Are you looking for an honest Mettalex Review? Search no more because, in this article, we will be reviewing Mettalex honestly, we will also explain how it works, its pros and cons, and everything you need to know about the platform.
Mettalex is a decentralized derivatives exchange (DEX) powered by Fetch.ai technology. The main objective is to provide access to risk management tools to a large audience of physical commodity traders. Nowadays, users can access these tools via financial market intermediaries (i.e. banks and other financial intermediaries) who charge high spreads and have limited liquidity. Mettalex enables market participants (e.g. crypto mining companies or steel mills) to gain economic exposure to the spot price of commodities and other assets thus allowing them to open hedging or leveraged positions on the market
How Mettalex works
You can watch the YouTube video below to understand how the Mettalex project works.
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Mettalex Features
ADVANCED AUTONOMOUS MARKET MAKERS
Advanced mathematics ensures that all Mettalex markets are fully collateralized. Even more efficient mathematical operations will be introduced with the incorporation of Fetch.ai technology.
UNIQUE DEFI MARKETS
The Mettalex commodity derivatives exchange features markets unavailable anywhere in the DeFi space, including Steel, Iron Ore, Natural Gas, Aluminium, Zinc, Copper, and spreads like BTC/Gold, ETH/Gold, sCEX/sDEFI, and many more.
PERPETUAL LIQUIDITY MINING
87.5% of all MTLX tokens will be distributed to liquidity providers (LPs) that supply stable coin liquidity to Mettalex’s Autonomous Market Makers. That turns all Mettalex markets into “perpetual yield farms”. In addition, LPs are also rewarded with trading fees.
NO LIQUIDATIONS
Stakeholders taking hedge positions assuming price hikes or dips will not lose their collateral on the basis of short-term price movements. Position tokens remain valid until the date of settlement and recover in value if the price recovers, unlike a margin-based position.
INSTANT SETTLEMENTS
Positions on Mettalex are monitored by an autonomous agent that ensures the market has sufficient liquidity for absorbing your position in the event that you decide to exit.
CROWD-SOURCEDCOLLATERAL POOL
Mettalex uses position tokens instead of margin positions offered by conventional trading platforms. These position tokens in turn are backed fully by individuals looking to receive a part of the trading fees from the platform. Adding another layer of stability to the exchange
Tokens in the Mettalex network
Basically, there are two tokens in the Mattalex ecosystem which is listed and explained below.
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MTLX tokens (MTLX): these tokens enable stakeholders to take part in the decision making process regarding the platform (e.g. vote on the creation of new markets or the usage of exchange fees);
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Position Tokens: within the Mettalex system, position tokens serve two main purposes: long tokens closely track changes in the price of an underlying asset in ways that reflect changes in the physical market, whereas short tokens follow any negative dip in price without accruing significant costs
How to Buy the Mettalex Token (MLTX)
- Register on Coinbase
- Buy any major coin like Bitcoin, etc with your local currency
- Swap your BTC to Matter MLTX.
Mettalex Contact Information
Just in case you have any need to contact the Mettalex team, you can do that using the social media handle below.
Mettalex Review | Is Mettalex Legit or Safe?
At the time of writing this article, we can say that Mettalex is legit and safe to use.
However, it is important to note that cryptocurrency investment is a risky business, so we advise that you invest funds you can afford to lose.
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