$0.010188
+$0.000053(+0.53%)
Market Cap
--
24h High
$0.010340
24h Low
$0.010039
24h Turnover
$137.66
Total Supply
2.00B
Market Sentiment
Neutral
About MetalSwap (XMT)
"MetalSwap is a decentralized platform that allows hedging swaps on financial
markets with the aim of providing a coverage to those who work with commodities
and an investment opportunity for those who contribute to increase the shared
liquidity of the project. Allowing the protection for an increasing number of operators.
At the moment, financial swaps are the most widely used ""insurance"" tool for
large-scale exchanges of raw materials such as metals, but everything takes place
on centralized markets that require financial hedge and bank credit lines that are
not always accessible to all and with ""restrictive"" bureaucratic times.
With the concept of an economic incentive, given by the distribution of the
governance token ($XMT), the system will have publicly accessible pooled liquidity.
Through a set of ""smart contracts"", initially written on Ethereum, the contracts will
make it possible to execute swaps without the need for intermediaries, at reduced
costs and without time restrictions."
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