Mettalex Price (MTLX)
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MTLX Price Live Data
The live Mettalex price today is $10.30 USD with a 24-hour trading volume of $3,816,489 USD. Mettalex is down 2.78% in the last 24 hours. The current CoinMarketCap ranking is #989, with a live market cap of $11,570,941 USD. It has a circulating supply of 1,123,003 MTLX coins and a max. supply of 40,000,000 MTLX coins.
What is Mettalex?
Mettalex is a decentralised exchange that is focused on the trading of token-based commodities. Accessible 24/7 with tight trading spreads, low margin requirements and unique hedge instruments that ensure investors cannot be liquidated prior to settlement.
It allows access to traditional markets with minimal friction on taking positions and reduced requirements for margin. Mettalex combines the convenience of tokens with market sizes of the commodities world.
Stakeholders taking hedge positions assuming price hikes or dips will not lose their collateral on the basis of short term price movements. Position tokens remain valid the breach of floor or cap occurs.
Instant exit and settlements
Positions on Mettalex are monitored by an autonomous agent that ensures the market has sufficient liquidity for selling your position in the event that you decide to exit.
Crowd-sourced collateral pool
Mettalex uses position tokens instead of margin positions offered by conventional trading platforms. These position tokens in turn are backed fully by collateral, adding another layer of stability to the exchange. Mettalex is aiming to solve market failures inherent to today’s commodities market: front running, poor liquidity, price manipulation, and loss of value in the form of margin calls.
Mettalex solves this through the creation of what is referred to as position tokens. Position tokens are primarily used to track the difference in the price of an asset. They do not require the entirety of collateral of an asset to be tied up in a smart contract, thereby allowing contracts of much larger sizes to be traded with lower collateral requirements. This is also different from the conventional leverage requirements in traditional markets as the possibility of liquidation is not dependent on basis of the movement of prices until it hits a pre-set price band.
The anticipated first markets on the Mettalex platform will be:
- Steel Supply chain based commodity spreads
- Gold and Silver spreads with BTC and USD
- Lithium and Oil Spreads with BTC and ETH
- Stock Market indices spreads with BTC and ETH
- Data Storage, Compute and Utilization spreads with USD/BTC/ETH
MTLX Price Statistics
|24h Low / 24h High|
|Volume / Market Cap||0.3298|
|Fully Diluted Market Cap||$412,142,809.45|
|Yesterday's Low / High|
|Yesterday's Open / Close|
|7d Low / 7d High|
|30d Low / 30d High|
|90d Low / 90d High|
|52 Week Low / 52 Week High|
All Time HighFeb 21, 2021 (2 months ago)
All Time LowNov 14, 2020 (5 months ago)
|Circulating Supply||1,123,003 MTLX|
|Total Supply||40,000,000 MTLX|
|Max Supply||40,000,000 MTLX|