Mettalex Secures $1 Million USD in FET Tokens: Future of DeFi Trading
We are so excited to announce than Mettalex’s Community funding Proposal for 1 Millions USD worth of FET from Fetch.ai Community development pool has successfully passed through community governance with 69% Turnout and 88.7% Votes “YES”. Making a significant milestone in our journey in revolutionising future of DeFi Trading. Thanks to all the Fetch.ai Validators, community members. it wouldn’t be possible without your esteemed support towards the platform.
The proposal saw a whooping total of 163 million FET voted “YES” by 350 accounts, which includes 39 validators contributing 158 million FET tokens. This resounding vote of confidence from both validators and community members alike underscores the enthusiasm and collective belief in Mettalex’s mission and the bright future ahead.
How the Funds Will Be Used
The funds will be allocated across three critical areas:
- Ongoing Development: We will continue to refine our peer-to-peer order book and AI agent technology, ensuring Mettalex revolutionise DeFi sector.
- Marketing Initiatives: To reach a broader audience and strengthen our community engagement, we will ramp up our marketing efforts, spreading the word about the unique advantages our platform offers.
- Liquidity Enhancement: The funds will boost liquidity, stabilize the MTLX token, and support assets on Mettalex, helping to bring new assets to the platform.
As we move forward, we remain committed to our ethos of transparency, community empowerment, and continuous innovation. With this significant milestone behind us, we look to the future with excitement and determination to achieve our collective goals and continue revolutionizing the world of decentralized finance.
To learn more about Mettalex and its key value proposition, please read our blog series on the future of DeFi here: https://medium.com/mettalex/tagged/blog-series
Follow for more updates on our official channels.
Stay involved, stay informed, and let’s build the future of trading together.
