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  • Matic Network (Binance Launchpad)

    CryptoPotato score

    8.7/10

    Matic Network (Binance Launchpad)

    Scalable and instant blockchain transactions; Matic Network brings massive scale to Ethereum using an adapted version of Plasma with PoS based side chains. Matic Network ("Matic" or "the Project") is a layer-2 scaling platform that enables fast, easy and secure off-chain transactions for not only payment transactions, but also generalized off-chain smart contract.
    Matic Network strives to solve the scalability and usability issues, while not compromising on decentralization and leveraging the existing developer community and ecosystem. It is an ​off/side chain scaling solution for existing platforms to provide scalability and superior user experience to DApps/user functionalities. The Matic Network solves this problem by using a high throughput blockchain with consensus provided by a selected set of Block Producers, chosen for every checkpoint by a set of Stakers.
    Token will be used for the payments, transactions and for utility purposes across the platform.

    Matic Review and Rating

    8.7

    Team

    7.7/10

    Stage of The Project

    8.4/10

    Project Potential

    9.1/10

    Token-Use

    8.8/10

    Token Sale Terms

    9.2/10

    White Paper

    8.4/10

    Technology

    8.8/10

    Community

    8.8/10

    Pros

    • 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.

    Cons

    • 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.

    IEO Ends on April 26th 2019, 14:00 UTC

    13 hours Left

    Total Hardcap
    $5,000,000

    Token: MTX

    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

    Cap: $165,000 USD
    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

    Cap: $450,000 USD
    1 MTX = $0.00263 USD
    Amount raised: $450,000 USD

    Public sale (Binance Launchpad)

    Date: Apr 24 - Apr 26
    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

    Community

    Twitter 7,135 followers

    Telegram 14,320 members

    Team Members

    Matic Team

    Jaynti Kanani

    Co-founder & CEO

    Matic Team

    Sandeep Nailwal

    Co-founder & COO

    Matic Team

    Anurag Arjun

    Co-founder & CPO

    Matic Team

    Siddhartha Jain

    VP - Operations & Marketing

    Matic Team

    Delroy Bosco

    Project Manager

    Matic Team

    Nirbhik Jangid

    Growth Hacker & Community Manager

    Advisory board

    Matic Team
    Founder & CTO at Decentraland

    Esteban Ordano

    Advisor

    Matic Team

    Pete Kim

    Advisor

    Matic Team

    Ari Meilich

    Advisor

    Partners

    Coral Protocol logoDecentraland logoMakerado logoZebi logo
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