Matrixswap to Be Launched as an IDO by CardStarter

CardStarter, with its Cards platform, is a unique and dynamic Launchpad that connects early supporters and a network of key partners to the projects built on the Cardano network. Its Card Accelerator Program (CAP) team works individually upon each project while establishing the right connections and using the right map marketing strategies to establish their long-term success in the industry.

Matrixswap, which was founded in late 2020, on the other hand, is a fully decentralized virtual AMM-based perpetual swap trading valuable protocol for trading on both Cardano and Polkadot blockchains. In contrast, the users of the traditional AMMs can long or short any of their assets’ eternal contracts by leveraging them up to 25 times. Matrixswap now wants to be a DeFi protocol that is entirely controlled and owned by the community. The Matrixswap’s vAMM is also known to provide infinite on-chain liquidity. The future market of vAMM makes the trader depend heavily on accurate price feeds to fund calculations of the rates. Matrixswap uses a weighted average price of assets (TWAP) for providing such precise price feeds by sourcing data from a collection of oracles, including the Kylin network, Charli3, and Chainlink.

The good news is that the CardStarter team is ecstatic to be collaborating with Matrixswap for their IDO launch. According to the CardStarter team, the innovation and opportunities brought by the Matrixswap to the industry are not only highly anticipated but much needed, and CardStarter is proud and happy to be a part of facilitating this technology to the Cardano community, says Amir Aatash, CEO for CardStarter.

Registration for the big IDO Crypto Event held on September 7th at 8:00 AM PST/ 3:00 PM UTC will begin from September 3rd at 8:00 AM PST/3:00 PM UTC.