The past 18 months since the completion of the Matrix ICO has not been an easy one to say the least, market conditions have not been the most favorable but Matrix has continued to push on and has finally achieved the momentous milestone that is the release of the Matrix main net.

Now it might seem like the hard work has ended but its only going to continue with the need to enhance and develop the matrix ecosystem so as to make it China’s number one blockchain.

So whats next for Matrix, what does the next few months hold?

The next few weeks will primarily be focused on ensuring that the Matrix main net is stable and running without a hitch so that when it comes time for the community to deploy nodes there will not be any issues. So for that time being all nodes will be ran and deployed by the Matrix team until it is open for the community to start deploying.

Token Swap

The Matrix AI Network token swap is occuring without any set time frame so there is no hurry as token holders have ample time to convert their tokens. Even though there has not been any new developments regarding the token swap it can be expected that a new details will be emerging soon with more announcements as to which exchanges will be supporting the token swap.

Real Time Mainnet Status

Community members will have the ability to view real time stats on the Main net via the Matrix Blockchain Browser. This will display several data such as the current block height, block time, transactions, max TPS as well as the last mined blocks.

Airdrops

Since the inital nodes depoloyed on the Matrix main net will be ran by the Matrix team there is an issue regarding the blocks rewards generated during the initial mining period. Matrix will be returing all the block rewards earned during this inital period back to the community through the form of the following airdrops and token burns.

Mainnet Airdrop: Matrix will be randomly distributing 1,000,000 MAN tokens to every person who completes their token swap once mining and verification masternodes are open to the public.

Early Mining Masternode Incentive: Matrix will distribute 200,000 MAN tokens between the first 200 people to partcipate in running a node which remains online for a cumulative 100,000 blocks.

Early Verification Masternode Incentive: Matrix will distribute 200,000 MAN tokens between first 100 people to stake verification masternodes that remain online for 100,000 blocks.

Testnet Participation Appreciations: 300,000 MAN tokesn will be distributed among everyone who applied to run a Matrix testnet before February 22nd 2019, this equates to around 500 MAN tokens per person.

Token Burn: The matrix team will be burning 2,000,000 MAN tokens.

Matrix will be putting any remaining token block rewards towards further developement of the ecosystem through the likes of AI research projects, dAPP development etc.

Decentralized Applications

Horse Racing Saga: As part of Matrix’s foray into blockchain games, they have developed their first gaming dAPP. This game is a horse racing game and a beta will be released soon through an invitation code the community can apply for. Beta participants are likely to be receiving various rewards for their participation.

MBC Project: The MBC Project is the only international shipping intelligent trading platform servicing the dry bulk market. The MBC platform combines the bulk market international shipping with internet services while also using artificial intelligence and blockchain to optimism shipping practices.Petro china, one of china’s largest oil and gas company with an annual revenue of over 300 Billion Dollars, and the MBC project have reached a cooperation agreement to use the platform once its live.

Conclusion

I want to congratulate the entire Matrix team for bringing this project into fruition, as well as the community who has stood by Matrix through all the ups and downs.

Developing and releasing a mainnet is not an easy task but there is a never ending need to continuously develop the Matrix ecosystem and there are several other projects being built on top of Matrix. In the upcoming year we will definitely be seeing different sorts of applications being released ensuring that the Matrix blockchain is being used to its full potential.

Matrix AI Network leverages the latest AI technology to deliver on the promise of blockchain.

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