About Metal Dollar
What is the project about? The Metal Dollar (XMD) represents an innovative approach to stablecoins, operating on the Proton Blockchain. Its design brings increased stability, transparency, and efficiency to digital transactions. Uniquely, XMD is backed by an array of established, non-algorithmic bank reserve-backed stablecoins, including USDC, USDT, and PAX, a method intended to mitigate risks associated with single-issuer or algorithmic stablecoins and enhance stability. What makes your project unique? The Metal Dollar distinguishes itself from traditional stablecoins by pegging its value to a selection of established stablecoins, providing an innovative approach to stability and governance. It utilizes the Proton Blockchain's features to enable secure, efficient transactions with swift confirmation times, high throughput, and low fees. The project is also characterized by a decentralized governance model supported by the Metal DAO (XMT) token. XMT token holders can propose and vote on crucial decisions concerning the Metal Dollar protocol, facilitating a democratic and inclusive management over the protocol's direction. History of your project. The Metal Dollar project came into existence in 2022 as a response to the growing demand for stability and reliability in the crypto market. It aims to combine the benefits of non-algorithmic bank reserve-backed stablecoins with the transparency, security, and efficiency offered by the Proton Blockchain. What’s next for your project? Plans for XMD include collaborations with industry stakeholders to increase its reach and enhance functionality. Future developments envision interoperability with other blockchain networks and increased integration with DApps. What can your token be used for? XMD, as a stablecoin, facilitates transactions on ProtonDEX.com. The process to mint XMD involves bridging supported stablecoins onto Proton Blockchain. The value of XMD is pegged to the basket of these supported stablecoins.
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Market Stats
Market Cap
$831,064.57
0.78%
FDV
Not enough data
Circulating Supply
836,560.775 XMD
Max Supply
Not enough data
Total Supply
836,560.775 XMD
Diluted Valuation
$834,768.00
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$1,614,204.00
-0.04%
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
$1.00
Overall Price Change (1Y)
-0.01%
Additional info about Metal Dollar
Recent trends
The price of Metal Dollar has decreased by 0.37% in the last hour and decreased by 1.20% in the past 24 hours. Metal Dollar’s price has also fallen by 1.77% in the past week. The current price is $0.99 per XMD with a 24-hour trading volume of $1.61M. Currently, Metal Dollar is valued at 0.62% below its all time high of $1.00. This all-time high was the highest price paid for Metal Dollar since its launch. The current circulating supply of Metal Dollar is 836,560.775 XMD which means that Metal Dollar has as total market cap of $831,064.57.
Market details
XMD vs markets
↘ 14.36%
XMD vs BTC
↘ 24.74%
XMD vs ETH
↗ 95.33%
Tags
Network & Addresses
Network | Address |
|---|
Price history
Time | Price | Change |
|---|---|---|
Today | $0.99 | ↘ 1.20% |
1 Day | $1.01 | ↘ 1.20% |
1 Week | $1.01 | ↘ 1.77% |
1 Month | $1.00 | ↘ 0.67% |
1 Year | $1.00 | ↘ 1.11% |
FAQ
We update our Metal Dollar to USD currency in real-time. Get the live price of Metal Dollar on Coinbase.
The current market cap of Metal Dollar is $831.06K. A high market cap implies that the asset is highly valued by the market.
The all-time high of Metal Dollar is $1.00. This all-time high is highest price paid for Metal Dollar since it was launched.
Over the last 24 hours, the trading volume of Metal Dollar is $1.61M.
Assets that have a similar market cap to Metal Dollar include Egg, Agent Smith, Recon Solana, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Metal Dollar is 837 thousand.
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Legal
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.