{"id":11861,"date":"2021-08-31T22:35:03","date_gmt":"2021-08-31T19:35:03","guid":{"rendered":"https:\/\/esatoshi.club\/?p=11861"},"modified":"2021-08-31T22:35:06","modified_gmt":"2021-08-31T19:35:06","slug":"matrix-x-satoshi-club-ama-recap-from-31st-of-august","status":"publish","type":"post","link":"https:\/\/satoshi-club.esipick.com\/index.php\/2021\/08\/31\/matrix-x-satoshi-club-ama-recap-from-31st-of-august\/","title":{"rendered":"Matrix x Satoshi Club AMA Recap from 31st of August"},"content":{"rendered":"\n

Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Matrix and our guests were @josephliu03 – representative of Matrix. The AMA took place on 31st of August.<\/a><\/p>\n\n\n\n

The total reward pool was 500$ and has been split into 3 parts.<\/p>\n\n\n\n

In this AMA Recap, we will try to summarise the most interesting points for you.<\/p>\n\n\n\n

Part 1 \u2014 introduction and questions from the Website<\/h2>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
\nGreetings dear Satoshi Club❤️<\/p>\n\n\n\n

Paul Mont | Satoshi Club:<\/strong>
\nHello Satoshi Clubbers! Today we are excited to announce our AMA session with\nMatrixSwap! 😄😀<\/p>\n\n\n\n

Paul Mont | Satoshi Club:<\/strong>
\nToday\u2019s guest is @josephliu03! Welcome to Satoshi Club!🔥<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
\nMatrix swap will be presented to us by wonderful guest<\/p>\n\n\n\n

Hello and welcome to Satoshi Club, @josephliu03!<\/p>\n\n\n\n

Joseph | Matrixswap I WON\u2019T DM YOU:<\/strong>
Hey guys.<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
\nSorry for the technical delay😊<\/p>\n\n\n\n

Joseph | Matrixswap I WON\u2019T DM YOU:<\/strong>
Great to be here.<\/p>\n\n\n\n

Thanks for having me.<\/p>\n\n\n\n

Excited to share Matrixswap with you all.<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
We are very excited about the upcoming AMA<\/p>\n\n\n\n

Paul Mont | Satoshi Club:<\/strong>
That’s right! 🔥<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
Please tell us a little about yourself. How did you get into crypto. When came to the matrix😁<\/p>\n\n\n\n

Joseph | Matrixswap I WON\u2019T DM YOU:<\/strong>
Sure!<\/p>\n\n\n\n

I\u2019m originally from Taiwan, currently living in Germany. I\u2019ve been in crypto since 2016 mainly as an investor and swing trader.<\/p>\n\n\n\n

I\u2019ve helped multiple early stage startups in crypto to raise funds and built a strong network in crypto since 2017.<\/p>\n\n\n\n

Our team is based in Asia and we have seasoned developers that worked on Defi, oracle and NFT projects.<\/p>\n\n\n\n

Matrixswap started as a dream for the team.<\/p>\n\n\n\n

Wanting to trade altcoins with leverage.<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
\nYou are an early crypto adopter😁<\/p>\n\n\n\n

Joseph | Matrixswap I WON\u2019T DM YOU:<\/strong>
And we decided to build and solve our own problems<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
\nWhat is the essence of Matrix swap?<\/p>\n\n\n\n

What do you mean by this concept?<\/p>\n\n\n\n

Joseph | Matrixswap I WON\u2019T DM YOU:<\/strong>
\nMatrixswap is bringing leveraged trading, multi-token swaps and proper risk\nmanagement tools to the DeFi space. <\/p>\n\n\n\n

Traditional AMMs like\nUniswap don’t offer leveraged trading and are limited to single token\ntransactions. <\/p>\n\n\n\n

At Matrixswap, traders\ncan trade any assets with up to 25x leverage and will be able to swap multiple\ntokens at once via our DEX aggregator.<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
\nHow long does it take to develop a project? What plans do you have for the\nfuture? And what can we expect from Matrix swap?<\/p>\n\n\n\n

Joseph | Matrixswap I WON\u2019T DM YOU:<\/strong>
In our case, we’ve been building since late 2020.<\/p>\n\n\n\n

