MTLX Airdrop Details: How Mettalex Distributed Tokens in 2021

Posted By Tristan Valehart    On 22 Dec 2025    Comments (21)

MTLX Airdrop Details: How Mettalex Distributed Tokens in 2021

The MTLX airdrop was never a casual giveaway. It was a carefully engineered move to bootstrap a decentralized commodities exchange with real users who already had skin in the game. If you’re looking to understand how Mettalex built its early community, you need to look at what happened between April and July 2021 - not because it’s still active, but because it shows how serious DeFi projects acquire their first users.

Who Got MTLX Tokens and How?

Mettalex ran three separate airdrops in 2021, each targeting a different group. The biggest one wasn’t open to everyone. It was locked to Binance users who held Fetch.ai’s FET token. This wasn’t a “follow us on Twitter and get 5 tokens” deal. This was a capital-intensive invite-only event disguised as an airdrop.

The main campaign ran from April 13 to June 1, 2021. To qualify, you had to hold at least 10,000 FET tokens in your Binance account. Not just at one point - you had to keep that average across eight weekly snapshots. If your balance dipped below 10,000 FET even once during those eight weeks, you got nothing. The reward? One MTLX token for every 10,000 FET you held on average. So if you held 50,000 FET consistently, you got 5 MTLX. Simple math, brutal闚槛.

Why FET? Because Mettalex was built on Fetch.ai’s decentralized AI network. FET holders were already deep in the ecosystem. This airdrop wasn’t about attracting new people - it was about rewarding the ones who were already using Fetch.ai’s infrastructure and giving them a direct stake in Mettalex’s success.

The CoinMarketCap Airdrop: Low Barrier, High Engagement

While the Binance airdrop targeted whales, the CoinMarketCap campaign was for everyone else. It ran around the same time and gave away 700 MTLX tokens total. No wallet needed. No money required. Just social media hustle.

To enter, 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
Each winner got up to 2.33 MTLX tokens. That’s not life-changing money, but for someone new to crypto, it was a real on-ramp. It turned passive followers into active participants. The winners were chosen randomly from those who completed all steps - no ranking, no balance checks. Just participation.

The $3,000 anyMTLX Airdrop

A few weeks after the main campaign ended, Mettalex ran a third airdrop between June 29 and July 6, 2021. This one gave out $3,000 worth of anyMTLX tokens - meaning users could claim MTLX tokens, but the value was fixed at $3,000 total. It went to 300 users, so roughly $10 per person.

This wasn’t meant to be big. It was a signal. Mettalex was saying: “We’re still here. We’re still rewarding our community.” It kept the buzz alive after the major campaigns ended. On July 7, 2021, they called it “a historic date for Mettalex.” That’s not marketing fluff - it was the moment they transitioned from launch phase to operational platform.

Two scenes: a trader receives MTLX from FET tokens on one side, while a crowd celebrates social media airdrop tokens on the other.

What Was MTLX Even For?

MTLX wasn’t just a token you got for free. It was the engine of Mettalex’s decentralized derivatives exchange. The platform let users trade tokenized versions of real-world commodities - oil, wheat, copper - without owning the physical asset. Think of it like futures trading, but on blockchain, 24/7, non-custodial.

MTLX gave holders:

  • Governance rights - vote on platform upgrades
  • Fee discounts - lower trading fees when paying in MTLX
  • Staking rewards - earn more MTLX by locking it up
It wasn’t a speculative asset at launch. It was a utility token tied to a working product. The airdrops weren’t just about giving away tokens - they were about seeding a user base that would actually use the platform.

Why These Airdrops Worked

Most airdrops fail because they attract bots, scalpers, and one-time claimers. Mettalex’s approach avoided that.

The Binance FET airdrop filtered out casual users. You needed serious capital. That meant early MTLX holders were likely long-term believers in Fetch.ai’s vision. The CoinMarketCap airdrop built a social following - people who would talk about the project, share updates, and bring in others. The final $3,000 drop kept the momentum going.

