token for the Metal Dollar (XMD), a stablecoin ecosystem. Holders of MTL can participate in the decentralized governance of the Metal Dollar basket, with the ability to propose the addition of new stablecoins, adjust their allocation ratios, and vote on the approval of new issuers, including community banks and fintech firms. Beyond governance, MTL provides practical utility within the Metal Pay cash and crypto app through a tiered fee structure. Users who hold 10,000 or more MTL tokens are eligible for zero-percent trading fees on cryptocurrency purchases, while smaller holdings receive progressively reduced fees. This combination of governance rights and tangible transactional benefits positions MTL as an integrated token that connects protocol-level decision-making with everyday user activity on the Metal Pay platform.