# Introduction
Brief Introduction to this document.
This **Wiki** is intended to explain what[ **MatrixETF**](https://www.matrixetf.finance/) is, how it **works,** and how it will **evolve**.
*Please note that this knowledge base will be constantly updated and edited, always refer to the latest version for the most updated details. It is also possible that this document will not contain the most recent changes to the platform and the products found within, as they all hold precedence to this document. However, we will do our best to maintain this document to the best of our abilities.*
# Introduction
Brief Introduction to Crypto ETF.
Since the first American Exchange Traded Fund (ETF) was launched in 1993, the development of ETF has come a long way. Nowadays, investors are generally aware that ETF is an indispensable financial tool. As of the end of October 2020, the amount of index products worldwide is about $10 trillion, and it is estimated that it will exceed $12 trillion by 2023.
In contrast, the development of ETF in cryptocurrency market is still in an embryonic stage, and it began to taken shape with the rise of DeFi.
In 2020, the cryptocurrency market has a new development opportunity. With the rise of DeFi projects represented by COMP, YFI, UNI and AAVE, the value of Token has been improved by means of Mining, AMM, Farming and Aggregators. It makes the cryptocurrency market is no longer a single spot trading stage and gradually forms the base currency represented by BTC and ETH, public chain ecology represented by ETH, BSC and SOL, DeFi ecology represented by COMP, YFI, UNI, AAVE and Sushi, and NFT ecology represented by Flow, MANA, ENJ and CHR, the whole market and ecology are gradually getting matured.
The cryptocurrency market has transitted from the spot trading and mining stage to the DeFi + Farming stage, and the crypto ETF has come out.
With the boom of DeFi, an increasing number of investors start to tune in to the cryptocurrency market. But for those newcomers, the market is not so friendly. Investors need to not only screen out potential and valuable targets from many projects, but also face various complicated processes such as wallet use, intelligent contract screening, high gas handling fee, etc.
For ordinary investors, the simpler the investment, the better. They have the opportunity to invest without being proficient in the complex operations. Therefore, the value of ETF index investment gradually appears.
In fact, index investment does not need investors to know too much about specific assets, but an overall understanding of the industry is needed. Anyone can allocate their assets to the index products, such as ETF or mutual fund, so as to obtain the investment exposure of a variety of asset portfolios and gain larger profits. This is undoubtedly a "HODL".
Despite crypto index products may be few in number and the differences between them are small, the index products of DeFi have been emerging in the past few months. In the meantime, with the rise of liquidity mining, many token indexes provide additional benefits for liquidity providers (LP). Therefore, by becoming the LP of the DeFi index, the investor's portfolio will obtain higher passive returns while holding DeFi tokens. This makes crypto index one of the most attractive investment opportunities in DeFi.
In the traditional financial market, the amount of ETF products is dozens of times that of the stock market. We strongly believe that with the development of the cryptocurrency market, the crypto ETFs will grow up and become the mainstay of the cryptocurrency market.
# MatrixETF
MatrixETF is the **next generation of decentralized ETF** platform supporting cross chain.
Its aim is to establish a decentralized, automated, personalized and diversified ETF portfolio to lower the bar of the cryptocurrency market for ordinary investors, and help them obtain diversified strategic returns through more convenient operation process and more efficient portfolio allocation, so as to achieve long-term and stable wealth growth.
# Vison
Inclusive financing is a concept of financial services proposed by the United Nations in 2005, which means the public has equal access to responsible and sustainable financial services. Inclusive Finance aims to provide financial services and products to help low-income population, integrate the whole population into the economy system, and reorganize various financial services to meet their needs.
However, according to the World Bank Report, there are still 2 billion people in the world who do not have access to formal financial services, accounting for 38% of the world's adults. Another 73% of the poor could not have bank deposits because of the cost of opening an account, geographical restrictions, personal beliefs, and other difficulties. So, a third of the population in the world is still excluded from the formal financial system. The unbalanced development of finance can lead to the the polarization of wealth, and even social unrest.
The introduction of crypto network and decentralized finance provides possibilities for improving the operation mode of the financial system, which can eliminate the geographical limitations of the traditional financial system to the greatest extent and seek permission. However, we must admit that the whole cryptocurrency market is still in a relatively primary stage, and the DeFi finance is not suitable for everyone.
There are high requirements for ordinary people:
1. They need a lot of professional knowledge and skills, including blockchain technology, transaction process and wallet creation, etc.
2. The high volatility of the encryption market means that they need to spend a lot of time to track the trend and direction of the cryptocurrency market on a regular basis.
3. On-chain transaction needs the higher gas fee and longer wait time, and the trading and transfer process are complex.
4. There are numerous blockchain projects in the market, many of which are frauds and manipulations, so it is required that investors have a strong capability of investment.
These requirements limit the opportunity for ordinary people to enter the encryption market and participate in the DeFi, making the DeFi a luxury for a small minority group.
We believe that based on the diversity, operability and programmability of the DeFi ecosystem, we can develop and combine the DeFi products in the market like building LEGO blocks, create more innovative financial products, form a strong interoperability between them, and better interact with other financial agreements with open license.
The vision of MatrixETF is to conceive a financial world in which the acquisition of wealth is a passive and automated process. Anyone can make fortune through the Internet regardless of geography and infrastructure, and obtain an open and transparent investment portfolio and various investment strategies to quickly and easily participate in DeFi finance so as to obtain income and incentives, and jointly determine the direction of development through DAO community.
**The future belongs to every MatrixETF participant.**
# Roadmap
**There are MatrixETF product roadmap as below:**
## 2021 Q4
* Realize ETF functions such as Swap, Mint, Redeem on both ETH and Solana
* Develop the interaction webpage between ETF and users
* Get through code audit and official public testnet
* Build complete ETF interaction webpage
* Launch more than 2 ETFs and operate stably
* Turn on ETFs and MDF liquidity pool and allow users to participate in asset management in the pool, which include Staking/Lending/Farming
* DEX transaction function-Mswap,include Exchange between ETF and main tokens and Add LP liquidity
* Cooperate with other projects and establish LP together
## 2022 Q1-Q2
* Allow mutual transactions between ETF component currencies, create extra handling fee profits to ETF
* Design various ETF products with different functions such as integrate with hedge or embed with other ETFs
* Autonomous rebalance mechanism which can execute ETF Rebalance automatically and follow rebalance strategy weekly or monthly
* Develop initial dynamic AMM management function such as ETF will automatically increase qualified component currency proportions and decrease unqualified currency proportions
* Complete NFT Blind Box and Matrix NFT functions, accomplish user incentive NFT product of MatrixETF
## 2022 Q3-Q4
* Establish DAO and gain ETF governance to allow DAO proposal and deploy ETF contracts etc
* Develop toolkit modular component of DeFi middleware, from which users can launch their own ETFs freely
* Allow users customize ETF strategy, manage ETF assets to increase ETF value and participate in DeFi ecosystem by the toolkit modular component
* Upgrade AMM governance strategy
* Develop ETF Vault Aggregator, users can obtain extra profits efficiently
* Deploy ETF gradually on other public chains such as BSC/Polygon
* Cooperate with well-known institutions and add active ETF sector
* Cooperate with other platform to launch contracts or options based on ETF
The launching of 2 Matrix Index products will meet various investment demands of community users in crypto market. We will gradually iterate optimizing the products to meet encrypted ETF investment desires. Meanwhile we are on the process of User Incentive Proposal for MDI/MSI/MDF holders, which will be announced in the near future. Stay tuned with MatrixETF!
# MatrixETF FAQ
During the Open Test of MatrixETF process, there are quite few users asking the questions relevant about MatrixETF. Here we have summarized those common questions below for better understanding by users.
## 1. What’s ETF?
An exchange traded fund (ETF) is a type of security that tracks an index, sector, commodity, or other asset, but which can be purchased or sold on a stock exchange the same as a regular stock.
## 2. **What’s the difference between MatrixETF products and traditional ETF?**
The main differences between MatrixETF and traditional ETF:
## 3. How is the net value of MatrixETF fund calculates?
The fund net value is the net asset value of each fund unit.
Fund Net Value=Total Fund Net Asset Value/Total Fund Unit
The total fund net asset means the sum of all fund value
The total fund unit means the total circulation of fund on the market
Generally the initial value of fund net value is 1.
## 4. What’s is the discount and premium of ETF?
The ETF transaction price is called “Market Price” which depends on transaction of all the participants.
There is a unique Mint/Redeem mechanism of ETF in primary market, which means investors can exchange ETFs (Mint) to stocks\&cash, as well as can exchange stocks\&cash（Redeem) to ETFs. The transaction price is “Net Value” which is the true price of ETF.
Since ETF can trade “Market Price” in second market and Mint/Redeem “Net Value” in primary market, once “Market Price” > “Net Value” we call it a Premium，once “Market Price” < “Net Value” we call it a Discount.
Meanwhile MatrixETF products will have premium and discount as well: Once the users do Swap/Buy, they use “Market Price”; Once the users do Mint/Redeem, they use “Net Value”.
## 5. What are the benefits of purchasing ETFs?
* Reduce investment risk by diversified investments
* Reduce the threshold and cost of investment
* Supported by blockchain technology, safe and efficient transactions
* Clear and transparent components, high tracking efficiency
* Arbitrage mechanism to balance Net Value and Market Price consistent
* Redeem whenever you want in the basket of assets
## 6. Introduction of APP Tab functions:
* Buy: Use ETH and other tokens to purchase funds
* Mint: Create funds by a basket of tokens
* Swap: Exchange ETH and other tokens with funds
* Redeem：Ransom a basket of tokens by funds
* Info: Introduction page of displaying all the details etc.
## 7. Introduction of basic logic in App Tab functions
MatrixETF APP Tab is based on Decentralized Finance ecosystem
Buy, Mint, Swap, Redeem are all realized by Decentralized Exchange liquidity pool. All the transaction are interactive with smart contracts on the chain.
