I thought I was buying Metal. I mean, it’s named Metal in my Loan portfolio. FML. Excuse my ineptitude, but what is the circulating supply of XMT and what is the difference between it and Metal?
XMT is the governance token for the metal dollar.
Lol - I guess I’ve gotta go back to the white-paper.
As such, is it XMT that gets bought/burned when metal dollar is minted?
MTL/XMT was changed to Metal Dao correct. It’s future new use case will be governance for stable wrapped tokens like the Metal Dollar (XMD and XME). Different to the token representing the MetalChain (METAL).
It will be burned on proposals made for Metal Dollar, Metal Euro, etc.
This is unreal. I am so pissed right now. And not drunk. Does the circulating supply change?
Of what? MTL/XMT/Metal Dao supply didn’t change. It will shrink with proposals.
Nothing to be mad about.
How long ago was this announced?
Speak for yourself - If I’m reading things correctly, I bought XMT rightly assuming it was Metal. I just found out it is now a DAO token, not the governance token for the blockchain. I bought it with the understanding that it would be burnt with every mint of the stable-coin. I’ve been on holiday for a couple of weeks and I’m not super plugged in, but I’m surprised that I would’ve missed this if it was announced and talked about at length, since April.
Sounds like you are confusing the two. METAL was just announced recently
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