Solana-Based $MATRIX Token Goes Live, Powering Decentralized Human-like AI Characters

Road Town, British Virgin Islands, September 23rd, 2024, Chainwire

The token is now available on CEXs Gate.io and MEXC, and DEX Jupiter.

Matrix One, The decentralized protocol accelerating the development of human-like AI characters, is pleased to announce the successful launch of its native token, $MATRIX. The $MATRIX token, which went live on September 17 is now available for trading on leading cryptocurrency exchanges Gate.io, MEXC, and Jupiter, following sold-out Initial DEX Offerings (IDOs) across multiple platforms, including Seedify, ChainGPT, Eesee, SeaPad, and WeWay Launchpad.

Token Utility and Ecosystem Integration

The $MATRIX token serves as the cornerstone of the Matrix One ecosystem, offering multiple utility functions across various decentralized applications (dApps) built on the protocol. Key utilities of the token include:

Service Subscription Model: Stakers of $MATRIX gain complimentary access to premium features in dApps such as Avatar.One, which already boasts over 500,000 active users. Upcoming features include 3D AI character use cases like AI assistants, traders, teachers, and personal shoppers.Character Marketplace Discoverability: Users can stake $MATRIX tokens to enhance the visibility of specific characters, reflecting their perceived quality and potential demand. Additionally, $MATRIX can be used for commission-free trading on Character.One. Bringing the first AI Characters on-chain to Solana .Content Monetization: Creators of on-chain AI characters can tokenize their creations and earn $MATRIX tokens through engagement from other users and applications. This fosters decentralized ownership and monetization of AI characters.DAO Governance: $MATRIX holders can participate in governance decisions, including the development of new dApps and protocol upgrades within the Matrix One ecosystem.Dynamic Character Upgrades: Tokens can be used to unlock or upgrade character traits, such as skills, animations, advanced memory, high-quality rendering, or other gameplay enhancements.Token Supply and Distribution

The total supply of $MATRIX is capped at 10 billion tokens, with 164,525,000 tokens circulating immediately following the TGE. The distribution of the total supply is as follows:

Community: 25%Seed round: 16.93%Core contributors: 15%Staking rewards: 11.85%Liquidity: 10%Public sale: 6.38%Private rounds: 1.62%Compute (treasury): 4%Airdrop: 4%Strategic round: 3.33%Marketing and partnerships: 1.89%Market and Exchange Listings

As of the token launch, $MATRIX is actively listed on Gate.io, MEXC, and Jupiter. Market capitalization information is available in real-time on Dextools here.

Achievements and Milestones

Matrix One is already home to a functional dApp, Avatar.One, which has over 500,000 active users. In addition, more than 100,000 Solana wallets are registered within the ecosystem, reflecting the growing adoption of Matrix One technology.

About Matrix One

Matrix One is a decentralized platform dedicated to revolutionizing the interaction between users and AI-driven characters. Through its ecosystem of dApps, including Avatar.One, Matrix One leverages blockchain technology to offer decentralized ownership, monetization opportunities, and community-driven governance of AI-generated characters. With a rapidly growing user base and innovative use cases, Matrix One aims to bridge the gap between AI and blockchain by empowering users to create, engage with, and govern dynamic virtual characters.

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This article was originally published on Chainwire

Source: Investing.com