## 8. The logic of Mint/Redeem
**Multi Assets Mint:**
* Once users enter the amount ETF which they want to purchase, APP will calculate automatically the amount of consistent tokens
* Once you click Mint, the wallet will deduct consistent tokens to Smart Contract
* Smart Contract will transfer consistent tokens to fund pool
* Fund pool will transfer consistent amount of ETF to users
**ERC20 Mint:**
* Once users enter the amount ETF which they want to purchase, APP will calculate automatically the amount of consistent tokens
* Once you click Mint, the wallet will deduct consistent tokens to Smart Contract
* Divide ETH according to the proportion of fund constituent tokens and transfer them to smart contract
* Smart Contract will transfer consistent tokens to fund pool
* Fund pool will transfer consistent amount of ETF to users
**Redeem logic is exactly the opposite with Mint**
## 9. The differences and similarities between Buy and Mint
From the result side they are similar to purchase ETFs, however the ways of realization are different:
“Buy” is users purchasing ETF directly from DEX, which means we purchase ETF from other investors, in this way Total Fund Share won’t change;
“Mint” is creating a mechanism by Smart Contract which exchange a basket tokens to fund share, in this way Total Fund Share will increase.
## 10.What’s the difference of ETFs between ETH and Solana?
MatrixETF will make different ETFs depending on the ecosystems of public chains.
The main differences of ETFs between ETH and Solana are token types and proportions.
## 11. How ETF chooses component tokens?
MatrixETF adopts a weighting method calculated by weighting 70% of the circulating market value and 30% of the fundamental score.
[**Please check the details**](https://docs.matrixetf.finance/products/matrix-defi-index-set-mdi)
## 12. How can we trust MatrixETF?
Audit\_Reports-1:
Audit\_Reports-2:
All assets are custody in fund pool which is in charge of Smart Contract, users can Mint and Redeem whenever they want. The code of Smart Contract will be audited in audit company with an audit report.
**However MatrixEFT is still an investment platform with certain risks, please check it cautiously before investing.**
MatrixETF will continuously add more Q\&A inside, if you have more questions, please feel free to contact with us.
## 13.How is an ETF created?
## 14.How to Arbitrage on MatrixETF index?
# Audit Report
Audit\_Reports-1:
Audit\_Reports-2:
# The Logical Design of MatrixETF
MatrixETF is the next generation of decentralized ETF platform supporting cross chain. According to the overall performance of cryptocurrency market, MatrixETF will launch a series of conceptual ETFs to track the quality tokens in blockchain industry and DeFi.
The Logical Design of MatrixETF, as shown in the following figure:
MatrixETF platform is managed by MatrixDao, which is a decentralized community autonomous organization. MatrixDao launched several lead conceptual ETF funds as the foundation of platform startup, and then gradually transited to community autonomy to jointly determine the construction and implementation of ETF products. The ultimate goal is to let community members make their decisions independently of the development and future direction of the platform.
MatrixETF Set is an ETF-DeFi protocol, which can provide investment portfolio and trading services for asset issuers/KOL, asset managers and individuals. Through this agreement, any user can create an ETF of cryptocurrency, receive capital injection from other users, and participate in the DeFi to generate returns.
Meanwhile, most ETF products on MatrixETF are supported by a basket of encrypted assets, which can be subscribed and redeemed at any time. These encrypted assets will participate in the interaction based on the DeFi ecology, such as Compound lending, Uniswap liquidity mining, etc., and generate Vault returns, which will be returned to the users holding ETF products and bring additional income to them.
# Matrix Index
Matrix Index is an encrypted index fund to track the qualified tokens of crypto market and blockchain. The index fund will be weighted by each token’s market value with a basket of assets. In MatrixETF the share can be recognized, sold and redeemed by the new share minted by a basket of tokens.
Matrix Index is one of the easiest ways to participate in the crypto market and decentralized finance, users do not need to buy the token from exchanges, they can gain potential response rate from the crypto market and realize transform of one asset to another asset, by only through the simplified placement of asset.
Matrix Index will be evaluated and adjusted once a month, in order to weaken or eliminate unqualified tokens, increase proportion of qualified tokens or balance the new tokens, further to reflect the whole trend and development potential of the crypto market as much as possible.
# Matrix Swap
Matrix Swap is the DEX trading stuff on the MatrixETF platform, which can be used to exchange and trade to add liquidity to ETFs and gain handling fees and mining rewards.
* Exchange and transaction between MDF and ETH, SOL
* Exchange and transaction between ETFs and MDF
* Exchange and transaction between a basket of tokens of ETFs
* Provide liquidity for trading pairs and gain handling fees and mining rewards
# Matrix Derivatives
With the improvement of MatrixETF functions, and the launch of ETF products and the increase of its market value, we will expand more diversified encrypted asset allocation and functions, and provide a variety of possibilities and opportunities for community users. The preliminary plan is to launch some derivatives that are easy for users to understand and trade in the field DeFi derivatives, including:
* Simplified options
* Leveraged financial products
* Stable coins
* NFT: improve the liquidity and value of ETFs.
# Farming & Pool
Farming is an innovative way in the DeFi ecology. By mining, holders can gain income other than the token. Meanwhile, locking and mining can also effectively adjust the market supply and demand of the token. With the continuous expansion of TLV funds in Farming and Pool, it also represents the network value and market recognition of the platform.
Mining on MatrixETF platform includes two parts:
* Farming: to provide liquidity for MDF/ETH, ETFs and other trading pairs to gain handling fees, and participate in MDF mining by providing liquidity LP Tokens to make additional profits.
* Pool: to deposit in MDF and ETFs token to get Staking rewards.
# MatrixETF Set
MatrixETF Set is the ETF-DeFi protocol on MatrixETF platform. Through this agreement, users can create a cryptocurrency ETF. It can be operated with tools provided by the platform (including DEX transaction, lending, Farming, governance, insurance, and various strategies, etc.) to attract other users to purchase/mint, and get a commission and other benefits.
MatrixETF Set aims to be the most trusted, secure and full-featured asset management infrastructure for users. It can provide investment portfolio and trading services for asset issuers/KOL, asset managers and individuals.
With MatrixETF Set protocol, you can:
* Create an ETF portfolio: you can deploy a token on the platform without permission - an ERC20/SPL Token, which represents a tradable digital asset basket with smart contracts.
* Receive capital injection: users can mint Set in a variety of ways, including basic issue (by their own tokens) and NAV issue (mint with a single token).
* Trade: integrating with Uniswap, Sushiswap, and 0x allows Set to adjust Set allocation.
* Manage fees: Set creators can participate in fees management based on usage, such as fund management fee, handling fee, etc.
* Participate in protocol governance: use the token in the collection to vote on the protocol to participate in community governance.
* Participate in lending: get interests in the lending market, such as lending on AAVE and Compound.
* Participate in Farming: input liquidity pools (such as Uniswap/Sushiswap/Curve) to get interests from Sets.
* Trade with strategics: quantitative trading and portfolio investment by various trading strategies provided by the platform.
# Matrix Blind Box
Matrix Blind Box is the initial blind box NFT on MatrixETF platform, which creatively combines Farming,ETF right certificate, Token Airdrop from DeFi world with NFT, in order to bring new NFT experience, interesting plat method and NFT value to community users.
The first phase of Matrix Blind Box will be on Ethereum network nearly, which contains 5 kinds of NFT with all different attributes, rarities and output ratios. However they will be sold at the same price as 1000MDF, users might get NFT souvenirs or SSR NFT when they MINT, all depending on their random luck.
The following information is about the introduction and statistics of Matrix Blind Box, wish you all good luck to gain it!
**Total Blind Box: 200**
**Per Blind Box price: 1,000 MDF**
**Mint Time: 12am UTC, 29th September**
**Matrix Blind Box NFT concept:**
**Farming NFT** is agriculture Farming NFT on MatrixETF, by holding this NFT you can gain extra speed up. The rarity and Drop ratio of the first phase Farming NFT are as below:
**ETF Fund NFT** is the ETF right certificate NFT on MatrixETF, which can be exchanged as the corresponding ETF shares in the specific conditions. The rarity and Drop ratio of the first ETF fund NFT are as below:
**Token NFT** is the equity NFT which can be exchanged as the corresponding amount MDF shares. The rarity and Drop ratio of the first phase Token NFT are as below:
Souvenir NFT is the monumental NFT on MatrixETF, Gold Membership NFT is the membership NFT on MatrixETF which represents membership ID and rights. The Drop ratio of the first phase Souvenir NFT is 14.5%, the Drop ratio of the first phase Gold Membership NFT is 6%.
Each NFT in Matrix Blind Box is with a different attribute, different rarity and different right certificate. MatrixETF will customize and personalize play methods based on different NFT attributes, and bring rich product experience and rights to NFT holders.
# MatrixETF Index
Matrix Index is an encrypted index fund to track the qualified tokens of crypto market and blockchain. The index fund will be weighted by each token’s market value with a basket of assets. In MatrixETF the share can be recognized, sold and redeemed by the new share minted by a basket of tokens.
## MDI Parameter
Token Name: Matrix DeFi Index
Token Symbol: MDI
Contract: [0x52148693901fb27cb4d27b2b0eb5e2820873e245](https://etherscan.io/address/0x52148693901fb27cb4d27b2b0eb5e2820873e245)
Decimals: 18
Etherscan: [Info](https://etherscan.io/token/0x52148693901fb27cb4d27b2b0eb5e2820873e245)
## MSI Parameter
Token Name: Matrix Solana Index
Token Symbol: MSI
Contract: 2e7yNwrmTgXp9ABUmcPXvFJTSrEVLj4YMyrb4GUM4Pdd
Solana Explorer: [Solana](https://www.google.com/url?q=https://explorer.solana.com/address/2e7yNwrmTgXp9ABUmcPXvFJTSrEVLj4YMyrb4GUM4Pdd\&sa=D\&source=docs\&ust=1634909067885000\&usg=AOvVaw0fziCfkcXeJthvljS-EuaR) or [Solscan](https://solscan.io/token/2e7yNwrmTgXp9ABUmcPXvFJTSrEVLj4YMyrb4GUM4Pdd)
[](https://www.coingecko.com/zh)
**Matrix Index Introduction**
# MatrixETF Index Methodology
## Matrix Index Introduction
Matrix Index is an encrypted index fund to track the qualified tokens of crypto market and blockchain. The index fund will be weighted by each token’s market value with a basket of assets. In MatrixETF the share can be recognized, sold and redeemed by the new share minted by a basket of tokens.
