MatrixETF AMA with @MoonBootsCommunity
On September 15th, MatrixETF was pleased to be invited by @Moonboots_AMA to join their AMA, location:@MoonBootsCommunity. Alan-CTO of MatrixETF was the speaker. Thanks everyone for joining this AMA. There were 12 questions having been referred to MatrixETF, we have done great in this activity. There are $200 prizes up for grabs. Win 1 of 4 50 dollar prizes just by sharing with your friends and learning a little about MatrixETF, here is the link to grain rewards.
Q1: Can we please start off with an introduction of yourself -
for both your traditional work experience, and your blockchain background?
Also, if there’s anything you can tell us about the team.
A1: Hello everyone, it’s a pleasure to be here. I am Alan — -CTO of MatrixETF, thanks for the invitation!
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.
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.
Q2: Now can you please give us a high- level overview of the description of the Matrix ETF project?
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.
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: The ‘One Click’ investment option, how does that work? Is there a breakdown of what assets are in the ETF?
A3: 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?
In future we will have ETF products including: GameFi ETF、Solana ECO ETF、DeFi ETF、CEX ETF、Public Chain ETF etc.
Q4: The Personalized fund, is this geared towards a more ‘savvy’ investor, who’s more knowledgeable about the crypto market? Would a person who’s not familiar with crypto want to go with a personalized fund?
A4: Well MatrixETF is not only gearing towards investors, but also ordinary users who’s not familiar with crypto. Our target market is all crypto users no matter their crypto level. You can have a look at the picture below:
The left is Buying users who are general crypto investors, the right is Professional investors such as fund managers, invest institutions and KOLs, who can use SDK toolkits to create their own ETFs.
The users who are not familiar with crypto, can buy what they think are good on our platform. They can use the SDK toolkit to create the personalized funds when it’s necessary.
Q5: If its decentralized, then are you storing the ‘etf’ token in your own wallet?
A5: Good question.
The buy/sale of ETF is through smart contract, this is the basis of decentralization.
Meanwhile users will buy ETFs by USDT/BTC assets, which will be deposit in the decentralized accounts instead of MatrixETF own wallets, MatrixETF only have the management right on users’ assets, but no right for withdrawing or changing. You don’t have to worry about your assets on MatrixETF, it’s free, safe and controlled by smart contract.
Q6: Who would be your closest competitor and what differentiates you from them?
A6: 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.
Q7: What blockchain(s) are you currently targeting?
A7: 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.
Q8: Are there any kind of partnerships is Matrix is looking at that will help it grow?
Also, would it be beneficial to look outside of crypto projects, more mainstream to offer ETF options to “normies”?
A8: As you know MatrixETF has quite a few partners such as Polygon, Gate.io, Chainlink, PARSIQ, MXC,OKEX etc. For our future partner we are looking for sales and marketing collaboration, such as Heco，Avalanche，Near, BSC，Okchain. who we are on the way to communicate with, and we will have collaboration with Chainlink about technology, also we will cooperate with high-volume KOLs on co-marketing and other cooperation.
I think it’s a good suggestion, the purpose of MatrixETF’s development of decentralized ETF products is to try new ways to realize innovative financial products. Therefore, in addition to the cryptocurrency market, we have also been thinking about how to integrate with traditional finance, such as adding stock index ETFs to products. At the same time, we have also established contacts with financial practitioners in universities in Canada and the United States. They may become our consultants and give us more suggestions and opinions.
Q9: So to make sure I understand correctly, the ETF’s can be focussed on area of interest, like “DeFi, NFT/Games”..etc?
A9: exactly, as we 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.
MatrixETF will launch several ETFs that are designed to track the performance of high-quality tokens in the blockchain and DeFi industry.
As the pic below, you can see our ETF products include NFT Game concept and DeFi Concept etc.
Q10: What are some of your DeFi options?
A10: There are several DeFi options on MatrixETF such as
DAO governance, DEX model，Lp pool, Cross-chain, Customized ETF creation, NFT, Aggregate Vault, DeFi derivatives etc.
Q11: What are some of your future plans and most important features for members to know about your project?
A11: There are 4 phases on MatrixETF product development:
Phase1：Platform Self-created Funds
Phase2：Support for Adding Derivatives
Phase3：DAO Community Governance
Phase4：MatrixETF Components
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.
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.
We I can tell you the we will do 3 more significant stuffs in the near future:
- Launching IDO and listing Token sale
- Announcing an Active ETF with the hotspot on investment market
- Launching a mysterious function before or after IDO
The most important features for members to know MatrixETF are:
Cross-chain enabled, Decentralized, Buyable and redeemable, ETF customized, Aggregate Vault, SDK toolkit.
Q12: Please feel free to share any links you would like to with our community before we wrap up.
A12: Thank you very much for your arrangement! It was a great time to be here! Here are the official social medias of MatrixETF:
Website/Twitter/Medium/Telegram Official/ Telegram News Channel/Github
This AMA has been successfully done with the effort of @MoonBootsCap! Looking forward to hearing more about our collaboration.
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.
