Matic - Scalable and Instant Blockchain Transactions

Scalable, secure and instant blockchain transactions using sidechains, while ensuring asset security using the Plasma framework and a decentralized network of Proof-of-Stake (PoS) validators.

STO/ICO Status

Status
Successful
Symbol
MATIC
Start Date
2019-04-25
End Date
2019-04-27
Hard Cap
5,000,000 USD
Initial Price
1 MATIC = 0.000119 BNB
Token Supply
10,000,000,000
STO/ICO Website Owner of Matic?
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Basics

PlatformEthereum
TypeERC20
AcceptingETH
Circulating SupplyN/A
KYCKYC
Restricted AreasN/A
HomepageWebsite URL
White PaperView/Download

About

Matic Network strives to solve the scalability and usability issues, while not compromising on decentralization and leveraging the existing developer community and ecosystem. It is an ​off/side chain scaling solution for existing platforms to provide scalability and superior user experience to DApps/user functionalities. 

We have chosen Ethereum as the first platform to showcase our scalability and we already have a working implementation for Ethereum on Kovan Testnet. It allows instant transfers, exchange and conversion of digital assets (e.g. crypto tokens) and cryptocurrencies in future (Bitcoin using other stable coin protocols). It’s an adapted implementation of Plasma framework for Ethereum to start with, but our “vision” is to provide off/side chain scaling solution for blockchains in general. Matic foundation intends to provide Matic wallet, payment APIs & SDKs, products, identity solutions and other enabling solutions that will allow developers to design, implement and migrate DApps built on base platforms like Ethereum. One of the key pillars of Matic Network’s ideology is user experience which is very poor for Blockchain applications as of now. Matic Team has already built high quality user experience Mobile/Web browser libraries which will enable businesses to create real world end user applications on a large scale. Matic roadmap also includes supporting cross-chain transfers and third party Decentralized exchanges, liquidity pools etc.`

Team

Jaynti Kanani
Jaynti Kanani
CEO & Co-Founder
Anurag Arjun
Anurag Arjun
CPO & Co-founder
Sandeep Nailwa
Sandeep Nailwa
Co-Founder & COO