This article has intention for explaining what Matrixchain (MAN) is, what problems MAN promises to solve and review Matrix ICO which had been sold out in just no time after opening.
Let start with the quick reviewing Matrix ICO
Initially, Matrix announced that Public sale starts on Jan 16. However, when at the time on Jan 16, on telegram channel, Matrix admins announced due to the malicious attacks, the Public sale now move to 03.00 Jan 17 (UTC). Then at 03.00 Jan 17 (UTC), the login part of website allowed users to log in to purchase. But most of users was unable to purchase any MANs token. After within couple mins, all of MAN Token has been sold out. The Matrix team claimed to receive 13227.5 ETH with 212 Transactions. So very few real normal users was able to participate in this ICO as their is no limited cap for each users.
You can check the Contract address and see there were many big purchases (around 1k ETH). Many think that the Contract address has been leaked before 03.00 (the time that users can login and send ETH to Address). To me, it seems that this ICO had served for the Whales only with the possible assist from Matrix. Normal users like us with tiny capital, now have to buy MANs on exchange in next months with the price probably x5 at least, I guess.
So why this ICO attracted so much people to flood in? What made Matrixchain outstanding from existing Blockchain Platforms?
Firstly What is Matrixchain?
"Designed to be the new generation blockchain, MATRIX leverages the latest artificial intelligence technology to resolve the abovementioned challenges" (Matrix Technical White Paper).
So Matrixchain claims to be the new generation blockchain and they will utilize AI (artificial intelligence) to solve the current issues in blockchain platforms which are Scalibility, Security in Smart Contract, Programming barrier of smart contracts, and inflexibilities in managing and updating blockchains.
The keyword making Matrix different is AI (artificial intelligence). Till now, DeepBrain Chain is the only blockchain platforms that currently working with AI. Hence, the market of blockchain platform leveraging AI is hot right now. Especially, investors now look for the projects with the ambitious goal and applying new tech like AI.
What Matrixchain advantages that convinced me ?
Their Blockchain Platform with AI
- Solving Scalibility by using Hybrid PoS + PoW consensus
- Code Generation for Smart Contract. This features bring more users to build dapps on blockchain as Matrix only requires users to input some common information such as type of contract, transaction conditions, etc then the system will generate the code based on the basic transaction pattern. That means users do not need to code.
As usual, all statements in this article is purely from my own research and opinion. It is neither investing recommendations nor financial advice. Do you own research and look at as much as information as possible.
Sources:
- Website: http://www.matrix.space/
- White Paper.