MTLX Airdrop Details: How Mettalex Distributed Tokens in 2021
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This calculator shows what you would have received if you held FET tokens on Binance during the 2021 MTLX airdrop campaign.
The MTLX airdrop wasn’t just another crypto giveaway. It was a carefully designed move to bring real-world commodities trading onto the blockchain - and it targeted two very different kinds of crypto users. If you held FET tokens on Binance in early 2021, you got free MTLX. If you were active on Twitter and Telegram, you had a shot at a smaller reward. But those days are over. No new MTLX airdrops are happening. Here’s exactly how it worked, who got rewarded, and why it mattered.
Who Got MTLX Tokens and How?
Mettalex ran three separate airdrops between April and July 2021. The biggest one wasn’t open to everyone. It was locked to Binance users who held Fetch.ai’s FET token. To qualify, you had to keep an average of at least 10,000 FET in your Binance account over eight weekly snapshots. That’s not a small amount. At the time, 10,000 FET was worth over $200,000 when FET hit its peak. This wasn’t for casual traders. It was for serious holders who believed in Fetch.ai’s ecosystem.The reward? One MTLX token for every 10,000 FET you held on average. No claiming. No forms. No wallet connections. Binance handled it all. When the airdrop ended on June 1, 2021, MTLX tokens appeared automatically in your Binance spot wallet. No extra steps. Just waiting.
The Community Airdrop: Social Media and Watchlists
While the Binance airdrop targeted deep-pocketed investors, Mettalex also ran a public-facing campaign through CoinMarketCap. This one was for anyone with a Twitter account and a Telegram profile. You had to:- Follow @mettale on Twitter
- Join the official Mettalex Telegram group (t.me/mettalex_official)
- Join the news channel (t.me/mettalex_official_news)
- Retweet a specific post and tag three friends
- Add MTLX to your CoinMarketCap watchlist
That’s it. No money needed. Just time and effort. In return, 300 winners split 700 MTLX tokens - about 2.33 tokens each. Winners were announced on Mettalex’s Twitter feed. It wasn’t a fortune, but for people who didn’t own FET, it was a way in.
The Final Push: $3,000 in anyMTLX Tokens
On June 29, 2021, Mettalex ran one last airdrop. This time, they distributed $3,000 worth of anyMTLX tokens to 300 users. It wasn’t tied to FET or social media. The exact rules weren’t fully public, but it was clearly meant to keep momentum going after the main campaigns ended. On July 7, 2021, Mettalex called it a "historic date" - the day they completed their initial token distribution and shifted focus to platform operations.
Why Did Mettalex Do This?
Mettalex wasn’t trying to give away free tokens. They were trying to bootstrap a new kind of market: decentralized commodity derivatives. The global commodities market is worth $2.5 trillion. But most of it is locked in traditional finance - banks, brokers, clearinghouses. Mettalex wanted to change that.They built a non-custodial exchange where you could trade tokenized versions of oil, wheat, gold, and more - 24/7, no middlemen. But no one would use it if no one knew about it. So they used airdrops as a funnel: one for big holders (FET on Binance), one for community builders (CoinMarketCap), and one final nudge to keep interest alive.
The FET airdrop was strategic. Fetch.ai and Mettalex were partners. FET holders were already into AI-driven DeFi. Giving them MTLX was like handing them a key to the next door. It created instant legitimacy. Binance’s involvement meant the tokens were distributed through a trusted, high-volume exchange - no sketchy smart contracts, no rug pulls.
What Is MTLX Used For Today?
MTLX is the native token of the Mettalex platform. It’s not just a speculative asset. It’s a utility token with three real uses:- Governance: Holders can vote on platform upgrades, fee structures, and new commodity pairs.
- Staking rewards: You can stake MTLX to earn a share of trading fees.
- Fee discounts: Paying trading fees in MTLX gives you a discount compared to using stablecoins.
It’s not listed on every exchange, but it trades on decentralized platforms like Uniswap and centralized ones like Binance. The token supply is fixed. No new tokens are being minted. All MTLX in circulation came from the 2021 airdrops and early sales.
Why No New Airdrops?
The airdrop phase ended in July 2021. Mettalex has moved on. The platform is live. Liquidity pools are active. Traders are hedging soybean prices and speculating on copper with tokenized derivatives. The community is now built - not through giveaways, but through real use.Today, Mettalex focuses on expanding the types of commodities available, improving liquidity, and integrating with more DeFi protocols. Airdrops are a launch tool, not a long-term strategy. If you missed the 2021 campaigns, you can still buy MTLX on exchanges - but don’t expect another free distribution.
What Happened to the MTLX Price After the Airdrops?