And we will continue to build and optimize the platform for years to come.<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
The benefits are obvious. You just took into account the mistakes of the pioneers and the model is getting better. 😉<\/p>\n\n\n\n

Joseph | Matrixswap I WON\u2019T DM YOU:<\/strong>
Expect Matrixswap to be THE platform to trade on for DEXs.<\/p>\n\n\n\n

Paul Mont | Satoshi Club:<\/strong>
\nBy the way, I’ve seen that the whole team is public – you guys deserve a big\npraise for the transparency 😉<\/p>\n\n\n\n

How many team members are working on MatrixSwap at the moment?<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
We really hope and believe that it will be so.👍<\/p>\n\n\n\n

Joseph | Matrixswap I WON\u2019T DM YOU:<\/strong>
We have a total of 8 core team members.<\/p>\n\n\n\n

And we are expanding!<\/p>\n\n\n\n

Looking to bring on more people to join us in the future.<\/p>\n\n\n\n

For now – we are focused on the tech.<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
\nAmazing👍<\/p>\n\n\n\n

Thanks for great introduction, we will have several questions selected for Part 1. Ready to start?<\/p>\n\n\n\n

Joseph | Matrixswap I WON\u2019T DM YOU:<\/strong>
Sure!<\/p>\n\n\n\n

Let’s do it.<\/p>\n\n\n\n

Q1 from Telegram User @Jmagsss<\/em><\/p>\n\n\n\n

Matrixswap\u2019s vAMM or the \u201cVirtual Automated Market Maker\u201d is a revolutionary way of letting traders explore vast variety of assets and trade with an infinite amount of liquidity. This concept also diminishes the risk of zero impermanent loss because liquidity provision is not required at all. This product of your is truly helpful for skillful traders with big volumes. May I know, Can traders use your vAMM to trade traditional assets just like stocks, commodities, forex and gold? Does your vAMM may support and cater other assets that aren\u2019t related to cryptocurrencies?<\/strong><\/p>\n\n\n\n

Joseph | Matrixswap I WON\u2019T DM YOU:<\/strong>
The platform is really designed to offer traders to trade anything.<\/p>\n\n\n\n

But.<\/p>\n\n\n\n

As we start our mission at matrixswap we hope to stay crypto native.<\/p>\n\n\n\n

Meaning we will intend to stay with offering just crypto markets.<\/p>\n\n\n\n

But if DAO decides to branch out later on to other markets.<\/p>\n\n\n\n

The DAO has the power to do so.<\/p>\n\n\n\n

We want that control to be held not by us, but by the protocol users.<\/p>\n\n\n\n

Paul Mont | Satoshi Club:<\/strong>
That’s called empowering your community and stakeholders 😉 Great!<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
It is really revolutionary what you do👏<\/p>\n\n\n\n

Joseph | Matrixswap I WON\u2019T DM YOU:<\/strong>
I’d say the vAMM design is pretty unique.<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
\nIndeed.<\/p>\n\n\n\n

Joseph | Matrixswap I WON\u2019T DM YOU:<\/strong>
We give credit to the team that invented it.<\/p>\n\n\n\n

Perpetual Protocol.<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
By the way can you demonstrate something?<\/p>\n\n\n\n

Joseph | Matrixswap I WON\u2019T DM YOU:<\/strong>
Our system is similar.<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
Visualization is perceived by users much better.<\/p>\n\n\n\n

Joseph | Matrixswap I WON\u2019T DM YOU:<\/strong>
Sure.<\/p>\n\n\n\n

I’ll do my best.<\/p>\n\n\n\n

What is it that you’d like me to demonstrate?<\/p>\n\n\n\n

I have a quick video on our DEX aggregator.<\/p>\n\n\n\n

If you guys want to take a quick peek at it.<\/p>\n\n\n\n

https:\/\/www.loom.com\/share\/f08144588906411fa6b55789b9e78c1c<\/a><\/p>\n\n\n\n

This is our DEX router example ^<\/p>\n\n\n\n

Both live on polygon mainnet.<\/p>\n\n\n\n

These are our DEX router demo videos.<\/p>\n\n\n\n

Separate from the vAMM.<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
\nIt works very simply! Thanks for the guides!<\/p>\n\n\n\n

