We are pleased to announce our next AMA on January 29th 2021 at 02:00 PM UTC Time: Satoshi Club x Mettalex
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Mettalex Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 100$/10 users – Open chat for 100 seconds. You can post Max 3 questions. Mettalex Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Mettalex
For more details:
Mettalex – @mettalex_official
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
I do appreciate that you want to become unidentified team since the privacy and decentralization is at stake, but some users/investors might be scared to invest on your project/platform.. Does you have plan in the future to introduce about your team? How can you persuade us the new investor to give our trust in your project..?
Mettalex is claiming that they are one of the best long term yield farming program,, by offering high interest in your yield farming like 275% APY..Do you think its not going to affect other investors who also want to join your project? will the interest or profit you give remain the same even if more people join?
The adoption that $ MTLX has had in the last 4 months is interesting, what marketing strategies do you plan to adopt for this year? With 6% of $ MTLX circulating, do you plan to make another public sale?
Can you tell us about the security of the project? After all, we must be sure that our funds will not be able to steal or hack the exchange.
question:
What is your Business Relationship with FETCH.AI and Do you believe in a Healthy competition within the DEFI Space?
question:
You have lots of partners that’been incorporated within the METTALEX System,like Torus for your one-click login or ChainLink as Your Oracle.
Now, Do you have a product that originally yours that can be used also by other Projects in the DEFI space?
Mettalex utilizes commodity market instrument as a base asset for trading. Cryptocurrency derivative based DEXes are quite popular but this is the first time am hearing of Commodities Derivative Exchange. Can you explain how this concept work and it’s benefit? Since you intend to bring in $2.5 trillions commondities on-chain, what are the commondities that can be captured by this system and how do you provide valuations for listed commondities? Also, how will traders take trading and hedge positions for several market commondities and use a tokenization layer to represent them on-chain?
There is an infograph on your Twitter where you talked about “Banded Trading” as one of the unique tech feature of Mettalex. What is banded trading and how is this trading executed in your protocol? You also said that this band trading feature allows for the activation of market settlement layers when there is an oracle price breaches. When is oracle price said to have breach the band? At what point do the protocol decide to activate a Position/Smart Settlement and when does it initiate the Oracle based Automatic settlement?
Hi there — thanks for taking the time to answer the questions. Can you please explain the economics behind the fetch random number generator. How much demand does the Binance corporation create for FET and what’s the revenues for the fetch team from the partnership?
What use case are you most excited about? — also fetch has so much going on — healthcare — self driving cars — Mettalex — is there one specific area that you are most focused on as a company and why?
Any plans for listing MTLX on exchanges?
I saw that Metallex has something called Banded Trading, what is that? how does it work? What benefits this features give to the users and why should I start using it?
Mettalex is a decentralized and tokenized platform for trading derivatives on the traditional commodities industry. I have not encountered so much. What is the difference between commodities industry trade from ordinary products? I know projects, on whose platforms I can buy anything: clothes, household chemicals, gold and I will receive goods and even remuneration to the tokens. What will I get from you by buying derivatives on the traditional commodities industry?
Mettalex seems to be more focused on the Margin side of trading. Does the platform also support spot trading for traditional markets? And if not aren’t you limiting yourselves by limiting to only a sort of margin trading.
At what stage is the preparation for the launch of DEX? Can we already evaluate your work? Perhaps as testers, or at least in pictures?
When you say that Mettalex uses position tokens, what exactly are position tokens? And how are they different from the regular margin position used by conventional trading platform?
Explain what a commodity exchange is. Does this involve physical storage of goods in your warehouses? What, in principle, is possible to add as a commodity to your exchange and can the person who bought it actually receive this product?
When you say trade on traditional market, are we going talking of trading stock of companies or foreign exchange? What do you mean by traditional market?
