The Matrixswap team is excited to announce our Initial Decentralized Offering (IDO) for the Matrixswap’s Token, $MATRIX on Cardstarter. In the coming days, we’ll be releasing another post with more information about the sale date and instructions on how to sign up for the sale.
Matrixswap was founded in late early 2020 and aims to build a fully decentralized virtual AMM-based perpetual swaps trading protocol that will be built and deployed on Polkadot and Cardano blockchains.
Unlike traditional AMMs, users can long or short any assets’ perpetual contracts with up to 25x leverage. While most decentralized derivative trading platforms face liquidity concerns, the Matrixswap vAMM offers infinite on-chain liquidity. A funding rate mechanism is incorporated to ensure MarkPrice closely tracks IndexPrice.
Matrixswap aims to be a fully community-owned and governed DeFi protocol in the near future.
With a successful funding round, Matrixswap is backed by top VC firms and investors alike including X21 Digital, Petrock Captial, Varys Capital, Alphabit, A195, 4SV, Faculty Capital, and much more.
The Matrixswap community has been nothing short of supportive in reaching our goals and we’d like to thank all investors, advisors, and community members that have supported us so far. We’re excited to bring the $MATRIX token to life via a public sale IDO on Cardstarter.
We will also host giveaways for a guaranteed whitelisting opportunity in our giveaways as well — stay tuned!
We’ll be announcing details for both our Matrix Lottery and Whitelisting Requirements for our normal IDO very soon. Make sure to follow our public channels for further details!
⚠️Disclaimer Everything related to $MATRIX tokens, smart contracts, and their addresses will be only available on official channels. Matrixswap team members will NEVER DM you ever about anything. Please be careful. ⚠️
Our official channels are –
CardStarter is a decentralized accelerator and project launchpad, connecting early-stage Cardano innovators and projects with the community of supporters. Cardstarter provides $CARDS holders early access and guaranteed allocation to seed rounds, presales, and private sales of Cardano projects. By utilizing CardStarter, developers building on the Cardano Network will have an avenue to generate early support through the ERC20 network.
Projects that have launched using Cardstarter include Gero Wallet, DeFinity, SoMee, and Charli3.
Matrixswap is a fully decentralized virtual-AMM-based perpetual swaps trading protocol deployed on the Polkadot and the Cardano blockchains. Unlike traditional AMMs, users can long or short any assets’ perpetual contracts with up to 25x leverage. Matrixswap aims to be a fully community-owned and governed Defi protocol.