Paul Mont | Satoshi Club:<\/strong>
This nuke function\u2026 is definitely cool 🔥🔥🔥<\/p>\n\n\n\n

I could get addicted to it very easily haha 😁<\/p>\n\n\n\n

Joseph | Matrixswap I WON\u2019T DM YOU:<\/strong>
Glad you guys like it!<\/p>\n\n\n\n

Paul Mont | Satoshi Club:<\/strong>
\nThank you very much for the clear answer and demonstration Joseph!<\/p>\n\n\n\n

Ready to hop onto the next community question? 😉<\/p>\n\n\n\n

Joseph | Matrixswap I WON\u2019T DM YOU:<\/strong>
Sure!<\/p>\n\n\n\n

Let’s go.<\/p>\n\n\n\n

Q2 from Telegram User @Highpee<\/em><\/p>\n\n\n\n

Matrix is currently being deployed on Polkadot, Cardano, and Polygon. Why did you start with these three blockchains rather than Ethereum and Binance Smart Chain which has an established population of ripe investors? Will this mean that your platform will be able to leverage cross-chain liquidity and enable swap interactions across any of the chains? Do you have your own bridge that can facilitate Inter-Chain transaction movement? And apart from these present chains that your protocol is presently able to adapt to, are there plans for more blockchain support?<\/strong><\/p>\n\n\n\n

Joseph | Matrixswap I WON\u2019T DM YOU:<\/strong>
We initially set out to deploy on Cardano and polkadot because they are considered the 3rd generation blockchains.<\/p>\n\n\n\n

Compared with ethereum, they had way better scalability.<\/p>\n\n\n\n

Polygon development came later in the picture as we saw the massive growth in liquidity.<\/p>\n\n\n\n

BSC and ETH both are too costly to run our protocol.<\/p>\n\n\n\n

We will stay with more cost-efficient protocols.<\/p>\n\n\n\n

If ETH figures out scaling through layer 1 later on, we’re happy to deploy.<\/p>\n\n\n\n

That being said, we are always looking to adapt.<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
Your solution really makes sense. And flexibility is more important than ever.<\/p>\n\n\n\n

Joseph | Matrixswap I WON\u2019T DM YOU:<\/strong>
If certain blockchains are: 1. fast 2. cost-effective 3. secure<\/p>\n\n\n\n

We will deploy there.<\/p>\n\n\n\n

Paul Mont | Satoshi Club:<\/strong>
Yes, unfortunately, Ethereum right is mostly a playground for whales\u2026 or least the minority that can afford 🙁<\/p>\n\n\n\n

Joseph | Matrixswap I WON\u2019T DM YOU:<\/strong>
Exactly.<\/p>\n\n\n\n

We want our users to be able to make trades without spending too much on gas fees.<\/p>\n\n\n\n

Even BSC when congested can cost up to $5 a trade.<\/p>\n\n\n\n

So we want to make sure our users are protected from that.<\/p>\n\n\n\n

Paul Mont | Satoshi Club:<\/strong>
\nI think this an exhaustive answer and @Highpee will probably be satisfied 😉<\/p>\n\n\n\n

Brilliant, thank you! 😁<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
\nThanks for your answers! Ready to proceed to the next question?<\/p>\n\n\n\n

Joseph | Matrixswap I WON\u2019T DM YOU:<\/strong>
Yes, I’m ready!<\/p>\n\n\n\n

Paul Mont | Satoshi Club:<\/strong>
\nThe next question is about the mechanisms and funding rate behind MatrixSwap\nperpetual contracts 🙂<\/p>\n\n\n\n

Q3 from Telegram User @Jonahapagu<\/em><\/p>\n\n\n\n

It is stated in your whitepaper that in order to ensure perpetual contracts price inside The Matrix converges with index price in the real world, Matrixswap introduces an hourly funding rate.. so how does this funding rate mechanism work, how is this hourly funding rate maintained, how is the funding rate obtained, and what are the factors that affect this funding rate<\/strong><\/p>\n\n\n\n

