Apr 18, 2019
Matrix AI Network: The Mainnet Swap Completed And Masternode Deployment Is Officially Open
Biweekly update 4th April — 18th April
This is not financial advice.
During the last two weeks Matrix AI Network illustrated average social activity. The Matrix Community started staking their Masternodes on April 13th. Deploying and staking a masternode is a multistep process. Don’t forget to read detailed instructions to ensure the successful launch of your Matrix Masternode. Moreover, the mainnet swap has completed recently. The Matrix team prepared a convenient token swap method accessible via Matrix’s own online wallet. Mining masternodes is gaining popularity: more and more nodes are entering the system at a rapid pace. Plus China’s famous rating agency BiQuan Choice gave MAN a high score of 214/300 as an investment. Further updates will follow!
Development
The Matrix Community will be able to start staking their Masternodes on April 13th at 11am (Beijing Time). Before attempting to deploy and stake your Masternode, please confirm that you have already swapped enough native MAN tokens. You cannot stake a Masternode on the Matrix Mainnet using ERC20 tokens! You may download the Matrix AI Network Token Swap Manual for detailed instructions.
For those unfamiliar, deploying and staking a masternode is a multistep process. As such, the team has prepared a detailed Node Deployment Manual for MAC and Windows users . Please follow the steps with precision to ensure the successful launch of your Matrix Masternode. A summary follows.
Before deploying your Matrix AI Network Masternode
Things you need:
- The Matrix AI Network Node Deployment Manual
- Two Matrix web wallet addresses
- A computer
Two Matrix web wallet addresses
It is recommended to use two Matrix wallets when deploying a Masternode. This will make your Masternode more secure. You will need to have access to both wallets’ keystore files. You can open new wallets and download related keystore files as necessary using the Matrix Web Wallet.
For the purpose of this guide, your two wallets will be identified as followed:
- Wallet A: Your existing Matrix wallet that holds all your MAN tokens
- Wallet B: A brand new wallet created for the purpose of deploying a Masternode
As a general strategy, after successfully setting up your node, we suggest keeping Wallet A in a safe place as this wallet will receive the block rewards. Wallet B can be used to manage daily Masternode activities and will not hold and MAN tokens.
Don’t have native Matrix tokens?
If you do not have sufficient native MAN tokens in your Wallet A, you will not be able to stake a Masternode on the Matrix AI Network. You will need at least 10,001 MAN tokens to stake a Mining Masternode and 100,001 tokens to deploy a Verification Masternode. If you need to swap more tokens, please follow the detailed instructions in the Matrix AI Network Token Swap Manual. Do NOT send ERC20 MAN tokens directly to the Matrix Foundation Token Burn Account Address from an exchange wallet or hardware wallet.
About block rewards
The Matrix AI Network aims to generate a new block approximately every 6 seconds. Each block yields 10 MAN tokens. Of each block’s total block rewards, the Mining Network receives 30%, the Verification Network receives 50%, and everyone with staked tokens share the remaining 20%.
Every cycle (300 blocks), 32 Mining Masternodes and 19 Verification Masternodes will be selected. In addition, the Matrix Foundation will provide 3 voluntary nodes to assist in completing the block generation.
Social encounters
China’s famous rating agency BiQuan Choice gave $MAN a high score of 214/300 as an investment. Some highlighted points：
- Huge market of AI+blockchain
- Many technical innovations
- All-star team
- Safe fund supervision
- Undervalued in market
See also:
Finance
KuCoin has completed the MainNet swap of Matrix AI Network (MAN), and the deposit and withdrawal functions are now open.
Roadmap
What’s next?
- GPU mining will be available in the summer of 2019.
- FPGA mining will be available by the end of 2019.
- This April, Matrix will have the 1st generation smart contract verification toolkit online. A more comprehensive version will be ready in the latter half of 2019. As for natural language intelligent contracts, Matrix team plans to release a template-based version in the latter half of 2019.
Partnerships and team members
No updates
Rumours
Social media metrics
The chart above illustrates a slight decline in the number of Telegram followers. In general, Matrix AI Network experiences average level of social activity.
- Twitter (Matrix AI Network) — official announcement channel (100–400 likes per publication).
- Facebook — official announcement channel — duplicates news from Twitter (10–20 likes per publication).
- Reddit — news about projects and blockchain, links to interviews, podcasts, upcoming events.
The graph above shows the dynamics of changes in the number of Matrix AI Network Reddit subscribers, Twitter followers and Facebook likes. The information is taken from Coingecko.com
