What is Metal (MTL)

I. Project Introduction

Metal DAO (MTL) is the utility and governance token of the Metal L2 Optimistic Rollup, part of the Superchain, used to pay for gas fees on the network.
MTL governs the Metal L2 network through the Metal DAO, enabling holders to vote on governance decisions and grant allocations. This includes the ability to propose new stablecoins for the Metal Dollar basket, decide their allocation ratios, and vote in new stablecoin issuers such as community banks or fintechs.
Metal Pay offers tiered trading discounts to MTL holders when using the Metal Pay cash and crypto app. Notably, Metal Pay customers with over 10,000 MTL enjoy 0% fees on all cryptocurrency purchases.
Metal L2 is a cutting-edge Layer 2 Ethereum scaling solution launched by Metallicus, aimed at integrating traditional finance with decentralized finance. As part of the Optimism Superchain, Metal L2 stands out by providing 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 L2 leverages the Layer 0 Metal Blockchain, supporting compliance with industry regulations like the Bank Secrecy Act (BSA), and promises to connect dApps to a broader payments and banking network, enhancing user-friendly digital banking experiences and contributing to the Optimism ecosystem.

II. Cryptocurrency Information

1) Basic Information

Name: Metal DAO (MTL)

III. Related Links

Official Website:https://www.metalpay.com/

Blockchain Explorer:https://explorer.metall2.com/token/0xBCFc435d8F276585f6431Fc1b9EE9A850B5C00A9

Social Media:

https://x.com/Metal_L2

Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. HTX does not take responsibility for any resulting direct or indirect losses.