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· 3 min read

Mettalex Community Update - February

The latest community update from the Mettalex team!

February update

Greetings Mettalex Community!

As we leap into February, the Mettalex team has been tirelessly working to bring you updates and improvements across the board. From website revamps to engaging community events, here's what's been happening in our ecosystem.

Hiring for UX/UI Designer

We're searching for a creative UX/UI Designer to enhance our Platform's user experience, making DeFi trading intuitive and accessible. Interested in designing the future of finance? Reach out to us or keep an eye on our Careers page.

Website Makeover

We are excited to announce the launch of our revamped website with a fresh and modern look; our platform now offers an enhanced user experience with complete information about Mattalex. Dive in to explore the sleek new design of Mettalex's Official website.

Community Showcase Success

Last month, we hosted our most anticipated community showcase, and it was a fantastic success! We want to extend a massive thank you to everyone who participated, shared insights, and engaged with our team. Your enthusiasm fuels our mission. We will soon be sharing the recorded demo along with v2 of the new website.

Exclusive Demo for Private Partners

Following our Community showcase, We've also conducted an exclusive demo for our private partners, highlighting our latest milestone achievements. This has been well received by the partners.

YouTube Channel Launch

Missed our Community Showcase? No worries! We've launched the official Mettalex YouTube Channel, where you can catch up on all the action. Subscribe to Mettalex's YouTube for Demos, tutorials, event recordings, and insightful content.

Anticipating Private Release

The excitement doesn't stop there! We're currently scaling the Mettalex platform to welcome more users for testing. Keep an eye out for the early access form coming your way soon. This is your chance to get a firsthand look at the future of decentralized trading.

Event Highlights

Our own Mehul took the stage at the prestigious IEEE Blockchain Conference in Pune, India, presenting Mettalex and demonstrating how we're revolutionizing DeFi with autonomous agents. His talk not only shed light on our unique value proposition but also placed Mettalex on the map among industry leaders and innovators.

Scaling for Success

As Mettalex welcomes more users for testing, our team is intensively focused on enhancing system scalability. We're committed to ensuring the platform remains stable and efficient, adapting to increased demand without compromising on performance.

Tech Updates

Our team is enthusiastically dedicating efforts to enhance the system's stability and scalability in preparation for our exclusive private launch. This involves deep engagement with Kubernetes (K8s), system optimization, and thoughtful refactoring to ensure top-notch performance. Furthermore, we are committed to innovating user experience by making each user unit self-contained, aiming for complete decentralization.

Stay Updated with Mettalex

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· 4 min read

Mettalex Community Update - January

The latest community update from the Mettalex team!

January update

Happy New Year to all in the Mettalex community! As we enter into an exciting New Year filled with possibilities and opportunities, we are thrilled to share the latest updates and progress made in the Mettalex ecosystem.

This month has been buzzing with activities, from strategic developments in our token utility to technical advancements that promise to elevate our platform to new heights. Let's dive into the exciting journey we embark on this January.

MTLX Utility Discussion and Release

We started the year by giving our $MTLX token a boost. Thanks to your feedback and deep discussions, we've added more ways to use $MTLX in our ecosystem. We've expanded the utility of $MTLX. It's not just for governance anymore – now, it's a big part of how users interact with our platform.

Explore Our Updated Mettalex Utility

MTLX Tokenomics Revamp

We've also taken a close look at how $MTLX works economically. We've carefully revamped the $MTLX tokenomics. The elimination of Liquidity pool in the new system design marks a paradigm shift from traditional systems, also affecting tokenomics. This new system, inturn, revamps tokenomics by locking 80% of the MTLX token for over-collateralization of commodities ensuring a solid & tangible monetary backing for every commodity on our platform.

Explore Our Redesigned Mettalex Tokenomics

Please note, the details and specifics of this new token distribution model for the Mettalex ($MTLX) ecosystem are preliminary and subject to potential adjustments, based on ongoing reviews, community feedback, and evolving market conditions.

