icon - Mettalex
MTLX Mettalex
-7%
$ 4.14127851
Rank
Name
Price
CAP
Volume 24h
Circulating supply
Change 24h
Graph (7d)
  • -
    Mettalex
    $ 4.14127851
    $ 4,650,668
    $ 65,020
    1,123,003 MTLX
    -7%

Mettalex. Price of cryptocurrency: $ 4.14127851

What is the name of the person? There are people in this picture Mettalex is a new project from Fetch.ai. It was founded by the founder of Fetch.ai, who has a lot of knowledge of the metals markets.

Mettalex has signed price data licensing agreements with several data providers. As a result, Mettalex has access to reliable oracle data for a wide range of traditional commodity markets.
The DEX has a list of selected cryptocurrencies, as well as spreads between traditional and cryptocurrencies.
The DEX was launched in February of 2021.
There are features
Mettalex is able to list markets that are not available anywhere else in the space.
The Mettalex market makers act as the opposite side of a trade if the user is willing to pay the long/ short price and fee determined by the AMM.
All trading on the Mettalex DEX is done within a price band. The exposure to price volatility is small.
Unlike traditional futures and options contracts, open long/ short positions on Mettalex have no expiration date. If the price band is broken, a market is not settled.
When the oracle reported price is close to one of the price bands, taking the opposite position gets an attractive risk/reward ratio.
Mettalex users know the exact amount of upside and downside they are exposed to, thanks to the banded trading approach. They know how much money they can make or lose before opening an order.
Since the user needs to provide only a fraction of the commodity's market price, trading on Mettalex is capital efficient.
All open positions on Mettalex are fully collateralized with stable coins. There is no under or over-collateralization.
All open positions on the DEX are represented by the user's token. The user can sell them on Mettalex at any time.