Metal Dollar

XMD Price

What is Metal Dollar about?

The Metal Dollar (XMD) is an innovative stablecoin operating on the Proton Blockchain, designed to enhance stability, transparency, and efficiency in digital transactions. It is uniquely backed by a selection of established, non-algorithmic bank reserve-backed stablecoins such as USDC, USDT, and PAX, aiming to mitigate risks associated with single-issuer or algorithmic stablecoins and improve stability.

What makes Metal Dollar unique?

Metal Dollar stands out by pegging its value to a basket of established stablecoins, offering a novel approach to stability and governance. It leverages the Proton Blockchain to enable secure, efficient transactions with fast confirmation times, high throughput, and low fees. Additionally, it features a decentralized governance model supported by the Metal DAO (XMT) token, allowing XMT holders to propose and vote on key decisions, ensuring a democratic and inclusive management of the protocol's direction.

What's the history of Metal Dollar?

The Metal Dollar project was launched in 2022 in response to the increasing demand for stability and reliability in the cryptocurrency market. It seeks to combine the benefits of non-algorithmic bank reserve-backed stablecoins with the transparency, security, and efficiency provided by the Proton Blockchain.

What's next for Metal Dollar?

Future plans for XMD include collaborations with industry stakeholders to expand its reach and enhance functionality. Upcoming developments aim to achieve interoperability with other blockchain networks and increase integration with decentralized applications (DApps).

What can Metal Dollar be used for?

XMD, as a stablecoin, facilitates transactions on ProtonDEX.com. The process to mint XMD involves bridging supported stablecoins onto the Proton Blockchain. The value of XMD is pegged to the basket of these supported stablecoins.

Where can you buy Metal Dollar?

XMD tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade Metal Dollar is Metal X, where the most active trading pair METAL/XMD has a trading volume of $549,500.83 in the last 24 hours.

What is the daily trading volume of Metal Dollar (XMD)?

The trading volume of Metal Dollar (XMD) is $1,911,612.80 in the last 24 hours, representing a -21.00% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Metal Dollar (XMD)?

Metal Dollar (XMD) reached an all-time high of $1.16 and an all-time low of $0.1816. It’s now trading -13.60% below that peak and 453.50% above its lowest price.

What is the market cap of Metal Dollar (XMD)?

Market capitalization of Metal Dollar (XMD) is $840,771 and is ranked #3201 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of XMD tokens (840 Thousand tokens are tradable on the market today).

What is the fully diluted valuation of Metal Dollar (XMD)?

The fully diluted valuation (FDV) of Metal Dollar (XMD) is $840,771. This is a statistical representation of the maximum market cap, assuming total number of 840 Thousand ETH tokens are in circulation today.

How does the price performance of Metal Dollar compare against its peers?

With a price increase of 0.20% in the last 7 days, Metal Dollar (XMD) is outperforming the global cryptocurrency market which is down -0.70%, while outperforming when compared to similar Stablecoins cryptocurrencies which are up 0.00%.