DAO POWERED ON!

Mirko Semprebon

Published in

MetalSwap

3 min readDec 12, 2021

Another day, another milestone!

Hey @everyone!
Did you catch the news last night from Twitter?

⚡ MetalSwap ’s Dev Team is happy to announce that our DAO has just been released!

Now using the “self delegate” button would prepare your wallet to partecipate to the governance (yet there’s no proposals, you don’t need to click it yet)! Don’t forget that allowance is needed only before your first vote or proposal! We will share a step by step “how-to” tutorial! ;)

Let’s take a look together: done the self delegation approval, this is what we can see right now:

To create a new proposal, the voting power needed is set at 3M, and the following image is what you see not having enough tokens to open a new proposal.

Quoting our legendary whitepaper about $XMT ’s scope:

The decision-making body of the MetalSwap technological infrastructure is a “DAO” (Decentralized Autonomous Organization) control structure consisting of all users in possession of the project token.
The possession of this token gives users the right to take part in votes proposed by
other members, where the individual weight on each vote is directly proportional to the number of tokens held.
MetalSwap’s DAO has complete control:
➣ over protocol development decisions,
➣ over the proposals and implementation of new monetisation models,
➣ over the distribution of the fees generated,
➣ over the technological features to be implemented,
➣ over the creation of new pairs of crypto assets and their liquidity pools.

This means that in the near future, our path will be proposed, voted and determined by XMT ‘s great tokenholders!

What a time to be in DeFi!

⚠️Warning⚠️

❗ METALSWAP ‘s admins or moderators will NEVER contact you directly on any social under any kind of circumstances.

❗ Everything concerning $XMT ‘s smart contracts and addresses is shared by our official channels (list below), do not trust any different info from any different source.

To the MetalSwap!

… and beyond!

✎ What is MetalSwap?

MetalSwap is a decentralized platform that allows hedging swaps on financial markets with the aim of providing a coverage to those who work with commodities and an investment opportunity for those who contribute to increase the shared liquidity of the project. Allowing the protection for an increasing number of operators.

With MetalSwap we enable hedge swap transactions through the use of Smart Contracts, AMM style.