Joseph | Matrixswap I WON\u2019T DM YOU:<\/strong>
Sure thing!<\/p>\n\n\n\n

Very similar to how FTX works.<\/p>\n\n\n\n

Perpetual contracts never expire.<\/p>\n\n\n\n

So technically you can hold on to them forever.<\/p>\n\n\n\n

That said.<\/p>\n\n\n\n

Perp market can easily diverge from the real market price.<\/p>\n\n\n\n

So to fix that.<\/p>\n\n\n\n

We have a funding payment on a per hour basis.<\/p>\n\n\n\n

The funding payment is calculated by position size * (TWAP of perpetual price – TWAP of Index price)\/24.<\/p>\n\n\n\n

TWAP comes from oracle price feed.<\/p>\n\n\n\n

Which we will use chainlink – on polygon.<\/p>\n\n\n\n

Moonbeam.<\/p>\n\n\n\n

And another one for Cardano.<\/p>\n\n\n\n

Paul Mont | Satoshi Club:<\/strong>
What about the Index price, how is that calculated?<\/p>\n\n\n\n

Joseph | Matrixswap I WON\u2019T DM YOU:<\/strong>
This is obviously a more technical question.<\/p>\n\n\n\n

Index price comes from oracle.<\/p>\n\n\n\n

So if you go to chainlink price feed website.<\/p>\n\n\n\n

That data is constantly being updated.<\/p>\n\n\n\n

Paul Mont | Satoshi Club:<\/strong>
\nGreat to read that you’ve picked the best oracles for the project 😉<\/p>\n\n\n\n

Joseph | Matrixswap I WON\u2019T DM YOU:<\/strong>
chainlink is by far the most battle-tested oracle out there<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
Really very cool👏<\/p>\n\n\n\n

Paul Mont | Satoshi Club:<\/strong>
\nOracle failures have been quite a thing in the previous months, Chainlink is\nthe hallmark of quality in the space ✨<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
\nThanks for your detailed answers 😃<\/p>\n\n\n\n

Joseph | Matrixswap I WON\u2019T DM YOU:<\/strong>
No problem!<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
\nReady to proceed?😉<\/p>\n\n\n\n

Joseph | Matrixswap I WON\u2019T DM YOU:<\/strong>
Yes 🙂<\/p>\n\n\n\n

Next question please.<\/p>\n\n\n\n

Q4 from Telegram User @andrey_seleznov<\/em><\/p>\n\n\n\n

Hi MatrixSwap!
I\u2019d like to ask about the DEX aggregator feature of MatrixSwap. We all love to be able to place a stop loss for our orders or purchase an asset at a better price via the limit order. Will limit orders work together with the interesting multi-token swap function that you advertise? Imagine not only swapping multiple tokens for a single token in a single transaction and at the prices you want! That\u2019d be a killer feature for sure!
Could you please also share some details about the multi-token swap functionality? How do you make sure all transactions are finalized in one block, can there be slippage problems with some of the tokens and transaction may only partially complete? Or will you revert it all if some tokens failed to swap in a timely manner? And lastly does the multiswap save gas by combining multiple transactions into one?
Thank you!<\/strong><\/p>\n\n\n\n

Paul Mont | Satoshi Club:<\/strong>
\nHere is it 🙂<\/p>\n\n\n\n

Joseph | Matrixswap I WON\u2019T DM YOU:<\/strong>
Good questions!<\/p>\n\n\n\n

We are currently developing a stoploss function that will fit quite well with multi-token swaps.<\/p>\n\n\n\n

So it will act as a great risk management tool for DeFi users.<\/p>\n\n\n\n

Limit orders are more limited to single tokens – but you can set many limit orders which essentially acheive the same result.<\/p>\n\n\n\n

Polygon transactions are confirmed relatively quickly so we have been able to make smart contract calls while routing through multiple AMMs.<\/p>\n\n\n\n

Similar with how 1inch and slingshot.finance work.<\/p>\n\n\n\n

Regarding slippage – we give users the ablility to set them and if some tokens don’t go through the rest will still go through.<\/p>\n\n\n\n

