This article provides a summary of the important points raised during the most recent MATRIX AI NETWORK Reddit AMA. This was the long awaited business AMA conducted with the CEO of Matrix AI Network Owen Tao

To read the full AMA please follow this link.

CEO Owen Tao’s verification picture.

1. TEST Net

Test Net Node

More details regarding the public testing of a test net node will be released soon, MATRIX is just ironing out the details.

If you would like to participate in running a test net node you can fill out the form here.

2. MAIN Net

Release Date

The MATRIX AI NETWORK main net is still on track to be released by the end of the year.

Token Swap

The MATRIX token swap will occur after the main net launch, most likely within January 2019.

Currently MATRIX plan on allowing users to SWAP their tokens at any time after the main net launch without enforcing a set time limit.

MATRIX has also started communications with several exchanges and has come to terms with a few regarding the token swap. A list of exchanges supporting the token swap will be announced prior to the main net launch.

Mining Machines

MATRIX is still in talks with the mining machine partner, they are planning to release them to the public within mid 2019.

3. DApps

DApp Deployment

MATRIX has several DApp in deployment with plans to launch alongside the mainnet, one such DApp is the AI Medical Diagnostic System.

There are currently over 10 projects planned to run/are running on MATRIX AI Network, while no formal announcements will be made yet. These are projects related to Internet of Things, Finance, Medical Diagnosis, Asset Digitization, Distributed Storage, Big Data, Social Services, etc.

Watermelon DApp

The development of the Watermelon app is essentially completed and all that there is left is application layer work. The application will be demonstrated and released after completion.

4. Partnerships

OBOR

The exclusive cooperation agreement between the One Belt One Road Development center and MATRIX AI NETWORK is still active. As part of this agreement MATRIX is tasked with supporting the center future project’s in all things blockchain and AI.

So far MATRIX has been actively deploying projects related to IOT, Asset Digitization and Supply Chain within countries along the OBOR.

International Electrotechnical Commission (IEC)

MATRIX has started work on developing Artificial Intelligence and Blockchain standards as part of a new council known as the China Standard’s and Innovation Alliance’s Artificial Intelligence and Blockchain Council.

MATRIX has also signed enterprise clients with plans to build a MATRIX artificial intelligence computing center in the Shanxi and Xinjang provinces of China.

HuaBiao MATRIX AI Network Blockchain Application Standards Research Institute

The inaugural meeting was held in late July and included over 20 of the top Chinese firms including Ant Financial, Wanda, JD, etc.

The initial goal was to establish a set of national reference architecture standards for blockchain technologies. So far, a Standards document is being prepared. This document has four sections — MATRIX is actively involved in drafting two of these four sections.

Though the date is not yet fixed, the expectation is that everyone will meet again in January. At that time, the initial goal is expected to be finalized, and more detailed/granular work will be assigned to all parties.

HUOBI Labs

Due to HUOBI’s internal restructuring the person previously in charge of HUOBI Labs has departed and as such the current MATRIX x HUOBI relationship is in somewhat of a limbo.

301 Hospital

MATRIX is not at liberty to share specifics regarding this project due to NDAs but the diagnostic system that they have jointly developed will be launching on MATRIX AI NETWORK.

Bitconch Partnership

The Matrix AI Network and Bitconch partnership will be addressed in the upcoming Q&A video.

5. Exchanges

Future Exchange Plans

MATRIX is still working on getting released on large exchanges such as Binance, Bithumb etc

How can Chinese nationals purchase MAN tokens?

Chinese people can purchase MAN tokens on any exchanges that permit them to trade.

6. Finances

Additional Token Sale details

MATRIX has not decided whether they will be having the ATS but rest assured MATRIX will most likely be selling tokens to designated institutions and partners as opposed to a public token sale. Of course a token lock will be in place.

Use of 100,000,000 foundation tokens

Owen Tao stated that some of the foundation tokens where used over the course of the project’s development for different activities such as operations with exchanges, community building, R&D activities and ecosystem development.

MATRIX is in contact with Ernst & Young (EY) and Pricewater house Cooper (PwC)so as to deliver the community with an independent audit.

Team Tokens

No team tokens have been distributed as of yet, but they will start to be released post main net launch over a 4 year time period.

Regarding the current BEAR market and MATRIX’s current financial resources

The current crypto market has had an impact on Matrix’s finances, but MATRIX is not in any sort of dire financial situation.

7. Addressing SIGMA FUD

SIGMA was a project that had it’s ICO last year but due to the ICO BAN soon after SIGMA complied by returning funds etc.

Owen Tao was a consultant for SIGMA during that period and there is no current connection between MATRIX and SIGMA, both in terms of project content and core teams.

SIGMA still exists as a project called “cat chain”

8. Relationship with Chinese Government

MATRIX is seeking further governmental funds and policy support, and MATRIX is also willing to use their technology to aid the government in developing projects.