On August 5th, HashKey Global launched the 6th project on HashKey Launchpool – Matr1x (MAX), also the first project to introduce an exclusive contract mining pool.
Users can earn MAX rewards for 3 days based on their net contract holdings. Profits for registered participants start accruing from 10:00 (UTC) on August 5, 2024. The APR for holding the contract pool on the first day is as high as 700.47%, setting a new earnings record for HashKey Global Launchpool.
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Balancing Profit and Risk for Holding Contracts
What kind of strategy should be adopted for holding contracts to better balance profit and risk? How does HashKey Global’s Launchpool empower projects? What are the investment prospects for Matr1x (MAX)?
Buying spot and opening a short position for double leverage is the optimal solution for holding contract Launchpool.
Given the recent volatility in the crypto market, many investors may be hesitant to hold contracts. However, they still want to profit from HashKey Global’s Launchpool. To achieve this, a certain level of trading knowledge and arbitrage hedging is required. A straightforward method involves buying BTC spot, then opening a one-time short position using futures products. Holding this position for three days satisfies the requirement for the contract Launchpool. After the Launchpool event concludes, selling the spot and closing the short position allows for profit with no losses.
If you participate in the event with 20,000 U, where 10,000 U is used to buy spot and 10,000 U is used for a one-time short, with a net contract holding value of $10,000, calculated based on the Launchpool’s first-day earning rate, the final profit obtained could be 575 U.
The calculation method for earnings in the contract holding Launchpool is as follows:
Hourly earnings from the futures pool = [(Value of your net futures position) / (Total value of net futures positions of all participants)] × (Hourly MAX bonus pool)
Net futures position = | Σ(Long position value) – Σ(Short position value) |
APR = Estimated mining earnings / Margin balance in user’s futures account.
Note: As the total funds in the futures pool increase, the earnings for users with unchanged net futures values decrease. Additionally, participants in the contract holding Launchpool need to hold their futures positions for at least three days to earn profits.
Empowering Matr1x Through HashKey Global’s Launchpool
HashKey Global Launchpool offers financial products for all crypto traders on the platform. In the previous Launchpool, participants staked a token (such as ETH or a newly listed token) to receive tokens from a new project, providing substantial returns and a risk-free opportunity for users.
In the latest Launchpool event, in addition to staking, a new contract holding gameplay has been introduced. Essentially, the contract holding Launchpool distributes rewards in Launchpool tokens based on users’ net futures positions. This innovation truly rewards trading enthusiasts, not just token holders. The contract holding Launchpool is a pioneering initiative by HashKey Global.
For projects participating in Launchpool, the contract holding Launchpool gameplay helps expand their investor base. With HashKey Global’s diverse investor base, the contract holding Launchpool offers projects the opportunity to directly interact with investors, thus accelerating market acceptance of the project.
In-Depth Analysis of MATR1X Platform’s Value Potential
Project Overview
MATR1X is an innovative cultural entertainment platform that combines Web3 gaming, artificial intelligence, esports, and blockchain infrastructure, aiming to transform the global gaming and digital content industries through blockchain and AI technologies, accelerating the arrival of the Web3 era.
The core team members have collaborated for over 10 years, each with an average of over 10 years of gaming and more than 5 years of blockchain industry experience. Cumulatively, they have developed and operated games with over 4 billion users and revenues exceeding $50 billion, including products like Call of Duty Mobile, PUBGM, and Cross Fire mobile games, making them one of the few global development teams capable of creating large-scale mobile products.
MATR1X Platform’s Current Offerings
Currently, the MATR1X platform includes 4 Web3 native games:
MATR1X FIRE: A classic shooting mobile game, the first true shooting game in Web3. It is currently in the testing phase, with global downloads surpassing 2.5 million. The goal of this product is to become the first non-trading application in Web3 with over 10 million users after its official launch.
MATR1X BATTLE: The first Web3 cyberpunk battle royale mobile game.
CASTILE: Next-generation idle RPG+Roguelike 3A game set in the Fantasy Cthulhu universe. In the initial testing phase, it attracted 5000 core players, with a 14-day retention rate exceeding 90%.
Evermoon: A 5v5 MOBA three-lane PvP game featuring a sustainable free-to-play model, an in-game currency earning multiplayer economy system, and NFT support. The game has already been downloaded over 100,000 times.
