On September 1st, @fireantconvers(TG) held an AMA in their community with the CTO of MatrixETF(Alan) about our project. Actually this is the first AMA for MatrixETF, surprisingly we got a big success with it. Here we would like to say thank you to @fireantconvers(TG) and all community members, let’s have a look on the recap of our AMA.
There are two sections of this AMA: 7 Prepared Q&A and 2 Online Q&A.
Beginning
Fireantconvers: It’s a pleasure to invite MatrixETF to join our AMA today, welcome Alan ! Could you please briefly introduce yourself and the MatrixETF project?
Alan: Hello everyone, I am Alan who is the CTO of MatrixETF. It’s an honor to be the speaker of AMA in @fireantconvers community this time. To introduce briefly, MatrixETF is a decentralized ETF and cross-chain enabled platform, which provides users with various ETF portfolios and diversified strategies. In order to help users achieve stable, long-term and efficient incomes.
First of all we would like to explain what an ETF is. An exchange traded fund (ETF) is a type of security that tracks an index, sector, commodity, or other asset, but which can be purchased or sold on a stock exchange the same way a regular stock can. An ETF can be structured to track anything from the price of an individual commodity to a large and diverse collection of securities. ETFs can even be structured to track specific investment strategies.
Prepared Q&A
Question 1.
Fireantconvers: Why do we need to use MatrixETF, not other ETF platforms in the crypto market? Are there big differences?
Alan:As we know MatrixETF is a cross-chain enabled decentralized ETF platform, we will launch more hot concept ETFs through which users can obtain a basket of tokens. Compared to purchasing a single Token, purchasing an ETF can not only reduce investment cost by tracking crypto market and lower investment threshold, but also decrease investment risks.
Compared with other crypto ETF platforms such as PieDAO/PowerIndex/NFTX, the common point is an ETF backed by real assets to support Aggregate Vault income.
However the advantages of MatrixETF are focusing on:
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.
Question 2
Fireantconvers: There is more Matrix NFT news than MDF token news on Matrix ETF’s homepage, so I can’t find enough news for MDF token. Could you please introduce the advantage or purpose of holding MDF tokens?
Alan: 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.
Question 3.
Fireantconvers: MatrixETF has five layers, normal, rare, super rare and ultra rare. What are the unique features in each tier?
Alan: There are 5 tiers of MatrixNFT based on rarity and value:
- NORMAL（N）
- RARE（R）
- SUPER RARE（SR）
- SUPER SUPER RARE（SSR）
- ULTRA RARE（UR）
The higher rarity is, the smaller possibility of NFT generation.
The utility of NFT is determined by the properties of NFT. From the original intention of MatrixETF designing NFT, the higher the rarity of the NFT, the stronger its functional attributes. For example, the rarity of the legendary (UR) may have functions such as improving mining efficiency and obtaining ETF rewards. Other common functions also include Obtain platform revenue, obtain airdrops, obtain membership levels, discount handling fees, etc. These functions may appear on SSR, SR and other rarity NFTs.
In September, MatrixETF will release a mysterious section of NFT, please stay tuned and be patient.
Question 4.
Fireantconvers: Most believe that ETF products are less profitable but more stable and safe, do you think MatrixETF has the same features? or it’s different from common ETF type?
Alan: Well the returns of ordinary passive ETF products are relatively balanced, which conforms to the logic that risk is proportional to return. The passive ETF products launched by MatrixETF also have such characteristics.
The goal of MatrixETF is to build a decentralized, automated, and diversified ETF investment portfolio to simplify the threshold for investors to enter the crypto market and easily achieve long-term and stable wealth growth.
In addition, MatrixETF also provides additional product types and aggregate revenue models.
For example, the active ETF mentioned above, which is managed by a professional investment institution, can help users achieve more flexible investment income such as asset hedging and high-frequency quantification.
Another example is NFT funds. MatrixETF will issue index funds for star NFTs. While tracking market hotspots, it also makes it easier for ordinary users to participate in the NFT market.
Question 5.
Fireantconvers: MatrixETF has a great background(partners/investors) and a light market cap. But still, The latest trend is where the public sale is really important. Where is the public sale scheduled?
Alan: That’s right MatrixETF has a great background with investors and partners and a light market cap, pretty similar to the Solana ecosystem with a strong development potential trend.
We planned to launch IDO(more than 1 IDO platforms) before the end of September, for the exact IDO time and IDO platforms please follow our website, we will share the update on time in the community of @fireantconvers (TG).
Question 6.
Fireantconvers: Is there an incineration or buyback model in token economics? Token value is important to investors.
Alan: Yes we have the buyback model on MatrixETF, Users can redeem and Mint in our platform, the tokens can be an incineration with value.
Question 7.
Fireantconvers: How can I get NFT?
Alan: Users can participate in activities and buy an ETF to gain NFT, everyone has the opportunity to gain NFT.
Fireantconvers: All prepared pre-questions are finished. It’s time for field questions. I will melt the chat room for a while to gather Live questions. ‘ll melt the chat room for a second.
Online Q&A
Question 1
Fireantconvers: Are there any additional partnerships planned by Matrix ETF? A good partnership increases the company’s growth expectations.
Alan: Our investors include Spark Digital Capital, CMS Holdings, Morningstar Ventures, Ascensive Assets ,Divergence Ventures ,GBV Capital, Solana Eco Fund(Established by MXC & OKEX), Moonrock Capital, AU21 Capital. Here we would like to thank all the investor institutes.
Question 2
Fireantconvers: I think it might be a little unfamiliar with Matrix’s ETF. Could you briefly explain about ETF?
Alan: Totally understand. Here I would like to explain MatrixETF briefly:
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. We are a decentralized ETF with cross-chain enabled platform.
Ending
Alan: Thank you very much for your attention, thanks for the invitation and translation! @fireantconvers (TG).
We will publish more functions and activities such as Airdrop this month, please stay tuned and keep following MatrixETF.
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.
