Welcome to Newsletter #35
In this week's newsletter, we learn more about the long-awaited Metal Dollar. Also this week, MTL and LOAN got listed on top exchanges!
Thank you for your support and have a great week!
Something that we hinted at in the last week's newsletter, the Proton team announced their next campaign - Meet the Block Producers. That's a great incentive and campaign giving users more information about the block producers they vote for:
With Broton BP being the first block producer to be featured in the campaign:
Earlier this week Marshall was interviewed on Cryptopulse podcast, UK's biggest bitcoin & cryptocurrency podcast. The episode will be published later this month. Don't worry, we will remind you and post the link when it gets published:
Another gentle reminder that if you plan on doing cross-chain transfers past 30th July you will need to be verified, act now and verify your account. You will still be able to do on-chain transfers as well as transfers to exchanges in mainnet, like KuCoin and gate.io:
Seven more days till long staking comes to an end. There are just about 90M XPR left under long staking contracts. Inflation increased by 0.10% since this time last week:
We also created a countdown timer for when the last long staking contract will appreciate later this month, on 28th July at 10:52PM UTC:
Metal Dollar, something we've been hearing about in the last few months is finally a reality. Still, in alpha release and with very limited functionality, you can now mint XMD.
XMD is a decentralized stablecoin that aggregates multiple stablecoins on Proton, currently, USDC and USDT only but it may expand to include other stablecoins in the future. The idea behind XMD is to also larger funds and holders from any one reserve-backed stablecoin by holding many stablecoins.
XMT (MTL) on the other hand will be the governance token of the Metal dollar.
Another significant achievement as Metal (MTL) is now listed on Coinbase:
Great news for Proton Loan getting listed on a top 20 exchange. Starting last week you can trade LOAN/USDT on MEXC Global exchange over Proton mainnet:
- Proton and Metal data source: CoinMarketCap
- Price change based on Sunday close price using latest data in range (UTC)
- Loan data source: Protonscan (Alcor exchange + Protonswap)
We often feature Marshall in this section but never had Irina before. Here's a lovely selfie of her (presumably from Italy) celebrating MTL listing on top exchange 🙂