Progressing Towards a Scalable System on Cosmos

One of our major technical milestones this month is the near completion of transitioning to a scalable system on the Cosmos network. This significant upgrade will empower Mettalex with enhanced efficiency and scalability, catering to the evolving demands of the DeFi sector and ensuring a superior trading experience for our users.

Meet the Mettalex Team

Enhancements in UI for Greater Accessibility

At Mettalex, user experience is paramount. We have implemented several minor yet impactful UI enhancements aimed at improving platform accessibility. These updates are a testament to our ongoing commitment to providing a user-friendly and intuitive interface for our diverse community.

Anticipation for the Private Release

The excitement is solid as we gear up for the much-awaited private release of Mettalex in January. This phase is crucial, showcasing the latest features and functionalities refined by our team. Stay tuned for the Early Access Form.

Sneak Peek-Upcoming Showcase

Get a glimpse of our dynamic Agent Network, where you see your agents engage with others within the Mettalex Ecosystem. Anticipate the excitement as we prepare for the upcoming community showcase!

Agent update

Mettalex Website Makeover

Big news – we're giving the Mettalex website a major makeover! Our team is working hard to revamp the site, making it more user-friendly, informative, and visually appealing. Watch for the new look designed to enhance your experience with Mettalex. Thank you to our community members for all the suggestions.

Ongoing Strategic Partnerships

We are continuously engaging in discussions with potential partners to explore synergies and collaborative opportunities that will further enhance the Mettalex ecosystem.

Engagement with CEX

Our team is in active discussions with several leading Centralized Exchanges (CEX) for potential listing of the $MTLX token, aiming to increase accessibility, increasing liquidity, and enhancing token utility.

Participation in Key Industry Events

In 2023, Mettalex has made an enormous presence at key industry events, fostering connections and sharing insights on the future of DeFi. It will attend several prominent blockchain and DeFi events in 2024. We will present our platform and engage with industry leaders to foster relationships and gain insights. Stay Tuned for the announcement of specific event details, which is coming shortly.


As we continue our journey in 2024, our commitment to innovation, security, and community engagement remains unwavering. The Mettalex team is grateful for your continued support and enthusiasm. Together, we are united to redefine the DeFi and DEX landscape. Thank you for being a vital part of our journey, and stay tuned for more exciting updates!

· 4 min read

Mettalex Community Update - December

The latest community update from the Mettalex team!

December update

Greetings, Mettalex Community!

Hold onto your seats because we're about to take you on an exhilarating ride through the latest and greatest at Mettalex. Brace yourselves for a series of thrilling updates and groundbreaking advancements that are set to boost our platform.

Let's embark on this exhilarating journey together!

Hiring Update

Welcoming Monish as Marketing Manager

We're delighted to announce that Monish has joined our team as the Marketing Manager, ready to propel our marketing strategies to new heights.

Onboarding a DevOps Engineer

To ensure our system's scalability and robustness, we've brought on board a skilled DevOps engineer, a strategic move towards enhancing our platform's performance and capacity

Cosmocon Update

We're thrilled to share our wonderful experience at Cosmocon Bangalore, held during the IBW Week , showcasing Mettalex and connecting with other innovators in the blockchain space. The insights and connections gained are invaluable in our journey forward.

Checkout the cool snaps here

https://x.com/Mettalex/status/1732075460597780908?s=20

Docs V1 Release

In our commitment to transparency and ease of use, we're excited to announce the release of our V1 documentation. This detailed guide offers an in-depth understanding of Mettalex's P2P orderbook and agent-based DEX, designed to enlighten traders and the community about our platform's architecture and workflow, along with some additional information about the system.

Check our V1 Technical Docs here: https://docs.mettalex.com/

Our documentation is continuously evolving. In our upcoming releases We'll be enriching it with additional technical insights, information about the Mettalex team, and perspectives tailored for traders. Stay tuned for the latest enhancements!

Community Showcase

Mark your calendars for an electrifying showcase event slated for the second week of January 2024 on Discord,we're hosting a special session dedicated to the Mettalex community. Keep an eye out on our socials for further details and join us for a chance to engage with our team and gain deeper insights into Mettalex.

