MatrixETF AMA with @KoinSaati
On September 18th, MatrixETF was pleased to be invited by @KoinSaati to join their AMA, TG location:@KoinSaati. 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 7 Intro Questions and 5 Online Questions. Congratulations to the 5 lucky winners who can gain $50each, the total rewards are $250 offered by both MatrixETF and @KoinSaati.
Intro Questions
Q1- Can you tell us what was the motivation that inspired you to start the MatrixETF project?
A1: Hello everyone, thanks for having me here.
Sure, first of all 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.
The reason why we start MatrixETF, is based on we get to know an exchange traded fund (ETF) is a type of security that tracks an 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 is free and flexible into a portfolio.
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.
We thought it’s quite interesting and innovative to combine DeFi conception with ETFs, Users can buy a basket of tokens with one click on MatrixETF instead of buy single token one by one, in this way it’s convenient for users and reducing the handling fees, lower the investment threshold, and you can track the trend on cryptocurrency market without doing complicated research, in addition it will distribute the investment risks for users.
Therefore users operate one click with a dozen kinds of tokens equalited, is it convenient and simple right?
Q2- Can you talk about the concept, mission and contributions of the MatrixETF project to the development of the crypto world?
A2: MatrixETF is the next generation of decentralized ETF platform supporting cross chain.
Its aim is to establish a decentralized, automated, personalized and diversified ETF portfolio to lower the bar of the cryptocurrency market for ordinary investors, and help them obtain diversified strategic returns through more convenient operation process and more efficient portfolio allocation, so as to achieve long-term and stable wealth growth.
the concept:
MatrixETF’s aim is to establish a decentralized, automated, personalized and diversified ETF portfolio to lower the bar of the cryptocurrency market for ordinary investors, and help them obtain diversified strategic returns through more convenient operation process and more efficient portfolio allocation, so as to achieve long-term and stable wealth growth.
mission and contributions :
Along with the new concepts such as DeFi, GameFi, NFT showing up, the ecosystems of ETH, SOL, BSC are becoming richer and richer, the crypto market has gradually transitioned from the previous POW farming/trading to more application scenarios and development stages.
The crypto market asks higher professional requirements to ordinary users, this is why we promote DeFi ETF to track crypto market by packing the component tokens and bring the safe & convenient investment choice to users, which allows the market to gradually shift from previous speculation to valuable, longterm, stable investment, to promote the steady development of the entire crypto market.
Q3- Can you tell us what the difference is between traditional ETFs and MatrixETF, and what are the pluses compared to your competitors providing similar services?
A3: Compared to the traditional ETFs, which conforms to the logic that risk is proportional to return. Well MatrixETF is a kind of active ETF portfolio, which is managed by a professional investment institution, can help users achieve more flexible investment income such as asset hedging and high-frequency quantification.
In addition, MatrixETF also provides additional product types and aggregate revenue models. For example, the active ETF mentioned above, 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, which never happened in the traditional ETF world.
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.
Q4- As MatrixETF, what kind of selection process do you go through when choosing a project? Is it chosen by a panel of experts or is it put to a vote in the community?
A4: To be honest, in the beginning we decide the path by our experts and investors, you know we need professional advice when everything starts.
However in the near future, the ordinary users, especially who is holding MDF( our governance token)will have the right to Vote and Governance our 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.
Q5- Can you tell us what kind of action plans you have in order to reach a wide audience and make your voice heard?
A5: We have cooperated with quite a number of high volume influencers such as @ErkanG1, and with several well-reputed investors & investment institutions 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.
MatrixETF will keep focusing on ETF products with innovative technology and concept, which allows users to gain stable and long-term profits and enjoy the DeFi ecosystem.
In addition we have a strong Marketing team and Technical team who started over with attractive rewarding activities such as Airdrops, Testnet, NFT Collections and mysterious functions etc. Thanks to all of their hard work on co-marketing, we can be heard from the world and gain a wide audience.
Q6- What kind of security does MatrixETF offer us in the financial world? What security steps do you use to choose a reliable project?
A6: First of all, choosing an ETF fund is a method to distribute risks.
Secondly, we have our own unique and rigorous method to composite ETFs, which is generated based on a unique weighting method set by MatrixETF, and the fund shares are supported by a basket of token assets.
The picture below is the DeFi ETF concept composition example. We choose the component tokens by a strict selection and scoring system, which is safe and reliable for all users.
In future we will move the ETF governance rights to our community, more qualified community users can participate in the product governance such as important ecological components (including interest rate, introduction of new assets, handling fees, etc).
In the end, our products will be audited through a code audit company, which will ensure the code security and reliability.
Q7- What is the role of the MatrixETF token, the MDF Token, in the ecosystem? What kind of advantages and privileges do you offer to users who have MDF tokens?
A7: 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.
Online Questions
Q1:I see your $MDF token will only be on Ethereum and Solana. Does Ethereum have plans to switch to different networks in the future due to high gas fees?
A1: Yes, we are always paying attention to the problem of high ETH handling fees. We are currently in active contact with polygon, BSC, Arbitrum etc., and we have considerations and plans for deployment in other networks.
Q2: 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?
A2: Yes, we have taken into account the feedback and needs of the community. The MatrixETF project was created to meet the diverse investment needs of community users. Through the form of ETFs, users can invest in ETFs with one click to invest in a basket of encrypted assets, enjoying stable returns and extremely low processing fees.
In addition, we have organized a wealth of community activities, including testnet public testing activities, community airdrop activities, Genesis NFT Drop etc. to give back to the users in the community.
In future we will continue to build our products based on community feedback.
Q3: As You planned to launch the IDO on two of the Platforms
*Bounce & *Solanium
How will these two platform help MatrixETF platform?
Why did you planned for two platforms?
A3: The reason for choosing two IDOs is that we feel that we have our own user groups on Solana and Ethereum, and we need to take into account these two ecosystems.
Among them, Solarium provides us with a lot of Solana user traffic, and Bounce provides us with a user base of the Ethereum DeFi ecosystem, which will support us in the future ETF products online.
For specific IDO details, you can follow our official 2 articles:
https://matrixetf.medium.com/the-ido-details-of-matrixetfs-token-mdf-d5142850e1df
https://matrixetf.medium.com/matrixetf-ido-participating-guideline-708bed4e5ca2
Q4: I heard there are 200,000 MDF MatrixETF Token Airdrop Events. Do you plan to do other airdrops to reward the community? When will $MDF be available on DEX or CEX?
A4: Yes, we will actively carry out various airdrop activities of token and nft according to the development of the project and community users. In the future, we will unite more high-quality projects to airdrop more high-quality assets to our users. At present, you can follow our IDO activities and snap up IDO qualifications. Before the end of this month, we will launch some DEX and CEX, pls stay tuned with us!
Q5: What is the main Benefits for ETF creators for the Customized ETF?
How does MatrixETF help them?
A5: Through our SET components and DeFi tools, ETF creators can build custom ETF fund portfolios, obtain fee income, ETF fund management fees, community user support and voting, etc. If the custom ETF performs well, it will be recommended by the platform And cooperation, to bring various forms of cooperation and benefits to Creators.
Our SET component aims to give ordinary users and professional users the opportunity to create their own ETF portfolio, combine DeFi through components, participate in DeFi and obtain benefits, including lending, Farming, governance, insurance, and various strategies, etc.
Thanks for the invitation and arrangement by @KoinSaati ! Looking forward to having 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.
