Convert Metal Dollar XMD to Dai DAI
1 XMD converts to 0.9986 DAI
About XMD and DAI
Metal Dollar is falling, while Dai is climbing this week. The current XMD to DAI conversion rate is 0.9986. Inversely, this means that if you convert 1 DAI you will get 1.00 XMD. The conversion rate of XMD/DAI has increased by 0.93% in the last hour (DAI/XMD decreased by 0.93%). In the last 24 hours, XMD/DAI shrunk by 0.9%, while DAI/XMD grew by the same amount.
The exchange rate of Metal Dollar is decreasing. The current value of 1 XMD is 0.9986 DAI. In other words, to buy 5 Metal Dollar, it would cost you 4.9931 DAI. Inversely, 1 DAI would allow you to trade for 1.00 XMD while 50 DAI would convert to 50.07 XMD, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 1.19%. Meanwhile, in the last 24 hours, the rate has changed by 0.33%, and that the highest exchange rate of 1 XMD to DAI was 1.03 DAI and the lowest 24 hour value was 1 XMD for 0.9771 DAI. Last month, 1 XMD was worth 1.01 DAI. Today, it's down 1.13%. Looking back a year, Metal Dollar has changed by 1.00 DAI. That means that in a single year, the value of Metal Dollar has shrank by 0.43%.
Metal Dollar Market Stats
What is the project about? The Metal Dollar (XMD) represents an innovative approach to stablecoins, operating on the Proton Blockchain. Its design brings increased stability, transparency, and efficiency to digital transactions. Uniquely, XMD is backed by an array of established, non-algorithmic bank reserve-backed stablecoins, including USDC, USDT, and PAX, a method intended to mitigate risks associated with single-issuer or algorithmic stablecoins and enhance stability. What makes your project unique? The Metal Dollar distinguishes itself from traditional stablecoins by pegging its value to a selection of established stablecoins, providing an innovative approach to stability and governance. It utilizes the Proton Blockchain's features to enable secure, efficient transactions with swift confirmation times, high throughput, and low fees. The project is also characterized by a decentralized governance model supported by the Metal DAO (XMT) token. XMT token holders can propose and vote on crucial decisions concerning the Metal Dollar protocol, facilitating a democratic and inclusive management over the protocol's direction. History of your project. The Metal Dollar project came into existence in 2022 as a response to the growing demand for stability and reliability in the crypto market. It aims to combine the benefits of non-algorithmic bank reserve-backed stablecoins with the transparency, security, and efficiency offered by the Proton Blockchain. What’s next for your project? Plans for XMD include collaborations with industry stakeholders to increase its reach and enhance functionality. Future developments envision interoperability with other blockchain networks and increased integration with DApps. What can your token be used for? XMD, as a stablecoin, facilitates transactions on ProtonDEX.com. The process to mint XMD involves bridging supported stablecoins onto Proton Blockchain. The value of XMD is pegged to the basket of these supported stablecoins.
Dai Market Stats
Dai (DAI) is a decentralized stablecoin running on Ethereum (ETH) that attempts to maintain a value of $1.00 USD. Unlike centralized stablecoins, Dai isn't backed by US dollars in a bank account. Instead, it’s backed by collateral on the Maker platform. Note: if the Dai credit system is upgraded or shutdown, Dai holders may need to convert their Dai to Ethereum through the Maker platform. Read more at makerdao.com/whitepaper.
Conversion tables
XMD to DAI values from Today at 5:00 pm
0.5 XMD = 0.4993 DAI |
1 XMD = 0.9986 DAI |
5 XMD = 4.99 DAI |
10 XMD = 9.99 DAI |
50 XMD = 49.93 DAI |
100 XMD = 99.86 DAI |
500 XMD = 499.31 DAI |
1,000 XMD = 998.62 DAI |
DAI to XMD values from Today at 4:58 pm
0.5 DAI = 0.5007 XMD |
1 DAI = 1.00 XMD |
5 DAI = 5.01 XMD |
10 DAI = 10.01 XMD |
50 DAI = 50.07 XMD |
100 DAI = 100.14 XMD |
500 DAI = 500.69 XMD |
1,000 DAI = 1,001.38 XMD |
XMD to DAI over time
XMD | Today | 24H -0.33% | 1M -1.13% | 1Y -0.43% |
|---|---|---|---|---|
0.5 XMD | 0.4993 DAI | 0.5009 DAI | 0.505 DAI | 0.5015 DAI |
1 XMD | 0.9986 DAI | 1.00 DAI | 1.01 DAI | 1.00 DAI |
5 XMD | 4.99 DAI | 5.01 DAI | 5.05 DAI | 5.01 DAI |
10 XMD | 9.99 DAI | 10.02 DAI | 10.10 DAI | 10.03 DAI |
50 XMD | 49.93 DAI | 50.09 DAI | 50.50 DAI | 50.15 DAI |
100 XMD | 99.86 DAI | 100.19 DAI | 101.00 DAI | 100.30 DAI |
500 XMD | 499.31 DAI | 500.94 DAI | 504.98 DAI | 501.48 DAI |
1,000 XMD | 998.62 DAI | 1,001.88 DAI | 1,009.96 DAI | 1,002.96 DAI |
Frequently asked questions
Right now, 1 Metal Dollar is worth about $0.9983.
Based on the current rate, you could get 1.00 XMD for 1 USD.
Metal Dollar price has been declining. Since yesterday, the exchange rate of Metal Dollar has decreased. Since last month, the exchange rate of Metal Dollar has decreased. Since this time last year, the price of Metal Dollar has decreased.
You can use our XMD to USD calculator at the top of this page to convert any amount of XMD to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 5.01 XMD. Inversely, 5 XMD will cost about $4.99
Metal Dollar is not currently available through Coinbase, but you can sign up to get the latest news on Metal Dollar and be notified when it is available.
There are a number of crypto assets that have the a similar or comparable market cap to Metal Dollar, including EncrypGen, Solarcoin, and Viberate. For a more robust list of assets to explore, jump to the asset page dedicated to Metal Dollar.
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