This is thanks to our “partial fill” function.<\/p>\n\n\n\n

And over all – matrixswap not only saves you gas fees.<\/p>\n\n\n\n

It also finds the best rates for you.<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
\nThanks for great answer 😊<\/p>\n\n\n\n

Paul Mont | Satoshi Club:<\/strong>
\nI truly feel the scope of what you guys are building can really ease the life\nof so many users out there in cryptoland<\/p>\n\n\n\n

Joseph | Matrixswap I WON\u2019T DM YOU:<\/strong>
The videos I dropped earlier demonstrate some of the stuff I talked about just now.<\/p>\n\n\n\n

Paul Mont | Satoshi Club:<\/strong>
\nThank you ✨ Next question gets back to the governance theme 🙂<\/p>\n\n\n\n

Q5 from Telegram User @yellowchamp<\/em><\/p>\n\n\n\n

ZionDAO will be launched approximately 6 \u2013 9 months after the Mainnet launch of Matrixswap and ZionDao will be your governance mechanism. At this stage, you xpect the ZionDAO community council will be able to propose, vote, and implement upgrades and changes to Matrixswap. So,can you describe more about your governance mechanism which is the ZionDao?Why do you choose ZionDao to be your governance mechanism? Do you have a separate ZionDAO community council to help for the decision-making of Matrixswap network? What are the other role of ZionDao in your platform? Does this governance mechanism is good for long-term? Thank you<\/strong><\/p>\n\n\n\n

Joseph | Matrixswap I WON\u2019T DM YOU:<\/strong>
Our DAO design is relatively similar to blue-chip defi projects.<\/p>\n\n\n\n

Think compound.<\/p>\n\n\n\n

Or markerDAO.<\/p>\n\n\n\n

Token holders will get the ability to propose, vote.<\/p>\n\n\n\n

Overall I believe DAO is the best approach to fully demonstrate the power of decentralization.<\/p>\n\n\n\n

It’s the best solution long term.<\/p>\n\n\n\n

There’s no seperate community council.<\/p>\n\n\n\n

Token holders are the DAO members.<\/p>\n\n\n\n

It’s more straight forward this way.<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
Simple and clear😁<\/p>\n\n\n\n

Paul Mont | Satoshi Club:<\/strong>
\nSpeaking of token holders, could you please share your tokenomics paper?<\/p>\n\n\n\n

Joseph | Matrixswap I WON\u2019T DM YOU:<\/strong>
Sure!<\/p>\n\n\n\n

Paul Mont | Satoshi Club:<\/strong>
\nAnd by the way, has the project undergone any audits yet?<\/p>\n\n\n\n

Joseph | Matrixswap I WON\u2019T DM YOU:<\/strong>
https:\/\/docs.matrixswap.io\/#matrix-tokenmetrics<\/a><\/p>\n\n\n\n

We’re currently in the queue.<\/p>\n\n\n\n

But we will definitely have the smart contract audited before our platform launch.<\/p>\n\n\n\n

Tokenomics can be found here.<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
Safety first👍<\/p>\n\n\n\n

Joseph | Matrixswap I WON\u2019T DM YOU:<\/strong>
We priced the token to be $0.1 per token.<\/p>\n\n\n\n

For both private and public.<\/p>\n\n\n\n

Fair price for everyone.<\/p>\n\n\n\n

Paul Mont | Satoshi Club:<\/strong>
Thank you very much for sharing @josephliu03 🙏<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
Sounds good🙌<\/p>\n\n\n\n

Paul Mont | Satoshi Club:<\/strong>
\nGreat, thank you very much. This is the last question for this very first part\nof the AMA, then we\u2019re heading into the LIVE part of the session.<\/p>\n\n\n\n

Q6 from Telegram User @cheriemike<\/em><\/p>\n\n\n\n

Presently, Matrix has two giveaways taking place for those who are interested in winning $MATRIX token, One is the \u201cRed Pill NFT Giveaway\u201d where 32 NFTs are \u201ccharged\u201d with $MATRIX token, And you have also launched your \u201cWhitelist Lottery\u201d which guarantees 20 whitelisting allocations to some selected participants. When will both giveaways last? Can you give us details on how we can also participate in the giveaway? For the whitelisting lottery is the KYC process required? Apart from these 2 giveaways, will you also airdrop the $MATRIX token to interested users? Thanks<\/strong><\/p>\n\n\n\n

