Matrix One Launches $MATRIX Token on Leading Exchanges
Road Town, British Virgin Islands, September 23rd, 2024, Chainwire
Matrix One, the decentralized protocol revolutionizing the development of human-like AI characters, has officially launched its native token, $MATRIX. This groundbreaking token went live on September 17 and is now available for trading on top cryptocurrency exchanges like Gate.io, MEXC, and Jupiter. The launch followed successful Initial DEX Offerings (IDOs) across various platforms, including Seedify, ChainGPT, Eesee, SeaPad, and WeWay Launchpad.
Token Utility and Ecosystem Integration
The $MATRIX token plays a crucial role in the Matrix One ecosystem, offering a wide range of utility functions across different decentralized applications (dApps) built on the protocol. Some key utilities of the token include:
- Service Subscription Model: Stakers of $MATRIX enjoy complimentary access to premium features in dApps like Avatar.One, which already has over 500,000 active users. Future features will include 3D AI character use cases like AI assistants, traders, teachers, and personal shoppers.
- Character Marketplace Discoverability: Users can stake $MATRIX tokens to increase the visibility of specific characters, showcasing their quality and potential demand. Moreover, $MATRIX can be used for commission-free trading on Character.One, bringing the first AI Characters on-chain.
- Content Monetization: Creators of on-chain AI characters can tokenize their creations and earn $MATRIX tokens through engagement from other users and applications, promoting decentralized ownership and monetization of AI characters.
- DAO Governance: $MATRIX holders have the opportunity to participate in governance decisions, including the development of new dApps and protocol upgrades within the Matrix One ecosystem.
- Dynamic Character Upgrades: Tokens can be utilized to unlock or upgrade character traits such as skills, animations, advanced memory, high-quality rendering, or other gameplay enhancements.
Token Supply and Distribution
The total supply of $MATRIX is capped at 10 billion tokens, with 164,525,000 tokens currently in circulation following the Token Generation Event (TGE). The distribution of the total supply is as follows:
- Community: 25%
- Seed round: 16.93%
- Core contributors: 15%
- Staking rewards: 11.85%
- Liquidity: 10%
- Public sale: 6.38%
- Private rounds: 1.62%
- Compute (treasury): 4%
- Airdrop: 4%
- Strategic round: 3.33%
- Marketing and partnerships: 1.89%
Market and Exchange Listings
$MATRIX is now actively listed on Gate.io, MEXC, and Jupiter. Real-time market capitalization information can be accessed on Dextools.
Achievements and Milestones
Matrix One already boasts a functional dApp, Avatar.One, with over 500,000 active users. Additionally, more than 100,000 Solana wallets are registered within the ecosystem, demonstrating the increasing adoption of Matrix One technology.
About Matrix One
Matrix One is a decentralized platform focused on transforming the interaction between users and AI-driven characters. Through its ecosystem of dApps, including Avatar.One, Matrix One leverages blockchain technology to provide decentralized ownership, monetization opportunities, and community-driven governance of AI-generated characters. With a rapidly expanding user base and innovative use cases, Matrix One aims to bridge the gap between AI and blockchain by empowering users to create, engage with, and govern dynamic virtual characters.
Contact: Mark Studholme, Matrix One, hi@matrix.one
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Analysis:
In this comprehensive article, we delve into the launch of the $MATRIX token by Matrix One, a decentralized protocol driving the development of human-like AI characters. The $MATRIX token is a pivotal component of the Matrix One ecosystem, offering diverse utility functions across various decentralized applications. These include service subscriptions, character marketplace discoverability, content monetization, DAO governance, and dynamic character upgrades.
The token’s total supply, distribution, market listings, achievements, and milestones are all discussed in detail, showcasing the token’s growing presence in the cryptocurrency market. With a strong focus on user engagement, ownership, and governance, Matrix One aims to revolutionize the interaction between users and AI-driven characters through blockchain technology.
Overall, the launch of the $MATRIX token represents a significant step towards bridging the gap between AI and blockchain, providing users with unique opportunities to participate in a dynamic and innovative ecosystem.