Matic Network (MATIC) Blockchain Platform - ICO Review, Rating and Details of Matic Network ICO (Token Sale) - Rating: All In

Matic Network strives to solve the scalability and usability issues while not compromising on decentralization and leveraging existing developer community and ecosystem. Matic Network is built on the foundation of PLASMA philosophy as ​an ​off/side chain scaling solution for existing platforms and provide scalability and superior user experience to Dapps/user functionalities built on top of these platforms.

Returns Since ICO

  • ICO Price in USD: $0.00263. ROIx in USD: 8.25x USD
  • ICO Price in BTC: 0.000000489 BTC. ROIx in BTC: 4.87x BTC
  • ICO Price in ETH: 0.00001623 ETH. ROIx in ETH: 1.44x ETH

Features & Highlights

  • Scalability: Fast, low-cost and secure transactions on Matic sidechains with finality achieved on mainchain and Ethereum as the first compatible Layer 1 basechain.
  • High Throughput: Achieved up to 7,000 TPS on a single sidechain on internal testnet; Multiple chains to be added for horizontal scaling.
  • User Experience: Smooth UX and developer abstraction from mainchain to Matic chain; native mobile apps and SDK with WalletConnect support.
  • Security: Matic chain operators are themselves stakers in the PoS system.
  • Public Sidechains: Matic sidechains are public in nature (vs. individual dApp chains), permissionless and capable of supporting multiple protocols.

Token Allocation

"Launchpad","Seed Round","Private Sale","Team","Advisors","Foundation","Ecosystem","Staking Rewards" {"name": "Launchpad","value": 19},{"name": "Seed Round","value": 2.09},{"name": "Private Sale","value": 1.71},{"name": "Team","value": 16},{"name": "Advisors","value": 4},{"name": "Foundation","value": 21.86},{"name": "Ecosystem","value": 23.34},{"name": "Staking Rewards","value": 12}

