MatrixETF AMA with @GCryptochat
On September 13th, MatrixETF was pleased to be invited by @GCryptoBen to join their AMA, location:@GCryptochat. Alan-CTO of MatrixETF was the speaker. The community members and the host were welcoming, thanks everyone for joining this AMA. There were 2 parts of AMA with 3 Intro Questions and 8 Online Questions. Congratulations to the 8 lucky winners who can gain $18.75 each, the total rewards are $150.
Intro Question Part
Q1. Can you introduce yourself to Generation Crypto community? What is your background and how did you come to the idea to create MatrixETF?
A1：Hello everyone, I am Alan, CTO of MatrixETF. It’s a pleasure to be invited by the Generation Crypto team to join this community AMA. 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.
The idea to create MatrixETF has been around since when I got to know about the ETF: An exchange traded fund (ETF) is a type of security that tracks a 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. People can get a basket of qualified token assets with only one click, no need for researching tokens or tracking the hotspots in the market. Well in this case we thought it would be interesting if we can combine the ETF with the DeFi concept, definitely it’s a trend in safe, convenient and stable asset management, which is quite easy for ordinary users.
Q2. Can you briefly describe what is MatrixETF in 3–5 sentences? And what is your Mission and Vision?
A2：Sure, 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 a cross-chain enabled platform.
There are 4 phases on MatrixETF product development:
Phase1：Platform Self-created Funds
Phase2：Support for Adding Derivatives
Phase3：DAO Community Governance
Nowadays MatrixETF is in the first phase, in the future we will promote more conceptual ETF to track high qualified Tokens in the DeFi industry.
In the phase 3 to 4, we will gradually hand the governance right to our community, at the same time, MatrixETF will provide SDK toolkits to professional fund managers & institutions and influences, in order to create their own ETF.
This modular SDK can greatly improve the fund freedom, and ETF creators can efficiently manage funds and gain extra incomes by using this toolkit to invest in the DeFi ecosystem.
Recently MatrixETF has deployed smart contracts on both Solana and Ethereum, and we have successfully done our first phase of testnet. We planned to officially launch more than 2 ETF products before the end of September, which include 1 Ethereum based ETF and 1 Solana based ETF. In future we will deploy products on more public chains such as BSC、Polygon、Near in order to meet more users’ investment demands.
MatrixETF’s Vision: MatrixETF is a cross-chain enabled and decentralized ETF platform, our goal is to achieve decentralized and stable wealth growth. MatrixETF will provide users with various and automated ETF portfolios to lower the threshold of crypto investment and realize financial implementation.
Q3. Can you name your competitors? What are the main competitive advantages of MatrixETF?
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 Question Part
Q1：While you build your project, do you take into account community feedbacks and demands?While you build your project, do you take into account community feedbacks and demands?
A1： yes, when we built MatrixETF, we focused on the feedbacks and needs from community. The goal of MatrixETF are meeting various asset requirements and lower the threshold of crypto market. Once we officially launch our project online, we will consider to open DAO community which will approve users to governance MatrixETF by themselves, users can vote and proposal to participant in governance MatrixETF, and decide our important directions. Thanks
Q2: 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?
A2:That’s absolutely the crypto game will be a great success in the few years of crypto market. We keep the close relationship between investors and institutions, keep our communications openly in order to launching crypto game relevant fund in short-term, and have deep cooperation with crypto game in the long-term.
Q3:Tell us a little bit about security? Have you done an audit of the platform? Are the smart contracts error-free? What are the test results?
A3: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.
Nowadays we are connecting the code audit companies for auditing our APP and smart contracts, we will inform you once there is a update about it. Meanwhile, after launching the products, we will start over Bug rewarding in the community, in this case more users can try our products and find bugs by feedback to us.
Q4:How do you plan to spread awareness about your project in countries/regions where English is not spoken well like Indonesia, Vietnam, India, Bangladesh and Iran, do you have local communities for them to make them better understand about your project?
A4: Recently along with the increase of followers in MatrixETF community, we found there are Korean, Germany, French audience coming inside. We have hosted several AMAs for different nationalities. In future we will open different languages talking communities for the various regions of users.
Q5: What is the role of token in the ecosystem? Where can users currently buy it, and what would be its use?
A5: Our governance tokens(MDF) will be significant in our ecosystem which includes farming, voting, purchasing funds even collateral token and customize personal funds etc… Since now we haven’t open to purchase tokens, cuz we are on the way to be audited. After IDO launch before the end of this month, all users can buy IDO, and we will launch MDF to DEX and CEX, at that time MDF will be more valuable. Users can get the initial listing to get extra income.
Q6: Do you have a Token Burning plan to increase Token value and attract Investors to invest?
A6: Right we have the incineration burning token system, planning with using part of profits to redeem MDF and realize our token economic model.For sure all the functions on MatrixETF including purchasing ETFs, NFTs, GameFI investments, trades, Staking etc.. all providing the utility and value of Tokens.
Q7: COVID 19 has slowed down many economies around the world but as a crypto business, does it affect you negatively or positively? Are you still on track to achieve your goals or are you planning a new development?
A7: Indeed there were impact on MatrixETF of COVID-19, however our technical team is strong enough to handle all the difficulties, also we have tough operation team with high-qualified communication skills and operation skills. We are still on our way to set up long-term technology plan such as Farming, Pool. NFT Funding, Customized portfolios etc. Keep your eye on us and stay tuned, we are coming!
Q8: Do you have tutorial videos so we can get to know your project more clearly or do you have a YouTube channel or something? can you share it with us?
A8: Good question, we do not have a Youtube channel yet, but we have guide book to teach users how to operate all of MatrixETF functions, you can have a check on this article below:
Also we have FAQ article to explain frequent questions of users:
Some of our community members have made operation videos on Youtube, you can search for it on Youtube. In future after the products have been launched, we will sure to create some videos for users, please stay tuned and be patient. Thank you!
This AMA has been successfully done with the effort of Suzy and Ben, thanks for @GCryptochat（TG) arrangement! Looking forward to hearing more about our collaboration.
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.