Matic Network (Binance Launchpad)
Matic Review and Rating
Stage of The Project8.4/10
Token Sale Terms9.2/10
- Market penetration: Solid partnerships with multiple organizations in the blockchain space. Some of the partnerships, specially Decentraland, and Quarkchain can have a significant effect in terms of mass adoption.
- Binance Launchpad sale: The Matic Network sale will be conducted on the top of the Binance Launchpad; this has already proven itself to be a significant advantage with the latest token sales of Celer Network, Fetch.AI, and BitTorrent.
- Use-case: Matic’s Layer 2 scaling solution not only supports payments but smart contracts too. This along with Matic’s compatibility with other blockchain systems has a great potential for the project’s use-cases.
- Competition: Multiple off-chain scaling solutions are present in the crypto space, including the Lightning Network.
- Team and Advisory Board: Even though the CEO of the project has the right experience and skills (he is a Core contributor to Plasma MVP implementation) most of the team doesn't have blockchain background and abilities. Regarding the advisors, we don’t see any real technical advisors who can have a significant contribution to the project.
26 Apr 2019
$5,000,000 / $5,000,000
Token type: ERC-20
ICO price: 1 MTX: $0.00263 USD
Finite token number: 10,000,000,000 MTX
Token Allocation: Private Sale: 3.80%, Launchpad sale: 19%, Team: 16%, Advisors: 4%, Network Operations: 12%, Foundation: 21.86%, Ecosystem: 23.33%
Status: Whitepaper is ready.
Accepted currencies:: ETH
Max Number of Winning Lottery Tickets : 16,666
Allocation Per Winning Ticket : 300 USD (114,068.44 MTX)
Seed round 50% unlocked in the first month of TGE, remaining 50% unlocked in the seventh month
1 MTX = $0.00079 USD
Amount raised: $165,000 USD
Early Supporters sale 50% unlocked in the first month of TGE, remaining 50% unlocked in the seventh month
1 MTX = $0.00263 USD
Amount raised: $450,000 USD
Public sale (Binance Launchpad)
Launchpad Allocation: 1,900,000,000 MATIC (19% of Total Token Supply)
Cap: $5,000,000 USD
1 MTX = $0.00263 USD
Token Distribution: Within 15 days after end of token sale
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