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Matrix One Successfully Launches $MATRIX Token on Cryptocurrency Exchanges

Sep 23, 2024
  1. Token Utility and Ecosystem Integration
  2. Token Supply and Distribution
  3. Market Listings and Achievements

Matrix One officially launches its native token $MATRIX, now available for trading on leading cryptocurrency exchanges Gate.io, MEXC, and Jupiter.

Token Utility and Ecosystem Integration

The $MATRIX token serves as the cornerstone of the Matrix One ecosystem, offering multiple utility functions across various decentralized applications (dApps) built on the protocol. Key uses of the token include: * **Service Subscription Model**: Stakers of $MATRIX gain access to premium features in dApps such as Avatar.One, already boasting over 500,000 active users. * **Character Marketplace Discoverability**: Users can stake $MATRIX tokens to enhance the visibility of specific characters. Additionally, $MATRIX can be used for commission-free trading on Character.One. * **Content Monetization**: Creators of AI characters can tokenize their creations and earn $MATRIX tokens through engagement with other users and applications. * **DAO Governance**: $MATRIX holders can participate in governance decisions, including the development of new dApps and protocol upgrades. * **Dynamic Character Upgrades**: Tokens can be used to unlock or upgrade character traits such as skills, animations, and memory.

Token Supply and Distribution

The total supply of $MATRIX is capped at 10 billion tokens, with 164,525,000 tokens circulating immediately following the TGE. The distribution of the total supply is as follows: * Community: 25% * Seed round: 16.93% * Core contributors: 15% * Staking rewards: 11.85% * Liquidity: 10% * Public sale: 6.38% * Private rounds: 1.62% * Compute (treasury): 4% * Airdrop: 4% * Strategic round: 3.33% * Marketing and partnerships: 1.89%

Market Listings and Achievements

$MATRIX is actively listed on Gate.io, MEXC, and Jupiter. Market capitalization information is available in real-time on Dextools. Matrix One currently operates the dApp Avatar.One with over 500,000 active users and more than 100,000 Solana wallets registered within the ecosystem.

Matrix One continues to innovate in the field of AI and blockchain interaction, empowering users to create, engage with, and govern dynamic virtual characters. The launch of the $MATRIX token marks a significant milestone for the platform.

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