Mettalex, a “Decentralized” Crypto and Commodities Derivatives Alternate, Introduces Early Entry Program earlier than Full Launch

Binance alum Fetch.ai, a longtime blockchain-focused AI agency launched by former DeepMind buyers and builders, had launched Mettalex, a “decentralized” crypto and commodities derivatives buying and selling platform (again in August 2020).

In a latest replace, the Mettalex builders famous that as they get able to formally launch the brand new derivatives change, they’ll be centered on “broadening the group” utilizing the decentralized commodities buying and selling platform.

The Mettalex famous in a weblog put up (on November 6, 2020):

“Right now we’re saying the Mettalex Early Entry Program (EAP) to recruit lead customers forward of the general public launch. We’re in search of commodities merchants and group members to take part in testing new product options, offering suggestions and figuring out the preliminary vary of market pairs to be included at venture launch.”

The Mettalex workforce additionally talked about that this system will then transition right into a simulated buying and selling competitors. Customers will then have the choice to participate within the 2 weeks lengthy, “risk-free,” simulated competitors. They’ll get an opportunity to “earn a quantity and revenue primarily based rewards for doing so.”

As famous by Mettalex builders, the preliminary section of beta-testing will start in mid-November 2020, in order that they’re asking merchants to begin submitting purposes now. Early customers will likely be “recruited and onboarded in phases.” For this primary group, the Mettalex workforce is especially all in favour of skilled merchants who’ve expertise buying and selling within the commodities or crypto-assets house. This program could also be appropriate for merchants all in favour of hedging their positions.

events could apply utilizing this type supplied by the Mettalex workforce.

Mettalex famous that “as a lead person, you’ll not solely achieve early entry, however may additionally be incentivized for creating tokens, testing the system and ultimately selling it.”

As reported in October 2020, Mettalex, a “decentralized” crypto and commodities derivatives change, had claimed that its product solves ache factors associated to the UK Monetary Conduct Authority’s crypto-asset derivatives ban.