We are now ready to launch, with FET holders receiving the first pool of MTLX tokens via a staking pool mechanism which will earn MTLX tokens as a reward.
The MTLX token genesis distribution started on Tuesday 8th September. FET token holders will stake FET for 21 days to receive a share of the 1 million MTLX to be distributed during the genesis period.
How to receive MTLX governance tokens:
Redeem your MTLX tokens
During the 48 hour staking period, over 130 million FET were staked to earn MTLX rewards.
FET tokens entered lockup phase yesterday evening, and MTLX tokens are being progressively released.
To redeem your MTLX tokens at any time during the 21 day lockup period, go back to staking.mettalex.com and click “Redeem”