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:

1. Not all airdrops are equal. Some require $200,000 in holdings. Others ask for a retweet. Know the difference.
2. 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.