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 undergone a revamp, allowing mid-tier players to benefit as well. The first project after the revamp is @matchain_io. I took a look at the introduction, and it’s a decentralized AI blockchain focused on data and identity sovereignty. It sounds a bit complex, but after reviewing the documentation, it became quite simple. #Let’s put it in plain terms 1️⃣ First, it is an L2 on the BNB chain, which allows them to have ultra-low network fees and massive throughput, making it naturally suitable for high-frequency applications that seek low costs. Many parallel EVMs are currently doing this. 2️⃣ Then, MatchID is their current main feature, which allows you to create your crypto account through email/social accounts, establishing a decentralized identity. Developers can then integrate this into dApps for identity verification, fraud prevention, and data management, including but not limited to DeFi, gaming, social, and AI collaboration. 3️⃣ The above describes how it works. I personally believe the significant highlight is that the low costs can provide great support for AI and gaming applications, and secondly, the innovation of MatchID. Finally, according to DappRadar data, it has ranked first in L2 for seven consecutive days, possibly due to the TGE, leading to a small surge. The Alpha phase leads to the MatChain stage achievements, meaning it is gradually entering more people's view. Whether there will be significant breakthroughs in ecological construction remains to be seen; we look forward to it, NFA.
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