After the Binance airdrop ended in June 2021, MTLX traded around $0.05-$0.08. By July, after the $3,000 distribution, it briefly spiked to $0.15. But like most DeFi tokens from that era, it didn’t sustain a bull run. By late 2022, it settled below $0.02. The value wasn’t in speculation - it was in utility. Those who held MTLX for governance and staking didn’t sell. They waited for the platform to grow.Today, MTLX is still active. Trading volume is modest but consistent. The real metric isn’t price - it’s how many commodity positions are open on-chain. That’s what Mettalex tracks. And that number keeps rising.
What You Can Learn From This
The MTLX airdrop teaches you two things:- Not all airdrops are equal. Some require $200,000 in holdings. Others ask for a retweet. Know the difference.
- Airdrops are rarely about free money. They’re about building communities around real products. If the product doesn’t work, the tokens mean nothing.
Don’t chase airdrops just because they’re free. Chase them if they connect you to a project that solves a real problem - like bringing commodities trading to the blockchain. That’s what Mettalex did. And that’s why it still exists today, even when the hype faded.
Was the MTLX airdrop only for Binance users?
No. The largest airdrop targeted Binance FET holders, but there were two others open to the public. One was run through CoinMarketCap, requiring social media tasks, and another distributed $3,000 in MTLX to 300 random users in July 2021.
How many MTLX tokens were distributed in total?
The exact total isn’t public, but the Binance airdrop alone likely distributed hundreds of thousands of MTLX tokens, given the number of FET holders who met the 10,000 FET threshold. The CoinMarketCap airdrop gave out 700 tokens, and the final campaign distributed $3,000 worth - roughly 150,000-200,000 MTLX at today’s price. The total supply is fixed at 1 billion MTLX.
Can I still claim MTLX from the 2021 airdrops?
No. All airdrop campaigns ended in July 2021. If you didn’t qualify or didn’t claim your tokens during that time, you can’t get them now. MTLX is only available through trading on exchanges like Uniswap or Binance.
Do I need to hold MTLX to trade on Mettalex?
No. You can trade commodity derivatives on Mettalex using stablecoins like USDC or DAI. But if you pay trading fees in MTLX, you get a discount. Holding MTLX also gives you voting rights in platform governance.
Is Mettalex still active in 2025?
Yes. Mettalex is live and operational as of 2025. It continues to offer tokenized commodity derivatives, including oil, wheat, and copper. The platform is fully decentralized, with community governance powered by MTLX holders. Trading volume remains steady, and new commodity pairs are added periodically.
So let me get this straight - you needed $200K in FET to get free tokens, but the actual product? Still trading at 2 cents. Classic DeFi hustle. They didn’t build a platform - they built a gated VIP club for whale investors and called it ‘decentralization.’
There’s a metaphysical truth here, buried beneath the blockchain jargon: the airdrop wasn’t a distribution of tokens - it was a ritual of belonging. The 10,000 FET holders weren’t just rewarded - they were initiated into a new covenant of capital, where value is no longer measured in fiat, but in trustless alignment. The others? They were merely witnesses to the sacred fire - retweeting, tagging, hoping for grace.
And now? The fire still burns. Not in price. Not in hype. But in the quiet, unglamorous act of hedging wheat on-chain - a silent revolution, unnoticed by the noise merchants.
OMG this is actually such a cool story 😍 I love how they didn’t just pump tokens - they built real utility! Staking, governance, fee discounts - this is how you do it right 🙌 So many projects just throw tokens at people and vanish. Mettalex? They stayed. And that’s rare. 💪
Interesting. The Binance airdrop was clearly the main event. The social media one was just a marketing gimmick to inflate engagement metrics. The $3,000 distribution? A final PR push before they pivoted to operations. Nothing surprising here.
Wait - so the whole thing was just a way to pump FET holders’ wallets? And now MTLX is dead? That’s not innovation - that’s a pump-and-dump with a fancy whitepaper. They didn’t bring commodities to blockchain - they just recycled old crypto scams with new labels.
And don’t tell me about ‘utility’ - if no one’s using it, it’s just digital confetti.
I appreciate the breakdown. Most people don’t realize how rare it is for a DeFi project to actually stop airdropping and focus on product. That’s the opposite of what 99% of teams do. Mettalex didn’t chase hype - they chased adoption. And that’s why it’s still alive.
Why only Binance users? Why not let everyone in? This is exactly how crypto becomes elitist. If you don’t have $200k, you’re not worthy? That’s not decentralization - that’s gatekeeping with a blockchain logo.
And the social media airdrop? 700 tokens for 300 people? That’s a joke. They didn’t want community - they wanted influencers.
They’re lying. There’s no way they didn’t hold back tokens for insiders. The ‘fixed supply’? Total BS. Binance was in on it - they knew who got what. And the ‘historic date’? That’s the day they stopped the show and started stealing. You think the price drop was market-driven? Nah. They dumped on the retail holders after the airdrop. I know how this works.