Private Beta Release

Get ready for an exclusive sneak peek at Mettalex's latest developments with our Private Beta release coming mid-January 2024! We're thrilled to offer early access to our community members. Stay tuned for the Early Access Form, and be prepared to be one of the initial explorers to test drive our platform. Applications will open on a rolling basis – don't miss out!

Demo to Potential Partners

We've been actively demonstrating Mettalex's capabilities to potential partners, expanding our network and exploring new collaborative opportunities.

Discussion with CEX for Listing

Inorder to increase accessibility and exposure of $MTLX, we're in talks with leading Centralized Exchanges (CEX) to list our token, broadening our reach in the crypto market.

Development Update

Enhancing System Stability

Our team is dedicatedly working on strengthening the system's stability for a seamless trading experience.

Tour Guide for New Users

To make Mettalex more welcoming and accessible, we're developing a tour guide, making it easier for new users to navigate and utilize our platform.

Efficiency Improvement

We're constantly refining our system to boost its efficiency, ensuring faster and more reliable trading for our users.

Integrate Fetch.ai AI engine (WIP)

We're excited to share an update on integrating the Fetch AI engine into Mettalex. This integration is a game-changer, bringing AI-powered precision to your trading experience. Now, chat with your agent through our chat interface for a trading experience customized to your preferences and objectives. By leveraging large language models (LLMs), the AI engine can accurately understand and interpret your trading goals and priorities.


We are immensely grateful for your ongoing support and engagement. Your input is crucial in shaping Mettalex's future, and we're committed to delivering an unparalleled trading experience. Stay connected with us for the latest updates and share your feedback anytime.

Thank you for being a part of our journey. Together, we're forging a path towards a more decentralized and efficient trading future.

Until our next update, stay curious and empowered!

· 3 min read

Mettalex Community Update - November

The latest community update from the Mettalex team!

november update

Greetings, Mettalex Enthusiasts!

We are excited to bring you the latest update from the Mettalex team as we continue to advance decentralized trading. In this month's update, we have several important developments and initiatives to share with you. Let's dive into what's been happening behind the scenes:

Hiring for marketing

We are currently in the process of interviewing candidates for a key marketing role within the Mettalex team. This strategic addition to our team will help us strengthen our marketing efforts and expand our outreach to the community.

Native Token Support

We have achieved on adding native token support to the Mettalex platform. This will enhance the utility of our platform and provide more options for our users to engage in trading activities.

System Scalability

Scalability is a crucial aspect of our platform's development. We are focused on optimizing and expanding our infrastructure to accommodate increased user activity, ensuring a seamless trading experience even during peak periods.

Documents Improvements

Continuing our commitment to transparency, we are making significant improvements to our technical documentation. This will make it easier for both developers and users to understand and utilize the Mettalex platform effectively.

UI/UX Discussion

We value the user experience, and we are actively engaging in discussions to enhance the UI/UX of our product. The feedback received is invaluable to us, and we are working to create a more user-friendly and intuitive trading interface.

Discord Showcase

Get ready for an exciting event! We are planning a special showcase on Discord in December. Stay tuned for more details, as this will be a great opportunity to connect with our team and learn more about Mettalex.

Partnership & Collaboration

We are exploring and continuing partnerships and collaborations with other projects in the blockchain space. These collaborations will help us expand our ecosystem and provide more value to our users.

Coming Soon

Early Access for Private Release: We have exciting news on the horizon! We will soon be offering early access for our private release. Keep an eye out for announcements on how you can be among the first to experience it.

We appreciate your continued support and involvement in the Mettalex community. Your insights and feedback are instrumental in shaping the future of decentralized trading. We are committed to delivering the best possible trading experience, and each step takes us closer to that goal.

Stay connected with us on our social media platforms for real-time updates, and please don't hesitate to share your thoughts and feedback with us.

Thank you for being a part of the Mettalex journey. Together, we are paving the way for the future of decentralized trading.

Until next time, stay curious and stay informed!

· 3 min read

Mettalex Community Update - October

The latest community update from the Mettalex team!

October update

Hello, Mettalex Community!

