METAL Tokens
Metalayer tokens, the native token of our ecosystem, is used as currency within NFT Arena
NFT Arena related use cases
Buy/Sell NFT cards
Used for wagers in tournaments games
Yield farming
Node rights acquisition
Monetary policy governance
See the Metalayer Documentation for more info about METAL tokens.
What is a Utility Token?
Utility Tokens are defined as digital units of cryptocurrency that provide exclusive access to a product or service. A couple examples would be like discount voucher, the fake currencies used in many videogames, or a ticket providing access to a sporting event.
Utility tokens are not "real money" or investments granting shareholder rights, and draw their value from demand for the services they are associated with rather than the book valuation of the company issuing them. Find out more about difference between Security & Utility Tokens here
Buying Utility Tokens for the purposes of speculative investing is always to be considered very high risk.
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