Token Release Schedule

"Apr 2019","May 2019","Jun 2019","Jul 2019","Aug 2019","Sep 2019","Oct 2019","Nov 2019","Dec 2019","Jan 2020","Feb 2020","Mar 2020","Apr 2020","May 2020","Jun 2020","Jul 2020","Aug 2020","Sep 2020","Oct 2020","Nov 2020","Dec 2020","Jan 2021","Feb 2021","Mar 2021","Apr 2021","May 2021","Jun 2021","Jul 2021","Aug 2021","Sep 2021","Oct 2021","Nov 2021","Dec 2021","Jan 2022","Feb 2022","Mar 2022","Apr 2022","May 2022","Jun 2022","Jul 2022","Aug 2022","Sep 2022","Oct 2022" {"name": "Launchpad", "icon": "roundRect"},{"name": "Seed Round", "icon": "roundRect"},{"name": "Private Sale", "icon": "roundRect"},{"name": "Team", "icon": "roundRect"},{"name": "Advisors", "icon": "roundRect"},{"name": "Foundation", "icon": "roundRect"},{"name": "Ecosystem", "icon": "roundRect"},{"name": "Staking Rewards", "icon": "roundRect"} {"data": [19.00,19.00,19.00,19.00,19.00,19.00,19.00,19.00,19.00,19.00,19.00,19.00,19.00,19.00,19.00,19.00,19.00,19.00,19.00,19.00,19.00,19.00,19.00,19.00,19.00,19.00,19.00,19.00,19.00,19.00,19.00,19.00,19.00,19.00,19.00,19.00,19.00,19.00,19.00,19.00,19.00,19.00,19.00],"name": "Launchpad", "symbol": "circle", "type": "line", "stack": "Save", "areaStyle": {}},{"data": [1.05,1.05,1.05,1.05,1.05,1.05,2.09,2.09,2.09,2.09,2.09,2.09,2.09,2.09,2.09,2.09,2.09,2.09,2.09,2.09,2.09,2.09,2.09,2.09,2.09,2.09,2.09,2.09,2.09,2.09,2.09,2.09,2.09,2.09,2.09,2.09,2.09,2.09,2.09,2.09,2.09,2.09,2.09],"name": "Seed Round", "symbol": "circle", "type": "line", "stack": "Save", "areaStyle": {}},{"data": [0.86,0.86,0.86,0.86,0.86,0.86,1.71,1.71,1.71,1.71,1.71,1.71,1.71,1.71,1.71,1.71,1.71,1.71,1.71,1.71,1.71,1.71,1.71,1.71,1.71,1.71,1.71,1.71,1.71,1.71,1.71,1.71,1.71,1.71,1.71,1.71,1.71,1.71,1.71,1.71,1.71,1.71,1.71],"name": "Private Sale", "symbol": "circle", "type": "line", "stack": "Save", "areaStyle": {}},{"data": [0.00,0.00,0.00,0.00,0.00,0.00,0.00,0.00,0.00,0.00,0.00,0.00,3.20,3.20,3.20,3.20,3.20,3.20,6.40,6.40,6.40,6.40,6.40,6.40,9.60,9.60,9.60,9.60,9.60,9.60,12.80,12.80,12.80,12.80,12.80,12.80,16.00,16.00,16.00,16.00,16.00,16.00,16.00],"name": "Team", "symbol": "circle", "type": "line", "stack": "Save", "areaStyle": {}},{"data": [0.00,0.00,0.00,0.00,0.00,0.00,1.33,1.33,1.33,1.33,1.33,1.33,2.67,2.67,2.67,2.67,2.67,2.67,4.00,4.00,4.00,4.00,4.00,4.00,4.00,4.00,4.00,4.00,4.00,4.00,4.00,4.00,4.00,4.00,4.00,4.00,4.00,4.00,4.00,4.00,4.00,4.00,4.00],"name": "Advisors", "symbol": "circle", "type": "line", "stack": "Save", "areaStyle": {}},{"data": [2.74,2.74,2.74,2.74,2.74,2.74,5.48,5.48,5.48,5.48,5.48,5.48,8.21,8.21,8.21,8.21,8.21,8.21,10.95,10.95,10.95,10.95,10.95,10.95,13.69,13.69,13.69,13.69,13.69,13.69,16.43,16.43,16.43,16.43,16.43,16.43,19.16,19.16,19.16,19.16,19.16,19.16,21.90],"name": "Foundation", "symbol": "circle", "type": "line", "stack": "Save", "areaStyle": {}},{"data": [4.67,4.67,4.67,4.67,4.67,4.67,9.33,9.33,9.33,9.33,9.33,9.33,14.00,14.00,14.00,14.00,14.00,14.00,18.67,18.67,18.67,18.67,18.67,18.67,23.33,23.33,23.33,23.33,23.33,23.33,23.33,23.33,23.33,23.33,23.33,23.33,23.33,23.33,23.33,23.33,23.33,23.33,23.33],"name": "Ecosystem", "symbol": "circle", "type": "line", "stack": "Save", "areaStyle": {}},{"data": [4.00,4.25,4.50,4.75,5.00,5.25,5.50,5.75,6.00,6.25,6.50,6.75,7.00,7.25,7.50,7.75,8.00,8.25,8.50,8.75,9.00,9.25,9.50,9.75,10.00,10.25,10.50,10.75,11.00,11.25,11.50,11.75,12.00,12.00,12.00,12.00,12.00,12.00,12.00,12.00,12.00,12.00,12.00],"name": "Staking Rewards", "symbol": "circle", "type": "line", "stack": "Save", "areaStyle": {}}

