How to Add Metal DAO to Trust Wallet? : Step by Step Guide

Add Metal DAO to Trust Wallet can enhance your investment portfolio and give you access to the growing DeFi ecosystem. This guide walks you through the process step by step, ensuring a smooth setup for managing your Metal DAO tokens.

What Is Metal DAO?

What Is Metal DAO?

Metal DAO, often represented by its token symbol MTL, is a part of the broader Metal project, which aims to combine the functions of a payment system with the benefits of cryptocurrency technologies. It seeks to make cryptocurrency transactions faster, more flexible, and accessible to a wider audience, with a particular focus on integrating traditional financial systems with the blockchain ecosystem.

How To Add Metal DAO to Trust Wallet

Step 1: Install and Configure Trust Wallet

First, you need to have Trust Wallet installed on your mobile device. Trust Wallet is a versatile and user-friendly mobile wallet app that supports a wide range of cryptocurrencies, including ERC-20 tokens like Metal DAO.

  1. Download and install Trust Wallet from the iOS App Store or Google Play Store.
  2. Follow the on-screen instructions to create a new wallet. Be sure to safely store your recovery phrase.
  3. Once set up, your Trust Wallet is ready to receive MTL tokens.

Step 2: Utilize the Wallet’s ‘Receive’ Function

To add MTL to your wallet, you’ll need to find your wallet’s receive address.

  1. Open Trust Wallet and tap on the ‘Receive’ icon.
  2. Search for Metal DAO (MTL). If it’s not listed, you might need to add it manually in a later step.
  3. Copy the wallet address or scan the QR code when depositing MTL from another wallet or exchange.

Step 3: Locate Metal DAO

If MTL is not automatically listed in Trust Wallet:

  1. Go to the main wallet screen.
  2. Tap on the top right corner icon to access the token search function.
  3. Type “Metal DAO” or “MTL” in the search bar. If you find it, enable it by toggling the switch on.

Step 4: Manual Addition of Metal DAO (If Required)

In case MTL is not visible in the wallet:

  1. Tap on the “+” icon to add a custom token.
  2. For network, select Ethereum if MTL is an ERC-20 token.
  3. Enter the contract address for MTL, which you can find on a reputable cryptocurrency website or the official Metal DAO site.
  4. Fill in the name (Metal DAO), symbol (MTL), and decimals (usually 18).
  5. Save the information, and MTL should now appear in your wallet.

Step 5: Acquiring Metal DAO Tokens

To acquire MTL tokens, you can either purchase them on a cryptocurrency exchange and transfer them to your Trust Wallet or receive them from someone else.

  1. If buying, select a reputable exchange, buy MTL, and withdraw them to your Trust Wallet address obtained in Step 2.
  2. Ensure the network selected matches that of Metal DAO to avoid loss of funds.

Step 6: Metal DAO Tokens Management

Once you have MTL tokens in your Trust Wallet, you can manage them directly from the app. You can view your balance, send MTL to others, and even use integrated exchange services to trade MTL for other cryptocurrencies.

Can I add Metal DAO to Trust Wallet?

Yes, you can add Metal DAO (MTL) to Trust Wallet by following the steps outlined above. Trust Wallet supports ERC-20 tokens, making it compatible with Metal DAO.

About Metal DAO

Metal DAO represents a unique blend of banking features with the blockchain’s transparency and efficiency. It aims to incentivize the adoption of cryptocurrency through its Proof of Processed Payments (PoPP) mechanism, rewarding users for participating in the ecosystem.

Conclusion

Adding Metal DAO to your Trust Wallet is a straightforward process that opens up new possibilities for managing your cryptocurrency portfolio. By following the steps above, you can safely store, manage, and trade MTL tokens, leveraging the convenience and security of Trust Wallet. Remember to always keep your recovery phrase secure and to double-check addresses when sending or receiving tokens to avoid loss of funds.

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