Idling on Google as I’m used to do, I popped un a news that stated:”A weaker U.S. dollar, rising inflation risks and demand driven by additional fiscal and monetary stimulus from major central banks will spur a bull market for commodities in 2021, Goldman Sachs"
I been astonished for a while and I thought If i I could have found something useful in the Crypto World
That’s how I discovered Mettalex, love at first sight.
Mettalex is a decentralized crypto and commodities derivatives trading platform powered by Fetch.ai and run thanks to the Autonomous Market Makers (ANN), basically each commodity token pair has an associated autonomous market maker that allows market participants to exit a position at any point without having to find a counterparty on the exchange, How bad*ss is that?
The aim of Mettalex ($MTLX) is to solve problems such as: front running, price manipulation, poor liquidity.
How does Mettalex think to solve it?
Thanks to designed “position tokens” who track the difference in price of an asset, it will be possible Hedging against investment risk or settling/closing a leveraged positions trading against other participants or autonomous market makers using stablecoin collateral.
So, basically Mtlx token will be useless If the stablecoins are going to be used right?
Mettalex token will be used as Governance token for:
- vote on the creation of new markets
- the usage of exchange fees
- the percentage of the spread going to the pool
- the buyback and borrowing rates from the liquidity pool
Governance tokens are minted at a linear rate to incentivize early liquidity providers in the system.The Mettalex decentralized exchange will also use a fraction of the exchange fees earned on the platform, to buy MTLX tokens back from the market.
You are talking like the market opportunities for Mettalex are worth Billions of dollars... ?
Actually the size of the global commodities market is tough to size but roughly up to $20 trillion a year. Ferrometrics, Bastug Metallurgy and Javelin Global Commodities are involded in Mettalex project so far.
The total number of MTLX tokens that will be created is 40 million which 87.5% of all potential Mettalex tokens (35 million) are assigned as rewards for Mettalex liquidity providers during platform operations.
Fine, I suppose I will be able to try this new Dex in 20never, right?
The first phase of beta-testing already started and you can still apply here.
Grab the chance to be reward up to 5000 MTLX.
Join now:
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