How did you build your tokenomics and does your token have any purpose on the DEX? Will the MTLX token be used in any way on your exchange? Perhaps as a management token, since you are creating a Decentralized Exchange. Or alternatively, you will want to share some of the income with holders
I saw the news about the integration of the Torus wallet. I admit I have never used it, but I am confused by any browser extension. Tell us about the security system on the exchange. What other wallets do you plan to integrate? And why not create your own?
Tell us how you plan to provide liquidity on your platform, and the features of trading that differentiate you from other DEXs, and what role Fetch plays in this.
Bumm! This Position Tokens thing is enough for a whole class on financial market dynamics. I know it is explained in your whitepaper, but in terms understandable to everyone, could you explain in a simple way what are these Position Tokens? What is a long and a short one? How do I finally use them?
You say that the positions in Mettalex are monitored by an autonomous agent that guarantees that the market has enough liquidity… I would like to ask who is this autonomous agent, who appoints him, how can we trust him? Doesn’t this make Mettalex centralized?
you mention that “the positions in Mettalex are supervised by a freelance agent”, but really who would these “agents” be in the community? And that would not be to centralize and depend on these agents to be able to operate in Mettalex?
really why use position tokens instead of conventional trading positions? Wouldn’t it be in the end, the same capital that would be being used as collateral in the positions?
you want to implement Mettalex technology on all Dex exchange platforms right? So one of the purposes of your partnership with Binance Dex is to implement your solutions in that big IEO?
The characteristics of guarantees and position tokens and more, will only be available for Dex exchange platforms? Or are you planning to implement it in Cex in the future?
Why really mention so much in your descriptions that “Mettalex is entering the $ 20 trillion commodity derivatives market”? Is it because it represents a characteristic that differentiates them from other projects?
Really the only option to implement the position tokens in Metallex was through the FETCHai tokens? Or did they study multiple alternatives and this was the most effective?
Currently the risk managers in the market are really intermediaries, for this reason they charge high commissions fees, but if Mettalex has its own risk management, when it provides its services to other IEOs, Dex would not be the same as an intermediary?
currently only three companies participate in Mettalex, which are Ferrometrics, Bastug Metallurgy and Javelin Global Commodities, but do they really already have conversations to add to any other? Could you give us more detail?
The structure of Mettalex is supported, as you say, in four layers, the exchange, tokenization, provision of liquidities and governance. Within all this, what role does $MTLX Token play?
Why is the High Yield Agricultural Program dedicated to USDT and ETH liquidity providers? What will be the total initial liquidity that the Mettalex team will launch? Will the Mettalex Amplify program really be effective? what are the guarantees?
What is the collateral behind position tokens? Is this option really better than one to offer margin positions? Will these tokens really add stability to the exchange?
What is the technology used at Mettalex? as they offer tight trading spreads, low margin requirements and unique hedging instruments that ensure that you do not settle before the settlement dates. Shouldn’t it be very advanced technology?
Mettalex platform is the world’s first DEX focused on token based commodities trading. Will you give us how a commodity trading differ from the normal or usual DEX that we have right now and what are the example of commodities that can be traded on your DEX?
Mettalex have the so called “Position Tokens”. What are the Psition tokens usecase?
How many percent of the commodities or physical assets value will be tokenized and how can Mettalex platform ensure that the assets are really existing?
The current problems in commodity trading are mainly to do with liquidity and the barrier to entry into existing platforms is very high. So how will Mettalex use Fetch.ai’s technology with its ML/AI framework help solve these issues?
One of the uses of the MTLX governance tokens is to vote on system parameters such as choice of autonomous market makers to back with liquidity from the liquidity pool. So what really is the role of Autonomous Market Makers in the system & how is the Liquidity Pool used?
I have read that the initial distribution to FET stakers is 1M (2.5% of total) over 21 days, 1M reserve for further FET staking in intervals of 500k, 350k, then 150k tokens. And the Tokens accepted for staking is $FET. So what integral role does the FET token plays in Mettalex System?
After 1st batch MTLX staking ( by uniswap liquidity pool token) by Amplify, is it possible to add again LP token using same wallet metamask to stake pool? Or I must use different wallet metamask for the 2nd stake? Do you have any link guide about this?
