Updates since the last @matchain_io TGE:
1️⃣ // The staking system is now live.
Currently, staking is divided into two methods: delegated staking and liquid staking.
The nominal interest rate for delegated staking is 22%, with an effective rate of about 20% due to a 10% commission and a 7-day withdrawal period. Liquid staking supports no lock-up, but the yield is relatively lower at only 19.87%, with a 0.1% fee for instant withdrawals.
Currently, the total amount staked is 21M, approximately 10M USD at the current price.
2️⃣ // Genesis licenses are now available for claim.
The licenses had a pre-sale previously and are ERC-721 standard NFTs, providing early supporters with a connection to the Matchain reward system. They can be transferred at any time and also support staking, with staking rewards including mining rewards, etc.
3️⃣ // Next steps
While browsing the official website, I noticed some brand collaborations, including Paris Saint-Germain and Lamborghini, which are standard choices for crypto projects to partner with brands. The connection between these brands and what MATCHAIN itself aims to achieve seems to need to be clearer.
We know that MatchID is the main feature being promoted; what are the next steps? Can more technical details be made public to increase external trust and adoption? The competition in L2 has been ongoing for years, and more innovative catalysts are needed to boost demand for $MAT and for MATCHAIN.
Binance Alpha has finally received a revamp, and players with medium scores will be able to drink some soup.
The first project after the revision is @matchain_io Routinely took a look at the introduction, a decentralized AI blockchain focused on data and identity sovereignty, which sounds a bit complicated, but after flipping through the documentation, it is relatively simple.
#说说人话
1️⃣
First of all, it is the L2 of the BNB Chain, and doing L2 allows them to have ultra-low network fees and ultra-large throughput, which is naturally suitable for some high-frequency, low-cost applications, and many parallel EVMs are now doing this.
2️⃣
And then MatchID is their main feature at the moment, which is that you can create your encrypted account through E-mail / social accounts, creating a decentralized identity that developers can then integrate into their dApps for authentication, fraud prevention, and data management. Including but not limited to DeFi / gaming / social / AI collaboration, etc.
3️⃣
The above is how he works, and I personally think the significant highlight is that the low cost can bring good support for AI/gaming applications, followed by the innovation of MatchID. Finally, judging from the DappRadar data, it has been ranked first in L2 for 7 consecutive days, which may be due to TGE, there is a small outbreak.
After going to Alpha, it is the stage achievement of MatChain, which means that it will gradually enter the field of vision of more people, and whether there can be a major breakthrough in ecological construction, we look forward to first-hand, NFA.
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