Additional Offerings in the MATR1X Game Ecosystem
GEDA: A Web3 esports game ecosystem that introduced the world’s first Web3 esports professional championship and a decentralized esports platform. It aims to attract billions of esports enthusiasts and gamers, serving as an extension of Cyber Games Arena (CGA) renowned for hosting over 500 global esports events like “Heroes Return” and “Sotai Cup Master,” drawing over 66 million viewers worldwide.
M1-Chain: The MATR1X ecosystem’s public chain, based on OP-Stack-ZK, dedicated to providing better infrastructure support for the MATR1X ecosystem, enhancing interactive experiences, and attracting more high-quality games to join the ecosystem. A testnet has already been launched.
Unlike most blockchain gaming projects, MATR1X is building its own game ecosystem. This system not only includes a variety of games for players to choose from but also encompasses its own game public chain and esports platform, creating a closed-loop ecosystem.
Funding Situation
According to ROOTDATA, as of now, MATR1X has undergone multiple rounds of funding, with publicly disclosed total funding exceeding $20 million, including:
On September 19, 2022, announced the completion of a $10 million seed round and A-1 round of funding led by Hana Financial Investment.
On November 23, 2023, announced the completion of a $10 million A-2 round of funding led by Folius Ventures and SevenX, with other institutional investors including ABCDE, Find Satoshi Lab (an investment fund under StepN), and Jambo Ventures.
Subsequently, MATR1X received strategic investments from various well-known investment institutions, including:
On December 12, 2023, announced the completion of an A2+ round of funding with the sole investor being OKX Ventures (specific amount undisclosed).
On February 21, 2024, announced a strategic investment from Animoca Brands (specific amount undisclosed).
On July 26, 2024, announced an investment from Makers Fund, one of the top three game funds in the United States.
MAX Token Value
According to information released by MATR1X, the platform’s native governance token is MAX. The total token supply is 1 billion, intended to support various applications and services within the ecosystem, without undergoing public fundraising or private sales.
For the initial 1,000,000,000 MAX tokens, the specific allocation breakdown is as follows:
NFT Airdrop: 94,000,000 MAX tokens, accounting for 9.4% of the total supply, airdropped to MATR1X platform NFT holders (such as YATC and KUKU).
Platform Contribution: 276,000,000 MAX tokens, representing 27.6% of the total supply, used to support innovation and development on the MATR1X platform.
Ecosystem: 160,000,000 MAX tokens, making up 16% of the total supply, to establish initial liquidity and drive ecosystem expansion.
Early Bird Activities: 55,000,000 MAX tokens, comprising 5.5% of the total supply, rewarding early supporters like early testers and Apollo Plan participants.
Community: 100,000,000 MAX tokens, accounting for 10% of the total supply, incentivizing community members to participate in development.
Investors and Team: 300,000,000 MAX tokens, representing 30% of the total supply, allocated for early investors and the founding team.
Advisors: 15,000,000 MAX tokens, making up 1.5% of the total supply, as rewards for advisors providing strategic support to the platform.
The MATR1X platform aims to address the common “death spiral” issue in blockchain games by offering a range of popular games and continually empowering the MAX token.
Conclusion
In conclusion, the MATR1X platform focuses on high-quality games and a multidimensional entertainment ecosystem to enhance gameplay and ensure the sustainability of the economic model. By providing players with immersive experiences similar to large-scale Web2 games and creating broader applications for the MAX token, MATR1X aims to capture the revenue value of each game through interconnected systems, avoiding the “death spiral” in Web3 game economies.
MATR1X places games at the center to build a diverse entertainment ecosystem, attracting both Web2 and Web3 players and enhancing project visibility. With over 50 online and offline esports events successfully hosted, accumulating over 10 million viewers, MATR1X serves Web3 players while attracting traditional gamers, enriching the gaming community and solidifying the ecosystem.
In summary, the MATR1X platform, with its focus on high-quality games and a multidimensional ecosystem, aims to enhance gameplay, ensure economic sustainability, and provide players with enjoyable gaming experiences and significant returns. The success of the first game, MATR1X FIRE, with over 2.5 million downloads, sets a promising start for the ecosystem’s future. Moving forward, MATR1X will introduce the second game, MATR1X BATTLE, and its independently developed public chain to further attract both Web3 and Web2 players. Therefore, the launch of the MAX governance token on the Hashkey Global launchpool undoubtedly marks one of the most anticipated GameFi and metaverse projects currently.
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