$20,000 Community Bounty: Trade and Refer

Apr 28, 2021

With the goal to showcase the unique trading experience and trading opportunities that the Mettalex decentralized exchange offers, we are announcing a trader-focused bounty.

The decentralized Mettalex exchange featuring traditional and crypto commodities and other exotic pairs successfully soft-launched on Binance Smart Chain (BSC) on March 21st, 2021.

Since then we have worked hard to improve the DEX’s security, accessibility, and user interface. Efforts on these tasks continue, but we believe the platform is ready for traders.

With that in mind, we are announcing a bounty dedicated to users who:

  • Trade on Mettalex
  • Refer Traders to Mettalex

Main Features

  • Two reward pools: One for Traders and one for Referrers (who can also be Traders)
  • Total rewards: 20,000 USD in anyMTLX tokens
  • Start date: May 5th, 2021
  • End date: May 26th, 2021
  • Rewards distribution: The week of May 31st, 2021
  • Blockchain platform: Binance Smart Chain / BUSD
  • Link to DEX: dex.mettalex.com

How to Join?

Traders

Traders will share a prize pool of 15,000 USD in anyMTLX tokens.

If you are a Trader and want to participate in this bounty, here is what you need to do:

  1. Register for the bounty using this form.
    1. You will have to provide an email address, Twitter handle, Telegram username, and the Binance Smart Chain wallet address that you will use for all Mettalex trades.
  2. Follow Mettalex on Twitter, Telegram, and CoinGecko.
  3. Start trading on Mettalex.
  4. Make a screenshot of an open position on Mettalex and share it on Twitter using the @Mettalex, #ExperienceMettalex, #DeFiCommodities, and $MTLX tags.
  5. Share the tweet in Mettalex’s official Telegram group.
  6. Reach a minimum volume of 1000 BUSD
    1. The volume will be determined based on the BSC wallet you registered in Step 1.
  7. The rewards for Traders will be calculated as:

The anyMTLX reward for each Trader that has fulfilled all of the above steps  = (each Trader’s total effective trading volume in BUSD / all qualified users’ total effective trading volume in BUSD) * 15,000 USD (in anyMTLX tokens)

Users Who Refer Traders (Referrers)

Referrers will share a prize pool of 5,000 USD in anyMTLX tokens.

Referrers have the opportunity to refer Traders (Referees) and win anyMTLX rewards. 

If you would like to become a Referrer, please do the following:

  1. Register each user that you are referring by filling this short form.
    1. You will have to enter your email address and your BSC wallet and the email address and Binance Smart Chain wallet of the Referee.
    2. A Referrer (an email address/wallet pair) can refer up to 10 users.
  2. Make sure that your Referees register as Traders and use the same BSC wallet you have registered them with.
  3. For a Referee to be considered valid, they must reach a trading volume of at least 1000 BUSD as determined by their Binance Smart Chain wallet submitted via the form in Step 1 above.
  4. The rewards for Referrers will be calculated as:

The anyMTLX reward for each user who has referred a Trader  = (total number of valid referrals by the Referrer / total number of valid referrals) * 5,000 USD (in anyMTLX tokens)

Registration is Now Open!

Register as a Trader here.

Register as a Referrer here.