I saw that $MTLX is listing in CoinTiger Exchange but I dont see the announcement from Mettalex team, can you please give clarification about this?
How is $MTLX will be used in the future? Can you tell us about Mettalex team plan to increasing the token demand?
Please tell us about the Early Access program. What are the terms of participation. Should I be a trader with at least 2 or more years of experience in trading, or should I have the ability to trade at least $ 1000 or more? I also saw that community members are accepted. What are the conditions for them and what do you expect to get from a close relationship with them? Thanks.
Recently you’ve tweeted a welcome for Elon Musk to Mettalex and DeFi, actually there are many options for trading and generate profits, what makes Mettalex attractive to big investors like Elon Musk?
Can you explain the concept of “commodity trading”? Is this a full customizable option in DeFi?
Mettalex founder Humayun Sheikh is also the co-founder of Fetch.ai. Do you interact with Fetch.ai and use their developments on the Mettalex platform?
What uses for MTLX token do you see in the future?
You say that your primary goal bootstrap the initial liquidity required for the launch of the Mettalex DEX. But why did you create only ETH and USDT pools? Perhaps there will be other pairs on your DEX, why then don’t you make Link , XTZ, YFI pools to create liquidity on your future DEX?
If I post via amplify.mettalex.com/ ETH will I get LP tokens the same as if I placed them on Uniswap, or will I only get interest for stacking?
What’s the regulatory position of Mettalex DEX in the UK? Have you received regulatory approval?
I understand that Mettalex has a liquidity system through AMM, do you plan to move to a fully decentralized order book system with rewards for market makers?
For those who have physical assets, how is the process to participate in the Mettalex platform with said assets, is it through a Total Return Swap scheme and synthetic tokens?
Now that the APY has dropped to lower than 230% on the amplify stake , will that update to reach the 275% goal?
Are you going to add staking for the FET / MTLX pair in amplify?
What are METTALEX business development advances and what are METALEX commercial partnerships?
In the dire situation of the Covid-19 epidemic, every industry is badly affected. Has it affected the growth of your project team and the Mettalex team?
What is the real goal that Mettalex is pursuing? How can community help you achieve that goal? Who are you aiming for to achieve Mettalex’s goals?
Inactive and useless states are the biggest issues that are happening with Dapps. Seems to have very Many DApps have few use cases, not even use cases. What did the team do to solve problems like this happening on the Mettalex?
How do you build liquidity at your Mettalex? To serve on DeFi, payments and privacy, what is your TPS And how confident are you, that METTALEX will not experience downtime and lags during peak business hours?
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I have not found information about what kind of commodities will be traded? can you name some of the commodities that will be traded? and will Mettalex support delivery of physical commodities?
If we refer to FCA UK, I think it will be difficult for Mettalex to avoid regulatory problems. But we wonder if this rule will have any impact on Mettalex? How has Mettalex handled the FCA approval issues so far?
Commodities are currently on the rise again, consolidating their status as the ultimate hedge against inflation. Considering that Mettalex is focused on commodity derivatives, my question is: how does this current commodity boom impact your project’s finances? in the same way that a rising commodity market represents a possible advantage, would a considerable drop in commodity prices affect you a lot? how would you prevent these fluctuations from putting Mettalex’s economy at risk?
Thank you!
I read in an article that Mettalex’s mission is “to advance the process of enabling the market to manage risk, particularly in new commodity market niches, and to democratize access to the commodity asset class.” Regarding the former, what are those “new commodity niches” that Mettalex would help its users enter…within your platform is it possible to individually choose which specific niches to invest in?
Thank you!
“Mettalex provides the technology needed to scale the DeFi ecosystem to meet the needs of today’s global financial markets.” This sounds great, but in the world of finance, we can’t just think about today, we must also think about tomorrow. In that sense, what steps is Mettalex taking today to prepare for tomorrow’s commodity market? How are you making sure that your project will remain relevant day after day in such a changing business model and market?
Thank you!