What a fascinating case study in tokenomics - the elegance lies not in the airdrop mechanics, but in the strategic alignment with Binance’s user base. One cannot underestimate the power of institutional trust in crypto. The fact that MTLX persists, despite market volatility, speaks volumes about its underlying utility. A quiet triumph, really.
Man, this is the kind of project I wish more teams would copy. No fake hype, no rug pulls - just a real product that people actually use. If you missed the airdrop, just buy some MTLX and stake it. The discount on fees alone makes it worth it. And hey - you get to vote on what futures get added. That’s cool.
Oh wow. So the ‘community airdrop’ was basically a bait-and-switch? You had to do five tasks for 2.33 tokens? That’s not an airdrop - that’s a labor exploitation scheme disguised as Web3. Meanwhile, whales got millions. Classic.
And now you’re telling me this is ‘utility’? Honey, if your token’s worth less than a coffee, you’re not building a revolution - you’re building a tax write-off.
The tragedy of MTLX isn’t its price - it’s the poetry of its ambition. To tokenize commodities? To challenge the $2.5 trillion behemoth of traditional finance? It was beautiful. And now? It’s a whisper in a hurricane. The market didn’t fail it - we did. We wanted a moon, not a movement.
Good write-up. I was one of the people who did the Twitter + Telegram grind. Got my 2.33 MTLX. Didn’t sell. Still holding. Not because I’m rich - because I believe in the platform. It’s slow, but it’s real. That’s more than most DeFi projects can say.
You know what’s wild? People think airdrops are about free money - but they’re really about identity. The FET holders weren’t just getting tokens - they were being told, ‘You’re one of us.’ The Twitter crowd? ‘You’re part of the tribe.’ The last $3k? A final ‘thank you’ to the believers. It’s not crypto - it’s cult-building with smart contracts. And honestly? It worked.
Also I think the price dropped because everyone sold on the first pump - but the real holders? They’re the ones who still check the open positions on-chain every day. That’s the real metric. Not price. Not volume. Just… use.
The MTLX airdrop exemplifies a critical principle in decentralized infrastructure: legitimacy through institutional alignment. Binance’s participation conferred not merely distribution, but credibility. The absence of wallet connections, KYC, or claiming mechanisms eliminated friction - a deliberate design choice to maximize adoption among high-fidelity users. The social airdrop served as a low-barrier entry point for ideological alignment, not financial participation. This bifurcated strategy ensured both depth and breadth of adoption - a model worth studying for future protocol launches.
So… the FET thing was a scam? And the social one was a joke? And the last one was just random? And now no one cares? But they say it’s still ‘active’? LOL. The price is 0.015. The ‘utility’ is a joke. No one’s staking. No one’s voting. It’s all just… dead air. But sure. Keep pretending it’s alive.
Bro this is why crypto is broken. You need 200k to get in? What kind of ‘decentralized’ system is that? And then they give away 700 tokens for retweets? That’s not community - that’s spam farming. And now the token is garbage? I told you all - airdrops are trash unless you’re a whale.
Also I think the team ran away with the rest of the tokens. Just a feeling.
I just find it weird how people act like the airdrop was the whole point. The real story is what happened after - the platform kept running. People are still trading oil and wheat on-chain. No one’s talking about it, but the numbers are there. It’s not flashy. It’s not trending. But it’s working. That’s the quiet win.
I don’t even hold MTLX. But I use the platform. And I think that’s what matters.
One of the few times a crypto project didn’t immediately exit scam. They did the hard thing - built the product, stopped the giveaways, and let the utility speak. Most teams would’ve kept airdropping forever to pump the price. Mettalex? They moved on. Respect.
For anyone new to Mettalex - if you’re interested in commodities trading, this is one of the few platforms where you can actually hedge real-world assets without a bank. MTLX isn’t flashy, but staking gives you 5-7% APY and fee discounts. It’s not a get-rich-quick - it’s a get-real-exposure kind of project. Worth exploring if you’re tired of memecoins.
The MTLX airdrop strategy was a masterclass in tiered community building. The high-barrier FET distribution ensured institutional-grade adoption with minimal risk of sybil attacks. The social airdrop cultivated grassroots awareness. The final $3,000 distribution served as a bridge between speculative interest and long-term engagement. The project’s continued operation - absent further token issuance - demonstrates a commitment to sustainable growth over short-term hype. This is the blueprint for responsible tokenomics.
Man, I missed the airdrop. But I bought MTLX on Uniswap last year and staked it. Got a few extra tokens in fees. And I voted on the soybean pair addition. Feels good to be part of something real. Not every project has to moon. Some just have to work.
And here’s the kicker - the only people who still talk about MTLX are the ones who didn’t cash out. The ones who held because they believed in the use case. The rest? They’re on the next 1000x memecoin. The real winners weren’t the ones who got the airdrop - they were the ones who didn’t sell after it.