Road Town, British Virgin Islands, September 23, 2024, Chainwire

The token is now available on CEXs Gate.io and MEXC as well as DEX Jupiter.

Matrix One, the decentralized protocol accelerating the development of human-like AI characters, is excited to announce the successful launch of its native token $MATRIX. The $MATRIX token, which went live on September 17, is now available for trading on leading cryptocurrency exchanges Gate.io, MEXC, and Jupiter, following sell-out Initial DEX Offerings (IDOs) on several platforms, including Seedify, ChainGPT, Eesee, SeaPad, and WeWay Launchpad.

Token utility and ecosystem integration

The $MATRIX token serves as the cornerstone of the Matrix One ecosystem and provides several utility functions for various decentralized applications (dApps) built on the protocol. The token’s key utilities include:

• Service subscription model: Stakers of $MATRIX will get free access to premium features in dApps like Avatar.One, which already has over 500,000 active users. Upcoming features include use cases for 3D AI characters such as AI assistants, traders, teachers, and personal shoppers.
• Findability of characters on the marketplace: Users can stake $MATRIX tokens to increase the visibility of certain characters, reflecting their perceived quality and potential demand. Additionally, $MATRIX can be used for commission-free trading on Character.One. The first AI characters are brought to the Solana chain.
• Monetization of content: Developers of on-chain AI characters can tokenize their creations and earn $MATRIX tokens through engagement from other users and applications. This promotes decentralized ownership and monetization of AI characters.
• DAO Management: $MATRIX holders can participate in governance decisions, including the development of new dApps and protocol upgrades within the Matrix One ecosystem.
• Dynamic character upgrades: Tokens can be used to unlock or upgrade character traits such as skills, animations, enhanced memory, high-quality rendering, or other gameplay enhancements.

Token offering and distribution

The total supply of $MATRIX is capped at 10 billion tokens, with 164,525,000 tokens in circulation immediately after the TGE. The distribution of the total supply is as follows:

• Community: 25%
• Seed round: 16.93%
• Main contributors: 15%
• Staking rewards: 11.85%
• Liquidity: 10%
• Public sale: 6.38%
• Private rounds: 1.62%
• Computing power (treasury): 4%
• Airdrop: 4%
• Strategic round: 3.33%
• Marketing and partnerships: 1.89%

Market and stock exchange quotations

Since the token launch, $MATRIX has been actively listed on Gate.io, MEXC and Jupiter. Market cap information is available in real time here on Dextools.

Achievements and milestones

Matrix One already hosts a functional dApp, Avatar.One, which has over 500,000 active users. In addition, more than 100,000 Solana wallets are registered in the ecosystem, reflecting the increasing adoption of Matrix One technology.

About Matrix One

Matrix One is a decentralized platform dedicated to revolutionizing the interaction between users and AI-powered characters. Through its ecosystem of dApps, including Avatar.One, Matrix One leverages blockchain technology to offer decentralized ownership, monetization opportunities, and community-driven management of AI-generated characters. With a rapidly growing user base and innovative use cases, Matrix One aims to bridge the gap between AI and blockchain by enabling users to create, interact with, and manage dynamic virtual characters.

contact

Mark Studholme
Matrix One
(email protected)