MTLX Airdrop by Mettalex: How It Worked, Who Got It, and Why It Mattered

Back in 2021, if you held FET tokens on Binance, you got a free slice of MTLX - no strings attached, no purchase needed. That was the Mettalex airdrop, and it wasn’t just another token giveaway. It was a calculated move to bring real-world commodities trading onto the blockchain, and it targeted one group in particular: serious crypto holders.

What Was Mettalex?

Mettalex wasn’t trying to build another DeFi yield farm. It was trying to solve a $2.5 trillion problem: the lack of accessible, decentralized tools for trading commodities like oil, wheat, copper, and soy. Traditional commodity markets are closed off to most retail investors, full of middlemen, and tied to bank hours. Mettalex changed that by turning commodity exposure into tokenized positions you could trade 24/7 on a decentralized exchange.

Built on Fetch.ai’s machine learning network, Mettalex let users create and trade "position tokens" - digital assets that mirrored the price movements of real commodities. Want to hedge against rising wheat prices? Buy a wheat position token. Want to speculate on copper? Trade it like any other crypto. No brokers. No paperwork. No delays.

The MTLX token was the engine behind all of it. It wasn’t just a currency - it was your key to governance, fee discounts, and staking rewards. To make it real, they needed users. And to get users, they ran a series of airdrops.

The Binance FET Airdrop: For Big Holders Only

The biggest MTLX airdrop ran from April 13 to June 1, 2021. It wasn’t open to everyone. You had to hold FET - Fetch.ai’s native token - on Binance. And you had to hold a lot: an average of at least 10,000 FET across eight weekly snapshots.

Here’s how it worked: every week, Binance took a snapshot of your FET balance. They averaged those eight numbers. If you hit 10,000 FET on average, you got 1 MTLX token for every 10,000 FET you held. So if you held 20,000 FET on average, you got 2 MTLX. If you held 50,000? You got 5 MTLX.

No sign-up. No tasks. No wallet connection. You just had to keep FET in your Binance account. The tokens were automatically sent to your Binance wallet after the campaign ended. No extra steps. No gas fees. No risk of missing a deadline.

Why did they do it this way? Because FET holders were already deep into the Fetch.ai ecosystem. They understood decentralized infrastructure. They were the right audience for a platform that needed technical credibility, not just hype. This wasn’t a lottery - it was a strategic onboarding.

The CoinMarketCap Airdrop: For the Social Crowd

While the Binance airdrop targeted whales, CoinMarketCap’s version was for the rest of us. It ran around the same time and offered 700 MTLX tokens split among 300 winners. Each winner got about 2.33 MTLX - not life-changing, but enough to get you curious.

To enter, you had to do five simple things:

• Follow @mettale on Twitter
• Join the official Mettalex Telegram group (t.me/mettalex_official)
• Join the Mettalex 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. No crypto holdings required. Just social media effort. The goal? Build awareness. Grow a community. Turn followers into users.

Winners were announced via Mettalex’s Twitter account. No blockchain randomness. No algorithm. Just a manual selection from the entries. It was low-tech, but it worked. Thousands joined the Telegram groups. The Twitter post got hundreds of retweets. And MTLX started appearing on watchlists everywhere.

The July ,000 anyMTLX Airdrop

Even after the main campaigns, Mettalex kept the momentum going. Between June 29 and July 6, 2021, they ran a third airdrop: $3,000 worth of MTLX tokens distributed to 300 users. The token amount varied per person, but the message was clear: we’re still here. We’re still building.

They called July 7, 2021, "a historic date for Mettalex." Why? Because by then, the airdrop phase was over. The platform was live. The tokens were in circulation. The community was growing. The real test - trading volume, liquidity, user retention - was just beginning.

Why These Airdrops Mattered

Most airdrops are noise. They’re spammy, short-term, and forgettable. Mettalex’s weren’t. Each one served a different purpose:

• Binance FET airdrop: Attracted serious investors with skin in the game. These were people who understood blockchain infrastructure and had capital to deploy.
• CoinMarketCap airdrop: Built brand awareness and social proof. Turned passive observers into active community members.
• July $3,000 airdrop: Kept the momentum alive. Prevented the community from fading after the main event.

This wasn’t random. It was a three-phase user acquisition strategy. First, anchor to the core tech audience. Then, expand to the broader crypto crowd. Finally, maintain engagement. It’s the same playbook used by top DeFi projects - and Mettalex executed it well.

What Happened After the Airdrops?

By mid-2021, Mettalex had launched its full platform. Traders could now open long or short positions on commodities like crude oil, natural gas, and gold using stablecoins like USDC. Liquidity providers earned yield by supplying capital to trading pairs. Governance votes let MTLX holders decide on new markets, fee structures, and upgrades.

The airdrop recipients became early adopters. Some held MTLX as a long-term bet. Others traded it. A few even staked it to earn more. The tokens weren’t just giveaways - they became functional keys to a real trading ecosystem.

But here’s the catch: Mettalex never ran another airdrop after July 2021. Why? Because they didn’t need to. The initial distribution had done its job. The platform was live. The community was engaged. The next phase was growth - not giveaways.

Could an MTLX Airdrop Happen Again?

Unlikely. The token distribution was completed in 2021. The total supply of MTLX is fixed. There’s no official roadmap for another airdrop. Any claim you see now about a "new MTLX airdrop" is a scam.

Scammers love to piggyback on past airdrops. They create fake websites, Telegram groups, and Twitter accounts pretending to be Mettalex. They ask you to connect your wallet, send crypto, or pay a "fee" to claim tokens. Don’t fall for it.

Mettalex never asks for money to claim airdrops. They never require wallet connections for airdrop eligibility. And they never announce new airdrops through DMs or unofficial channels.

If you’re looking for MTLX today, you can find it on decentralized exchanges like Uniswap or SushiSwap. But you’ll have to buy it - not claim it.

Final Thoughts

The MTLX airdrop wasn’t about free money. It was about building a new kind of market - one where commodities, usually locked behind banks and brokers, became open to anyone with an internet connection. The airdrops were the spark. The platform was the fire.

If you held FET in 2021 and got MTLX, you were part of that early wave. If you missed it, you missed the chance to join at the ground level. But the real lesson isn’t about what you got - it’s about what Mettalex proved: that real-world assets can be tokenized, traded, and governed on-chain. And that’s still worth paying attention to.