MarixETF AMA with @Gagarin_talk
On September 17th, MatrixETF was honored to be invited by @GagarinCrypto to join their AMA, TG location:@Gagarin_talk. Alan-CTO of MatrixETF was the speaker. The community members and the host were enthusiastic, thanks everyone for joining this AMA. There were 2 parts of AMA with 3 Intro Questions and 10 Online Questions. Congratulations to the 10 lucky winners who can gain $15each, the total rewards are $150.
Intro Questions:
Q1. Can you shortly introduce yourself and tell briefly about what is MatrixETF?
A1: Hello everyone, it’s a pleasure to be here. I am Alan — -CTO of MatrixETF, thanks for the invitation!
First of all let me introduce myself in a brief way: I graduated from Ontario Institute of Technology, used to be Technical Director of multiple blockchain projects.
There are 11 team members in MatrixETF which include 6 engineers and 5 Marketing staff.
As early as 2017 we have joined the blockchain field such as investing in BTC/ETH and participating in EOS、NEO、TRX、BNB fundraise.
We have rich experiences on blockchain projects such as: writing crypto investment reports, managing operation teams, designing token economic models, designing product formulate, developing Solidity/Rust smart contracts etc.
We’ve established a crypto fund in 2019 with 5,000,000 USDT, we’ve used unique quant strategy and market trend analysis for helping investors obtain an Annualized rate of return of 30%。
Crypto market has been developed in 2020 on DeFi projects such as COMP、YFI、UNI、AAVE, we can go through Farming, AMM, Farming, Vault Aggregator to improve the value of Token, which enrich the crypto market’s ecosystem by getting away of speculation.
As time goes on we found the crypto market is getting more and more mature, there is a huge chance for DeFi ETF. In this case we have built MatrixETF team with our technical and investment experience at the beginning of 2021, to start over the crypto DeFi ETF field.
As you know MatrixETF is a decentralized ETF with cross-chain enabled platform, our goal is to establish a decentralized, automated, personalized and diversified portfolio for users, as well as help users easily enjoy long-term, stable and efficient financial services.
Q2. Can you shortly describe MatrixETF native token utility?
A2: MDF is the governance token of MatrixETF community, including the following usage scenarios and utilities:
- Participate in the governance of MatrixETF (DAO community governance)
- Buy ETF products/ETFs
- Improve values by getting profits from different ETF portfolios
- Participate in liquidity mining to gain returns
- Staking mining
- Ecological value-added
- Buy-back and destruction
- Discounts in handling fees and other fees
Q3. Who are your main competitors on the market and what are your main advantages?
A3: Well we can name there is quite few competitors in the market such as PieDao/PowerIndex/NFTX, I think the main competitive advantages of MatrixETF are:
1. Cross-chain enabled
As we know each chain has its own character such as the fast speed, low Gas fee and good experience purchasing an ETF on Solana, such as the rich DeFi ecosystem, various assets and good experience purchasing an ETF on Ethereum.
MatrixETF allows cross-chain function on different chains, the goal is to catch high-qualified assets on different public chains in addition to providing more market choices and incomes to users. Nowadays MatrixETF has deployed smart contracts on Solana and Ethereum, and we have successfully done open test on our products. In our blue picture we plan to launch at least 2 ETF products on both Solana and Ethereum.
In future we will launch more ETF products on more public chains such as BSC、Polygon、Near、Heco in order to meet all kinds of user’s investment demands.
2. Customized ETF
In the initial phase MatrixETF will launch a variety of conceptual ETFs for tracking high-qualified Token in the field of blockchain and DeFi.
Even MatrixETF created these ETFs, however we will provide governance rights to the community. At the same time, we will provide SDK toolkits to professional fund managers, investment institutions and influencers in order to create their own ETFs.
SDK can greatly increase the fund freedom, from where ETF creators can manage funds flexibly and efficiently, as well as gain extra incomes from assets and DeFi ecosystem.
Online Questions
Q1: How to keep the motivation for holding $MDF tokens long term? How is $MDF token used?
A1: MDF is the governance token of MatrixETF which will be deployed on Ethereum and Solana, the biggest supply of MDF is 1,000,000,000. In the pre-launch phase, there are only a few MDF in the market.The benefits of holding MDF are as below:
1.Governance MatrixETF (DAO community governance)
Those who own MDF have Voting rights in MatrixETF community, meaning they can participate in community governance and decision-making such as deciding what kind of ETF product MatrixETF will create, ETF investment strategies and asset classes etc.
2.Purchasing ETF products
MatrixETF will launch different ETF products such as passive ETF on Solana/Ethereum, active ETF released by co-institutions, NFT ETF and mysterious function which will be launched in Sep…All based on holding MDF.
3.Aggregate Vault revenue
MatrixETF will establish a Vault smart pool in future, users will deposit MDF and gain automatic ETF incomes.
4.Participate in Liquidity mining and other incomes
MatrixETF will motivate users to participate in liquidity such as ETF/MDF, ETH/MDF，SOL/MDF by token economic model, you can earn mining income by holding MDF.
