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.

The best Metal Dollar wallet should balance both security and ease of use.

With a Metal Dollar wallet, you can not only securely store and manage (token name), but also freely conduct cross-chain transactions, participate in DeFi protocols, and interact with DApps.

Metal Dollar wallet provides real-time transaction tracking, open-source and transparent security mechanisms, and a smooth experience on the Metal Dollar network, giving you complete control over your crypto assets.

1. Download wallet: Visit the OneKey official website and download the OneKey App for macOS, Windows, iOS, or Android.

2. Create wallet: Open the App, select "Create New Wallet" or "Connect Hardware Wallet".

3. Backup wallet: Safely write down the recovery phrase and store it offline. We never upload or save your recovery phrase.

4. Deposit Metal Dollar: Copy the wallet address and transfer Metal Dollar from an exchange or another wallet.

All private keys are generated and stored offline on the device, giving you complete control over your assets.

1. Send Metal Dollar: Enter the Metal Dollar address and amount, then confirm the signature in the App. The transaction will be broadcast to the blockchain immediately after completion.

2. Receive Metal Dollar: Click "Receive" to get the wallet address, share it with the sender, and you can view the balance in real-time in the App after receiving the tokens.

3. Manage assets: Track transaction history, access DeFi protocols, or perform cross-chain operations in the Metal Dollar wallet, all in one App.