CoinSpot Will Support the Metal DAO (MTL) Mainnet Swap

Important Update

CoinSpot has completed the Metal DAO (MTL) Mainnet Token Swap.

• Metal DAO (MTL) Instant Buy
• Metal DAO (MTL) Instant Sell
• Metal DAO (MTL) Coin Withdrawal
• Metal DAO (MTL) Coin Deposit

Please do not deposit Metal DAO (MTL) via ERC-20 Transfer Network, doing so may result in loss of funds.
We only accept Metal DAO (MTL) deposits via Metal DAO L2 Transfer Network.

The team at Metal DAO has announced that Metal DAO (MTL) will swap from:

• MTL (ERC-20)  ➡️  MTL (Mainnet) at a ratio of 1:1.

CoinSpot will facilitate the changes on behalf of all users holding Metal DAO (MTL).

Metal DAO (MTL) Deposits and Withdrawals will be halted on the 24th June 2024 and will resume once the process is complete.

The Process
Trading

Metal DAO (MTL) Instant Buy - Will remain open.

Metal DAO (MTL) Instant Sell/CoinSwap - Will remain open.

Coin Withdrawals & Deposits

Metal DAO (MTL) Coin Withdrawals - Disabled on 24th June 2024 until completion.

Metal DAO (MTL) Coin Deposits - Disabled on 24th June 2024 until completion.

Ratio & Pricing

Each user will receive a 1:1 ratio of Metal DAO (MTL) they hold in their CoinSpot wallet.

For example, this means that if the price of 1 Metal DAO (MTL) is $1.70, it will then become $1.70 Metal DAO (MTL) assuming the price does not change.

Important Note

Depositing OLD Metal DAO (MTL) via ERC-20 into your CoinSpot account following completion of the Mainnet Swap may result in the loss of your funds.

For further information on the recent changes, please have a read of the link provided below.

• Metal DAO Migration Guide
  
  

Any further updates surrounding the change will be communicated to our users via General Announcement & Updates or within this article.

Need more help? 

Please submit your request via Zendesk - https://coinspot.zendesk.com/hc/en-us/requests/new 

or start a conversation with us via Live Chat and our team will provide full instructions and advice.