Mettalex

Mettalex is a new kind of trading platform that focuses on crypto and commodities. It is built using smart technology from Fetch.ai to solve common problems in the commodities market, like unfair trading, low liquidity, price tricks, and sudden money calls.

Key Features

One special thing about Mettalex is its use of position tokens. These tokens keep track of the price difference of an asset without needing all the money to be locked in a smart contract. This means users can make bigger trades with less money upfront, which lowers the risk of losing money. The platform also has the MTLX Governance Token, which lets people who own it help decide the platform''s rules and fees. This token is given to those who provide money to the platform and is used for voting on how the system works, creating new markets, and deciding on fees.

Mettalex offers many markets to start with, including:
Steel supply chain commodity trades
Gold and Silver trades with BTC and USD
Lithium and Oil trades with BTC and ETH
Stock Market trades with BTC and ETH
Data Storage, Compute, and Use trades with USD, BTC, ETH

Benefits

The platform gives users several good things:
Bigger Trades with Less Money: Position tokens let you make bigger trades with less money upfront.
Lower Risk of Losing Money: By not tying up all your money, the risk of losing it is smaller.
Helping Decide Rules: People who own tokens can help decide how the platform is run.

Use Cases

Mettalex is made for many uses, like:
Trading in things like steel, gold, and silver.
Trading in stock markets and data storage.
Helping decide how the platform is run by owning MTLX tokens.

Cost/Price

The platform has 40 million MTLX tokens in total. People who provide money to the platform get 87.5% of the tokens (35 million) over four years. The rest of the tokens, 12.5%, are for people who help the system, including FET stakers.

Funding

The platform has a plan for giving out tokens. Genesis staking gives 1 million MTLX tokens to FET stakers over 21 days. Staking rewards start with 1 million MTLX tokens, with about 8.2 MTLX given out per block.

Reviews/Testimonials

Mettalex had a successful private test with over 1,000 people. The platform showed it could handle many talks without problems and was part of big meetings and public shows. Users liked the new way of trading and the focus on making it easy to use and involving the community.