MartrixETF is a next-generation decentralized ETF that is Cross Chain enabled. MatrixETF has recently closed its private fundraising round, securing investment from Spark Digital Capital, CMS Holdings, Morningstar Ventures, and others.

Today we have Alan, CTO of MatrixETF, joining us to answer our questions for the next hour.

Alan, MatrixETF CTO

I graduated from Ontario Institute of Technology, used to be Technical Director of multiple blockchain projects.

As time goes on we realized that the crypto market is getting more and more mature, there is a huge chance for DeFi ETF. In this case, we have built MatrixETF team with our technical and investment experience at the beginning of 2021, to start over the crypto DeFi ETF field

Question from the CryptoRank team

#1. Can you tell us about MatrixETF? What problems do you solve, both in the space and for the community?

Alan: – MatrixETF is a cross-chain enabled and decentralized ETF platform, our goal is to achieve decentralized and stable wealth growth. MatrixETF will provide users with various and automated ETF portfolios to lower the threshold of crypto investment and realize financial implementation. Along with the hotness of the DeFi market, more and more investors are focusing on the crypto market. Although for the beginner the DeFi market is not friendly enough, investors not only need to choose potential and valuable projects from the DeFi market but also need to get through complicated workflows such as wallet exchange, verifying smart contracts, high Gas fees, etc. Index investment doesn’t need investors understanding the specific asset, but requires them to have a general understanding of the whole market. Everyone can invest their assets on the ETF index to gain profit from various portfolios, which will be the best investment way of “ invested then forgot it”, meanwhile it’s MatrixETF vision as well.

#2. Could you shortly describe the milestones MatrixETF has achieved, and about your upcoming plans?

Alan: –There are 4 phases on MatrixETF product development:

• Phase1：Platform Self-created Funds
• Phase2：Support for Adding Derivatives
• Phase3：DAO Community Governance
• Phase4：MatrixETF Components

Nowadays MatrixETF is in the first phase, in the future, we will promote more conceptual ETFs to track high-quality Tokens in the DeFi industry. In phases 3 to 4, we will gradually hand the governance right to our community, at the same time, MatrixETF will provide SDK toolkits to professional fund managers & institutions and influences, in order to create their own ETF.

Recently MatrixETF has deployed smart contracts on both Solana and Ethereum, and we have successfully done our first phase of testnet. We planed to officially launch more than 2 ETF products before the end of September, which include 1 Ethereum based ETF and 1 Solana based ETF. In the future, we will deploy products on several public chains such as BSC, Polygon, Near in order to meet more users’ investment demands.

Questions from Twitter

#1. Can you point to a feature that you like best on the platform so that it can compete with other competitors? What are you most confident about your background? Do you have a plan to get users to choose your platform?

Alan: – Compared with other platforms, well our advantages are focusing on Cross-chain enabled, customized fund creation, Aggregator Vault, etc. Customized ETF is the feature we like most on MatrixETF, in the future MatrixETF will develop an SDK toolkit to provide for professional fund managers/ institutions and influencers, they can create their own ETFs. This kind of modular SDK makes fund issuance management as easy as Lego bricks, which greatly improves the fund freedom and provides extra income for users.

Our background as you can see is strong and stable. High reputation projects, such as Solana Eco Fund, Spark Digital, CMS, Divergence Ventures, etc, have done enough researches and audits and finally chose MatrixETF.

Yes, we do have the plan to attract users to choose MatrixETF, we are doing airdrops and have successfully done the open test, in future we will combine NFT with ETF, and provide governance and voting rights to our seed users, etc.

#2. What is the next big step for your project?

Alan: –  Our next big step for MatrxiETF is officially launching IDOs on more than 2 platforms before the end of this month, also we will launch MatrixETF mysterious function, please stay tuned!

#3. What is the number of MDF tokens? They are on ETH or another? And will MDF tokens be burned?

Alan: – Number of MDF tokens: 1000,000,000. They will be on Ethereum and Solana, MDF is full of value and incinerable. There is the incineration of MDF on our platform, we will provide part of profits for users to buy back MDFs, which will be used for burning and realize Deflation.

Questions from Telegram

#1. Do you have audit credentials or are you working to audit your project, to make it more secure and reliable?

Alan: – Yes we have provided the code to the audit company, planning with audit result for next month, we will inform everyone once there is an update.

#2. Where can I buy your tokens now, what are your current contracts and how can I buy them and what are the benefits?

Alan: – You can buy our tokens on MatrixETF after IDO that we haven’t launched officially yet, we will launch it officially at the end of this month, please stay tuned!

#3.  I would like to know about the use-case of your tokens. Can I do staking and earn a passive income?

Alan: – You can see our use-case as below, you can stake and earn a passive income in MatrixETF which appeals to Crypto Beginners and professional users. Crypto Beginners can buy ETF, NFT, and participate in staking to gain income, professional users can not only buy ETF but also use toolkits on MatrixETF, as well as create their own ETF and participating in the DeFi ecosystem.