Metal DAO
Crypto Overview
Project Overview
Metal DAO (MTL) is a cryptocurrency project that originated as a payment platform aiming to reward users with crypto for making purchases. The project has evolved into a decentralized autonomous organization (DAO) focused on developing blockchain-based financial services and products.
Purpose and Utility
The primary stated purposes of MTL include: governance rights in the Metal DAO ecosystem, rewards for platform usage, and serving as the native token for Metal's products including the Metal Pay application.
Current Usage and Development
The project maintains active development, with recent focus on: Metal Pay - a payment app allowing users to buy, sell, and transfer cryptocurrencies, Metal DAO governance - where token holders can participate in decision-making regarding the protocol's future, Integration with various DeFi protocols and services.
Token Distribution and Governance
MTL tokens are used for governance in the Metal DAO ecosystem. Token holders can participate in protocol decisions through voting. The token distribution appears relatively decentralized, with no concerning concentration among founders or early investors.
Revenue Model and Operations
The project generates revenue through transaction fees on the Metal Pay platform and various DeFi integrations. These operations do not inherently involve riba or gambling mechanisms.
Crypto Impact
To assign a comfort level investing in Metal DAO from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Metal DAO.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.