On May 16th, 2025, we hosted a Mettalex X Spaces session, diving deep into the latest updates, plans, and progress of Mettalex. The discussion covered many topics, including our product roadmap, options, and futures trading updates, tokenomics redesign, UI improvements, etc. Here is a comprehensive recap and summary of the session

Hear the spaces here: https://x.com/i/spaces/1vOxwXvWYAWKB

Product Development and Timelines

Upcoming Features:

• Agentic Options Platform: We are working on implementing options trading on Mettalex, which will be part of the upcoming beta release. Users will be able to create customized options contracts with their choice of expiry dates, strike prices of underlying tokenized digital assets.

• Cross-Chain trading: We are making progress on the cross-chain trading functionality, aiming to make the platform truly chain-agnostic. This will allow users to trade assets across different blockchain ecosystems without relying on bridges or wrapped tokens. One exciting feature in development is the ability of an agent to add and remove chains dynamically on the go. This flexibility will allow us to easily integrate with more blockchains as the platform grows, providing a smoother, more diverse trading experience for users.

Timeline Highlights

• June: Starting next month, we will focus on launching options trading, dynamic chain addition/ removal integration, and a fully redesigned UI on the public beta.

• Late May: We will begin preparing the mainnet release plan, centered around the core cross-chain trading functionality. This phase will include code refactoring, final testing, and infrastructure readiness.

• Post-Planning Phase: Once all technical components are in place, we will proceed to plan with a comprehensive launch strategy, including marketing, community engagement, and coordinated go-to-market activities, all aimed at ensuring a successful and impactful mainnet launch.

Tokenomics Redesign

We are currently reworking our tokenomics to align with the new product vision. The redesigned tokenomic model will focus on supporting the growth of the platform, with more rewards for the community as the ecosystem expands. This will enhance the user experience and encourage more interaction with Mettalex’s features.

CEX Listings

With respect to Centralized exchange listings, our goal is to have a fully developed product on the mainnet working and a stable user base before we actively seek exchanges for listings. While we understand the community’s eagerness, we believe it’s important to launch with a product that can stand on its own merits.

We anticipate starting the process of CEX listing after three to six months once the product is stable and we have an active user base.

Fetch.ai & ASI Ecosystem Integration

Although Mettalex operates as an independent project, it deeply benefits from integration with Fetch.ai’s tech stack, particularly around agents and AI.

Current Integrations:

• Agent Framework: Core to the Mettalex trading architecture.

• LLM Support (ASI 1): For AI-driven price modeling and instrument creation.

• Prediction Market Feeds: For enhanced options and futures trading logic.

As part of the wider ASI ecosystem, Mettalex will continue to collaborate, share models, and contribute to decentralized financial tooling.

Transparency on Fund Usage

To address the use of funds received from the Fetch AI community pool. These funds have been primarily allocated to support team remuneration and infrastructure development. Since Mettalex has not raised any external capital to date, this funding has been essential in enabling the team to continue building and progressing toward its product milestones.

Key Takeaway

• Beta Launch in June: The upcoming beta will feature options trading, dynamic chain integration for cross-chain functionality, and a completely redesigned UI/UX to enhance user experience.

• Mainnet Preparation: In the next 3–4 weeks, the team will begin preparing for the Mettalex mainnet launch, focusing on code optimization, testing, and infrastructure readiness.

• Mainnet Launch Timeline: Following the preparation phase, the mainnet launch with the core cross-chain trading functionality will happen. During this period, the team will focus on marketing, community engagement, and GTM activities.

• Tokenomics Redesign: MTLX tokenomics are being updated to incentivize active usage, rewarding users for trading and engagement rather than focusing on collateral alone.

• Exchange Listings: Centralized exchange listings are planned after 3–6 months post-launch, once the product demonstrates real-world traction and utility.

• Fetch.ai & ASI Integration: While Mettalex remains independent, it actively uses the Fetch.ai agent framework, ASI LLMs, and ecosystem tools to accelerate development