Matic Network strives to solve the scalability and usability issues, while not compromising on decentralization and leveraging the existing developer community and ecosystem. It is an off/side chain scaling solution for existing platforms to provide scalability and superior user experience to DApps/user functionalities.
We have chosen Ethereum as the first platform to showcase our scalability and we already have a working implementation for Ethereum on Kovan Testnet. It allows instant transfers, exchange and conversion of digital assets (e.g. crypto tokens) and cryptocurrencies in future (Bitcoin using other stable coin protocols). It’s an adapted implementation of Plasma framework for Ethereum to start with, but our “vision” is to provide off/side chain scaling solution for blockchains in general. Matic foundation intends to provide Matic wallet, payment APIs & SDKs, products, identity solutions and other enabling solutions that will allow developers to design, implement and migrate DApps built on base platforms like Ethereum. One of the key pillars of Matic Network’s ideology is user experience which is very poor for Blockchain applications as of now. Matic Team has already built high quality user experience Mobile/Web browser libraries which will enable businesses to create real world end user applications on a large scale. Matic roadmap also includes supporting cross-chain transfers and third party Decentralized exchanges, liquidity pools etc.`
Attention. There is a risk that unverified members are not actually members of the team
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Based on the analysis performed and issues identified, we have assigned the Matic Network project a Risky+ rating. At the time of writing, a demo version of the project is already available, a likely indicator of the team’s serious intentions.We draw attention to the fact that the project is currently vulnerable and dependent upon favorable business, financial, and economic conditions to meet commitments on the project’s deliverables. In the event of adverse business, financial, or economic conditions, the team is not likely to have the capacity to meet its commitments on the project. This outlook assesses the potential direction of the project; in determining a rating, consideration is given to any changes in economic and/or fundamental business conditions. This outlook is not necessarily a precursor of a rating change or future team actions.
Use Case: Instant blockchain by plasma side chainRemarks: Received token metrics details
The main reason this ICO is so attractive to this many people is because they managed to launch a working MVP for a sidechain scalability solution.The ability to scale existing Blockchain via sidechains is a huge idea and will play a big role in 2019. Several ICOs like Radon Network and others have been working on this for over a year and have not presented as much as the Matic Network ICO.That said in general the team is lacking in experience in Blockchain development as a lot of the team members are only experienced in web development.ICOs with a working product tend to do quite well, but in the current market conditions it is very difficult for any ICO to make a profit Post ICO. Token metrics become more important than anything else. We need full transperency in regards to Private Sale investor bonus rounds, seed round prices and lockup and post exchange plans.Currently we are Neutral on the Matic ICO, this is not financial advise always find several different opinions and form your own one as well. Always do your own due dilligance.
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