Solana-Based $MATRIX Token Launches, Enabling Decentralized Human-like AI Characters

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

Matrix One, a decentralized protocol focused on advancing human-like AI characters, has successfully launched its native token, $MATRIX. The token became active for trading on September 17 and is now available on prominent cryptocurrency exchanges including Gate.io, MEXC, and Jupiter. This follows a series of successful Initial DEX Offerings (IDOs) on platforms such as Seedify, ChainGPT, Eesee, SeaPad, and WeWay Launchpad.

Token Utility and Ecosystem Integration

The $MATRIX token is integral to the Matrix One ecosystem, providing a variety of utility functions across different decentralized applications (dApps) built on the protocol. Key functionalities include:

• Service Subscription Model: Users who stake $MATRIX will receive complimentary access to premium features in dApps like Avatar.One, which currently has over 500,000 active users. Future features will include AI assistants, traders, teachers, and personal shoppers in 3D AI character forms.

• Character Marketplace Discoverability: Staking $MATRIX tokens can improve the visibility of specific characters, reflecting their perceived quality and demand potential. Additionally, $MATRIX enables commission-free trading on Character.One.

• Content Monetization: Creators of AI characters can tokenize their work and earn $MATRIX tokens based on user engagement, promoting decentralized ownership and monetization of AI creations.

• DAO Governance: Holders of $MATRIX can take part in governance decisions regarding new dApps and protocol upgrades within the Matrix One ecosystem.

• Dynamic Character Upgrades: Tokens can be utilized to unlock or enhance character traits, including skills, animations, memory, rendering quality, and other gameplay improvements.

Token Supply and Distribution

The total supply of $MATRIX is capped at 10 billion tokens, with 164,525,000 tokens in circulation immediately following the Token Generation Event (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 and Exchange Listings

Following the token launch, $MATRIX is actively traded on Gate.io, MEXC, and Jupiter, with real-time market capitalization information available through various tools.

Achievements and Milestones

Matrix One already features a fully operational dApp, Avatar.One, boasting over 500,000 active users. In addition, more than 100,000 Solana wallets are registered within the ecosystem, indicating strong adoption of Matrix One technology.

About Matrix One

Matrix One is a decentralized platform aimed at transforming the interaction between users and AI-driven characters. Through its ecosystem of dApps, including Avatar.One, Matrix One leverages blockchain technology to facilitate decentralized ownership, monetization opportunities, and community-driven governance of AI-generated characters. With a rapidly expanding user base and innovative applications, Matrix One strives to connect AI and blockchain, empowering users to create, engage with, and govern dynamic virtual characters.