MTLX Airdrop by Mettalex: How It Worked and Who Got Tokens in 2021
MTLX Airdrop Calculator
Calculate how many MTLX tokens you might have received from the Mettalex airdrop in 2021. The main Binance campaign distributed 1 MTLX token for every 10,000 FET tokens held during the qualifying period.
Based on your FET holdings:
0 MTLX tokens
This is an estimate based on the official airdrop rules (1 MTLX per 10,000 FET). To qualify, you needed to maintain an average of at least 10,000 FET across all snapshots.
Important Airdrop Details
â Main Binance Airdrop (April 13-June 1, 2021): 1 MTLX per 10,000 FET held on average across snapshots. Tokens were automatically deposited to qualifying Binance accounts.
â CoinMarketCap Campaign: Required Twitter follow, Telegram joining, and social media actions. 300 winners received up to 2.33 MTLX tokens each.
â ď¸ Current Status: All official airdrops ended in July 2021. MTLX tokens are no longer distributed. Be cautious of any "new airdrop" claims.
Back in 2021, if you held FET tokens on Binance, you got a free slice of MTLX - no strings attached, just pure token distribution. Thatâs how Mettalex, a decentralized commodities trading platform powered by Fetch.ai, kicked off its community launch. This wasnât just another random airdrop. It was a carefully planned move to bring real-world asset trading on-chain, targeting traders who already understood DeFi and had skin in the game.
What Was Mettalex?
Mettalex wasnât trying to be another DeFi meme coin. It was built to unlock the $2.5 trillion global commodities market - think oil, wheat, copper, and coffee - and let people trade them as digital tokens. Unlike traditional futures markets that need banks and brokers, Mettalex used smart contracts to let anyone hedge price swings or take leveraged positions without a middleman. The platform ran 24/7, used stablecoins for trading pairs, and let users earn yield by providing liquidity. All of it was non-custodial, meaning you kept control of your funds.
The MTLX token was the engine behind it all. Holders could vote on governance proposals, reduce trading fees, and earn staking rewards. But before any of that could work, Mettalex needed users. Thatâs where the airdrops came in.
The Binance FET Airdrop: The Big One
The main MTLX airdrop ran from April 13 to June 1, 2021. It was hosted on Binance, one of the largest crypto exchanges. You didnât have to sign up for anything extra - if you held FET tokens on Binance during that window, you were automatically eligible.
Hereâs how it worked: Binance took weekly snapshots of your FET balance. You had to maintain an average of at least 10,000 FET across all eight snapshots. That wasnât a small amount. In April 2021, FET was trading around $1.50, so 10,000 FET meant holding $15,000 worth of tokens. This wasnât for casual traders. It was for serious holders.
The reward? One MTLX token for every 10,000 FET held on average. So if you held exactly 10,000 FET the whole time, you got 1 MTLX. If you held 50,000 FET, you got 5 MTLX. The tokens were automatically sent to your Binance account after the campaign ended. No claiming, no gas fees, no paperwork. Just clean, exchange-level automation.
The CoinMarketCap Airdrop: Community-Driven
While the Binance airdrop targeted deep-pocketed FET holders, Mettalex also ran a smaller, community-focused campaign through CoinMarketCap. This one was open to anyone with a Twitter account and a Telegram profile.
To qualify, you had to:
- Follow @mettale on Twitter
- Join the official Mettalex Telegram group: t.me/mettalex_official
- Join the news channel: t.me/mettalex_official_news
- Retweet a specific post and tag three friends
- Add MTLX to your CoinMarketCap watchlist
There were 300 winners, and each got up to 2.33 MTLX tokens - a total of 700 MTLX distributed. No money needed. Just time and social media effort. It was a smart way to grow awareness among crypto Twitter users and build a grassroots community before the platform even went live.
The July ,000 anyMTLX Airdrop
Even after the main campaigns ended, Mettalex kept the momentum going. Between June 29 and July 6, 2021, they ran a third airdrop: $3,000 worth of anyMTLX tokens given to 300 users. This wasnât tied to FET or social media. It was a final push to reward early supporters and create buzz around their July 7 launch announcement, which they called âa historic date for Mettalex.â
This third wave showed they werenât just running one-off promotions. They were building a community step by step - first the whales, then the influencers, then the loyal followers.
Why These Airdrops Mattered
Mettalex didnât just give away tokens. They used airdrops to solve three big problems:
- Trust: Partnering with Binance gave credibility. People knew their tokens were safe.
