Matic Network will be joining the BEPSwap Platform to give MATIC token holders the ability to provide liquidity to the MATIC market.
BEPSwap was announced on 10th of July 2019 as the first go-to-market platform for the THORChain protocol.
Any BNB or BEP2 holder will be able to swap BEP2 tokens at market prices — instantly from their wallet. They can also stake their assets in these pools to earn trade commissions. This is a ground-breaking moment for liquidity and by turning unproductive assets into productive ones the incentives are aligned to turn illiquid tokens into deeply liquid ones.
BEPSwap pools are always kept at market price by anyone being able to arbitrage the price of the market back into the pool. This allows it to become a trustless price feed.
Matic — Scalable and instant blockchain transactions
Matic Network brings massive scale to Ethereum using an adapted version of Plasma with PoS based side chains.
Matic Network solves the scalability problems of Ethereum by building a decentralized platform using an adapted version of Plasma framework that provides a solution for faster and extremely low-cost transactions with finality on the main chain. The system ensures liveliness using PoS checkpoints which are pushed to the Ethereum mainchain. This enables a single Matic sidechain to theoretically achieve 2^16 transactions per block, and possibly millions of transactions on multiple chains in the future.
Matic provides a toolkit to developers that help them to scale their DApps massively. Projects can even use their own tokens as settlement fees to run the Network. It provides SDKs and APIs for fast and easy development. Integrate Matic on your DApps with a few simple steps, and give your users a smooth, fast and secure user experience. Settle payment on-chain whenever needed.
Matic provides the following products:
- Wallet: Securely manage and transfer tokens on Matic sidechains, just like on Ethereum.
- Dagger: Dagger is the fastest & easiest way to get real-time updates from Ethereum Blockchain.
- Dagger+Zapier: Zapier is a web automation app and it gives you the power to integrate Dagger For Ethereum with hundreds of other apps to automate your work.
The $MATIC token is used to incentivize security on the network and ensure that the token holders are all rewarded for the growth of the network. This aligns incentives and it means the platform can become scalable and secure in a permissionless setting.
MATIC on BEPSwap
The Matic Network protocol requires the $MATIC token to be deeply liquid and accessible to all who want to be part of the ecosystem. By joining as a BEPSwap Launch Partner, Matic will be one of the first pools, as well as attaining “BASE PAIR” status. This means token holders can choose to swap into and out of MATIC to any other token, including viewing all other tokens in prices of MATIC.
Additional benefits include:
- THORChain will acquire off the market MATIC tokens between now and the launch in order to bootstrap the MATIC pool.
- THORChain and Matic Network will work together to promote the ecosystem.
- Matic Network will be able to stake some parts of their treasury into the pool to offer even more liquidity to token holders.
- MATIC token holders will be able to stake MATIC tokens in order to earn on trade commissions every day.
THORChain is leading the charge of DEFI on Binance Chain with the innovative BEPSwap platform and we are honored that the MATIC token will be issued as a base pair. Not only will our integration provide more liquidity for all tokens listed on BEPSwap, but presenting MATIC token holders with the ability to stake their tokens to earn on-trade commissions daily represents an exciting moment for the Matic Network community. Matic is thrilled to be part of this huge step in the journey for both projects.
– Sandeep Nailwal — Matic Network COO & Co-founder
BEPSwap will change the incentives for providing liquidity to markets, allowing all token holders to be part of a market and earn on trading fees. Matic is an excellent partner to launch with, due to the strength of the team, quality of product and token.
— Kai Ansaari — THORChain Project Lead
BEPSwap is scheduled for public beta in 6–8 weeks. The RUNE token has been listed on Binance DEX to establish a market price with good distribution prior to launch of the pools.
Matic Network BEPSwap AMA
A live telegram AMA will be held in the Matic Telegram group soon to discuss any question the Matic community may have about BEPSwap. Prizes will be available for the best questions. To stay up to date, please join the Matic community: https://t.me/maticnetwork
- Matic has recently announced that their wallet has moved to Alpha-mainnet
Matic Wallet aims to bridge the gap between scalability issues & user experience on Ethereum. It makes it easier for users to interact with scalable DApps deployed on plasma chains on top of Ethereum.
- Matic also attended ETHIndia 2019 and have summarised their trip here:
- Matic recently announced that they will be working with Binance Labs to spearhead the Game Oasis Hackathon Initiative.
THORChain $RUNE has been listed on Binance DEX.
To keep up to date, please monitor community channels, particularly Telegram and Twitter:
Originally published at https://medium.com/thorchain.