Average rating : HIGH
Don`t Forget to claim your ticket if you are eligible for the lottery
Matic Network brings massive scale to Ethereum using DPoS side chains
|Private-sale:||Ended||ENDED||615,000 / 615,000 USD raised|
|Crowd-sale:||ENDED - ...||ENDED||5,000,000 /5,000,000 USD raised|
Raised: 5,615,000 of 5,615,000USD ( 100%)
|Ticker:||MTX||Available for token sale:||32.3|
|Token type:||Private-sale/pre-sale token price:||0.00263USD/|
|Accepts:||BNB||Private-sale/pre-sale bonus:||no info/ no info|
|Prototype:||YES||Pre-sale min/max personal cap:|
|Team:||12 persons||Crowd-sale token price:||0.00263 USD|
|Team residence:||India||Crowd-sale min/max personal cap:||10 USD / 300 USD|
|Company residence:||India||Cant participate:|
Use Case: Instant blockchain by plasma side chain
Remarks: Received token metrics detailssee more
The main reason this ICO is so attractive to this many people is because they managed to launch a working MVP for a sidechain scalability solution.
The ability to scale existing Blockchain via sidechains is a huge idea and will play a big role in 2019. Several ICOs like Radon Network and others have been working on this for over a year and have not presented as much as the Matic Network ICO.
That said in general the team is lacking in experience in Blockchain development as a lot of the team members are only experienced in web development.
ICOs with a working product tend to do quite well, but in the current market conditions it is very difficult for any ICO to make a profit Post ICO. Token metrics become more important than anything else. We need full transperency in regards to Private Sale investor bonus rounds, seed round prices and lockup and post exchange plans.
Currently we are Neutral on the Matic ICO, this is not financial advise always find several different opinions and form your own one as well. Always do your own due dilligance.see more
Matic Network aims to solve the actual problems faced by blockchain industry. Matic Network has already released the testnet and plans to release a Mainnet (alpha) in Q2 2019. Matic Network has cooperated with Decentraland, CryptoStaw, and other projects to provide a better user experience with lower transaction costs to end users. The team is solid and experienced enough in terms of development and delivering the product.
Tokenomics seems to be reasonable and hardcap is low comparing with Matic Competitors (Total Hardcap – $5,615,000). Matic token is a utility token, it is a unit of payment and settlement between participants who interact within the Matic ecosystem.
The important point is that token sale will be held on Binance Launchpad. It has already created a lot of hype and interest in the project. Demand for the token sale is high and supply is extremely limited, only 16,666 contributors will be able to participate in the sale. Definitely the project will reach the goal to raise $5,000,000 on public sale. The main question is how many Xs we can expect when tokens become tradable ;Dsee more
Binance launchpad woohoo....Matic Network is a Layer 2 scaling solution that achieves scale by utilizing sidechains for off-chain computation,see more
Matic Network is a blockchain agnostic Layer-2 scaling solution that aims to facilitate scalable, secure, and instant blockchain transactions via the use of sidechains and Plasma technology. The project will initially achieve its objectives by using Plasma-based side-chains on top of Ethereum and ensure asset security via a decentralized network of Proof-of-Stake (PoS) validators. The team behind the project aims to overcome the problem of scalability for decentralized applications (dApps) and provide a solution for other associated problems such as slow block confirmations, block size limitations, and computations issues in smart contract based blockchain platforms.
Matic focuses on both developers and end users and intends to provide a Matic wallet, payment APIs and SDKs, and additional solutions that will allow developers to design, launch, and migrate dApps built on platforms such as Ethereum. Matic will also allow cross- chain transfers involving digital currencies such as BTC and ETH (using pegging), thus allowing anyone to exchange these currencies on Matic based Decentralized Exchanges (DEXs). With the team initially focused on the Ethereum Network they plan to integrate with the 0x protocol, and 0x contracts can be deployed on Matic which allows relayers like Radar Relay and Paradex to work more efficiently and users can trade instantly (~1 second) without waiting for block confirmations.
In the future, Matic intends to support other blockchains and develop interoperability features, thus improving scalability across various existing public blockchains.
Product | 85%
Use of Blockchain | 100%
Documentation | 85%
Development Roadmap | 85%
Business Model | 80%
Company & Team | 75%
Token Sale | 60%
Final Rating | 81%see more
|ICO Drops||Very High|
|Midgard Research||9.5 out of 10|
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