Metal BlockchainPrice

(METAL)

MTL (Metal DAO) was the original Ethereum-based token for the previous ecosystem. METAL, on the other hand, is the native coin of the new Layer 0 Metal Blockchain. This new chain is designed for scalability and enterprise adoption. Users typically convert their legacy MTL to the new METAL coin, often facilitated through the WebAuth wallet. Holding METAL is essential for participating in the network, including staking, paying transaction fees, and utilizing the ecosystem's various features.

The Metal Blockchain is designed with a unique deflationary model where all transaction fees generated across the network are permanently removed from circulation, or "burned." This process directly reduces the total supply of METAL over time. The primary benefit of this mechanism is the creation of a potentially scarce asset, which can be attractive for long-term holders. A decreasing supply, assuming consistent or increasing demand, aims to support the coin's value and economic sustainability for the entire Metal ecosystem.

To participate in securing the Metal Blockchain network through staking, there are distinct minimum requirements for delegators and validators. Delegators, who contribute their METAL to an existing validator, need to stake a minimum of 25 METAL. For those interested in running their own validator node and actively participating in block production, a significantly higher stake is required, specifically a minimum of 2,000 METAL. These thresholds ensure network security and encourage robust participation.

When staking METAL, funds are locked for a predefined period chosen by the user or delegator at the time of staking. The minimum lock-up duration is 14 days, while the maximum allowed period extends up to 1 year. It's crucial for users to understand that once funds are committed to staking for a chosen duration, they become illiquid. There is no mechanism to unstake or access these funds early; they will remain locked and inaccessible until the full staking period has successfully ended.

Metal L2 is a Layer 2 scaling solution built upon the Metal Layer 0 blockchain, leveraging the Optimism Superchain technology. This integration allows Metal to tap into the broader Ethereum ecosystem while benefiting from Optimism's infrastructure. The main advantages for users include significantly lower transaction fees compared to Layer 1 operations and improved throughput. For developers, Metal L2 provides a familiar environment for building decentralized applications with enhanced scalability, facilitating easier asset bridging between the Metal Layer 0 and the Ethereum-compatible Layer 2 for a more versatile and efficient user experience.

METAL can be purchased on various reputable cryptocurrency exchanges. Specifically, users can acquire METAL on platforms like Metal X (the native decentralized exchange), or other well-known exchanges such as LBank, which offers a secure trading environment. For storage and management, the community widely recommends the WebAuth Wallet for mobile users, offering convenient biometric security and Passkey support. Alternatively, the Metal Wallet is preferred for desktop users and those operating validator nodes. While MetaMask can be used for the C-Chain (EVM-compatible chain), native wallets are essential for P-Chain staking functionalities.