Topic: ✅ [ANN] Matic Network ⭐TOKENSALE OPEN NOW BINANCE ⭐ LAUNCHPAD PROJECT ✅ - page 10. (Read 3504 times)

I just come accros another matic network Telegram group running matic airdrop
@maticnetworkchat and from my findings this is not the main matic Telegram group. I think it will be proper for you to put a notice across your announcement channel to avoid people from failing victim of this.
In some cases they may aim at collecting person's personal information or asked them to pay certain amount in other to claim their airdrop and some gullible ones will sure fail victim.

In terms of technology, Matic has a good idea with many cutting-edge features like flasma side chain, Dualstrategy of Proof of Stake, checkingpoints, proof of fraud, and so on. Sidechains are in general weaker thanmain chain but using fraud proofs and checkpointings can make it as strong as possible. That creates a proper network with the purpose of solving the scalability and usability issues while not compromising on decentralization and leveraging existing developer community and ecosystem

Maticnetwork is now trading on binance at ~2-2.5x from the IEO price.
Nice profit but many expected more)

PROJECT OVERVIEW: MATIC NETWORK

• Website: https://maticnetwork.live
• Matic Network is a Layer 2 scaling solution that achieves scale by utilizing sidechains for off-chain computation, while ensuring asset security using the Plasma framework and a decentralized network of Proof-of-Stake (PoS) validators.
• Matic Network has been a significant contributor to the Ethereum ecosystem having worked on implementations of Plasma MVP (Minimum Viable Plasma), WalletConnect protocol and the popular Ethereum event notification engine - Dagger.
• Many projects are already building apps & integrations with Matic.
• Matic launched its first testnet in September and has an advanced pre-mainnet version of the network ready internally.
• Matic will soon launch an extremely user friendly Plasma wallet with native WalletConnect support to interact trustlessly with dApps and services across devices.


MATIC Token Ecosystem

• The Matic token is used to stake in order to participate in the Proof of Stake consensus mechanism of the network of sidechains.
• The Matic token is also used to pay mining rewards to the POS stakers and any transaction / gas fees.
• Each time a transaction happens, a small percentage of transaction fees will be kept and reserved in-protocol to support the projects building for enhancing Matic Ecosystem and will be disbursed using on-chain governance.


Token Governance & Use of Funds

As of 26 February 2019, Matic Network has used approximately 7% of TGE funds according to the allocations below:
• 1% Partnerships
• 9% Marketing
• 15% Legal
• 75% Technical Development


Treasury & Strategy

As per their risk management strategy, Matic plans to perpetually hold sufficient fiat reserves to fund their operational costs for at least 12 months. The rest of any funds held in crypto will be stored in cold wallets with multisig support.


Token Overview & Use Cases

The MATIC token has three key use cases:
• Participating in the Proof of Stake consensus: Matic sidechains enforce consensus using a Proof of Stake (PoS) layer in which network participants stake Matic tokens in order to participate as validators.
• Paying for the transaction fees in the network: The transaction fees on Matic sidechains are paid in MATIC tokens. The more users onboard to use the apps on Matic Network, the more the transaction volume and hence the transaction fees.
• Having taken inspiration from Livepeer and its "protocol funding the ecosystem" model, Matic intends to enable a separate staking mechanism for supporting the ecosystem projects. This will help create a fund out of the "block rewards" that can help support developers working on features and dApps needed by the network to get a part of block rewards. This mechanism is funded by reserving a percentage of the transaction fees in-protocol to support the projects building for enhancing Matic Ecosystem.


By Q1 2019, some of the projects built on top of Matic included:
• A Burner wallet (friction-free mechanism to move tokens quickly through a web browser interface and withdraw out to cold storage when complete) implementation for onboarding users to dApps with one-use wallets
• An upcoming games platform
• A marketplace for NFT assets
• A VR game
• An advertisement exchange
• Others still in development


Commercial Partnership and Business Development Progress

Matic has already partnered with several blockchain projects, including the following:

• Decentraland: Decentraland is a virtual reality platform powered by the Ethereum blockchain. Users can create, experience, and monetize content and applications using a developer toolkit that works on any platform (all VR headsets and web browsers) and is designed to create virtual environments and applications. Matic is collaborating with Decentraland to scale the transactions that will occur as a result of user interactions within the virtual universe. This will include payments, NFT sales and eventually general game states and other data.

• Quarkchain: QuarkChain is an innovative permissionless blockchain architecture that aims to provide a secure, decentralized, and scalable blockchain solution. Matic Network and Quarkchain intend to collaborate on L2 scaling research by exploring and developing Plasma sidechain solutions on top of Quarkchain. Matic will also be working with Quarkchain to build notification services like Dagger and Mobile Wallet capabilities for Quarkchain.

• Ankr Network: Ankr is a distributed computing platform that aims to leverage idle computing resources in data centers and edge devices. Matic will collaborate with Ankr to explore building a decentralized web 3 stack in which Ankr can provide Distributed Cloud Computing services for Decentralized Application Development on the Matic Network.

• Portis: Portis is a technology company that wants to make sure any person in the world can use decentralized applications, just as easily as they use "regular" apps.Matic is working with Portis to help these dApps using Portis achieve scale and an enhanced user experience.

• Maker DAO: Maker is the organization behind the DAI Stablecoin. Matic Network is partnering with MakerDAO to explore and jointly support teams for the development of dApps which use DAI on Matic Network sidechains. Matic Network intends to integrate DAI as the first ERC-20 token on Matic sidechains.

• Ripio Credit Network: Ripio Credit Network is a peer to peer credit network that connects lenders and borrowers located anywhere in the world.Matic is working with Ripio to enable Micro loans on its plasma sidechains. Matic along with RCN is also researching faster plasma exits where exit NFT’s will be used as collateral for loans on the RCN platform.


KEY FEATURES & HIGHLIGHTS

• Scalability: Fast, low-cost and secure transactions on Matic sidechains with finality achieved on mainchain and Ethereum as the first compatible Layer 1 basechain
• High Throughput: Achieved up to 7,000 TPS on a single sidechain on internal testnet; Multiple chains to be added for horizontal scaling
• User Experience: Smooth UX and developer abstraction from mainchain to Matic chain; native mobile apps and SDK with WalletConnect support
• Security: Matic chain operators are themselves stakers in the PoS system
• Public Sidechains: Matic sidechains are public in nature (vs. individual dApp chains), permissionless and capable of supporting multiple protocols


Launchpad Sale Information:
Ticker:                     MATIC
Issuing Price:           $0.00263 USD
Initial Circ. Supply:    3,230,085,551 (~32.30% of Total Supply)
Total Supply:           10,000,000,000 MATIC
Project Website:      https://www.maticnetwork.live