And it worked. By mid-2021, Mettalex had a core group of users who understood the value of tokenized commodities. They weren’t just holding tokens - they were using the exchange to hedge risk, speculate on price swings, and provide liquidity.

A lone figure places the last MTLX token on an altar as early users fade into mist under a blockchain-shaped moon.

Why You Can’t Get MTLX From an Airdrop Anymore

As of December 2025, all MTLX airdrops are long closed. The campaigns ended in July 2021. There are no active airdrops, no upcoming drops, and no official announcements about future ones.

If someone claims they’re running a “new MTLX airdrop,” it’s a scam. The real MTLX token is traded on decentralized exchanges like Uniswap and centralized ones like Binance. You can buy it, but you won’t get it for free.

The lesson? Real DeFi projects don’t keep handing out tokens forever. They build products, attract users, and then let the market take over. The airdrops were the spark - not the fuel.

What Happened to Mettalex After the Airdrops?

After the airdrops ended, Mettalex shifted focus from acquisition to operation. The platform launched full trading pairs for commodities like gold, silver, and crude oil. Liquidity providers could earn yield by staking stablecoins against MTLX-backed position tokens. Governance votes were opened to MTLX holders.

The project didn’t explode into mainstream adoption - the commodities DeFi space is still niche. But it survived. It didn’t vanish after the hype died. That’s more than most 2021 DeFi projects can say.

Today, Mettalex still operates. MTLX is still tradable. The smart contracts are live. The community still exists. The airdrops didn’t just give out tokens - they built the foundation of a working, ongoing system.

Key Takeaways

  • The MTLX airdrop wasn’t one event - it was three targeted campaigns.
  • The Binance FET airdrop required holding 10,000 FET tokens for eight weeks - no exceptions.
  • The CoinMarketCap airdrop required social media tasks, not money.
  • MTLX was a utility token for trading tokenized commodities, not just a speculative asset.
  • All airdrops ended in July 2021. No new ones are planned.
  • Any current “MTLX airdrop” is a scam.

Was the MTLX airdrop only for Binance users?

The largest MTLX airdrop was exclusive to Binance users who held at least 10,000 FET tokens during an eight-week snapshot period. But there were two other airdrops open to the public - one through CoinMarketCap and another small $3,000 distribution - that didn’t require exchange accounts.

How many MTLX tokens were distributed in total?

The exact total number of MTLX tokens distributed across all airdrops was never officially published. The Binance FET airdrop had a variable payout based on individual holdings, while the CoinMarketCap airdrop distributed 700 tokens total, and the July 2021 campaign gave out $3,000 worth of MTLX. Combined, the total likely fell between 10,000 and 20,000 MTLX tokens.

Can I still claim MTLX tokens from the airdrop?

No. All MTLX airdrop campaigns ended in July 2021. Tokens were automatically distributed to eligible participants by Binance or claimed via CoinMarketCap. There is no active claim portal, and no official way to receive MTLX for free today.

What was the purpose of the MTLX token?

MTLX was the native utility token of Mettalex, a decentralized derivatives exchange for tokenized commodities. It was used for governance voting, paying reduced trading fees, and earning staking rewards. It was not designed as a speculative asset but as a functional part of the trading platform.

Why did Mettalex use FET holders for the main airdrop?

Mettalex was built on Fetch.ai’s AI-powered infrastructure. FET holders were already part of the same ecosystem. By targeting them, Mettalex ensured early users understood decentralized finance and had the technical knowledge to use a complex derivatives platform. It was a strategic alignment, not a random choice.

Are there any current ways to earn MTLX tokens?

You can only earn MTLX today by trading on the Mettalex platform, providing liquidity, or staking the token. There are no free airdrops, no referral programs, and no new distributions. MTLX must be purchased on exchanges like Uniswap or Binance.

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