MetalSwap operates as a decentralized platform governed by its DAO, where voting rights are determined by XMT holdings. It functions as an innovative hub for Hedging Contracts within financial markets, primarily providing a RiskOff coverage tool for individuals and entities involved with Digital Assets. The XMT token serves as the governance instrument for the platform, exercising its voting power on the Ethereum Mainnet.

The Initial DEX Offering (IDO) for MetalSwap took place on November 19th, 2021, launching 2 billion XMT tokens. The distribution of these tokens is allocated as follows:

• Treasury: 25%
• Rewards: 23%
• Public Sale: 15%
• Strategic Investors: 10%
• Founders, Team & Advisors: 10%
• Ecosystem Development: 10%
• Private Round: 4%
• Marketing: 2%
• Seed Round: 1%

Additional details are available on the MetalSwap Docs Official Page.