What Is Metal Swap? (METAL) Complete Guide & Review About Metal Swap?

What Is Metal Swap? (METAL)

“Metal Swap is a decentralized exchange powered by smart contracts on the BNB smart chain where cryptometals can be created and traded. Cryptometals are a group of blockchain-based metals that mimic the price behavior of real-world metals and provide the possibility of transacting anywhere and anytime for traders without the burdens of actually owning metals. The Metal Token(Metal) is minted by MetalSwap project team as the governance token for the MetalSwap community. “

Get Started

Start your first trade at MetalSwap by connecting your BSC wallet.

Add cryptocurrencies to your account.

You can send various cryptocurrencies, including BTC, ETH, BNB, USDT, and Metal, to your MetalSwap account. Currently, the only supported network is Binance Smart Chain.

Check your portfolio value.

Check the balance of your MetalSwap portfolio page to see if your ryptocurrencies arrive.

Start trading.

Navigate to the market page select or search for a cryptometal to trade.

Roles in MetalSwap community

Trader

A trader can buy and sell existing cryptometals and Metal tokens on the MetalSwap platform.

Minter & Shorter

A minter can obtain newly minted tokens of a cryptometal through collateral BTC, ETH, BNB, USDT, and Metal token. On the contrary, a shorter can sell the minted tokens and get the corresponding LP tokens.

Liquidity provider

Metal Swap Coin Liquidity provider adds the same amount of crypto metals and BNB to increase the liquidity for the market. The liquidity provider will earn the share of newly minted LP tokens. Those LP tokens can also be burned to reclaim more share of cryptometals and BNB from the pool. Staker Users can stake their LP tokens or Metal token to earn more Metal tokens with a high yield return.

Oracle Feeder

A oracle feeder provides the up-to-date Metal Swap Coin price that are tasked with periodically fetching exchange rates from reputable sources and reporting them to the Oracle contract. The oracle feeder will be Chainlink in the preparation stage, and it will be elected through polls in the MetalSwap community after release. It can be changed by the community if it underperforms its duties.

Token

Voting

MetalSwap is the autonomy place so that the members can vote for all decisions. Voting gives a voice to the community, letting the community have a say in how develops into the future. Members can use their $Metal to vote proposals posted by the team. The results will be actioned. All those $Metal collected from voting will be sent to the liquidity pool.

Membership

Holding more $Metal means you will enjoy more rights at MetaSwap, such as low fees, alert service, and even create polls in the community.

Buyback and Burn

The percentage of trading fees will be polled in the MetalSwap community. The result will be posted here. All trading fees will be used to buyback and burn $Metal token. It will support long-term price stability and value growth for MetalSwap.

MetaSwap Stake

Metal Swap Coin Stake pools allow users to earn $mMetal while supporting MetalSwap by staking mMetal-BNB LP token and other tokens chosen by polls in community. Since it takes time to transfer the liquidity from $Metal-BNB to $mMetal-BNB, $Metal holders can release the exact value of the $Metal-BNB transaction through staking their tokens. If a $Metal holder stakes tokens worth 5 BNB, he will be able to trade $Metal worth 5 BNB easily during this month.

There are three phases of MetalSwap staking.

Phase 1. In the first ten days, the daily output of $mMetal token will be 800,000,000 mMetal. Community members will vote for staking pools.

Phase 2. Community members need to vote for the most wanted daily output of mMetal regarding the latest price and circulate supply in the market.

Phase 3. After releasing the MetalSwap launchpad and CryptoMetals, we will add CryptoMetals LP token pools for users’ staking to earn more profit!

Roadmap

Crypto moving fast, but they capture it and not let it chance slip. That means that we don’t publicly commit to specific timelines, so they can organize our development priorities based on market changes and developer resources.

Q1 2022

Design of $Metal tokenomics Perpetuals trading develop

Limit order develop

Fixed-term staking develop

Futures-based normalization develop

Members benefit system programming

NFTs platform set up and develop.

Q2 2022

Launching the first marketing campaign

Major detail performance upgrades

Social media builds and setup

Website listing 1.0Whitepaper 1.0Metal token contract deployment

Metal token presale gets ready

Metal token listing on PancakeSwap

Coinmarketcap, CoinGecko and CEXs Listings Core futures pools develop and listing

Mobile app programming

Members have rights to polls on MetalSwap to list new Crypto metals listings

2022 Q3

MetalSwap staking announcement 1.0

Site upgrades/other futures add-in

Whitepaper 2.0

Mobile system 1.0 is coming out

Airdrop events are release

Market data analytics

Metaswap reports coming out

Q4

Staking APR/APY calculator

website update 2.0

Financial report release

Whitepaper 3.0