- Targeting: The FET airdrop pulled in users already familiar with Fetch.aiâs AI-driven DeFi ecosystem. These werenât random speculators - they were technical users who understood tokenized assets.
- Engagement: The CoinMarketCap campaign turned passive observers into active participants. People who followed the project were more likely to trade on the platform once it launched.
It was a textbook example of how to launch a DeFi protocol: layer your audience, match incentives, and automate distribution where you can.
What Happened After the Airdrops?
By mid-July 2021, the airdrop phase was over. MTLX was live on decentralized exchanges. Trading pairs like MTLX/USDT and MTLX/ETH became available. Governance votes started rolling out. The platform began processing real commodity trades - like hedging soybean price risk for a small farm cooperative using tokenized derivatives.
The airdrops had done their job. They seeded the ecosystem with users who had skin in the game. Those who held MTLX werenât just speculators - they were stakeholders. And thatâs what made the difference between a failed launch and a functioning DeFi protocol.
Could You Still Get MTLX Today?
No. All official MTLX airdrops ended in July 2021. There are no current airdrops running. The tokens are only available through exchanges or peer-to-peer trading. If someone claims theyâre running a ânew MTLX airdropâ in 2025, itâs a scam. The real campaign is long over.
Any claims of free MTLX tokens today are phishing attempts. Always check official sources: @mettale on Twitter or the official Mettalex website. Never connect your wallet to unknown sites.
How to Check If You Got MTLX
If you held FET on Binance between April and June 2021, log into your Binance account and check your transaction history for MTLX deposits around June 2-5, 2021. Youâll see a small number of tokens credited automatically.
If you participated in the CoinMarketCap campaign, check your Twitter DMs or the Mettalex Twitter feed from July 2021 - winners were announced there.
Once you have MTLX, you can still use it on Mettalexâs platform if itâs active, or trade it on decentralized exchanges like Uniswap or PancakeSwap, depending on where liquidity exists.
Why This Still Matters
Mettalexâs airdrop strategy was ahead of its time. Most projects just gave away tokens to anyone who followed them on Twitter. Mettalex segmented its audience - big holders, social media users, loyal followers - and gave each group a different incentive. Thatâs why their community was stronger than most.
Today, as more real-world assets like carbon credits, farmland, and shipping containers get tokenized, the lessons from Mettalex still apply. If you want to build a decentralized market, you donât just need tech. You need the right users - and you need to earn their trust before you ask them to trade.
The MTLX airdrop wasnât just free tokens. It was the first step in bringing the commodities market into the blockchain era - one carefully planned distribution at a time.
Did Mettalex do any airdrops after July 2021?
No. All official MTLX airdrops ended in July 2021. The last one was a $3,000 anyMTLX distribution to 300 users. Since then, there have been no new airdrops. Any claims of current MTLX airdrops are scams.
How many MTLX tokens were distributed in total?
The exact total number of MTLX tokens distributed across all airdrops was never officially disclosed. However, the Binance FET airdrop alone likely distributed tens of thousands of tokens, given the number of eligible holders. The CoinMarketCap campaign distributed 700 MTLX, and the July 2021 campaign distributed $3,000 worth - which at the time was roughly 1,500-2,000 MTLX depending on price. Total distribution was likely between 50,000 and 100,000 MTLX.
Do I need to claim MTLX from the Binance airdrop?
No. If you met the 10,000 FET average balance requirement, MTLX tokens were automatically deposited into your Binance account after June 1, 2021. No action was needed. If you donât see them, you didnât qualify.
Can I still trade MTLX tokens today?
Yes, MTLX is still tradable on some decentralized exchanges like Uniswap and PancakeSwap, but liquidity is very low. The Mettalex platform itself may or may not be active - its current status is unclear as of 2025. Always check official sources before trading.
Was the MTLX airdrop only for Binance users?
No. The main airdrop was for Binance FET holders, but there were two others: one through CoinMarketCap (open to anyone who completed social tasks) and a third $3,000 token giveaway in July 2021. So while Binance was the biggest channel, it wasnât the only one.
22 Comments
Man, I held 15k FET back then and got 1.5 MTLX. Didn't think much of it until I saw the price spike in late 2021. That airdrop was pure gold. Binance made it stupid easy too. No claiming, no gas, just chill and wait. Best DeFi move I ever made without lifting a finger.
