Where To Buy Mettalex (MTLX) Coin?
In this article we have easy step by step guide about how to buy Mettalex(MTLX) coin? Please go through the below guide about where to buy Mettalex(MTLX)?
How To Buy Mettalex(MTLX) Coin?
What is Mettalex(MTLX)?
MTLX Price Live DataThe live Mettalex price today is $0.224354 USD with a 24-hour trading volume of $119,481 USD. We update our MTLX to USD price in real-time. Mettalex is down 5.57% in the last 24 hours. The current CoinMarketCap ranking is #2009, with a live market cap of $251,951 USD. It has a circulating supply of 1,123,003 MTLX coins and a max. supply of 40,000,000 MTLX coins.If you would like to know where to buy Mettalex at the current rate, the top cryptocurrency exchanges for trading in Mettalex stock are currently CoinTiger, MEXC, HitBTC, PancakeSwap (V2), and Uniswap (V2). You can find others listed on our crypto exchanges page.What is Mettalex?
Mettalex is a spin-off project from Fetch.ai. It is founded by Fetch.ai’s Founder – Humayun Sheikh – who has deep knowledge of the commodities trading sector and more specifically – the metals markets. Aware of the market inefficiencies in the ferrous commodities sector, Humayun came up with a cost and capital-efficient solution based on blockchain technology, token economics, industry-grade pricing data, and the liquidity available in the DeFi space.Mettalex is a blockchain-based commodity derivatives exchange (DEX) that aims to bring the $20T commodities markets on-chain, democratize access to commodity markets, and offer a hedging tool to small and medium-sized enterprises (SMEs) in the commodities supply chain. Mettalex has signed price data licensing agreements with industry-grade data providers including S&P Global Platts, Javelin Commodities, and Davis Index. As a result, Mettalex has access to reliable oracle data for a wide range of traditional commodity markets including Uranium, Lithium, Zinc, Aluminum, Copper, Brent Crude, Natural Gas, Cobalt, HMS, Iron Ore, Copper, and more. Mettalex also uses Chainlink and DIA feeds for crypto commodity markets.The DEX lists selected crypto commodities, including BTC, ETH, BNB and others, as well as spreads between traditional and crypto commodities, for example – BTC/GOLD.The Ethereum testnet and Binance Smart Chain mainnet versions of the DEX were launched in February 2021. Currently, the DEX is running on Binance Smart Chain testnet and mainnet.FeaturesUnique Markets – Thanks to collaborations with major index providers, Mettalex is able to list markets that are not available anywhere else in the DeFi/crypto space.Autonomous Market Making (AMM) – The Mettalex autonomous market makers act as the opposite side to any trade, enabling any order to be executed as long as the user is willing to pay the long/short price and fee determined by the AMM.Banded Trading – All trading on the Mettalex DEX is performed within a price band which is based on historical price volatility. Thus, the exposure to price volatility is limited. A market remains active as long as the real-world price of the commodity does not go over the cap or below the floor.Unique Derivatives – Unlike traditional futures and options contracts, open long/short positions on Mettalex have no expiry date. A market is settled only if the price band is breached. Users can settle an open market position that hasn’t settled yet at any time by selling back their long/short tokens to the AMM.Asymmetric Opportunities – When the oracle reported-price is close to one of the price bands’ ends and/or one trade side is overbought – taking the opposite position gets an attractive risk/reward ratio.Limited Risk / No Margin Calls – Unlike other derivatives platforms and thanks to the banded trading approach, Mettalex users know the exact amount of upside and downside they are exposed to. They know exactly how much they can earn or lose before opening any order. There are no liquidations due to insufficient account balance.Leverage / Capital Efficiency – Trading on Mettalex is capital-efficient since the user needs to provide collateral equal only to a fraction of the commodity’s market price. What that fraction is depends on how wide the price band is and where the market price is within that band.Fully Collateralized Positions – All open positions on Mettalex are fully collateralized with stablecoins. There is no under or over-collateralization. Other types of collateral – for example more volatile cryptocurrencies – are to be incorporated in the future.Long And Short Position Tokens – All open positions on the DEX are represented by tokens owned by the user. The user can sell those on Mettalex at any time before price band breach. These tokens could potentially be used as collateral on other DeFi platforms.Here are some other articles that you may be interested in:What Is a Crypto Faucet?What Are Crypto Debit Cards?What Is Web 3.0?What Is Yield Farming?What Is Crypto Lending?What Is the Metaverse?What Are Fan Tokens?Newbie Catchup: The A-Z of NFTsWhat Are Automated Market Makers?What Is a Crypto ETF?
Who Are the Founders of Mettalex?
to be updated
What Makes Mettalex Unique?
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What is the Circulation Supply Of Mettalex?
to be updated
Where You can Buy Mettalex (MTLX)?
to be updated
Can You Buy Mettalex With Cash ?
Well If you want to buy MTLX with cash , you can use marketplaces such as LocalBitcoins to first purchase BTC, and then by transferring your BTC to respective AltCoin exchanges like Binance,HotBit,Coinbase,Huobi. LocalBitcoins is a peer-to-peer Bitcoin exchange. It is a marketplace where users can buy and sell Bitcoins to and from each other. Users, called traders, create advertisements with the price and payment method they want to offer. You can choose to buy from sellers in a certain neighboring region on the platform. after all, its a good place to go to buy Bitcoin when you cant find your desired payment methods anywhere else. But the prices are generally higher on this platform and you need to do your due diligence to avoid getting scammed.
How to Buy Mettalex with Binance /Coinbase/Huobi/Hotbit Exchanges?
The steps to Deposit and Buy MTLX in every exchange like binance,coinbase,huobi,hotbit is same. You have to deposit BTC/USDT to these exchanges then buy Mettalex with btc/usdt.
P2P In Binance:
You can also buy usdt/btc in these cryptoexchanges with p2p feature in which you have to direct buy usdt from a seller by transferrring money into his account and then buy Mettalex coin with that usdt . If You like our article on where to buy Mettalex then please keep sharing this on social media.