Mettalex

What is MTLX and how Does It Work?

Mettalex is a venture tied to FetchAi, brought to life by FetchAi Founder Humayun Sheikh. The project has its roots in utilizing blockchain and token economy to make a prominent shift in commodities trading, specifically focusing on the metals markets. Mettalex is driven towards facilitating the transfer of a large segment of commodities markets onto blockchain, thereby becoming more accessible and providing valuable hedging tools for SMEs engaged in commodities supply chains. The project has made arrangements for acquiring oracle data from a number of traditional commodity markets, by obtaining price data licenses from notable industry sources such as S&P Global Platts, Davis Index and Javelin Commodities. Alongside this, Mettalex includes several token commodities, including BTC, ETH, and BNB as well as innovative offerings like BTC/GOLD. This engage in an adaptive operation with reference to Chainlink and DIA feed integrations for guidance on its token commodity markets. Some of the specially designed features of Mettalex include autonomous market-making, approach to position handling beyond expiration dates, trading designed around historical price movements and options tied to price bands. Its goal is to manage risk and margin calls and also to foster the effective utilization of capital. As a user, involvement in yield farming with the Added Market Makers (AMM) model is an available option. In relation to its framework, Mettalex can be classified under Exchange-based Token, Automated Market Makers (AMM), Yield Farming, and Synthetic Issuer, operating within the Ethereum and BNB Chain Ecosystems.

How to Buy and Store MTLX?

To purchase MTLX, Flooz.xyz offers a streamlined process. Traders can purchase the MTLX token via Flooz.xyz, which offers a one-stop solution using a smooth checkout without the need to own a wallet. Tap tap go! All payment methods are supported. Using Flooz self-custodial web wallet, you ensure seamless MTLX transactions, including storing, sending, and receiving tokens. You can create a self-custodial wallet directly on Flooz using your email, Google, and Apple ID in a matter of seconds. This also ensures that you have access to your funds at all times, thanks to the power of cryptography. Flooz.xyz aggregates over 50+ providers to ensure you have the fastest and cheapest payment routes for your MTLX trades. This seamless and optimized trading experience has captivated over 85,000 active traders on Flooz.xyz.

MTLX Metrics:

• Current price: $2.1449

• Market cap: $85.8 M

• All-time high: being indexed (being indexed)

• All-time low: being indexed (being indexed)

• Daily trading volume: $2.08 k