The world’s largest crypto exchange platform Binance will be supporting the Mettalex (MTLX) airdrop program for Fetch.ai (FET) holders.
And a Snapshot of the FET balances will be performed weekly over a 50-day period. They will take snapshots of FET tokens held by Binance users at the following time:
MTLX Airdrop Program Schedule
MTLX Airdrop Details
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Duration: The MTLX Airdrop will be held over a period of 50 days — starting at 11:59 PM UTC on April 13, 2021, and ending at 11:59 PM UTC on June 1, 2021.
Eligibility: Binance users who have held an average amount of 10,000 FET tokens in their Binance wallets at the time of the eight snapshots will be eligible for the Airdrop.
Ratio: Eligible holders will receive one MTLX for every 10,000 FET tokens they have held on their Binance accounts. The average amount of tokens held throughout the eight snapshots must be at least 10,000 FET.
Snapshot Times: Snapshots will be performed weekly. The dates and times of the snapshots are: Mettalex (MTLX) Airdrop Program for Fetch.ai (FET) Holders on Binance
Total Airdrop Value: The number of MTLX tokens to be distributed depends on the number of FET tokens held in Binance users’ accounts.
Rewards Distribution: The MTLX tokens will become available in the users’ Binance accounts after the end of the Airdrop.
Minimum FET amount: An average of 10,000 FET over eight account snapshots.
MTLX Contract Address: 0x9876A5bc27ff511bF5dA8f58c8F93281E5BD1f21
How do I join the MTLX airdrop?
As a Binance user, you can join the MTLX airdrop by holding a minimum average number of 10,000 FET tokens in your FET wallets on Binance at the time of the eight snapshots from April 13, 2021, to June 1, 2021.
How do I get FET tokens in order to join the MTLX Airdrop?
You can buy FET tokens on Binance with BTC, BNB, or USDT.
How much FET should I have in my Binance account to be eligible for MTLX rewards?
Users must have at least 10,000 FET on average during the time of the eight snapshots to be eligible to receive MTLX tokens.
What if I move/sell some or all FET that I have on my Binance account during the MTLX airdrop?
If users decide to move or sell part or all of their FET during the Airdrop campaign the number of MTLX tokens they are eligible to receive will be proportionally modified.
Is this airdrop part of the FET staking program announced in the Mettalex Economics Overview blog post?
Yes, the MTLX tokens used in the Binance Airdrop are part of the third FET staking program announced by Fetch.ai and Mettalex.
Conclusion
Cryptocurrency trading is a risky business model. So we will advise that you invest money that you can afford to lose.