Last month has been an exhilarating month for us, packed with developments, enhancements, and growth. As we strive to take Mettalex to greater heights, it is with immense pleasure that we share the strides we’ve taken. Our progress this month spans both technical innovations and valuable community engagements.

Team Expansion

First and foremost, we are thrilled to announce the addition of a new Engineer to our team. His expertise will ensure the quality assurance of our system, enhancing the Mettalex experience for all our users.

Cosmoverse

Our time at Cosmoverse was a fantastic voyage! We not only learned and engaged with other innovators but also showcased Mettalex's potential. It was an extremely fruitful event that promises exciting prospects for the future.

Smart Contract Advancements

Escrow Evolution

We've enhanced the escrow system to support both full and partial trades with a better funds transfer and execution process. We are rigorously testing it against known breakpoints and integrated robust error handling. Furthermore, we're in the process of adding functions to ensure funds are always in the control of users.

Frontend Enhancement

Streamlined On-boarding

We've improved the onboarding process to make it clearer and faster. It now goes step by step: agent creation, agent mapping, escrow creation and mapping, and then finishes with funds locking.

Transaction Logs & UI Updates

We’ve polished our transaction logs structure and integrated faucets. Our revamped UI is more intuitive.

Agent Optimizations

Queue System

Introduced to maintain agent trade details and ensure consecutive trades are processed efficiently. Robust Agent Handling: If an agent stops and then restarts, our system now checks for pre-existing wallet-agent mappings to ensure uninterrupted ## operations.

Event-Fetcher Library

We’ve integrated our updated event-fetcher library, enhancing event polling capabilities.

Agent Network Refinements

We've optimized agent network dependencies, ensuring smoother and more reliable transactions.

Simplified Order Calculations

We've migrated the complex partial order calculations from the agent's end, simplifying the transfer process by pushing calculations to Middleware.

System Containerization

We’ve tackled and resolved issues related to system containerization, making deployments smoother.

Test Server Deployment

The Mettalex system is now live on our test server internally. Preliminary testing has been fruitful, and we are actively working on improvements.

Documentation Updates

Following last month's cleanup, we’re adding some fresh content to our docs. It's going to be more insightful and yet simple enough for everyone to understand.

Private Demos

Continuing our momentum from last month, we've been showcasing Mettalex's capabilities to prospective partners. The response has been encouraging, and while we can't reveal details yet, we're optimistic about future collaborations.

In conclusion, we wish to extend our heartfelt gratitude to you, our dedicated community. Your unwavering support and trust propel us forward, and we remain committed to delivering the best of Mettalex. Stay tuned for more thrilling updates, and as always, thank you for being an integral part of our journey.

· 3 min read

Mettalex Community Update - September

The latest community update from the Mettalex team!

september update

Hello Mettalex Community,

As we wrap up another productive month, we're excited to share our latest updates and advancements with you. We’ve been working hard on various fronts to make Mettalex the most secure, efficient, and user-friendly P2P order book DEX. Here's a quick rundown of what we've been up to.

MTLX Reimbursement Completed

The reimbursement process for users who previously encountered issues with MTLX token withdrawals on Mettalex is now successfully completed. Additional compensations have been provided as a testament to our commitment to the community. The community's patience and ongoing support throughout this process have been invaluable, and we wish to express our deepest appreciation.

Ongoing Discussions with Multiple Exchanges for MTLX Listing

We are thrilled to inform you that discussions are ongoing with multiple exchanges to list our MTLX token. This is a strategic move aimed at increasing liquidity, enhancing price discovery, and giving more users access to our token.

Discussion on Regulations

We're actively engaged in discussions around regulatory considerations to ensure that we remain compliant and adaptable to the evolving landscape. While we can't share specifics at this time, please know that we are committed to maintaining the highest standards of trust and security for our community.

Security Middleware

In light of the increasing threats in the decentralized world, we are developing a Security Middleware layer that will add an extra layer of protection for all transactions happening on the Mettalex platform. We’re in the final stages of testing and you can expect to see it integrated soon.

