Matrixswap Announces Official Dates For Its IDO on Cardstarter

(Updated: September 3rd) Matrixswap provides the new economy the ability to trade 25x leverage with infinite on-chain liquidity, free from liquidity provision, on any on-chain asset inside its decentralized multi-chain perpetual swaps trading platform on Polkadot, Cardano, and Polygon.

The team behind Matrixswap, a community-first multi-chain perpetual swaps trading platform, is excited to announce the launch of its Initial DEX Offering (IDO) on September 10, 2021. The IDO is open for registration beginning on September 3, 2021, and will allow users to purchase Matrixswap’s $MATRIX token on Cardstarter.

Overview

If you have been investing in crypto for a while, it’s likely that you’re looking to diversify your portfolio. However, with the lack of derivatives contracts, some investors may feel like they are missing opportunities on the market. At the same time, they wait for centralized exchanges (CEXs) like Binance, Coinbase, and FTX to list several promising altcoins.

The problem is that it can be quite expensive for projects looking to get listed on these CEXs. Additionally, it may take several months for the token to be listed, even if they already have considerable trading volume. Traditional CEXs also doesn’t allow users to take advantage of price movements without having funds locked in an exchange account, subjecting them to counterparty risk from centralized clearinghouses like Bitmex.

And that’s where Matrixswap comes in…

We are building a decentralized protocol for trading perpetual contracts on Cardano, Polkadot, and Polygon. Matrixswap aims to give all users exposure to derivatives for any asset on the market and empower them by unlocking liquidity from multiple blockchain networks, thus achieving capital efficiency. Furthermore, thanks to our virtual AMM (vAMM) design, Matrixswap will support 25x leverage, short positions, zero impermanent loss, and even more liquidity compared to other AMMs on the market today, like Uniswap and Sushiswap.

Our aim is to allow anyone in the world access to futures trading without any barriers or restrictions on participating in this new economy. And since Matrixswap is fully decentralized, everyone can benefit from the project’s transparency, security, and low fees.

By enabling derivatives markets built on top of this protocol, we can unlock new financial products like futures contracts, which were previously impossible due to low liquidity in the underlying assets.

We’ve built our own DEX aggregator along with our main platform, which connects to high-volume AMMs across DOT, ADA, and MATIC networks. The Nebuchadnezzar, our DEX aggregator, will serve as an “Emergency Nuke Button” that allows users to convert multiple or all of their tokens into a single asset with one transaction. We’ve built this feature based on the feedback of several people in our community, and we’re excited to make it available cross-chain.

“We are excited for our upcoming IDO as it’s been a milestone that our community has been anticipating for a long time. We’re honored to have so much support from our users early on and trust that the project will be in good hands in the future.” — Joseph Liu, Project Lead

Matrixswap IDO Details

  • Registration Date: Friday, September 3rd, 2021 (8 AM PST / 3 PM UTC)
  • IDO Date: Friday, September 10th, 2021 (8 AM PST / 3 PM UTC)
  • Price of $MATRIX token: $0.10

Conclusion

The Matrixswap IDO is the next step in our mission to bring a community-first, multi-chain perpetual swaps trading platform for all. To support this initiative we’ve created an Initial DEX Offering (IDO) on September 10th, 2021 and registration begins shortly.

If you’re interested in investing in this project or learning more about it, you can visit our blog and check out our white paper!

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