Roadmap & Updates

  • Q3 2018:
    • Matic testnet released to developers (closed alpha)
    • Plasma MVP contracts on testnet
    • Full ERC20 support for fast and cheap transfers
    • Plasma exits tokenized for fast exits
    • Dagger (real-time Ethereum events notifications engine) released
    • Dagger integration with Zapier (ERC20 transfers)
  • Q4 2018
    • Matic.js Javascript SDK released for testnet
    • Matic mobile app (with Plasma support) - internal release
    • Quarters (games platform integrated with Matic testnet)
    • WalletConnect support on mobile app (Ethereum & Matic testnet)
  • Q1 2019
    • ERC721 support on Matic testnet PoS implementation for Staker nodes for sidechain - internal release
    • Matic testnet v2 released to developers (closed beta)
    • Asset swaps PoC on Matic testnet (for Decentraland marketplace)
    • Tokenized staker slots for PoS implementation
    • Dagger integration with Zapier (generic contract events)
    • Cryptostaw (Burner wallet) integrated with Matic testnet
    • Hermione (realtime, scalable Ethereum data processor) - internal release
  • Q2 2019
    • Matic Network Mainnet release (alpha)
    • Allow Deposits and withdrawals of Ethereum-based assets using the Matic Plasma implementation in alpha
    • Plasma - Cross-asset swaps between ERC721-ERC20, ERC20-ERC20, ERC721-ERC721) on testnet
    • Proof-of-Stake Validator onboarding
    • dApps developer program
    • Matic Wallet - WalletConnect for dApps (Ethereum & Matic Network transactions)
  • Q3 2019
    • Matic Network Mainnet release (beta)
    • Plasma - Asset swaps (ERC721-ERC20, ERC20-ERC20, ERC721-
      ERC721) support on mainnet
    • Generic smart contract support (with PoS guarantees)
    • Plasma Fast exits implementation on testnet
    • Plasma Watcher nodes
  • Q4 2019 & Q1 2020
    • Matic Network Mainnet release
    • Plasma Fast exit services on mainnet
    • Transaction relay pool (perform transactions without ETH) - for enabling easy asset/state movement from Ethereum to Matic
    • Generic smart contract support (with Plasma guarantees) - Proof-of-Concept
    • Plasma - NFT Marketplace platform release for Ethereum assets

Team Members

  • Jaynti Kanani - Co-founder & CEO - Full-stack developer and blockchain engineer. Contributor to Web3, Plasma, WalletConnect. Previously data scientist at Twitter, Github, Linkedin

  • Sandeep Nailwal - Co-founder & COO - Blockchain programmer and entrepreneur. Previously CEO of Scopeweaver, CTO (Ecommerce) Welspun Group. Twitter, Github, Linkedin.

  • Anurag Arjun - Co-founder & CPO - Previously AVP (product management), IRIS business. Stints at SNL Financial, dexter consultancy and cognizant technologies. Twitter, Linkedin.

  • Siddharth Jain - VP - Operations & marketing - Previously project manager @EXL and data analyst @Mu-Sigma. Twitter, Linkedin.

  • Bhavir Shah - Head, engineering - Previously software lead @PaySense and senior SDE Javascript & React native afficionado. Webpack editor. Twitter, Github, Linkedin.

  • Vaibhav Chellani- Blockchain engineer - Google summer of code 2018. Previously blockchain protocol developer @KaraChain. Twitter, Github, Linkedin.

  • Ashish Rajpurohit - Blockchain engineer - Previously software engineer @Melvault. Twitter, Github, Linkedin.

  • Arpit Agarwal - Blockchain engineer - Previously software engineer at Google and Semantics3. IIT-Jodhpur alumnus. Winner at ETH-India and ETH-SF hackathons. MakerDAO prize winner at ETH-Singapore. Twitter, Github, Linkedin.

  • Sayli Patil - Application engineer - Girl power @Matic Network, Govt. of India Hackathon 2018 finalist. Twitter, Github, Linkedin.

  • Delroy Bosco - Project manager - Previously scrum master, business analyst roles @IRIS Business. Twitter, Linkedin.

  • Vishal Gupta - DevOps engineer - DevOps ninja. Previously at MediaIsYou and Mahindra Rise. Twitter, Linkedin.

  • Nirbhik Jangid - Community manager - Finalist in Google OMC (Ad Grants Challenge) 2016. Previously management trainee Pineapple Consulting. Twitter, Linkedin.

  • Esteban Ordano - Founder & CTO at Decentraland - Previously software engineer at BitPay. Twitter, Linkedin.

  • Pete Kim - Head of engineering, wallet at Coinbase - Creator of CipherBrowser and previously Co-Founder & CTO at Nitrous, Inc. Twitter, Linkedin.

  • Ari Meilich - Project lead at Decentraland - Previously Co-Founder of Benchrise, Inc. Twitter, Linkedin.