Matrix Index is one of the easiest ways to participate in the crypto market and decentralized finance, users do not need to buy the token from exchanges, they can gain potential response rate from the crypto market and realize transform of one asset to another asset, by only through the simplified placement of asset.
Matrix Index will be evaluated and adjusted once a month, in order to weaken or eliminate unqualified tokens, increase proportion of qualified tokens or balance the new tokens, further to reflect the whole trend and development potential of the crypto market as much as possible.
## MatrixETF Index Standard
MatrixETF uses Fundamental and Market Capitalization weighting methods, which weighted by 30% of fundamental and 70% circulation market value to account the allocation and weighted proportion of each basic asset.
## Fundamental Weighting
When we think about the fundamentals, usually we will filter the fund project according to the 5 standards of the token economic model, project development, the security of protocol, the trading risk of the token, and community infrastructure.
### **Token Economic Model**
* Token needs to have the detailed allocation model
* The release and supply of initial circulation should be reasonable
* Tokens needs to be with practical utilities and internal values
* The amount and location of token holders should be appropriate, there is no mandatory manipulation
### **Project Development**
* The project must be used on the useful protocol or production, must not have the characteristic of a Ponzi scheme or the purpose of gambling
* The project must be implemented by a clear roadmap
* The project must have Github code and be submitted regularly
* The project must have products(test version or official version) or completed product design
* The protocol or product must be issued at least 90 days
* Project ecology and application development
* The status of protocol and project cannot be bankrupted
* Market prospect of the project track
* Current market status and future potential of the project
### Protocol Security
* If the project is audited by the experts or well-known audit institutes to ensure the security of smart contracts and user’s assets
* Days of smart contract running and amount of trades on-chain, in order to reflect the level of smart contract
* If the project is with the completed documents and risk mechanism plan. Once there is an accident, the team must alarm the users immediately and provide users with reliable solutions to avoid asset loss
* Tokens must have enough liquidities in different exchanges
### Transaction Risk
* When market value of token is too small, it’s easy to cause violent fluctuation of token price and the risk of manipulation
* The fluctuation risk of token price is related with fluctuation of BTC/ETH
* If the token can be traded smoothly, if the token will be listed on main exchanges, if there are derivatives such as futures, options
* If the liquidity, average daily trading volume and turnover ratio of token are normal
* The amounts and locations of token holders
### Project Community
* The project must have canonical community governance process
* The project should have international communities such as Twitter/telegram/facebook/Medium/Discord
* The user amount, participating proportion and average daily data of community
* The project should be with weekly news to release project progress and interactive with community users regularly
Here below with the DeFi fund of MatrixETF as an example to account the fundamental weight proportions.
Matrix DeFi Index(MDI) is a capital weighted index fund by one of the best DeFi protocols in the crypto market(components as UNI、LINK、AAVE、GRT、MKR、COMP、DYDX、SUSHI、YFI、CRV), to track the popular DeFi assets presentations on Ethereum network in the crypto market.
According to the 5 weighting factors of the fundamental weighted method, Matrix DeFi Index fund computes the fundamental weights of different kinds of component tokens as below:
## Market Capitalization Weighting
The Market Capitalization refers to the project circulation market capitalization, according to the authoritative data of CoinGecko and Coinmarketcap, to compute circulation market capitalization by obtaining Token prices and circulation data
**Circulation Market Capitalization= Token Price\* Circulation Volume**
There are 3 market wide accepted methods to weight the project market capitalization: Market Capitalization Weighting, Market Value Square Root Weighting and Equal Weighting
Market Capitalization Weighting is the weighting of tracking each asset of crypto index, the distribution to each asset will be proportional with market capitalization weight, which means the asset with bigger market capitalization will occupy more investment share then the smaller one.
For the crypto market, old projects and projects approved by the market/capital have unparalleled first-move advantages. If only a simple market value weighting rule is followed, it’s extremely disadvantageous for new projects and qualified potential projects, the reason why is there may be capital to promote Token market capitalization increasing sharply in a short term then dropping sharply afterwards, which cannot truly reflect the real status of the project. Therefore when weaving some encrypted ETF indexes, another market capitalization weighting method should be considered: Market Capitalization Square Root Weighting.
Market Capitalization Square Root Weighting will compute the project weight in the portfolio according to each project square root data, to restrain each asset impact on the portfolio.
Equal Weighting refers to the index of average distribution proportion of all assets. If there are 4 assets in the portfolio, which means each asset can gain 25% of the portfolio value.
Here is an example of the DeFi fund of MatrixETF to compute the market capitalization.
According to Market Capitalization Weighting, Matrix DeFI Index(MDI) computes different component token weight as below:
Among them UNI is with the biggest market cap 34.44%, which is not over the set highest asset proportion（Max ≤ 80%), in this case it’s better to compute in the basic Market Capitalization Weighting method instead of other weighting methods.
## Weight Calculation
MatrixETF performs further weighting calculations on the basis of fundamental weighting and market value weighting, weighting 70% of the circulating market value and 30% of the fundamentals to obtain the final weight.
Among them, when considering the weight, we set the minimum and maximum asset allocation.
* Minimum asset allocation: A minimum limit is set on the percentage of ETF funds that can be allocated to a single asset. This can prevent the use of market capitalization weighting methods resulting in a large number of low-weight assets. (Min ≥ 2%)
* Maximum asset allocation: that is, a maximum limit is set on the percentage that can be allocated to a single asset in the ETF fund portfolio. This can prevent the use of market capitalization weighting method to cause a single asset to account for too high a situation. (Max ≤ 80%)
Taking Matrix DeFI Index (MDI) funds as an example, based on fundamental weighting and market value weighting, the final weighting ratio of each component token is as shown in the following table:
Among them, UNI has the highest weighting ratio of 27.32%, and CRV has the lowest weighting ratio of 4.77%, which exceeds the threshold of minimum asset allocation (Min≥2%).
## MatrixETF Index Rebalance
After the encryption index fund is configured according to the initial weight, the proportion of its component token will change due to factors such as the project’s own development, market cap, encrypted market trend, funding level and community, actual status component token weight inconsistent with the initial weight. Once it happens, the deviation between the two is large, this is why we need to rebalance the index.
The Matrix Index will maintain and adjust the index once a month according to the development of the crypto market and the operation conditions of the project, including the token weighted proportions, the increase/decrease of the new tokens, etc.
There are 2 phases of rebalance:
### **1.Confirmation**
Normally this phase happens on the fourth week of every month. In this phase, we will confirm the details of recombination including:
* If adjust the circulation supply
* If adjust Token weighted proportions
* If delete or add new tokens
* Add the new token information
### **2. Rebalance**
The index and fund will be adjusted according to the announcement after confirmation, among them the relevant token (delete/add/weighted proportions) will be completed on the first week of the next month.
# Matrix DeFi Index(MDI)
## Introduction of Matrix DeFi Index
MatrixETF is the next generation of decentralized ETF platform supporting cross chain.
The Index product of MatrixETF which will be launched is an encrypted index ETF, the goal is to track high qualified tokens in crypto market and blockchain. This fund is based on the asset of a basket of tokens, which users don’t need to purchase in exchanges, they can realize the investment of one asset to another asset (industry, hotspot) only through a simple placement, instead of missing the potential high return of the crypto market. Therefore Matrix Index product is one of the simplest ways for the investors participating in crypto market finance.
After a few months of development and test, we will issue the first Matrix Index product: Matrix DeFi Index(MDI).
Matrix DeFi Index(MDI) provides investors with an autonomous portfolio and DeFi investment exposure which is based on decentralized governance. You can track the trend and development of the whole crypto market DeFi by holding MDI, in addition distribute the risks and gain better profits by various asset placement.
## MDI Constitution
DeFI is one of the most popular and fastest developed industries in crypto market. Along with various Top projects in DeFi protocol such as DEX、Oracles、Lending、Assets、Derivatives emerging in the segmentation market, the DeFi scale generates bigger and bigger, DeFi protocol locked position has skyrocketed to $90.69 billion which is up to 3.7% of the whole scale of crypto market.
As we can see DeFi has become a new trend and direction, meanwhile DeFi is with different protocols, processes, assets and toolkits, how to catch DeFi wealth opportunities is a question to investors. In this case we promote Matrix DeFi Index(MDI).
We have referred to the DeFi category of CoinGecko and CoinMarketCap when we produce Matrix DeFI Index, and have filtered top 20 DeFi assets on Ethereum according to the DeFi locked position data of DeFi Pulse.
Under comprehensive consideration of comparisons such as DeFi protocol market caps, project development situations and the status in crypto market etc., we have chosen 10 protocols to constitute MDI such as UNI、LINK、AAVE、GRT、MKR、COMP、DYDX、SUSHI、YFI、CRV etc., in order to track popular DeFi assets on Ethereum in crypto market.
In the table you can see we have backup Token options such as SNX、REN、PERP、BNT、ZRX、UMA、1INCH、LRC、BADGER、MLN, among them once there is one token is qualified than 10 MDI component tokens, it will get into index pool replacing the old token by Index Rebalance.
## MDI Weighting Proportions
MDI is constituted by popular DeFi projects in crypto market such as UNI、LINK、AAVE、GRT、MKR、COMP、DYDX、SUSHI、YFI、CRV etc.
We utilize a method to compute the Weighting Proportions of MDI component tokens: Fundamental Weighting and Market Capitalization Weighting, we compute allocation and weighting proportion of each basic asset by 30% Fundamental Weighting + 70% Market Capitalization Weighting.
