The Good Tech Companies - Solana-Based $MATRIX Token Goes Live, Powering Decentralized Human-like AI Characters

Episode Date: September 23, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/solana-based-$matrix-token-goes-live-powering-decentralized-human-like-ai-characters. The token is now available on CEXs Gate.io and MEXC, and DEX Jupiter. Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #matrix, #chainwire, #press-release, #matrix-announcement, #ai, #crypto-listing, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com. 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.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Solana-based Dollar Matrix token goes live, powering decentralized human-like AI characters, by Chainwire. Roadtown, British Virgin Islands, September 23, 2024, Chainwire, Matrix 1, the decentralized protocol accelerating the development of human-like AI characters, is pleased to announce the successful launch of its native token, Dollar Matrix. The Dollar Matrix token, which went live on September 17, is now available for trading on leading cryptocurrency exchanges Gate.io, MEX, and Jupyter, following Zold out initial DEX offerings. IDOs, across multiple platforms, including say Edify, ChainGPT, Easy, CPAD, and WeWay Launchpad.

Token Utility and Ecosystem Integration The Dollar Matrix token serves as the cornerstone of the Matrix 1 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 Dollar Matrix gain complementary access to premium features in DAPPs such as Avatar. One, which already boasts over 500,000 active users. Upcoming features include three DAI character use cases like AI assistants, traders, teachers, and personal shoppers.

Character Marketplace Discoverability. Users can stake dollar matrix tokens to enhance the visibility of specific characters, reflecting their perceived quality and potential demand. Additionally, dollar matrix can be used for commission-free trading on character. 1. Bringing the First AI Characters on Chain to Solana. Content Monetization. Creators of on-chain AI characters can tokenize their creations and earn dollar matrix tokens through engagement from other users and applications. This fosters decentralized ownership and monetization of AI characters. DAO governance. Dollar matrix holders can participate in governance decisions, including the development of new DAPPs and protocol upgrades within the Matrix 1 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 dollar 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 Rewardswards 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 LISTINGSAs of the token launch, Dollar Matrix is actively listed on Gate.io, MEXC, and Jupyter. Market capitalization information is available in real-time on Dextools here. Achievements and Milestones Matrix 1 is already home to a functional DApp, Avatar.1, 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 1 technology. About Matrix 1 Matrix 1 is a decentralized platform dedicated to revolutionizing the interaction between users and AI-driven characters. Through its ecosystem of DApps, including Avatar, Matrix 1 leverages blockchain technology to offer centralized ownership, monetization opportunities, and community-driven governance of AI-generated characters. With a rapidly growing user base and innovative use cases, Matrix 1 aims to bridge the gap between AI and blockchain by empowering users to create,

engage with, and govern dynamic virtual characters. Contact Mark Stuttholm, Matrix and A.H.E. at matrix.one. Tip This story was distributed as a release by Chainwire under HackerNoon's business blogging program. Learn more about the program here. And thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.