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CryptoPotato score

8.7/10

MATIC Network

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 Ended

26 Apr 2019

Total raised
$5,000,000 / $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

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

Investors

Coinbase Logo

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