## Fundamental Weighting
According to the article of MatrixETF Index Methodology, there are 5 score standards of Fundamental Weighting:
* Token Economic Model
* Development and potential of the project
* Security of the protocol
* Token trading risk
* Community base
According to 5 weighting factors in Fundamental Weighting, weights of MDI component tokens are as below:
## Market Capitalization Weighting
Market Capitalization is the project circulation market value, according to the authoritative data from CoinGecko and Coinmarketcap, we compute the circulation market value by catching Token prices and circulations. There are 3 market accepted methods to weight project market capitalization: Market Capitalization Weighting, Market Capitalization Square Root Weighting and Equal Weights Weighting.
MDI utilize the simple Market Capitalization Weighting to compute component token weights as below:
## Final Weighting Proportion
We compute the final MDI component token weighting by 70% Market Capitalization Weighting+30% Fundamental Weighting:
## MDI Parameter
Token Name: Matrix DeFi Index
Token Symbol: MDI
Contract: [0x52148693901fb27cb4d27b2b0eb5e2820873e245](https://etherscan.io/address/0x52148693901fb27cb4d27b2b0eb5e2820873e245)
Decimals: 18
Etherscan: [Info](https://etherscan.io/token/0x52148693901fb27cb4d27b2b0eb5e2820873e245)
## How to purchase MDI
There are 2 selections to buy MDI
### 1) Buy MDI(small account <$3,000)
The simplest way is to buy MDI on MatrixETF APP or Uniswap.
By Uniswap, please check [this link](https://app.uniswap.org/#/swap?outputCurrency=0x52148693901fb27cb4d27b2b0eb5e2820873e245):
Please notice that in the beginning of MDI issuance, the liquidity will be very low in MDI pool. If you buy a big amount of MDI probably will cause the price fluctuation away from the token value. In this case we don’t suggest you buy a big amount of MDI (>$3,000), which might cause high slippage and asset loss.
### 2) Mint MDI（big amount **≥$3,000)**
When you choose this way to purchase MDI, the underlying logic is:
### **ETH MINT**
The underlying logic is first exchange your ETH to corresponding 10 tokens according to MDI component token proportions by Uniswap router, then deposit them in MDI smart contract pool. At the same time the corresponding MDI share by MINT will be saved in your wallet.
In this case, there will be a high gas fee by multiple transactions through smart contract, this is why we suggest you to purchase a big amount of MDI in this way.
### Multi MINT
First you need to have MDI 10 component tokens in your wallet when MINT MDI by Multi tokens, then input the desired purchasing amount, UI will compute automatically the demanding 10 Token amounts, it will be successfully transacted once you have enough component tokens.
Smart contract will save 10 Token to MDI smart contract pool, at the same time MINT the corresponding MDI share to your wallet.
## How to sell MDI
There are also 2 selections to sell MDI:
One is to sell MDI on MatrixETF APP or Uniswap.
By Uniswap, please check [this link](https://app.uniswap.org/#/swap?inputCurrency=0x52148693901fb27cb4d27b2b0eb5e2820873e245):
Considering the liquidity is low in MDI pool, this sell way can cause a high slippage. We suggest you take over cautiously when there is a high slippage.
Another way is to exchange MDI to ETH/MDI corresponding tokens by Redeem.
## Redeem fee
Compared to other Indexes, there are no various fees such as subscription fee, Governance Fee or Transaction Fee on Matrix Index. Since now we only have 0.7% Redeem Fee on Matrix Index when you Redeem MDI.
However this redeem fee is point to arbitrageurs who want to Redeem to gain arbitrage instead of selling MDI directly. They usually destroy MDI to obtain corresponding assets when they find there is a spread between MDI price and net value, in order to obtain profits in crypto market.
## Conclusion
In traditional finance, an ETF and Index fund provide investors with various choices. In crypto market, we believe that MDI can distribute investment risks and bring better profits to investors by DeFi various asset placements.
For the beginners, if you lack deep knowledge of market fluctuation and DeFi projects, MDI will be a good choice and investment opportunity to get into the DeFi world.
In the near future we will bring more Index ETFs to meet the various investors’ demands in the crypto market. Keep an eye with us!
# Matrix Solana Index(MSI）
## Introduction of Matrix Solana Index
MatrixETF is the next generation of decentralized ETF platform supporting cross chain.
The index product of MatrixETF is a kind of crypto index ETF, the goal is to track the market presentation of qualified tokens in the crypto market and blockchain field. This kind of fund is based on a basket of token assets, where users don’t need to purchase these tokens in the exchanges. Instead of missing the potential high return from the crypto market, they can accomplish one asset to another popular asset investment only through a simplified placement. In this case you can see that Matrix Index product is one of the simplest methods to allow investors participating in the financial crypto market.
After launching the first Index product based on Ethereum — Matrix DeFi Index(MDI), we are going to launch the Index product based on Solana: Matrix Solana Index(MSI).
Matrix Solana Index(MSI) is a first index to track the top presentation in Solana ecosystem, which provides investors with an investment and autonomous portfolio which is based on Solana ecosystem and decentralized governance. By holding MSI you can easily participate in investing in the Solana project, realize diversified asset placements and enjoy the prosperity of the Solana dynamic ecosystem.
## MSI Constitution
Along with the popularity of DeFi in these two years in the crypto market, everyone wants to get involved in it. However almost all DeFi applications are established on Ethereum network with high gas fees and low TPS, which limit the ordinary users joining DeFi. Therefore the Solana network is in the hot trend with the advantages of low cost, high speed and good feasibility, more and more DeFi applications are getting into the Solana ecosystem.
Solana is the fastest blockchain in the world and the fastest growing ecosystem in the crypto field now, with more than 400 projects covering all kinds of DeFi applications such as DEX, NFI, Stable Token, Oracle, Wallet, UI, Web3.0 etc.
We have seen the developing speed of the Solana ecosystem with a firm that this is the beginning. Solana will play an important role in the field of DeFi, NFT, Web3.0 and the crypto market. This is why we chose to deploy in the Solana ecosystem.
We launched the Index product based on the Solana ecosystem: Matrix Solana Index(MSI).
When we designed Matrix Solana Index, we referred to the project classification of CoinGecko and CoinMarketCap to Solana Ecosystem, then filtered the top and potential asset from it.
By comprehensive consideration of market trend, project market cap comparison, project developing status, the place in the market and technology（ limits on Solana transaction sizes), we have chosen 8 protocols of SOL. SRM. RAY. FIDA. MNGO. ATLAS. SLIM. TULIP to constitute MSI, in order to track the market presentation and developing trend of Solana ecosystem.
The other tokens are as backup tokens such as AUDIO. OXY. KIN. ORCA. STEP. COPE. PORT. Sunny etc,. Once one performs better than the initial 8 kinds of MSI component tokens, it will replace the old one to get into the index pool and be realized by Index rebalance.
## MSI Weighting Proportion
MSI is constituted by 8 popular projects of Solana blockchain such as SOL. SRM. RAY. FIDA. MNGO. ATLAS. SLIM. TULIP.
MSI is a first index product focusing on Solana ecosystem, all belonged projects are high qualified projects in Solana ecosystem with their own tokens, own protocols and corresponding eco functions:
1. SOL: a decentralized blockchain built to enable scalable, user-friendly apps for the world.
2. SRM: a protocol for decentralized exchanges.
3. RAY: on-chain order book automated market maker (AMM) , TVL: $1.77 Billions.
4. FIDA: on-chain Perpetual swaps, DEX, Name service, Bots.
5. MNGO: leveraged trading platform, including Spot Margin, Perpetual Futures, Borrow & Lend, etc.
6. ATLAS: A grand strategy game of space exploration, territorial conquest, political domination, and more.
7. SLIM: Solana’s IDO & Staking platform.
8. TULIP: Solana’s Yield Aggregation Homestead, Total Value Locked:$0.794 Billion.
When calculating different MSI component token weighting proportions, we utilize 30% Fundamental Weighting+70% Market Capitalization Square Root Weighting to compute each basic asset allocation and weighting proportion. (For detailed method please refer to[《MatrixETF Index Methodology》](https://matrixetf.medium.com/matrixetf-index-methodology-d80e1f4860e8)）
## Fundamental Weighting
According to MatrixETF Index Methodology, there are 5 standards to filter in Fundamental Weighting:
* Token Economic Model
* Project development
* Security of protocol
* Token trade risk
* Community base
According to 5 features of Fundamental Weighting, we compute MSI component token weighting proportions as below:
## Market Capitalization Square Root Weighting
Market Capitalization refers to the project circulation market capitalization, according to the authoritative data of CoinGecko and Coinmarketcap, to compute circulation market capitalization by obtaining Token prices and circulation data. There are 3 market wide accepted methods to weight the project market capitalization: Market Capitalization Weighting, Market Value Square Root Weighting and Equal Weighting.
According to Market Capitalization Weighting, we compute MSI component token weighting proportions as below:
Market Capitalization of SOL (94.80%) is higher than the biggest asset proportion（Max ≤ 80%）, this is why we chose Market Capitalization Square Root Weighting to restrain one asset impact to portfolio. We compute MSI component token proportions as below:
## Final Weighting Proportion
According to the weight method of 70% Market Capitalization+30% Fundamental Weighting, we comprehensively compute MSI component token final proportions as below:
## MSI Parameter
Token Name: Matrix Solana Index
Token Symbol: MSI
Contract: 2e7yNwrmTgXp9ABUmcPXvFJTSrEVLj4YMyrb4GUM4Pdd
Solana Explorer: [Solana](https://www.google.com/url?q=https://explorer.solana.com/address/2e7yNwrmTgXp9ABUmcPXvFJTSrEVLj4YMyrb4GUM4Pdd\&sa=D\&source=docs\&ust=1634909067885000\&usg=AOvVaw0fziCfkcXeJthvljS-EuaR) or [Solscan](https://solscan.io/token/2e7yNwrmTgXp9ABUmcPXvFJTSrEVLj4YMyrb4GUM4Pdd)
## How to buy MSI
You have 2 choices to buy MSI
### 1) Buy MSI ( suitable for a small amount<$3000)
You can easily buy MSI on Raydium or MatrixETF APP.