5.Redeem and Destruction
Part of MatrixETF’s income will return back to MDF holders, in addition MatrixETF will use part of profits to redeem and destroy the MDF.
Q2: Why did MatrixETF choose Solanium for their IDO?
A2: Well we consider Solanium is a high qualified IDO platform with strong infrastructure and big volume, also there were quite few projects chosen it as IDO platform, this is why we trust it and wish to have the double win with Solanium’s ecosystem.
Q3:What are the main types of encrypted assets that originally constituted the MatrixETF ETF? How will they be selected? Will it be selected by the project’s expert team or will it be voted on in the community?
A3: MatrixETF will launch these 4 kinds of ETFs: Top DeFi ETF、Public Chain ETF、Solana ETF and NFT fund ETF. About the Selecting Project, we adopts the fundamental weighted method, which is weighted by 70% of the circulating market value and 30% of the fundamentals.
You can see our token composition as below:
Q4:Safety and security are always at the forefront of any project. What security mechanisms do you have in place to ensure client assets are not compromised by hackers?
A4:yes the security is the most important part in the blockchain field. To ensure the security of smart contract and user’s asset, all of our contracts will be seriously audited by audit company, also we will put time lock to every movement of assets, if there is an update, we will inform to the community and delay the actions, to make it sure the assets are in safe place.
Q5:There are so many threats from hackers now, has the MatrixETF smart contract been audited? Is your security system safe for customers?
A5:User’s asset is managed by smart contract, our team has the safest code audit which you don’t have to worry about, at the same time all codes from MatrixETF will be audited by the audit company to ensure the security. You can trust MatrixETF
Q6:MatrixETF will launch Public Offering on 2 IDO platforms. How to participate this IDO? Give us more detail about this.
A6: Sure, According to our partners’ requirement, MatrixETF will launch Public Offering on 2 IDO platforms: Solanium and Bounce.
Solanium
MatrixETF — IDO Timeline (UTC)
Whitelist Start: Sep 16, 2021–2:00 PM
Whitelist Lottery Results: Sep 18, 2021–2:00 PM
== KYC for Whitelist Winners ==
Sale Start: Sep 18, 2021–4:00 PM
Distribution: Sep 24, 2021–10:30 AM
Bounce.Finance
Whitelist : 10:00 AM, Sep 19,2021 —10:00 AM, Sep 20,2021
Sale : 10:00 AM , Sep 21 ,2021–10:00 AM , Sep 23 ,2021
Distribution : 10:30 AM , Sep 24
You can check on the details of MatrixETF IDO on these two articles:
https://matrixetf.medium.com/the-ido-details-of-matrixetfs-token-mdf-d5142850e1df
https://matrixetf.medium.com/matrixetf-ido-participating-guideline-708bed4e5ca2
Q7:Could you explain the details of the Mint/Repurchase mechanism that you will implement for the ETF system and what is the Mint/Redeem feature in MatrixETF?
A7:Mint on MatrixETF is mainly to mint Fund token by single or multi component tokens, otherwise we can burn the fund token, redeem the single or multi component tokens. For the redeem plan we are still working on it, pls stay tuned and we will inform everyone once there is an update.
Q8:How do you think the cryptocurrency game industry will develop over the next few years? What role will MatrixETF role in the development of the crypto game industry?
A8:You know in the last year, GameFi and NFT were becoming popular, however in recent the relevant market cap is still light, in this case GameFi and NFT will have a huge development space in future, the cryptocurrency game industry will keep on the way to grow.
MatrixETF is focusing on the GameFi and NFT field as well, in future we plan to combine NFT with ETFs in MatrixETF strategy, in order to launching valuable NFT collections.
Nowadays we have promoted MatrixETF Genesis NFT collections, we will keep launching NFT products and NFT ETFs, stay tuned and we are coming!
Q9:can I buy your tokens right now and also which wallet support your token?
A9:Even you cannot purchase our token now, well you still can participate our IDO and pre-buy our tokens. After IDO finishing, we will launch tokens on CEX and DEX, at that time you can real buy them. We have tokens both on Solana and ETH, you can freely buy them by your wallet such as MetaMask（ETH）and Phantom（Solnana）
Q10:A project that wants to develop strongly and long-term needs to have its own advantages. So what advantages does MatrixETF have to compete with other projects? What attractive incentives do you have to attract customers?
A10:The innovation of MatrixETF is empowering cross-chain and customized ETF, in the near future there will be SDK toolkit on MatrixETF, that time the professional fund managers, institutions and KOLs can use SDK to create their own ETFs.
The SDK model will allow the fund issuing as simple as Lego, which greatly improve the fund freedom. ETF creators can manager ETFs by a convenient and safe way, also with the extra profit.
Thank you very much for the arrangement of @GagarinCrypto , looking forward to our collaboration in future!
About MatrixETF
MatrixETF is the next generation of decentralized ETF platform to run the cross chain，which goal is to establish a decentralized, automated, personalized and diversified portfolio for users, as well as help users easily enjoy long-term, stable and efficient financial services.