LMAO people still talk about this like it was the moon landing. It was just a marketing stunt. Binance does these every other Tuesday. The real story is how Mettalex vanished after July 2021 and no one talks about it anymore. You got 1.5 tokens and now they're worth 3 cents. Congrats you're rich lol
i remember doing the coinmarketcap thing like it was yesterday 𤥠followed 3 tg groups, retweeted like a maniac, tagged my whole fam. got 2.33 mtlx and then... crickets. like bro where'd the platform even go? still got the tokens in my wallet like a relic from the crypto bronze age
This whole thing was a scam. They used FET holders as bait. No real utility. No team transparency. Now the token is dead. Don't fall for this nostalgia bait.
Honestly this was one of the smarter airdrops I've seen. They didn't just give tokens to everyone. They picked people who actually understood DeFi. That's why it worked. Most projects just spam Twitter and get 10k fake wallets. Mettalex built real users.
Wait... Binance was involved? That's not a coincidence. I bet they partnered with Mettalex because they knew FET would pump. Then they dumped MTLX after the airdrop. Classic pump and dump. They used us. Don't trust any exchange airdrop ever again.
India should have got more tokens. All these airdrops were for US and Europe. Why do we always get the scraps? Even the Twitter campaign was harder for us because of slow internet. But hey at least I got my 2.33 MTLX. Still better than nothing.
Honestly, the only reason this mattered was because it was tied to Fetch.ai. Anyone who didn't already understand AI-driven DeFi was just a speculator. The real value wasn't in the tokens-it was in the infrastructure. The fact that you're still talking about this proves you didn't get the vision.
I still have my MTLX tokens in my wallet. Never sold them. Kinda like a trophy from the early days. Itâs not about the value anymore. Itâs about being there when things were still real.
In Nigeria, we called this the 'silent airdrop' because no one talked about it locally. But for those who understood blockchain, it was gold. The fact that they used stablecoins and non-custodial trading? That was ahead of its time. Many of us still use similar models for cocoa and fuel hedging today.
The Binance airdrop was the only one that mattered. Anyone who did the Twitter thing was just chasing free tokens. The 10k FET requirement filtered out the noise. That's why Mettalex had a functional user base at launch. Most projects don't get that right.
I got 5 MTLX from holding 50k FET. Still have them. Still check the price once a month like a weird ritual đ. Fun fact: I used to trade them on PancakeSwap for cake tokens just to see if the liquidity was alive. It was. Barely. But it was there. That's more than most airdrops can say.
I think what people miss is that Mettalex wasn't trying to be the next Uniswap. It was trying to be the first real bridge between physical commodities and blockchain. The airdrops weren't just marketing-they were onboarding. They got farmers, traders, and speculators all in the same ecosystem. Thatâs rare.
Letâs be real. The whole project was a vanity play. The team disappeared. The platform is dead. The tokens are worthless. The only thing that survived was the FOMO narrative. Youâre all just clinging to nostalgia because you lost money on something else. This isnât a success story. Itâs a cautionary tale.
Thereâs something poetic about how they used token distribution as a social contract. You didnât just get tokens-you earned participation. The 10k FET requirement wasnât a barrier, it was a filter for commitment. Thatâs the opposite of todayâs 'follow and get rich' nonsense. It was a philosophy disguised as an airdrop.
I never sold my MTLX. Not because I thought itâd go up, but because I respected the effort behind it. The team didnât take money from the community-they gave it to them. Thatâs rare. I still think about how they structured the three waves. It felt intentional. Like they cared.
This is why most DeFi projects fail. They think airdrops = adoption. But adoption requires utility. Mettalex had the tech but zero marketing post-launch. No roadmap. No team updates. No transparency. The airdrop was the peak. Everything after was a ghost town. Don't romanticize dead projects.
The real lesson here is about tiered onboarding. First whales, then influencers, then loyal followers. Most projects skip straight to the bottom. Mettalex built a pyramid, not a flat circle. Thatâs why it had traction. It wasnât luck-it was strategy.
I did the coinmarketcap campaign and never got anything. But I still follow them. Sometimes you do things not for the reward but because you believe. I still believe in tokenized commodities. MTLX might be dead but the idea isn't.
Wait you guys are seriously still talking about this? The airdrop was 3 years ago. The platform is dead. The team ghosted. And you're all acting like it was the second coming of Bitcoin. I'm not even mad. Just... disappointed. You got scammed by nostalgia.
i had 12k fet and thought i was close but missed the average by like 500. still kick myself. i thought i was smart but turns out i was just bad at math đ
The most interesting part isnât the airdrop-itâs the fact that they targeted commodities. Thatâs the real moonshot. If blockchain can tokenize wheat or copper, weâre not just changing finance. Weâre changing how the global economy works. MTLX was just the first step.