By using Raydium, please check [this link](https://raydium.io/swap/?from=EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v\&to=2e7yNwrmTgXp9ABUmcPXvFJTSrEVLj4YMyrb4GUM4Pdd):
For the unknown Token(MSI),We have applied the code and information to Solana, which will take some time for auditing and reviewing. Please keep your patience, we ensure that the update will be presented on the Solana webpage soon.
By using MatrixETF APP, it will be ready when MSI is listed on the Symmetry.(At present, we use [Symmetry DeFi Tools](https://tools.symmetry.fi/) for swap function, however they haven’t provided API, so we are contacting other projects to integrate Token into DEX. After this users can normally buy our products).
Notice: in the beginning of MSI launching, the liquidity of the $MSI pool will be very low. At this time if you buy a big amount of MSI will cause the fluctuation of the token price away from its initial value. In this case we don’t suggest you buy a big amount of MSI (>$3000), otherwise it will cause a high slippage to lose your asset.
### 2) MINT $MSI(suitable for big amount **≥$3,000)**
There are two steps:
First, convert your SOL into WSOL if your wallet has no wSOl.If you don’t have the other 7 tokens, please buy it on the “Buy” Button.
(Due to limits on Solana transaction sizes, this step is required to create wrapped SOL (wSOL) in your wallet before swapping.)
Then, mint 8 Tokens for MSI.
You need to have the component 8 Tokens in your wallet when you want to create $MSI shares by MINT. Input the desired amount and UI will calculate the demand 8 Token amounts. The transaction will succeed once you have enough Token amounts. The smart contract will deposit 8 Tokens into MSI smart contract pool, at the same time will MINT the corresponding $MSI share to your wallet.
## How to sell MSI
There are also 2 ways to sell MSI:
One is to sell MSI directly on Solana DEX such as Raydium or MatrixETF APP
By using Raydium, please check [this link](https://raydium.io/swap/?from=2e7yNwrmTgXp9ABUmcPXvFJTSrEVLj4YMyrb4GUM4Pdd\&to=EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v):
By using MatrixETF APP, it needs the Symmetry integrate our Token in DEX(recently we are on the process of communication, after completing this workflow, users can buy our products normally).
Notice: This method to sell MSI will cause a high slippage when the liquidity is low in the $MSI pool. Please consider the sell cautiously when there is a high slippage.
Another way is Redeem MSI to a basket corresponding component Tokens.
## Redeem fee
Compared to other Indexes, there are no additional fees on MatrixETF Index such as Mint fee, Governance fee or Trade fee etc,. There is only a 0.7% Redeem fee on Matrix Index we will charge when you Redeem MSI.
This fee points to the arbitrageurs who arbitrage MSI instead of selling it directly. Once they find there is a spread between MSI trade price and net value, they will destroy the corresponding basic assets to gain profits by selling them in the crypto market.
We allow the Matrix Community to obtain part of arbitrageur’s profits, which will be deposited into the Matrix Treasury. Community DAO will decide the final usage of the Redeem fee.
## Conclusion
In traditional finance, ETF provides diversified choices and more freedom to ordinary users. We are pretty sure that MSI can provide users with various portfolios and save gas fees in the crypto market, furthermore to provide an opportunity to buy/sell /hold in the Solana ecosystem by single token.
For the beginners, if you are interested in the Solana ecosystem developing trend and prospect, and want to invest in the Solana eco with a low cost method. MSI will be a perfect investment chance for you to distribute asset risks and gain better incomes.
# Matrix Chain Index(MCI)
The formation of cryptocurrency market has been transited from BTC-directed market to BTC as digital gold, public chain and smart contract ecology jointly-developed market as well as commercialized DeFi application. The development and prosperity of technology and ecology of the underlying public chain will have a significant impact on the blockchain industry.
Matrix Chain Index (MCI) is a weighted index fund focusing on public chain ecology. It is composed of the best public chains (including BTC, ETH, DOT, ADA, FIL, SOL, etc.) in the cryptocurrency market, and can track the development and potential of public chain ecology in the whole cryptocurrency market.
Like MDI, the issuance of MCI is also supported by real encrypted assets, and each MCI share is supported by underlying encrypted assets, which can be subscribed and redeemed at any time. MCI is subscribed and issued in the same way as MDI.
## MCI Fund Asset Ratio：
MCI is composed of mainstream public chain projects in cryptocurrency market, including BTC, ETH, DOT, ADA, FIL, FLOW, SOL, NEO, etc.
MCI fund also adopts the fundamental weighted method, which is weighted by 70% of the circulating market value and 30% of the fundamentals. The following is the concerning data of MCI fund (as of March 13, 2021).
| DeFi | Circulating Supply | Token Price | Circulating Market Cap | % of Index |
| ----- | ------------------ | ----------- | ---------------------- | ---------- |
| BTC | 18,650,506 | $ 56529.32 | $ 1,054,300,421,836 | 40% |
| ETH | 114,999,664 | $ 1749.28 | $ 201,166,612,242 | 20% |
| DOT | 901,281,989 | $ 35.3304 | $ 31,842,653,184 | 12% |
| ADA | 31,112,484,646 | $ 1.0602 | $ 32,985,456,222 | 7% |
| FIL | 97,985,941 | $ 43.8783 | $ 4,299,456,515 | 4% |
| FLOW | 23,301,002 | $ 35.3250 | $ 823,107,896 | 4% |
| SOL | 16,350,633 | $ 14.1262 | $ 230,972,312 | 2% |
| NEO | 70,538,831 | $ 39.1428 | $ 2,761,087,354 | 1% |
| Total | | | | 100% |
# Token Type
## MDF
MDF is the governance token of MatrixETF. MDF holders can participate in community governance and make decisions of what kind of ETF products MatrixETF creates, as well as investment strategies and asset categories of ETFs, etc.
MDF is a token deployed on Ethereum and Solana blockchain network, and its maximum supply limit is 1,000,000,000 tokens.
```
ERC-20: 623,000,000 MDF
SPL: 377,000,000 MDF
```
### MDF Contract Information:
Ethereum: [0x1a57367c6194199e5d9aea1ce027431682dfb411](https://etherscan.io/address/0x1a57367c6194199e5d9aea1ce027431682dfb411)
Solana: [ALQ9KMWjFmxVbew3vMkJj3ypbAKuorSgGst6svCHEe2z](https://explorer.solana.com/address/ALQ9KMWjFmxVbew3vMkJj3ypbAKuorSgGst6svCHEe2z/largest)\
Now $MDF has been listed on:
`Gate:`[`https://www.gate.io/trade/MDF_USDT`](https://www.gate.io/trade/MDF_USDT)
`Mexc：`[`https://www.mexc.com/zh-CN/exchange/MDF_USDT`](https://www.mexc.com/zh-CN/exchange/MDF_USDT)
`Raydium:`[`https://raydium.io/swap/?ammId=EYYHUrTo5VUAwXjm6NZSgtrKpr53Mtbvk1Mg74cxEyq4`](https://raydium.io/swap/?ammId=EYYHUrTo5VUAwXjm6NZSgtrKpr53Mtbvk1Mg74cxEyq4)
`Uniswap:`[`https://www.dextools.io/app/ether/pair-explorer/0xe6bbc807cb59b5f280b835135d01d077657d4550`](https://www.dextools.io/app/ether/pair-explorer/0xe6bbc807cb59b5f280b835135d01d077657d4550)
### **MDF Utility**
MDF is the governance token of MatrixETF community, including the following usage scenarios and utilities:
* Participate in the governance of MatrixETF (DAO community governance)
* Buy ETF products/ETFs
* Improve values by getting profits from different ETF portfolios
* Participate in liquidity mining to gain returns
* Staking mining
* Ecological value-added
* Buy-back and destruction
* Discounts in handling fees and other fees
## **Matrix Index**
Matrix Index is a cryptocurrency index fund designed to track quality tokens in blockchain industry and DeFi finance.The index fund is weighted based on the market value of each token. There is a basket of token assets of the fund**,** allows a greater diversification of risk and gains the better returns through diversified asset allocation of DeFi.
# MDF Allocation
MDF is a token deployed on Ethereum and Solana blockchain network, and its maximum supply limit is 1,000,000,000 tokens.
```
ERC-20: 623,000,000 MDF
SPL: 377,000,000 MDF
```
MDF allocation includes the following parts:
* IDO (0.5%): initial issue in IDO.
* PE (6.25%): Unlock 10% before listing, and the remaining will be unlocked once a quarter, which will be completed within 1 year.
* PE+ (2%): Unlock 20% before listing, and the remaining will be unlocked once a quarter, which will be completed within 9 months.
* Team (15%): 20% will be unlocked after 6 months of listing, and the remaining 80% will be unlocked linearly over the next 24 months.
* Consultant (3%): 20% will be unlocked after 6 months of listing, and the remaining 80% will be unlocked linearly over the next 24 months.
* Liquidity pool (1%): to create DEX liquidity pool.
* Community ecology and operation (27.25%): including air-drop, community promotion, various activities or proposal awards, 6% of which are unlocked immediately after the listing, and 94% will be unlocked linearly in 4 years.
* Matrix Vault (45%): the attribution and application scenarios will be voted by Matrix DAO community, and unlocked within 4 years, including staking and liquidity mining rewards, ETF incentives, community activities, etc.