Joseph | Matrixswap I WON\u2019T DM YOU:<\/strong>
For the red pill NFTs, today is the LAST day.<\/p>\n\n\n\n

You can still enter until midnight (EST).<\/p>\n\n\n\n

https:\/\/twitter.com\/matrixswap\/status\/1432275894119243785<\/a><\/p>\n\n\n\n

Paul Mont | Satoshi Club:<\/strong>
That’s for you Satoshi Clubbers, an opportunity not miss out on! 💊✨🔥<\/p>\n\n\n\n

Take the red pill guys 😉<\/p>\n\n\n\n

Joseph | Matrixswap I WON\u2019T DM YOU:<\/strong>
For whitelisting – check out our twitter page!<\/p>\n\n\n\n

And yes, a KYC progress is required.<\/p>\n\n\n\n

But only for the winners.<\/p>\n\n\n\n

Paul Mont | Satoshi Club:<\/strong>
And that’s the Twitter page<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/matrixswap\n<\/div><\/figure>\n\n\n\n

So you guys have no excuses to be up and ready to explore how the MatrixSwap rabbit hole is 😁<\/p>\n\n\n\n

Joseph | Matrixswap I WON\u2019T DM YOU:<\/strong>
Apart from the NFT giveaways, we don’t have airdrop plans for now.<\/p>\n\n\n\n

We might in the future 😉<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
We will be glad if you share with us all the useful links before opening the chat<\/p>\n\n\n\n

Joseph | Matrixswap I WON\u2019T DM YOU:<\/strong>
Twitter – https:\/\/twitter.com\/matrixswap<\/a>
Website – https:\/\/matrixswap.io\/<\/a>
Telegram – @matrixswapofficial<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
\nThanks for sharing❤️<\/p>\n\n\n\n

Part 2 \u2014 live questions from the Telegram community<\/strong><\/h2>\n\n\n\n

Q1 from Telegram user <\/strong>@BJosefina61<\/em>
As a DEX aggregator, what are the advantages over some traditional options in the sector such as paraswap or 1inch?<\/strong><\/p>\n\n\n\n

Joseph | Matrixswap I WON’T DM YOU:
<\/strong> Our unique multi-token swap will stand out from the rest of the market 🙂<\/p>\n\n\n\n

Q2 from Telegram user @Ratash97<\/em>
How does matrix swap solve the problem of Cardano not supporting smart contracts?<\/strong><\/p>\n\n\n\n

Joseph | Matrixswap I WON’T DM YOU:
<\/strong> Cardano has a smart contract coming on live later this month.<\/p>\n\n\n\n

Q3 from Telegram user @Guandog<\/em>
What are the collateralization margins with MatrixSwap, and do you have plans to add more assets as collateral in the future? is only USDC available for now?<\/strong><\/p>\n\n\n\n

Joseph | Matrixswap I WON’T DM YOU:
<\/strong> We have a maintenance margin ratio of 6.25%.<\/p>\n\n\n\n

And yes.<\/p>\n\n\n\n

We will introduce base assets like WBTC and WETH later on.<\/p>\n\n\n\n

Q4 from Telegram user @csgonub<\/em>
Matrixswap has 8 core team members right now do you think this is enough or do you plan to hire more people?<\/strong><\/p>\n\n\n\n

Joseph | Matrixswap I WON’T DM YOU:
<\/strong> We plan to hire more people and we are already in the process 🙂<\/p>\n\n\n\n

Q5 from Telegram user @ethcypherpunk<\/em>
Is matrixswap open to governance-type proposals? can you for example propose a new pair?<\/strong><\/p>\n\n\n\n

Joseph | Matrixswap I WON’T DM YOU:
<\/strong> Yes proposing for new market creation is one of the main governance functions.<\/p>\n\n\n\n

Q6 from Telegram user @victorogb<\/em>
Can you carefully explain the underlining functions of the Insurance Fund, how is this special vault funded and sustained?<\/strong><\/p>\n\n\n\n

