Matic Network Joins Binance Chain Alliance

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Matic Network joins Binance Chain Alliance

We are thrilled to announce that Matic Network is joining the Binance Chain Alliance!

Binance Chain Alliance is a collective group of blockchain visionaries of their respective projects that have successfully migrated onto Binance Chain and have been listed on Binance DEX.

Although not officially affiliated with, the alliance’s focus is to support other projects and their founders in transitioning onto Binance Chain. The alliance will offer support in multiple areas such as financing, technology, KYC and network instructions.

Matic Network is delighted to take part in Binance Chain’s growing ecosystem. At the time of writing, Binance Chain and Binance DEX have handled over 10 million transactions of over 250,000 addresses. Within only six months of its launch, Binance DEX has migrated 130+ different tokens onto its platform and these numbers continue to grow by day.

Together, we’ll accelerate the advancement of Binance’s decentralized network.

About Matic Network

Matic’s mission is to drive mass adoption through our Layer 2 scaling solution through decentralization, scalability, & security. We achieve this by utilizing sidechains for off-chain computation while ensuring asset security using the Plasma framework and a decentralized network of Proof-of-Stake (PoS) validators.

Matic strives to solve the scalability and usability issues of the blockchain ecosystem while not compromising on decentralization and by leveraging the existing developer community and ecosystem. Matic Network is an ​off/side chain scaling solution for existing platforms to provide scalability and superior user experience to DApps/user functionalities.

Matic Network had a huge Q3 2019. In September, Matic released the staking economics details to the community. In order to become a validator, one must hold a minimum of 1,500,000 MATIC tokens. Incentives, staking rewards, validator information and more will be released shortly.

To close off Q3 2019, Matic Network launched the release of the Beta-Mainnet just a quarter after launching its Alpha-Mainnet. The launch of Beta-Mainnet is the final step in preparation for the final Mainnet. With the Beta-Mainnet, we have implemented Plasma Predicates – the first time predicates are being used in a production-ready system.

This is just the beginning of the Beta-Mainnet. At the time of writing, we will have 6 projects (4 new to the Matic ecosystem and 2 existing) live on the Beta-Mainnet and we’re continuously onboarding new projects to our Beta.

Closing Statements

We look forward to collaborating with some of the great emerging projects of the space and offering our full support in the growth of Binance Chain Alliance and the many projects that has yet to come.

Binance Chain Alliance is ushering a new foundation of support to ensure the growth and success of the space.

We’d like to extend our gratitude to Cubeix and their CEO Pierre Cahine for inviting Matic Network to join their launch of Binance Chain Alliance.

Connect with us

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