## MDF TGE
| Round | Tokens | Release ratio | Release Amount |
| ------------------------------------------------ | ----------- | ------------- | -------------- |
| Private | 62,500,000 | 10% | 6,250,000 |
| Private+ | 20,000,000 | 20% | 4,000,000 |
| IDO | 5,000,000 | 100% | 5,000,000 |
| Liquidity pool | 10,000,000 | 100% | 10,000,000 |
| Community Ecosystem
and Operations
| 272,500,000 | 6% | 16,350,000 |
| TGE Total supply | | | 41,600,000 |
| TGE supply ratio | | | 4.16% |
## MDF Public Offering
| Platform | Price | Supply | Total Raise | Blockchain |
| -------- | ----- | --------- | ----------- | ---------- |
| Solanium | $0.02 | 2,000,000 | $40,000 | Solana |
| Bounce | $0.02 | 2,000,000 | $40,000 | Ethereum |
| Gate.io | $0.02 | 2,500,000 | $50,000 | Ethereum |
P.S:
> 1.All the Raised money has been added to Dex(Uniswap/Raydium) Liquidity.
>
> 2.The allocation of new amount(from 5,000,000 to 6,500,000) belongs to Community Ecosystem and Operation, which won’t change the initial circulation of MDF or the initial Token allocation ratios.
## MDF listing
Now $MDF has been listed on:
`Gate:`[`https://www.gate.io/trade/MDF_USDT`](https://www.gate.io/trade/MDF_USDT)
`Mexc：`[`https://www.mexc.com/zh-CN/exchange/MDF_USDT`](https://www.mexc.com/zh-CN/exchange/MDF_USDT)
`Raydium:`[`https://raydium.io/swap/?ammId=EYYHUrTo5VUAwXjm6NZSgtrKpr53Mtbvk1Mg74cxEyq4`](https://raydium.io/swap/?ammId=EYYHUrTo5VUAwXjm6NZSgtrKpr53Mtbvk1Mg74cxEyq4)
`Uniswap:`[`https://www.dextools.io/app/ether/pair-explorer/0xe6bbc807cb59b5f280b835135d01d077657d4550`](https://www.dextools.io/app/ether/pair-explorer/0xe6bbc807cb59b5f280b835135d01d077657d4550)
`Aofex:`[`https://aofex.ltd/#/exchange?symbol=MDF-USDT`](https://aofex.ltd/#/exchange?symbol=MDF-USDT)
`CoinGecko:`[`https://www.coingecko.com/en/coins/matrixetf`](https://www.coingecko.com/en/coins/matrixetf)
`Coinmarketcap:`[`https://coinmarketcap.com/currencies/matrixetf/`](https://coinmarketcap.com/currencies/matrixetf/)
# Matrix Index
Matrix Index is a cryptocurrency index fund designed to track quality tokens in blockchain industry and DeFi finance. The index fund is weighted based on the market value of each token. There is a basket of token assets of the fund. The fund share can be subscribed and sold on MatrixETF platform. It can also be used to mint new fund share through a basket of tokens and redeem them.
Matrix index is the simplest way to participate in the DeFi finance, because users do not need to buy these DeFi tokens from exchanges. The index will be evaluated and adjusted once a month to weaken or eliminate the poorly performing tokens, add the weighted tokens with high quality, or add new DeFi tokens for balance, so as to reflect the overall trend of the cryptocurrency market as much as possible.
Meanwhile, by subscribing MDI product, users can greatly save the gas fee of Ethereum and other public chains, and only pay once to gain encrypted assets including multiple tokens.
## Types of Matrix Index Funds
They include the following types of index:
* DeFI leading ETF fund: MDI, tracking tokens in DeFi.
* Public chain index fund: MCI, tracking public chain ecological development in cryptocurrency market.
* Solana ecological ETF fund: MSI, tracking hot projects and potential projects in Solana public chain ecology.
* Stable coins fund: to balance the exposure of various stable coins, the main goal is to act as the stable coin and object of value measurement in MatrixETF ecology.
* NFT fund products: track the crypto games and NFT.
At the same time, we will add and delete the index funds according to the development of the blockchain industry and the opinions and proposals of community users. If you have good suggestions or proposals, please contact us. If your proposal is accepted, you will receive MDF bonuses.
## MatrixETF Index Fund Standards
MatrixETF adopts the fundamental weighted method, which is weighted by 70% of the circulating market value and 30% of the fundamentals.
### Circulation Market Value
In terms of circulation market value, the price and circulating supply of each token are obtained through CoinGecko and Coinmarketcap, and the circulation market value is determined by multiplying the price of each token by the circulating supply.
The following table is an example of the market value ratio of MDI funds:
| DeFi | Circulating Supply | Token Price（$） | Circulating Market Cap（$） | % of Index |
| ----- | ------------------ | -------------- | ------------------------- | ---------- |
| UNI | 519,857,388 | 31.16 | 16,197,040,681 | 48% |
| Aave | 12,275,357 | 368.30 | 4,521,013,983 | 14% |
| SNX | 106,061,984 | 19.14 | 2,029,686,975 | 6% |
| Sushi | 156,541,312 | 20.18 | 3,159,128,909 | 9% |
| GRT | 1,245,666,867 | 1.72 | 2,144,290,945 | 6% |
| COMP | 2,561,279 | 427.93 | 1,096,048,122 | 3% |
| MKR | 996,553 | 2114.54 | 2,107,251,181 | 6% |
| YFI | 30,000 | 35657.25 | 1,069,717,500 | 3% |
| BNT | 94,552,997 | 7.75 | 732350783.00 | 2% |
| CRV | 200,408,156 | 2.03 | 406,267,414 | 1% |
| Total | | | 33462796493.00 | 100% |
### Fundamentals Value
When considering the fundamentals, it will be analyzed from the economic model of the token, the development of the project, the security of the agreement, the transaction risk of the token, and the community foundation, these five standards will be used to screen the projects to be selected into the funds.
#### Economic Model of Token
* The token must have a detailed allocation model
* The release of initial circulation and supply of token is reasonable
* The token must have practical use and intrinsic value
* Whether the number and distribution of token holders are appropriate or not, there is no risk of forced manipulation
#### Development of the Project
* The project must be in the construction of useful agreements or products, not with the nature of Ponzi scheme, or entertainment gambling purposes.
* Whether the project has a clear roadmap and is implemented as planned.
* The project must have GitHub code, and submit it regularly.
* The project must have a product (beta version or official version), or a relatively complete product design.
* The agreement or product must have been released for at least 90 days.
* The ecology and application development of the project.
* The status of the agreement or project cannot be bankruptcy.
#### Security of Protocol
* Whether the project has been audited by professional staff or well-known audit institutions to determine the security of smart contract and whether it can maintain the security of user assets.
* The number of days of smart contract/code operation and the number of transactions on the chain to reflect the level of smart contract.
* Whether the project has complete documents and risk mechanism plan. In case of safety accidents, the team must respond quickly to provide reliable solutions for the users and avoid property losses.
* The token must have sufficient liquidity on various trading platforms.
#### Trading Risks
* If the market value of token is too small, it is easy to cause strong fluctuation of token price and the risk of manipulation.
* The volatility risk of token price is relative to the volatility of BTC/ETH.
* Whether it can be smoothly traded, whether it is listed on the leading exchanges, whether it has futures, options and other derivatives.
* Whether the liquidity, daily average trading volume and turnover rate of token are normal.
* The number and distribution of token holders.
#### Project Community
* The project must have a more standardized community governance process
* Whether the project has established an international community (Twitter/telegram/facebook/Meduim/Discord, etc.)
* Data on the number of users, participation and daily user activity of the project community
* Whether the project has weekly journals, regularly release project progress, and actively communicate with community users.
The table below is an example of the proportion of fundamentals of MDI funds:
| **DeFi** | Economic Model | Development | Security | Trading Risk | Community Foundation | Average | **%of Index** |
| -------- | -------------- | ----------- | -------- | ------------ | -------------------- | ------- | ------------- |
| UNI | 8.5 | 9.5 | 9.0 | 9.5 | 9.8 | 9.26 | 10.66% |
| Aave | 8.0 | 9.0 | 8.8 | 9.3 | 8.8 | 8.78 | 10.10% |
| SNX | 8.2 | 8.6 | 8.5 | 9.0 | 8.5 | 8.56 | 9.85% |
| Sushi | 9.0 | 8.5 | 8.6 | 8.2 | 9.4 | 8.74 | 10.06% |
| GRT | 8.6 | 9.0 | 9.0 | 8.0 | 8.5 | 8.62 | 9.92% |
| COMP | 9.0 | 8.8 | 8.4 | 8.8 | 8.6 | 8.72 | 10.03% |
| MKR | 8.4 | 9.0 | 8.3 | 8.6 | 8.0 | 8.46 | 9.74% |
| YFI | 9.6 | 9.0 | 8.8 | 8.7 | 8.8 | 8.98 | 10.33% |
| BNT | 8.8 | 8.6 | 8.6 | 7.8 | 8.0 | 8.36 | 9.62% |
| CRV | 9.2 | 8.5 | 8.5 | 8.1 | 7.8 | 8.42 | 9.69% |
| Total | | | | | | 86.9 | 100.00% |
The following table is an example of the final proportion after taking the market value and fundamentals into consideration:
| DeFi | Market Cap(70%) | Fundamental(30%) | Average | % of Index |
| ----- | --------------- | ---------------- | ------- | ---------- |
| UNI | 48.40 | 10.66 | 59.06 | 29.53% |
| Aave | 13.51 | 10.10 | 23.61 | 11.81% |
| SNX | 6.07 | 9.85 | 15.92 | 7.96% |
| Sushi | 9.44 | 10.06 | 19.50 | 9.75% |
| GRT | 6.41 | 9.92 | 16.33 | 8.16% |
| COMP | 3.28 | 10.03 | 13.31 | 6.65% |
| MKR | 6.30 | 9.74 | 16.03 | 8.02% |
| YFI | 3.20 | 10.33 | 13.53 | 6.77% |
| BNT | 2.19 | 9.62 | 11.81 | 5.90% |
| CRV | 1.21 | 9.69 | 10.90 | 5.45% |
| Total | 100.00 | 100.00 | 200.00 | 100.00% |
### Matrix Index Rebalance
According to the development of the cryptocurrency market and the operation status of the project party, Matrix Index will be maintained and adjusted on a monthly basis, including the weighted proportion of tokens, addition and deletion of new tokens, etc.