Technical Documentation [V1 in Review]

The first version of our technical documentation is nearing completion and is currently under review. This comprehensive guide will include architecture diagrams, user journeys, and more to provide a detailed understanding of the Mettalex system. We're committed to keeping it updated regularly, and we aim to release it soon.

3rd Party Strategy Implementation on Agents [Strategy V1]

Currently working on enabling third-party strategy integration with our agents. This will allow users to deploy strategies on cloud services like AWS or GCP and interact through predefined endpoints. The aim is to give agents the ability to act based on these user-defined strategies.

Testing the System with Multiple Agents

We have been rigorously testing the system with multiple agents to identify any areas of improvement. This allows us to make timely updates and ensure a seamless user experience.

Event Fetcher Library for Fetch Network Event Polling: Made it More Generic

We've enhanced our Fetch Network Event Polling library, initially developed for Mettalex. It now has broader capabilities to efficiently fetch and filter network events for diverse use cases.

We plan to introduce this updated library alongside a blog post, aiming to provide a useful tool for the wider Fetchai developer community.

Agent persistence

To improve our system’s robustness, we have been working on implementing agent persistence. This feature will ensure that the agents running various operations on the Mettalex platform can be shut down and re-instantiated again without any breaking changes to the system.

Private Demos to Potential Partners

We’ve been busy showcasing the capabilities of Mettalex to potential strategic partners. These private demos are a key step toward broadening our ecosystem and establishing partnerships that add value to our community.

We appreciate your continued support and engagement. These updates are aimed at making Mettalex more resilient, efficient, and user-friendly. Stay tuned for more exciting updates in the coming month.

· 3 min read

Mettalex Community Update - August

The latest community update from the Mettalex team!

August update

Hello Mettalex Community,

As we wrap up another productive month, we're excited to share our latest updates and advancements with you. We’ve been working hard on various fronts to make Mettalex the most secure, efficient, and user-friendly P2P order book DEX. Here's a quick rundown of what we've been up to.

MTLX Reimbursement Completed

The reimbursement process for users who previously encountered issues with MTLX token withdrawals on Mettalex is now successfully completed. Additional compensations have been provided as a testament to our commitment to the community. The community's patience and ongoing support throughout this process have been invaluable, and we wish to express our deepest appreciation.

Ongoing Discussions with Multiple Exchanges for MTLX Listing

We are thrilled to inform you that discussions are ongoing with multiple exchanges to list our MTLX token. This is a strategic move aimed at increasing liquidity, enhancing price discovery, and giving more users access to our token.

Discussion on Regulations

We're actively engaged in discussions around regulatory considerations to ensure that we remain compliant and adaptable to the evolving landscape. While we can't share specifics at this time, please know that we are committed to maintaining the highest standards of trust and security for our community.

Security Middleware:

In light of the increasing threats in the decentralized world, we are developing a Security Middleware layer that will add an extra layer of protection for all transactions happening on the Mettalex platform. We’re in the final stages of testing and you can expect to see it integrated soon.

Technical Documentation [V1 in Review]

The first version of our technical documentation is nearing completion and is currently under review. This comprehensive guide will include architecture diagrams, user journeys, and more to provide a detailed understanding of the Mettalex system. We're committed to keeping it updated regularly, and we aim to release it soon.

3rd Party Strategy Implementation on Agents [Strategy V1]

Currently working on enabling third-party strategy integration with our agents. This will allow users to deploy strategies on cloud services like AWS or GCP and interact through predefined endpoints. The aim is to give agents the ability to act based on these user-defined strategies.

Testing the System with Multiple Agents

We have been rigorously testing the system with multiple agents to identify any areas of improvement. This allows us to make timely updates and ensure a seamless user experience.

Event Fetcher Library for Fetch Network Event Polling: Made it More Generic

We've enhanced our Fetch Network Event Polling library, initially developed for Mettalex. It now has broader capabilities to efficiently fetch and filter network events for diverse use cases.

We plan to introduce this updated library alongside a blog post, aiming to provide a useful tool for the wider Fetchai developer community.

