Details of Matrixswap IDO Launch on CardStarter
CardStarter, the world’s premier incubator, launchpad and insurance program for Cardano projects, is proud to announce that Matrixswap will be launching as an IDO.
Registration begins September 3rd at 8AM PST/3PM UTC & the IDO event will be held September 7th at 8AM PST/3PM UTC.
Founded in late 2020, the Matrixswap team is engineering a fully decentralized virtual automated market maker (vAMM)-based perpetual swaps trading protocol that trades on both Polkadot, Cardano, and Polygon blockchains. Matrixswap distinguishes itself from traditional AMMs by offering leveraged perpetual swaps; users can indefinitely hold long or short positions in any asset, leveraged up to 25x.
Matrixswap’s vAMM also offers infinite on-chain liquidity. In the vAMM futures market, traders rely heavily on accurate price feeds for funding rate calculations. For this, Matrixswap uses a time-weighted average price of assets (TWAP), sourcing data from an array of oracles including Kylin Network, Charli3, and Chainlink. Matrixswap aims to be a fully community-owned and governed DeFi protocol.
“The CardStarter team is very excited to work with Matrixswap on their IDO launch. The innovation and opportunities that Matrixswap brings to the industry is much needed and highly anticipated. CardStarter is proud to play a part in bringing this technology to the Cardano community.” ~ Amir Aatash, CEO CardStarter.
About Matrixswap
Matrixswap is a fully decentralized virtual-AMM-based perpetual swaps trading protocol deployed on the Polkadot and the Cardano blockchains. Unlike traditional AMMs, users can long or short any assets’ perpetual contracts with up to 25x leverage. Matrixswap aims to be a fully community-owned and governed Defi protocol.
About CardStarter
CardStarter is the first incubator, launchpad and insurance program for projects being built on the Cardano network. The CARDS platform is a unique and dynamic launchpad, connecting projects to early supporters and a network of key partners. The Cards Accelerator Program (CAP) team works with each project individually to establish the right connections and map marketing strategies, establishing the foundation for long term success.
CardStarter is also differentiated by its charge to protect its supporters. CARDS provides unbiased third-party audits of every project’s code and protects IDO participants with an in-house insurance program. CardStarter is proudly partnered with X21 Digital, BlockSync Ventures, Moonwhale Ventures, Genesis Shards, Plethori, Fractal, PARSIQ, Scryptic Tech and Longtail Financial. Once fully built, CardStarter will be an all-inclusive platform with a decentralized exchange to complement the current offerings. CardStarter also aims to be a nurturing force in the Cardano ecosystem, with hackathons and project development support being a major focus of the roadmap.
📰 INFO
https://cardstarter.medium.com/cardstarter-to-host-matrixswap-ido-launch-c9ba334da2b9
