How to Participate in the Matrix One IDO?

Matrix One $MATRIX IDO is coming to Polkastarter on Wednesday, September 4, at 2 pm UTC

30 Aug 2024

The Matrix One IDO is coming on Wednesday, September 4! If you're not verified with Synaps already, the time to complete KYC is now!

Complete KYC

Matrix One KYC closes on Tuesday, September 3, at 10:00 AM UTC

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Matrix One IDO will be the last sale to follow our old tier structure that includes 250 POLS Power as the minimum tier

You will need both MetaMask and Solana wallets for this sale. While the IDO will take place on the BNB Chain, your $MATRIX tokens will be distributed on Solana using a dedicated claiming portal.

If the IDO process isn't clear for you, keep reading. In this blog, we'll walk you through all the key IDO details and provide a step-by-step guide to help you participate smoothly. Stay tuned!

Key IDO Metrics

Public Sale for $MATRIX
Allowlist Closing & KYC Open Date	Friday, August 30
KYC Closing Date	Tuesday, September 3, 10:00am UTC
IDO Date	Wednesday, September 4
IDO Time	2:00pm UTC - Guaranteed round 3:00pm UTC - FCFS round
Token Ticker	$MATRIX
IDO Price	$0.0016
Network of Contribution	BNB Chain
Token Needed to Buy Allocation	$USDT on BNB Chain
Token Needed to Pay for Gas	$BNB on BNB Chain
Network of Distribution	Solana (tokens distributed via dedicated claiming portal)
Allocations	$100-$1,200 - based on POLS Power tiers
Total Supply	10,000,000,000 $MATRIX
Initial Circulating Supply (%)	5,9337%
Initial Circulating Supply (incl. MM)	539,337,500
Initial Market Cap (incl. MM)	$862,940
Fully Diluted Valuation (FDV)	$16,000,000
Token Release Schedule	15% unlock at TGE, 1-month cliff and 5 months daily linear vesting

Learn more about Matrix One IDO terms and conditions in their Tokenomics and on our Project Page.

Allocations

Matrix One IDO will follow the allocation-per-tier system.

Here's the allocation breakdown:

Tier 1 - 250 POLS Power - $100
Tier 2 - 1,000 POLS Power - $250
Tier 3 - 3,000 POLS Power - $400
Tier 4 - 10,000 POLS Power - $600
Tier 5 - 30,000 POLS Power - $900
Tier 6 - 50,000 POLS Power - $1,200
Community winners - $400

You will be allowed to buy $MATRIX up to your maximum allocation size, in one or multiple transactions. You can contribute less than your max allocation, but not more.

Note that you have just one max allocation for the entire sale - if you contribute your full allocation in the guaranteed round, you will not have any extra allocation to use in the FCFS round.

Sale Structure

Matrix IDO will be following the guaranteed allocation setup.

Here’s the sale structure:

2:00 PM UTC - Guaranteed Allocation phase begins. For exactly 1 hour, users with "Allowlisted" Matrix One application status on their Dashboard will be able to buy up to their full allocation, in one or multiple transactions.
3:00 PM UTC - First Come First Served (FCFS) phase begins. Now all of the users with "Allowlisted FCFS" status will be able to join the pool and buy up to their tier's respective max allocation.

👉 For more information about the Guaranteed Allocation sales, visit our dedicated blog article here.

IDO Participation on the BNB Chain

To buy $MATRIX tokens during the IDO, you will need to prepare $USDT stablecoins on the BNB Chain.

If you’re new to BNB Network and Polkastarter sales, we’ve got you covered. Here are some useful links to get you started:

👉 How to Prepare for the IDO on BNB Chain
👉 How to Add BNB Chain to Your MetaMask Wallet

On the sale date, you will be able to access the pool on the Project Page.

Token Distribution on Solana

⚠ The $MATRIX token distribution process will be different compared to other IDOs on our platform.

While contribution (buying allocation) will happen with $USDT on BNB Chain, you will claim your $MATRIX tokens purchased during the sale directly on Solana. Claiming will take place in a dedicated portal prepared by the Matrix One team.

Here’s the distribution process overview:

After successfully participating in the IDO on BNB Chain, your $MATRIX tokens will be available to claim with the Solana wallet you provided in the allowlist form.
You will find the allocation card in your Polkastarter Portfolio. It will redirect you to the claiming portal set up by the Matrix One team.

The first $MATRIX token distribution will happen at TGE (Token Generation Event = the exchange listing day) when the 15% of vested tokens become available. The tokens will be continuously unlocked and available to claim in the claiming portal according to the vesting schedule.

Where to Get Help?

If you have any questions, you’re welcome to join our Telegram or Discord communities. Our dedicated team of moderators is available 24/7 to assist you with any challenges you may be facing. You can also browse through the FAQ on our Support Page. 🛟

About Matrix One

Matrix One is a decentralised, Solana-based AI protocol designed to democratise the creation and ownership of AI-powered characters. It offers tools for developers to craft, modify, and deploy human-like AI characters across various applications, including gaming, education, and customer service. Matrix One aims to enhance digital interactions by making AI characters immersive, accessible, and interoperable.

About Polkastarter

Polkastarter is the leading early-stage fundraising protocol, enabling web3’s most innovative projects to kick-start their journey and grow their communities. Polkastarter allows its users to make research-based decisions to participate in high-potential public sales and be early to the future of web3.

IDO