The Metal DAO token MTL is a utility token which is used to govern the stablecoin Metal Dollar (XMD). Additionally, it provides trading discounts to MTL holders when they use the Metal Pay cash & crypto app. Customers of Metal Pay who own 10,000 or more MTL get charged 0% fees on all of their cryptocurrency purchases.
The team has planned that, in the future, the Metal coin MTL holders will be able to propose new stablecoins for the Metal Dollar basket and vote on stablecoin issuers such as fintechs and community banks.
How To Buy Metal or Add it to your strategy
The fastest, most convenient way to purchase Metal is to purchase it on ICONOMI. We check Metal live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy Metal by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto trades use fundamental and technical analysis to evaluate if Metal is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy Metal, we recommend you read the next section, as copying might be a better approach.
Add Metal to your portfolio by copying a Strategy
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Metal in their structure.