• bitcoin
    BTC$29,395.00
  • ethereum
    ETH$1,847.28
    • ICO_LIST_icon_flow

    CryptoPotato score

    8.7/10

    MATIC Network (Polygon)

    Scalable and instant blockchain transactions; Matic Network brings massive scale to Ethereum using an adapted version of Plasma with PoS based side chains. Matic Network ("Matic" or "the Project") is a layer-2 scaling platform that enables fast, easy and secure off-chain transactions for not only payment transactions, but also generalized off-chain smart contract.
    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. The Matic Network solves this problem by using a high throughput blockchain with consensus provided by a selected set of Block Producers, chosen for every checkpoint by a set of Stakers.
    Token will be used for the payments, transactions and for utility purposes across the platform.

    Matic Review and Rating

    Matic Review and Rating
    8.7

    Team

     7.7/10

    Stage of The Project

     8.4/10

    Project Potential

     9.1/10

    Token-Use

     8.8/10

    Token Sale Terms

     9.2/10

    White Paper

     8.4/10

    Technology

     8.8/10

    Community

     8.8/10

    Pros

    • Market penetration: Solid partnerships with multiple organizations in the blockchain space. Some of the partnerships, specially Decentraland, and Quarkchain can have a significant effect in terms of mass adoption.
    • Binance Launchpad sale: The Matic Network sale will be conducted on the top of the Binance Launchpad; this has already proven itself to be a significant advantage with the latest token sales of Celer Network, Fetch.AI, and BitTorrent.
    • Use-case: Matic’s Layer 2 scaling solution not only supports payments but smart contracts too. This along with Matic’s compatibility with other blockchain systems has a great potential for the project’s use-cases.

    Cons

    • Competition: Multiple off-chain scaling solutions are present in the crypto space, including the Lightning Network.
    • Team and Advisory Board: Even though the CEO of the project has the right experience and skills (he is a Core contributor to Plasma MVP implementation) most of the team doesn't have blockchain background and abilities. Regarding the advisors, we don’t see any real technical advisors who can have a significant contribution to the project.
    To the Full Evaluation

    IEO Ended

    26 Apr 2019

    Total raised
    $5,000,000 / $5,000,000

    Token: MATIC

    Token type: ERC-20

    ICO price: 1 MTX: $0.00263 USD

    Finite token number: 10,000,000,000 MTX

    Token Allocation: Private Sale: 3.80%, Launchpad sale: 19%, Team: 16%, Advisors: 4%, Network Operations: 12%, Foundation: 21.86%, Ecosystem: 23.33%

    Status: Whitepaper is ready.

    Accepted currencies:: ETH

    Max Number of Winning Lottery Tickets : 16,666

    Allocation Per Winning Ticket : 300 USD (114,068.44 MTX)

    Seed round
    50% unlocked in the first month of TGE, remaining 50% unlocked in the seventh month

    Cap: $165,000 USD
    1 MTX = $0.00079 USD
    Amount raised: $165,000 USD

    Early Supporters sale
    50% unlocked in the first month of TGE, remaining 50% unlocked in the seventh month

    Cap: $450,000 USD
    1 MTX = $0.00263 USD
    Amount raised: $450,000 USD

    Public sale (Binance Launchpad)

    Date: Apr 24 - Apr 26
    Launchpad Allocation: 1,900,000,000 MATIC (19% of Total Token Supply)
    Cap: $5,000,000 USD
    1 MTX = $0.00263 USD
    Token Distribution: Within 15 days after end of token sale

    Community

    Twitter

    Telegram

    Project Links

    Website
    Whitepaper
    Github
    Facebook
    Youtube
    Linkedin
    Medium

    Team Members

    Matic Team

    Jaynti Kanani

    Co-founder & CEO

    Matic Team

    Sandeep Nailwal

    Co-founder & COO

    Matic Team

    Anurag Arjun

    Co-founder & CPO

    Matic Team

    Siddhartha Jain

    VP - Operations & Marketing

    Matic Team

    Delroy Bosco

    Project Manager

    Matic Team

    Nirbhik Jangid

    Growth Hacker & Community Manager

    Advisory board

    Matic Team
    Founder & CTO at Decentraland

    Esteban Ordano

    Advisor

    Matic Team

    Pete Kim

    Advisor

    Matic Team

    Ari Meilich

    Advisor

    Partners

    Coral Protocol logoDecentraland logoMakerado logoZebi logo

    Investors

    Coinbase Logo

    Disclaimer: All ratings published on CryptoPotato are for informational purposes only. CryptoPotato does not provide investment forecasts, recommendations or consulting. Thus, neither CryptoPotato nor its writers can be held responsible for its visitors’ investment decisions. CryptoPotato is not affiliated with and does not endorse or sponsor any listed token sales. CryptoPotato may receive a fee for advertising certain token sales, in which case it will be designated and marked accordingly. CryptoPotato may receive a fee for conducting due diligence before listing, rating and/or evaluating a token sale. CryptoPotato will never accept a fee in exchange for a certain rating score and/or evaluation for token sales. Full disclaimer

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