MXC Exchange Opens Metallex (MTLX) Trading and Yield Farming

MXC Exchange Opens Metallex (MTLX) Trading and Yield Farming

Seychelles, Feb 3, 2020 – Leading Asian cryptocurrency trading platform MXC Exchange (www.mxc.com) beats the competition to provide users with exposure to Mettalex. Traders can trade MTLX/USDT, engage in yield farming, and participate in the Red Envelope event to acquire tokens. This fully represents MXC Exchange’s vision to become the first stop of quality projects, providing users with the best potential assets.

Mettalex Arrives On MXC Exchange

As part of the Mettalex listing on MXC Exchange, users can trade this governance token against USDT starting at 12:00 GMT, Feb 8,, 2021. In addition, they will be able to acquire MTLX through MXC’s Yield Farming starting today at 03:00 GMT, with the campaign ending on February 6, 2021.

MXC Exchange users who hold 10 MX、1 USDT、0.001 BTC、0.01 ETH will be able to partake in the yield farming through the “MX DeFi” section, either via the website or through the MXC mobile application. There is no hard cap for either of these three assets but entry standards of 10 MX、1 USDT、0.001 BTC、0.01 ETH will apply. The 5,200 MTLX reward pool is divided as follows:

  • MX: no hard cap; a total of 1,560 MTLX liquidity yield (30% of the yield pool)
  • BTC: no hard cap; a total of  1,300 MTLX liquidity yield (25% of the yield pool)
  • ETH: no hard cap; a total of  1,300 MTLX liquidity yield (25% of the yield pool)
  • USDT: no hard cap; a total of  1,040 MTLX liquidity yield (20% of the yield pool)

A Strong Marketing Campaign With Various Prizes

To celebrate the listing of MTLX on MXC Exchange, a dedicated marketing campaign is currently underway. Users of the exchange are able to partake in these events and aim for MTLX prizes accordingly.

  • Follow MXC and Mettalex on Twitter, share this tweet, add a comment, and tag three friends (10 winners receive 1 MTLX each)
  • MXC/Mettalex Telegram AMA on February 5 (11:00GMT) and February 8 (9:00 GMT) with several quizzes (total reward of 700 MTLX)
  • Red Envelope via WeChat: awarded to a random user trading MTLX on MXC Exchange (28 MTLX reward)

MXC Exchange Director of Operations Alex Zha adds:

“At MXC Exchange, we are committed to providing our users with access to promising tokens at an early stage. By not only introducing a trading pair, but also providing yield farming and engaging in the Telegram AMAs, we want to show our support for Metallex and build a strong working relationship with their team.“

Mettalex Founder and CEO Humayun Sheikh commented on the listing:

“With the MTLX:USDT pair available on MXC we are making the MTLX governance token available to new users worldwide. Now anyone interested in the Mettalex commodity derivatives exchange will be able to acquire a piece of the project without paying high gas fees on the most popular decentralized exchanges. We will continue to make MTLX accessible to a global audience and are thrilled to have MXC as partners.”

The listing of Mettalex on MXC Exchange marks an important milestone for the project. It is the first time a bigger trading platform will list MTLX and provide a DeFi yield farming opportunity to its users. This further validates the team’s approach and highlights MXC’s user-centric focus by providing early access to these up-and-coming tokens.

 

About Mettalex

Mettalex is a decentralized commodities derivatives trading platform powered by Fetch.ai. Founded with the mission to bring the $20 trillion commodities market on-chain, Mettalex provides the technology needed to scale the DeFi ecosystem to meet the needs of today’s global financial markets. For more information, please visit https://www.mettalex.com.

About MXC Exchange

Established in April 2018, MXC Exchange is one of the world’s leading digital-asset trading platforms which offers users one-stop services including spot, margin, leveraged ETF, derivatives trading and staking services. The core members of the team come from world-class enterprises and financial companies, who have rich experience in blockchain and financial industries. We offer the most comprehensive marketplace where global crypto traders, miners and institutional investors come to manage crypto assets, enhance investment opportunities and hedge risks, and formulate their strategies to maximize gains and mitigate risks.  For more information, please visit https://www.mxc.com/.

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Source: thinkbitcoins