Mettalex

Mettalex

Mettalex MTLX Rank #1981

Ultimate Guide to Investing in Mettalex (MTLX) Token - What is it, Price and Reliability

Mettalex Exchanges

Exchange Market Pairs Buy
Uniswap (V2) GAME/WETH -
MEXC LTC/USDT -
PancakeSwap (V2) LTC/WBNB -
HitBTC PPC/BTC -
CoinTiger TRX/BITCNY -
Folgory MOON/ETH -
PancakeSwap DOGE/BUSD -
What is Metalex? Mettalex is a derivative project of Fetch.ai. It was founded by the founder of Fetch.ai, Humayun Sheikh, who has a deep understanding of the commodity trading industry and more specifically the metals markets. Aware of market inefficiencies in the ferrous commodity industry, Humayun has devised a cost and capital efficient solution based on blockchain technology, token economy, industrial grade price data and available liquidity in the space. DeFi. Metallex is a blockchain - commodity derivatives exchange (DEX) that aims to bring the $20 billion commodity markets on-chain, democratize access to commodity markets, and offer a hedging tool. to small and medium-sized enterprises (SMEs) in the raw material supply chain. Mettalex has entered into price data license agreements with industry-grade data providers, including S&P Global Platts, Javelin Commodities and Davis Index. As a result, Mettalex has access to trusted data from Oracle for a wide range of traditional commodity markets, including uranium, lithium, zinc, aluminum, copper, Brent crude, natural gas, cobalt, HMS, iron ore, copper, and others. . Mettalex also uses the Chainlink and DIA sources for the cryptocurrency markets. The DEX lists selected cryptocurrencies, including BTC, ETH, BNB and others, as well as spreads between traditional cryptocurrencies and cryptocurrencies, for example BTC/GOLD. The Ethereum and Binance testnet Smartchain versions of the DEX mainnet were launched in February 2021. Currently, the DEX runs on the Binance smartchain mainnet and testnet. Features Unique Markets – By partnering with leading index providers, Mettalex is able to list markets that are not available elsewhere in the DeFi/crypto space. Autonomous Market Making (AMM): Mettalex Autonomous Market Makers act as the opposite side of any trade, allowing the execution of any order as long as the user is willing to pay the price and long/short commission determined by AMM Banded Trading – All trades on Mettalex DEX are executed within a price range based on historical price volatility. Therefore, exposure to price volatility is limited. A market remains active as long as the actual price of the commodity does not exceed the upper limit or fall below the lower limit. Unique Derivatives – Unlike traditional futures and options contracts, open long/short positions on Mettalex have no expiration date. A market is only regulated if the price range is exceeded. Users can liquidate an open market position that has not yet been liquidated at any time by reselling their long/short tokens on the AMM. Asymmetric Opportunities – When Oracle's reported price is close to one of the price ranges and/or one trading side is overbought, taking the opposite position produces an attractive risk/reward ratio. Limited Risk/No Margin Calls – Unlike other derivatives platforms and thanks to the bandwidth trading approach, Mettalex users know the exact number of ups and downs they are exposed to. They know exactly how much they stand to gain or lose before opening any trades. There are no settlements for insufficient account balance. Leverage/Capital Efficiency: Trading on Mettalex is capital efficient as the user must provide collateral equal to only a fraction of the market price of the commodity. What this fraction is depends on how wide the price range is and where the market price falls within that range. Fully Guaranteed Positions – All open positions on Mettalex are fully guaranteed with Stablecoin. There is no insufficient or excessive guarantee. Other types of collateral, such as the more volatile cryptocurrencies, should be incorporated in the future. Long and Short Position Tokens – All open positions on DEX are represented by tokens owned by the user. The user can sell them on Mettalex at any time before the violation of the price range. These tokens could potentially be used as collateral on other DeFi platforms.