I recently encountered the term 'MTL coin' and I'm curious to learn more about it. Could someone explain what an MTL coin is, its background, and how it's used in the cryptocurrency world?
            
            
            
            
            
            
           
          
          
            7 answers
            
            
  
    
    JejuSunshine
    Fri Nov 01 2024
   
  
    It serves as the governance token for the stablecoin Metal Dollar (XMD), ensuring the stability and reliability of the digital currency.
  
  
 
            
            
  
    
    GeishaMelody
    Fri Nov 01 2024
   
  
    Metal DAO (MTL) is a utility token that holds a significant role in the cryptocurrency ecosystem.
  
  
 
            
            
  
    
    Paolo
    Thu Oct 31 2024
   
  
    MTL not only governs XMD but also offers benefits to its holders through the Metal Pay cash & crypto app.
  
  
 
            
            
  
    
    GinsengBoost
    Thu Oct 31 2024
   
  
    This incentive encourages MTL holders to use the Metal Pay app more frequently, thereby driving up engagement and activity on the platform.
  
  
 
            
            
  
    
    Leonardo
    Thu Oct 31 2024
   
  
    Holders of MTL can receive tiered trading discounts when they use the Metal Pay app, making it a valuable asset for frequent traders.