The Matrix Community will be able to start staking their Masternodes on April 13th at 11am (Beijing Time). Before attempting to deploy and stake your Masternode, please confirm that you have already swapped enough native MAN tokens. You cannot stake a Masternode on the Matrix Mainnet using ERC20 tokens! You may download the Matrix AI Network Token Swap Manual for detailed instructions.

For those unfamiliar, deploying and staking a masternode is a multistep process. As such, the team has prepared a detailed Node Deployment Manual for MAC and Windows users . Please follow the steps with precision to ensure the successful launch of your Matrix Masternode. A summary follows.

Before deploying your Matrix AI Network Masternode

Things you need:

The Matrix AI Network Node Deployment Manual

Two Matrix web wallet addresses

A computer

Two Matrix web wallet addresses

It is recommended to use two Matrix wallets when deploying a Masternode. This will make your Masternode more secure. You will need to have access to both wallets’ keystore files. You can open new wallets and download related keystore files as necessary using the Matrix Web Wallet.

For the purpose of this guide, your two wallets will be identified as followed:

Wallet A: Your existing Matrix wallet that holds all your MAN tokens

Wallet B: A brand new wallet created for the purpose of deploying a Masternode

As a general strategy, after successfully setting up your node, we suggest keeping Wallet A in a safe place as this wallet will receive the block rewards. Wallet B can be used to manage daily Masternode activities and will not hold and MAN tokens.

Don’t have native Matrix tokens?

If you do not have sufficient native MAN tokens in your Wallet A, you will not be able to stake a Masternode on the Matrix AI Network. You will need at least 10,001 MAN tokens to stake a Mining Masternode and 100,001 tokens to deploy a Verification Masternode. If you need to swap more tokens, please follow the detailed instructions in the Matrix AI Network Token Swap Manual. Do NOT send ERC20 MAN tokens directly to the Matrix Foundation Token Burn Account Address from an exchange wallet or hardware wallet.

About block rewards

The Matrix AI Network aims to generate a new block approximately every 6 seconds. Each block yields 10 MAN tokens. Of each block’s total block rewards, the Mining Network receives 30%, the Verification Network receives 50%, and everyone with staked tokens share the remaining 20%.

Every cycle (300 blocks), 32 Mining Masternodes and 19 Verification Masternodes will be selected. In addition, the Matrix Foundation will provide 3 voluntary nodes to assist in completing the block generation.