Joseph | Matrixswap I WON’T DM YOU:
<\/strong> Sure!<\/p>\n\n\n\n

The insurance fund acts as a backstop for the markets.<\/p>\n\n\n\n

When there are losses that need to be paid to traders.<\/p>\n\n\n\n

Insurance fund covers it.<\/p>\n\n\n\n

The assets of insurance fund comes from trading fees.<\/p>\n\n\n\n

50% of trading fees go to insurance funds.<\/p>\n\n\n\n

The larger the open interest our platform has, the bigger the insurance fund needs to be.<\/p>\n\n\n\n

Q7 from Telegram user @sweetdoge<\/em>
Recently Solana is getting almost all the liquidity into Serum. Do you plan to add support to Solana blockchain for Matrix?<\/strong><\/p>\n\n\n\n

Joseph | Matrixswap I WON’T DM YOU:
<\/strong> We’re interested in deploying on Solana as well, but that will be much further down the line.<\/p>\n\n\n\n

Q8 from Telegram user @Titanium432<\/em>
What are the unique features of perpetual contact trading on matrix swap which make it different from others like Bitmex and Binance prep contracts?<\/strong><\/p>\n\n\n\n

Joseph | Matrixswap I WON’T DM YOU:
<\/strong> The main difference is that users get to retain custody of their own funds and trades are 100% on-chain and transparent.<\/p>\n\n\n\n

Q9 from Telegram user @horrampure<\/em>
Can I buy your tokens right now and also which wallet support your token?<\/strong><\/p>\n\n\n\n

Joseph | Matrixswap I WON’T DM YOU:
<\/strong> Our tokens cannot be bought right now, but we will have our IDO on card starter on the 10th of September.<\/p>\n\n\n\n

Shortly after we will list our token on uniswap.<\/p>\n\n\n\n

Metamask will be the wallet to use.<\/p>\n\n\n\n

The registration starts on Sep 3rd.<\/p>\n\n\n\n

IDO is on the 10th of Sep.<\/p>\n\n\n\n

Q10 from Telegram user @Tahsinahmett<\/em>
Can you explain why you set aside half of the trading fees for the MatrixSwap token, redemption, and burning?<\/strong><\/p>\n\n\n\n

Joseph | Matrixswap I WON’T DM YOU:
<\/strong> We set out to be a protocol to not take revenue from traders.<\/p>\n\n\n\n

We want to empower our users and the value of matrixswap tokens.<\/p>\n\n\n\n

So instead of making fees as revenue, we use that to buy back tokens.<\/p>\n\n\n\n

Part 3 \u2013 Quiz Results<\/strong><\/h2>\n\n\n\n

In the final part, we tested your knowledge in terms of Matrix. They\u2019ve prepared 4 questions for this part. The total reward pool for the quiz was 300$.
For more information and future AMAs, join our Social Media channels:
<\/strong>English Telegram group:\u00a0https:\/\/t.me\/Satoshi_club<\/a>
Russian Telegram group:\u00a0https:\/\/t.me\/satoshi_club_ru<\/a>
Spanish Telegram group:\u00a0https:\/\/t.me\/satoshi_club_spanish<\/a>
Telegram Channel:\u00a0https:\/\/t.me\/satoshi_club_channel<\/a>
Twitter:\u00a0https:\/\/twitter.com\/realsatoshiclub<\/a>
Website:\u00a0https:\/\/esatoshi.club\/<\/a><\/p>\n\n\n\n

Our partners<\/strong>
Matrix Telegram community: https:\/\/t.me\/matrixswapofficial<\/a>
Twitter: https:\/\/twitter.com\/matrixswap<\/a>
Website: https:\/\/www.matrixswap.io<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Matrix and our guests were @josephliu03 – representative of Matrix. The AMA took place on 31st of August. The total reward pool was 500$ and has been split into 3 […]<\/p>\n","protected":false},"author":10,"featured_media":11662,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/11861"}],"collection":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/comments?post=11861"}],"version-history":[{"count":17,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/11861\/revisions"}],"predecessor-version":[{"id":11881,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/11861\/revisions\/11881"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media\/11662"}],"wp:attachment":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media?parent=11861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/categories?post=11861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/tags?post=11861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}