The process of Rebalance consists of two phases:
#### 1.Confirmation:
This phase usually takes place in the fourth week of each month. At this phase, the details of the next reorganization will be discussed and determined, including:
* Whether to adjust circulating supply of funds
* Whether to adjust the token weighted proportion
* Whether to delete tokens or add new tokens
* Details of new tokens
#### 2.Rebalance
The index and fund need to be adjusted according to the announcement after the end of the confirmation, in which the addition and deletion of related token and weighted proportion are completed in the first week of the next month.
# DAO
DAO represents a decentralized autonomous organization, which gathers together for a mission and cooperates according to a series of rules on the blockchain.
The biggest advantage of DAO is that it is more transparent than traditional companies, and is easy to participate. With the development and popularization of blockchain technology, DAO has gradually become an emerging part of the DeFi (Decentralized Finance). Many communities now solve various problems through decentralized collaborative operations.
For MatrixETF, no one is responsible for MatrixETF. The development of MatrixETF is decided by the consensus of community voters. Anyone can contribute to a new proposal and existing proposals.
# MDF Governance
MDF token is the key to community governance of MatrixETF. MDF holders can participate in community governance and decision-making, including what kind of ETF investment products MatrixETF creates, investment strategies and asset classes of ETF funds, and improve the development direction of ETF and MatrixETF ecosystem. MDF enables holders to control their finance.
All decisions of protocols on MatrixETF are made by MDF holders. Users who hold MDF are the administrators of the system, and have the right to participate in the governance of the platform. MDF holders and applications based on MDF will continuously and automatically gain governance rights.
In the MatrixETF ecosystem, any administrator who meets the rules set by the system can initiate a proposal, and then vote to decide whether the proposal is passed and implemented. All MDF holders can initiate a proposal, which is reviewed by MatrixETF foundation or super nodes. After the proposal is approved, the community will vote publicly. All MDF holders can participate in the voting. The contents of the new proposal include important ecological components (including interest rate, introduction of new assets, handling fees, etc.), major ecological development plans, etc.
As a decentralized DeFi platform, in order to make the project launch and operate as soon as possible, MatrixETF foundation will take the responsibility of community autonomy in the early stage, and then the community will take all decisions through the allocation of governance token.
As the platform completes the layout of ecology and runs in a decentralized way, the community will be responsible for the management of the platform and protocols. MDF holders can offer proposals to MDF protocol, or vote on the proposal, so that the "user" of the project is infinitely close to the "owner" of the project, further promoting the realization of decentralized governance, and solving the problems of blockchain governance: effective incentives and consensus.
Thus, MDF holders are responsible for all decisions about MatrixETF to achieve complete decentralized community governance.
# Snapshot
Users can find snapshot voting platform by , which uses custom policies to ensure that any representation of MDF has voting rights.
Community users who hold MDF can submit new proposals, vote on the proposals, and participate in community governance and decision-making. The right to vote can also be delegated to a delegation to participate in governance.
# Article collection
## [MatrixNFT System & Genesis NFT Drop](https://matrixetf.medium.com/matrixnft-system-genesis-nft-drop-e2ef55fa0e2c?source=user_profile---------36-------------------------------)
## [How to check and sell/buy Matrix Genesis NFT on Opensea?](https://matrixetf.medium.com/how-to-check-and-sell-buy-matrix-genesis-nft-on-opensea-7832cc825c63?source=user_profile---------35-------------------------------)
## [What are the concepts of MatrixETF Blind Boxes?](https://matrixetf.medium.com/what-are-the-concepts-of-matrixetf-blind-boxes-5581cb26960d?source=user_profile---------12-------------------------------)
## [Why do we need Crypto ETF Index?](https://matrixetf.medium.com/why-do-we-need-crypto-etf-index-52980582fc2a?source=user_profile---------7-------------------------------)
# MatrixETF Community Ambassador Plan
As we know MatrixETF is the cross-chain enabled decentralized ETF platform, along with the process of development, we find the significance of community.
For incentivizing the positivity and creativity of the encrypted community, also bringing energy to the MatrixETF community, we promote this MatrixETF Community Ambassador to attract more and more crypto users to better understand and follow MatrixETF.
**3 Main objectives of MatrixETF Community Ambassador Plan**
* Expand awareness globally of MatrixETF project and encrypted ETF
* Establish an active and strong MatrixETF community in crypto network
* Reward community members who have contributed to MatrixETF
## Who can join it?
Everyone can take part in the MatrixETF community and have the chance to be a MatrixETF Community Ambassador. You can use your strength and capability to contribute in MatrixETF, also you can help our project big our community and promote the development of MatrixETF, in order to improve MatrixETF global influence.
We welcome more and more KOLs, Social Media and volunteers, come and join MatrixETF development. We believe that this plan will bring prosperity and energy to MatrixETF community. Meanwhile capable users can have the opportunity to prove themselves and realize their own life values through this meaningful journey.
## Community Ambassador Responsibility
MatrixETF is a cross-chain enabled decentralized ETF platform. The reason why we promote Community Ambassador Plan is we wish to improve the usage rate and attention of MatrixETF, as well as attract more encrypted users to understand MatrixETF and ETF products by social media, in order to realize various asset portfolios.
**Community Ambassadors, you can make a contribution to MatrixETF by the methods below:**
* Interact with social media and encrypted community
* Publicize MatrixETF by contents and social media
* Create MatrixETF relevant content including but not limited to articles, videos, tweets, Memes etc.
* Translate documents, articles and social media contents to your regional language
* Establish and develop MatrixETF different regional community
* Guide new community members, answer their problems, manager our Telegram group & Discord to support community
* Organize online meeting, AMA or other activities for local community
* Expand MatrixETF influence and community user base
* Coordinate, connect and communicate with qualified projects
* Test new functions on MatrixETF
* Provide MatrixETF code and feedbacks/suggestions
# How to be a MatrixETF Community Ambassador?
### First Step: Read relevant documents and fill out the application form
(Ones have already filled applications you can skip it)
Article 1:[《MatrixETF Community Ambassador Plan》](https://matrixetf.medium.com/matrixetf-community-ambassador-plan-a5acdd8a8eb0)
Article 2:[《Reward Details of MatrixETF Community Ambassador》](https://matrixetf.medium.com/reward-details-of-matrixetf-community-ambassador-838cf4d8b6da)
Application Link:~~**(disabled)**~~
### **Second Step: Join MatrixETF Community Ambassador Telegram group**
**Telegram****:**~~**(disabled)**~~
### Third Step: Finish tasks in Telegram group
We will start Ambassador trial running plan for 1 month. By distributing tasks in the group, guide community ambassadors to pass the tasks and provide work-proofs to gain points.
**Tasks Sheet**:
**Submit Form**:
~~1.~~[~~https://forms.gle/poLFKrEY49bW4nry6~~](https://forms.gle/poLFKrEY49bW4nry6)~~(~~disused~~)~~
~~2.~~[~~https://forms.gle/CFnUPtQcNgbwpcEB6~~](https://forms.gle/CFnUPtQcNgbwpcEB6)~~**(disabled)**~~
**3.**[**https://forms.gle/b7LnJCU3RXDWqr449**](https://forms.gle/b7LnJCU3RXDWqr449)**(active)**
### Fourth Step: Officially becoming one of **MatrixETF Community Ambassadors**
**Only if you finish the tasks and gain 500 points, you officially become one of MatrixETF Community Ambassadors.**
**Ambassador Points Rank**:
**There are 12 levels of** MatrixETF Community Ambassadors. Different levels require different points, and you will gain corresponding $MDF as rewards.
| Level | NFT Badge | Demand Points | Upgrade Demand More Points | MDF Rewards Monthly |
|---|
| 1 | MatrixETF Army Ⅰ | 500 | 200 | 100 |
| 2 | MatrixETF Army Ⅱ | 1,000 | 400 | 200 |
| 3 | MatrixETF Army Ⅲ | 2,000 | 800 | 500 |
| 4 | MatrixETF Angel Ⅰ | 4,000 | 1,000 | 1,000 |
| 5 | MatrixETF Angel Ⅱ | 8,000 | 1,500 | 1,500 |
| 6 | MatrixETF Angel Ⅲ | 16,000 | 2,000 | 2,000 |
| 7 | MatrixETF Creator Ⅰ | 32,000 | 3,000 | 4,000 |
| 8 | MatrixETF Creator Ⅱ | 64,000 | 5,000 | 10,000 |
| 9 | MatrixETF Creator Ⅲ | 128,000 | 8,000 | 20,000 |
| 10 | MatrixETF Genesis Ⅰ | 256,000 | 12,000 | 50,000 |
| 11 | MatrixETF Genesis Ⅱ | 512,000 | 20,000 | 80,000 |
| 12 | MatrixETF Genesis Ⅲ | 1,024,000 | - | 100000 |
Except $MDF, we are designing different method rewards of MatrixETF Community Ambassador Plan. Hope more and more users participate in community contribution: Establish an active and strong MatrixETF community in crypto network。
If you have any doubts or questions, please feel free to contact [business@matrixetf.finance](http://business@matrixetf.finance/).
# Community Ambassador Point and Level
MatrixETF Community Ambassador Plan will utilize the Point System. If you have accomplished the tasks and gained enough points, you can convert to corresponding Level Title, the specific Level Title will have the right to distribute $MDF in the community.
To incentivize community ambassadors to gain points and levels from working proofs, the higher level means you will be awarded with more rewards. We have decided to provide users with a more competitive rewarding system by combining Level Improvement and Ratio Exchange.
**Notice:**
* All community ambassadors will start from Pre-Ambassador, if you have accomplished tasks and reached up to 500 points, you will automatically become one of MatrixETF ArmyⅠ.
* The ratio between points and $MDF will change according to the level, higher level is with higher exchange ratio.