Agent persistence

To improve our system’s robustness, we have been working on implementing agent persistence. This feature will ensure that the agents running various operations on the Mettalex platform can be shut down and re-instantiated again without any breaking changes to the system.

Private Demos to Potential Partners

We’ve been busy showcasing the capabilities of Mettalex to potential strategic partners. These private demos are a key step toward broadening our ecosystem and establishing partnerships that add value to our community.

We appreciate your continued support and engagement. These updates are aimed at making Mettalex more resilient, efficient, and user-friendly. Stay tuned for more exciting updates in the coming month.

· 4 min read

alt-text

What is Mettalex? A P2P Agent-based DEX, employing an order book model, is built upon the Fetch.ai blockchain using Agent-based technology.

Hello Mettalex Enthusiasts! Welcome back to another eagerly anticipated community update. As Mettalex continues to embark on its groundbreaking journey, we’re here to keep you closely aligned with what's happening behind the scenes. Let’s take a look at the latest advances and challenges that our team has encountered this month as they work to shape the future of decentralized trading.

Key Updates

Contract Factory: In our architecture, each Agent will have their own contract. This solution enables the creation of a contract from the Contract Factory itself. Moreover, in the spirit of fostering innovation, we're excited to announce that we will soon make this code open-source! This will empower the developer community to reuse the code and take it as a reference for writing contract factories for their own projects.

Event Polling: Another exciting development is the implementation of event polling which retrieves events from the Fetch blockchain and notifies the Agent to undertake subsequent actions. This is crucial in ensuring that the agents are always in sync and responsive to the state of the blockchain. Like the Contract Factory, we are also planning to make this code open-source for the community.

Agent Factory (Work in Progress): Our ongoing task is the Agent Factory which will allow every user to create their own Agent within the project, in just a few clicks. Not only will this make the process streamlined, but it will also be possible to view agents on Agentverse, the Fetch,ai Agent explorer.

Performance & Code Optimization: As Mettalex evolves, we are constantly tuning and optimizing the performance of our platform to ensure a seamless and efficient experience for all users.

UI/UX Refinement: User experience is at the heart of what we do, and we have been working on refining the UI/UX elements of Mettalex. This is to ensure that the platform is not only functional but also intuitive and aesthetically pleasing.

alt-text

Strategy Implementation Within Agents [V1: 3rd party strategy implementation]: We’re excited to unveil this new development which will transform the way users interact with agents on Mettalex. What does this mean? Well, agents on Mettalex are now becoming smarter and more powerful. With this new integration, users can implement custom trading strategies directly within their agents. This is a game-changer as it automates the trading process based on pre-set rules and criteria without the need for constant monitoring.

Mettalex website revamp: The Mettalex team is currently working on updating the website. We aim to keep things fresh and ensure that all the content is up-to-date.

Feature Addition: As we continue to enhance the Mettalex platform, we are excited to share some new features that have been added to improve trading experience. These features are designed to give more control and flexibility over trading activities. Here’s what’s new;

Cancel Order: We understand that trading conditions can change rapidly and sometimes you might need to change your trading plans. The 'Cancel Order' feature allows you to swiftly cancel any pending orders if you decide that it's the best course of action.

Partial Trading: Partial trading means that your trade will patch with a partial order as well and no need to wait around till an exactly matching opposing order comes into play. This feature will be greatly beneficial for large order amounts.

Trade with Preferred Agent: Customization and preference play a vital role in a trader's journey. The new 'Trade with Preferred Agent' feature lets you select a specific Agent to trade with. This gives you more control over your trading experience, allowing you to align your trades with the agents that best suit your trading style and objectives. We believe these additions will greatly enhance your trading experience on Mettalex and empower you to trade more efficiently and strategically. We’re always keen to hear your feedback, so don’t hesitate to let us know what you think!

Conclusion: We are grateful for the support of our community. As pioneers, innovating the DeFi space, the dedication and insight from everyone involved are what propel Mettalex forward. With each step, we’re closer to realizing the vision of a more robust, secure, and revolutionary trading ecosystem. Don’t forget to join the conversation on our social media platforms and, as always, keep your eyes peeled for the next exciting community update. Until then, stay curious.