Partnership Overview

  • Decentraland: a virtual reality platform powered by the Ethereum blockchain. Users can create, experience, and monetize content and applications using a developer toolkit that works on any platform (all VR headsets and web browsers) and is designed to create virtual environments and applications. Matic is collaborating with Decentraland to scale the transactions that will occur as a result of user interactions within the virtual universe. This will include payments, NFT sales and eventually general game states and other data.

  • Quarkchain: an innovative permissionless blockchain architecture that aims to provide a secure, decentralized, and scalable blockchain solution. Matic Network and Quarkchain intend to collaborate on L2 scaling research by exploring and developing Plasma sidechain solutions on top of Quarkchain. Matic will also be working with Quarkchain to build notification services like Dagger and Mobile Wallet capabilities for Quarkchain.

  • Ankr Network: a distributed computing platform that aims to leverage idle computing resources in data centers and edge devices. Matic will collaborate with Ankr to explore building a decentralized web 3 stack in which Ankr can provide Distributed Cloud Computing services for Decentralized Application Development on the Matic Network.

  • Portis: a technology company that wants to make sure any person in the world can use decentralized applications, just as easily as they use "regular" apps.Matic is working with Portis to help these dApps using Portis achieve scale and an enhanced user experience.

  • Maker DAO: the organization behind the DAI Stablecoin. Matic Network is partnering with MakerDAO to explore and jointly support teams for the development of dApps which use DAI on Matic Network sidechains. Matic Network intends to integrate DAI as the first ERC-20 token on Matic sidechains.

  • Ripio Credit Network: a peer to peer credit network that connects lenders and borrowers located anywhere in the world.Matic is working with Ripio to enable Micro loans on its plasma sidechains. Matic along with RCN is also researching faster plasma exits where exit NFT’s will be used as collateral for loans on the RCN platform.

Competitors Overview

Matic - Layer 2POA - Layer 2Loom - Layer 2EOS - Layer 1Zilliqa - Layer 1
Block times conduciveness for Dapp UXHigh - 1 secondLow - 5 secondHighHigh - 0.5 secondLow - 2 minutes
Consensus Algorithm Efficiency for Scale and SecurityHigh (3 Layers - POSA+POS+POW)Low (POA)Medium (DPOS+POW)Medium (BFT-DPoS)Medium(POW+PBFT)
Degree of DecentralizationHighLowHighLowMedium
Multi-Sidechain/Sharding SupportHighLowHighLowHigh
Interopoerability (Multiple Basechains)HighMediumMediumLowLow
MainChain SecurityHigh (Plasma+Ethereum)LowHigh (Plasma+Ethereum)LowLow
Fraud Proofs on BasechainMedium (only Assets)LowMedium (only Assets)Not RequiredNot Required
Unpermissioned nature of BlockchainHighLowMediumLowHigh
Feasibility of hosting a DEXHighMediumMediumHighHigh
Ethereum Ecosystem compatibility (EVM/ERC20 Compatibility & Dev Docs)HighHighMediumLowLow
Focus on User ExperienceHighLowMediumMediumMedium
Developer Experience for existing ETH DevelopersHighHighMediumLowLow
Smart Contract SupportHighHighMediumHighHigh
Ethereum Protocol Support (0x, Kyber, etc)MediumLowLowLowLow
Ease of migration / Popular Programming Language SupportHighHighMediumLowLow

Additional Competitors

  • Skale Labs: Skale plans to run a network of sidechains called S-chains.These chains are run by Validators nodes which contain a number of containers. S-Chains utilize the Skale Parallel Asynchronous Consensus (SPAC), unlike the PoS consensus used by Matic Sidechains. Like Matic network, Skale plans to run its own version of EVM on its sidechains; however, Skale’s goal is to enable separate dAppchains, while Matic is designed to create "public sidechains" that can host any number of dApps.

  • Plasma Group: Plasma Group wants to create an Open Plasma implementation that helps people deploy their own instance of an individual Plasma chain. Matic Network on the other hand is focused on building a permissionless, public Layer 2 Plasma based sidechain system where everyone can enjoy easy deployment of apps and smart contracts.

Social Media Links

Additional Links