Matrixswap AMA Recap

Matrixswap AMA Recap
Matrixswap AMA Recap
Harper (CryptoDiffer)
Hello, everyone!😁 We are glad to meet here: Joseph Liu, Founder of Matrixswap
Hello everyone! So great to be here thanks for inviting me
Joseph Liu
Joseph Liu
Matrixswap AMA Recap
Harper (CryptoDiffer)
Welcome, Joseph, thank you for your time) Our team has prepared several questions to start with!
I'm ready
Joseph Liu
Joseph Liu
Matrixswap AMA Recap
Harper (CryptoDiffer)
let’s begin with the introduction Q1: Can you introduce yourself to our community?
Sure! I'm Joseph Liu, the founder and core contributor of Matrixswap I’m originally from Taiwan, currently living in Germany. I’ve been in crypto since 2016 mainly as an investor and swing trader. I’ve helped multiple early stage startups in crypto to raise funds and built a strong network in crypto since 2017. Our team is based across Asia and Eurpoe and we have seasoned developers that worked on Defi, oracle and NFT projects.
Joseph Liu
Joseph Liu
Matrixswap AMA Recap
Harper (CryptoDiffer)
Great! Let`s move to next question Q2: Can you introduce Matrixswap to us?
absolutely Matrixswap is a fully decentralized virtual-AMM-based perpetual swaps trading protocol deployed on the Polkadot, Polygon and Cardano blockchains. similar to Binance/ FTX futures trading exchange, but built decentralized. Unlike traditional AMMs like Uniswap, we offer leveraged trading for any assets. Matrixswap also offers a DEX aggregator that allows traders to swap multiple tokens into one single asset under one transaction. we call it the "Emergency Nuke Button"
Joseph Liu
Joseph Liu
Matrixswap AMA Recap
Harper (CryptoDiffer)
Got it! Move to the next?
yes!
Joseph Liu
Joseph Liu
Matrixswap AMA Recap
Harper (CryptoDiffer)
So, the last one of the introductory part Q3: Let`s now talk about the milestones you have achieved so far and about your upcoming plans?
sure we have partnered with several projects in the space such as Kylin Network the oracle project on polkadot we have our DEX MVP (working product) live on Polygon Mainnet our Perp exchange is live on testnet We have received funding from a number of reputable VCs in the space such as X21 digtal, PetRock Capital, SkyVision Capital, GBV, A195, Alphabit and many more our IDO will be held on Cardstarter on the 10th of September so we are very excited to share our project to the crypto community We have also recently onboarded a strategic partner and advisor whom is a founding member of a top 10 coin on coin market cap so the future is bright for Matrixswap lastly we have received a grant directly from the Polygon team just a about a month ago
Joseph Liu
Joseph Liu
Matrixswap AMA Recap
Cryptodiffer Community
Hi! 🧛‍♀️ When I visit the website of Matrixswap, Virtual AMM feature took my attention. Can you please explain what is it? How does it work and what are the benefits? What are the differences from the normal AMMs? @josephliu03
Good question! a virutal AMM operates similar to traditional AMMs the difference is that the tokens virtual AMM are virtual synthetic tokens basically when a trader comes and trade he can use leverage and turn $100 intro $1000 in position size so you get more profit when the price moves with traditional AMM, you can't do that.
Joseph Liu
Joseph Liu
Matrixswap AMA Recap
Cryptodiffer Community
While you build your project, do you take into account community feedbacks and demands?
yes we take the community's voice very seriously as a token holder of $MATRIX you will have the ability to govern the protocol as we will give governance functions to $MATRIX tokens the token holders will be able to propose, vote and decide certain directions and decisions for the project after all, we value decentralization and the power of community
Joseph Liu
Joseph Liu
Matrixswap AMA Recap
Cryptodiffer Community
Matrixswap has a plan to educate the community, thereby raising awareness, applying and helping more people understand Matrixswap easily?
Definitely we currently have a Matrixswap education program where every week we put out an education/ informative content to allow more people understand our product and utilize its advantage
Joseph Liu
Joseph Liu
Matrixswap AMA Recap
Cryptodiffer Community
❄️❄️❄️How is your DEX aggregator system different from other DEX aggregators used on other platforms? Why does MatrixSwap use Oracle and get price feeds?
Our DEX aggregator offers multi token swaps imagine if you want to swap 10 tokens into UDSC usually you'd need to probably go to 2 different DEXs and execute 10 seperate transactions with Matrixswap DEX aggregator, you can batch 10 tokens together swap them all into USDC under one transaction and you pay gas fees once considering how volatile the crypto market is time is literally money I'm sure people will find this tool very helpful besides that we also will be offering single to multiple token swaps so if you are bullish on a few coins you can buy them all at once limit orders, stop losses are coming in the future as well
Joseph Liu
Joseph Liu
Matrixswap AMA Recap
Cryptodiffer Community
As Matrix token is ERC-20, & you said that it will be bridged at launch, Actually how does it happen?
yes so we have an erc-20 token mainly because ethereum seems to be the cross section for blockchains at launch, users will be able to bridge from ethereum to polygon very easily via the polygon bridge later on as we deploy our product to cardano blockchain, we will integrate an erc-20 token converter as well
Joseph Liu
Joseph Liu
Matrixswap AMA Recap
Cryptodiffer Community
I understand that DEXs emerged to allow users to bypass centralized exchanges, which had become honeypots for hackers, unfortunately, most DEXs ain't user-friendly and lacked the marketing resources of their centralized cousins. To add to the friction, most tokens on these Ethereum-based exchanges were available in limited pairs. So if you wanted to trade token A for token B, you’d first have to swap token A to ETH and then swap your ETH to token B. Not exactly a seamless user experience. What do you think could be done to help address some of these challenges?
Matrixswap's mission is exactly to solve this problem our DEX aggregator actually does not hold liquidity and does not take away custody so on the security side, there's not much to "hack" into we simply act as a smart router for users to 1. get the best pricing when swapping tokens and 2. perform multi token swaps overall we are here to fill the gap of bad user experience in defi we want our users to experience the best trading environment
Joseph Liu
Joseph Liu
Matrixswap AMA Recap
Cryptodiffer Community
Do you have any Coin Burn / BuyBack systems or any $Token Burn plans to increase the value of Token & attract Investors to invest?
yes we will have an on-going token buyback system in place
Joseph Liu
Joseph Liu
for those of you that haven't joined our community, I invite you to join this journey with us Our Twitter is https://twitter.com/matrixswap Our telegram is https://t.me/matrixswapofficial and, you can participate in our IDO on Cardstarter https://twitter.com/matrixswap/status/1430555446775975938?s=21 thanks for having me!
Joseph Liu
Joseph Liu
Matrixswap AMA Recap
Harper (CryptoDiffer)
Awesome. Thanks Joseph! And thanks everyone who took part!
we will launch our beta testing program at the end of the month/ beginning of October!
Joseph Liu
Joseph Liu
Matrixswap AMA Recap
Harper (CryptoDiffer)
u welcome😉👌🏾
thanks for participating, everyone!
Joseph Liu
Joseph Liu