Ever wondered what happened with the MTLX airdrop and why it still matters in 2025? Between April and July 2021, Mettalex rolled out three distinct token‑distribution campaigns that targeted very different audiences - from heavyweight FET holders on Binance to everyday crypto fans on CoinMarketCap. This guide breaks down each airdrop, shows you how the rewards were calculated, and explains the lasting impact on the Mettalex ecosystem.

Quick Overview

• Three airdrop phases: BinanceFET holder (Apr‑Jun2021), CoinMarketCap community (Jun2021), and anyMTLX $3,000 giveaway (Jul2021).
• Eligibility ranged from holding 10,000FET on average to completing five social‑media tasks.
• Total tokens distributed: unlimited for Binance, 700MTLX across 300 winners for CMC, and $3,000 worth of anyMTLX for the July giveaway.
• All campaigns used Ethereum‑based smart contracts; rewards were auto‑sent to Binance wallets or manual claims via Telegram.
• Each airdrop helped Mettalex seed its governance token, attract liquidity, and showcase its commodity‑derivatives DEX.

What Is Mettalex and the MTLX Token?

Mettalex is a decentralized derivatives exchange built on top of Fetch.ai’s machine‑learning network. It tokenises commodity markets, letting users trade spot and derivative exposure to assets like gold, oil, and agricultural products 24/7.

The platform’s native utility token, MTLX, powers governance, offers staking rewards, and reduces trading fees for liquidity providers.

Because Mettalex needed a ready‑made community, it partnered with Fetch.ai, the AI‑driven blockchain that supplies the underlying token‑economics and smart‑contract infrastructure.

Binance FET‑Holder Airdrop - The Heavyweight Campaign

The first wave targeted holders of the FET token, the native asset of Fetch.ai, on the Binance exchange. The campaign ran from 13April202123:59UTC to 1June202123:59UTC and required participants to meet eight weekly snapshots.

Eligibility rule: maintain an average balance of at least 10,000FET across the eight snapshots. For every 10,000FET held on average, a user earned 1MTLX. Snapshots were taken every Sunday at 00:00UTC; Binance calculated the average automatically.

Rewards were distributed directly to each eligible Binance account on 2June2021. The airdrop operated on Ethereum, meaning the MTLX tokens landed in users’ ERC‑20 wallets linked to their Binance profiles.

Because the threshold was high, the campaign mainly attracted serious investors with sizable crypto portfolios. Rough estimates suggest that a few thousand wallets qualified, delivering a substantial initial distribution of MTLX to a financially‑savvy audience.

CoinMarketCap Community Airdrop - The Social‑Media Push

To broaden reach, Mettalex launched a second airdrop on CoinMarketCap in June2021. This time the goal was pure community engagement. The giveaway allocated 700MTLX to 300 winners, capping individual rewards at 2.33MTLX.

Participants needed to complete five tasks:

1. Follow Mettalex on Twitter.
2. Join the official Telegram group (t.me/mettalex_official).
3. Join the official news Telegram channel (t.me/mettalex_official_news).
4. Retweet the designated CMC announcement tweet while tagging three friends.
5. Add MTLX to the personal watchlist on CoinMarketCap.

All tasks were verified manually by the Mettalex team. Winners were announced on the project's Twitter feed on 15June2021.

This airdrop required no financial commitment, making it accessible to casual crypto enthusiasts and those just discovering DeFi.

anyMTLX ,000 Giveaway - The “Historic Date” Promotion

The third distribution, announced on 7July2021, was a cash‑value giveaway: $3,000 worth of anyMTLX token distributed to 300 users. The campaign ran from 29June to 6July2021. Participants were entered via a simple form that collected their wallet address and verified they held at least a minimal amount of MTLX (0.01MTLX).

Unlike the previous two airdrops, this round was not linked to a specific platform; it was purely a community‑building stunt. Winners received a random allocation ranging from $5 to $20 worth of MTLX, instantly transferred to the supplied address.

The company hailed this as a “historic date for Mettalex,” signaling that the token had enough liquidity to support a sizeable cash‑value giveaway.

How to Verify Past Airdrop Participation (If You Missed It)

If you think you qualified for the Binance FET airdrop but never saw an MTLX deposit, follow these steps:

1. Log into your Binance account and navigate to Wallet→Transaction History.
2. Filter for “ERC‑20 Token Deposit” between 13April and 1June2021.
3. Search for the token contract address 0x... (MTLX ERC‑20 address). Binance tags the token as “MTLX.”
4. If you find a deposit, check the amount; it should match the 1MTLX per 10,000FET ratio.

For the CoinMarketCap and anyMTLX giveaways, the only public proof is the winner tweet thread on Mettalex’s Twitter. Users can search the hashtag #MTLXairdrop2021 to see screenshots of payouts.

Impact on the Mettalex Ecosystem

The three airdrops served distinct strategic purposes:

• Liquidity Bootstrap: By rewarding serious FET holders, Mettalex secured early liquidity providers who later staked MTLX for fee discounts.
• Community Expansion: The CMC campaign grew the social following by over 12,000 Twitter followers and 8,000 Telegram members within a week.
• Governance Seeding: Anyone holding MTLX can propose or vote on protocol upgrades. The diversified distribution ensured that voting power wasn’t overly concentrated.

Since the airdrops, MTLX has been listed on major exchanges (Binance, KuCoin, etc.) and its market cap regularly exceeds $50million, indicating healthy demand.

Side‑by‑Side Comparison of the Three Campaigns

Frequently Asked Questions