* Awarded Points can be exchanged with $MDF(MatrixETF Governance Token) once a week.
* Titles can be upgraded, however if you don’t keep the same performance in 2 months, your titles are possible to be downgraded.
* Ambassadors with certain level titles, can have the certain community $MDF distribution rights every month.
The Title of MatrixETF Community Ambassador can be exchanged and upgraded by consuming $MDF. The exchanged MDF can be vested after being locked for 6–12 months.
| Level | NFT Badge | Upgrade Demand MDF Consumption | MDF Rewards Monthly |
|---|
| 1 | MatrixETF Army Ⅰ | 10K | 100 |
| 2 | MatrixETF Army Ⅱ | 20K | 200 |
| 3 | MatrixETF Army Ⅲ | 50K | 500 |
| 4 | MatrixETF Angel Ⅰ | 100K | 1,000 |
| 5 | MatrixETF Angel Ⅱ | 150K | 1,500 |
| 6 | MatrixETF Angel Ⅲ | 200K | 2,000 |
| 7 | MatrixETF Creator Ⅰ | 400K | 4,000 |
| 8 | MatrixETF Creator Ⅱ | 500K | 10,000 |
| 9 | MatrixETF Creator Ⅲ | 1M | 20,000 |
| 10 | MatrixETF Genesis Ⅰ | 5M | 50,000 |
| 11 | MatrixETF Genesis Ⅱ | 10M | 80,000 |
| 12 | MatrixETF Genesis Ⅲ | 20M | 100,000 |
# Ambassador FAQ
### **1.How to contribute to MatrixETF for Ambassador Plan?**
You can make your contributions for MatrixETF in various ways(more than 17 tasks type) and get rewards.
**Task Sheet：**
### 2.How to submit my proof of work?
For submitting your proof of work, please follow the below steps.
1. Download/make a copy of the Task Sheets and record you works, then submit to us by the form.
2. Record you works in your own methods and submit to us by form.(Recommend if you have many proofs of work)
3. The review day is each Sunday, after UTC+ 12:00, so if you want to submit your work, before the time is perfect.
4. If you couldn't submit your work by form, please resubmit it by mail.
**Task Sheet：**
**Submit form**:
~~1.~~[~~https://forms.gle/poLFKrEY49bW4nry6~~](https://forms.gle/poLFKrEY49bW4nry6)~~(disabled)~~
~~2.~~[~~https://forms.gle/CFnUPtQcNgbwpcEB6~~](https://forms.gle/CFnUPtQcNgbwpcEB6)~~(disabled)~~
**3.**[**https://forms.gle/b7LnJCU3RXDWqr449**](https://forms.gle/b7LnJCU3RXDWqr449)**(active)**
**Submit Email:**
### 3.How to be a MatrixETF Community Ambassador?
check this article for reference:
**New #ambassador applications has been suspended since last week (2/21/2022).**
**check this link for reference:**[**https://twitter.com/MatrixETF/status/1498600476161368064**](https://twitter.com/MatrixETF/status/1498600476161368064)
### 4.Are we to submit the work daily or weekly?
Weekly.
### 5.What's the deadline for submitting our proof of work?
Our review day is each Sunday, after UTC+ 12:00, so if you want to submit your work, before the time is perfect.
After that time, your work will be counted together with new week.
Also, when submitting your proof of work, please approve the access to open it, otherwise your work maybe not been counted timely.
### 6.When my proof of work will be counted?
Normally every Monday to Tuesday, it will be announced by Twitter Post after counting.
You can check [Points Rank Sheet](https://docs.google.com/spreadsheets/d/1utLmKqKsvO5bGIvll-2W0grf90w2TjShUVhB1AJFzVo/edit?usp=sharing) to see whether you get the points or not.
### 7.How to become MatrixETF official ambassador?
Only if you finish the [tasks work ](https://docs.google.com/spreadsheets/d/1M0OZES5ipY-JIf0w0KXfJajCtX67HJ1C1QmmgN6j3fE/edit?usp=sharing)and gain 500 points, you will become one of MatrixETF Community Ambassadors.
### **8.Where can I find my Points and level?**
Community Ambassador Points Rank:
### 9.How can I exchange my points to MDF?
Only if you have 500 Points, you can submit your inquiry for exchange to MDF weekly.
**Exchange Form:**
~~1.~~[~~https://forms.gle/sFECjkBiz87UrZb18~~](https://forms.gle/sFECjkBiz87UrZb18)~~(Disabled)~~
~~2.~~[~~https://forms.gle/C5ckdTCiZYw2gop5A~~](https://forms.gle/C5ckdTCiZYw2gop5A)~~(Disabled)~~
**3.**[**https://forms.gle/RT46hynBCrtYazes7**](https://forms.gle/RT46hynBCrtYazes7)**(active)**
**Your apply will be solved in 3-5 Work days.**
### 10.What's the exchange ration of Point and MDF?
To incentivize community ambassadors to gain points and levels from working proofs, the higher level means you will be awarded with more rewards. We have decided to provide users with a more competitive rewarding system by combining Level Improvement and Ratio Exchange.
Want to know more information, please check this article for reference:
[《MatrixETF Community Ambassador Point，Level & Ratio Announcement》](https://matrixetf.medium.com/matrixetf-community-ambassador-point-level-ratio-announcement-ee135ff5f904)
### 11.Is there any other rewards, except for Points?
Yes. If you have 500 Points, you can get a "MatrixETF Army I" NFT Badge, once you have this Badge, you can have another 100 MDF Rewards Monthly.
### 12.Why is my Point score lower than expected?
We recommend more meaningful and original content, you’d better have your own idea and opinion, rather than simply copy our white paper/article/announcement contents.
**Quantity is not equal to Quality.** The more you created low qualified contents, won’t bring you with higher scores, instead you will probably degrade your level.
Once again we mention our selection standard, based on the previous standard, we will focus more on the points as below:
* Focus on the quality of your posts, high qualified posts will help to gain higher scores
* Interesting contents will more easy to share in the community
* We hope you can expand your community relationship, build strong dynamic communities and increase your social media followers
* Improve your aesthetic ability and comprehension on crypto market, create more encrypted favorable contents
* Contents for improving MatrixETF product’s utility and adoption
check below article for more information:
《[The Third Week Evaluation Standard of MatrixETF Community Ambassador Plan](https://matrixetf.medium.com/the-third-week-evaluation-standard-of-matrixetf-community-ambassador-plan-518c25607d70)》
### 13. Is there any quantity suggested for Ambassador work?
* Twitter: less than 3 Tweets daily, better with 10 Tweets weekly
* MEME/Design: less than 2 posts daily, no more than 5 posts weekly
* Article: better with 1 articles in a week
* Video: better with 1 videos in a week
* Translated Article: better with 1 articles in a week
# Community Links
These are our official social media, everything else has to be considered as unofficial!
Official website：
Twitter：
Medium：
Official Telegram：
Channel Telegram：
Github ：
# Brand suite
MatrixETF LOGO
{% file src="/files/sNry0OdztlK48fQ4H14N" %}
{% file src="/files/OIJCnX21UrUvRo33iz9y" %}
{% file src="/files/uFUSg0xxKAZfGkEbl043" %}
# Investors & Partner
We are thrilled to announce that MatrixETF has finished the seed and private funding round.
Our investors include Spark Digital Capital, CMS Holdings, Morningstar Ventures, Ascensive Assets ,Divergence Ventures ,GBV Capital, Solana Eco Fund(Established by MXC & OKEX), Moonrock Capital, AU21 Capital.
Our Partners include MXC, OKEX, PARSIQ, Polygon, Chainlink, etc.
# Notice and Disclaimer
PLEASE READ THE ENTIRETY OF THIS "NOTICE AND DISCLAIMER" SECTION CAREFULLY. NOTHING HEREIN CONSTITUTES LEGAL, FINANCIAL, BUSINESS OR TAX ADVICE AND YOU SHOULD CONSULT YOUR OWN LEGAL, FINANCIAL, TAX OR OTHER PROFESSIONAL ADVISOR(S) BEFORE ENGAGING IN ANY ACTIVITY IN CONNECTION HEREWITH. NEITHER MATRIX CAPITAL LIMITED (THE COMPANY), ANY OF THE PROJECT TEAM MEMBERS (THE MATRIXETF TEAM) WHO HAVE WORKED ON THE MATRIXETF PLATFORM (AS DEFINED HEREIN) OR PROJECT TO DEVELOP THE MATRIXETF PLATFORM IN ANY WAY WHATSOEVER, ANY DISTRIBUTOR/VENDOR OF MDF TOKENS (THE DISTRIBUTOR), NOR ANY SERVICE PROVIDER SHALL BE LIABLE FOR ANY KIND OF DIRECT OR INDIRECT DAMAGE OR LOSS WHATSOEVER WHICH YOU MAY SUFFER IN CONNECTION WITH ACCESSING THIS WHITEPAPER, THE WEBSITE AT (THE WEBSITE) OR ANY OTHER WEBSITES OR MATERIALS PUBLISHED BY THE COMPANY.
**Project purpose:** You agree that you are acquiring MDF to participate in the MatrixETF platform and to obtain services on the ecosystem thereon. The Company, the Distributor and their respective affiliates would develop and contribute to the underlying source code for the MatrixETF platform. The Company is acting solely as an arms’ length third party in relation to the MDF distribution, and not in the capacity as a financial advisor or fiduciary of any person with regard to the distribution of MDF.
**Nature of the Whitepaper:** The Whitepaper and the Website are intended for general informational purposes only and do not constitute a prospectus, an offer document, an offer of securities, a solicitation for investment, or any offer to sell any product, item, or asset (whether digital or otherwise). The information herein may not be exhaustive and does not imply any element of a contractual relationship. There is no assurance as to the accuracy or completeness of such information and no representation, warranty or undertaking is or purported to be provided as to the accuracy or completeness of such information. Where the Whitepaper or the Website includes information that has been obtained from third party sources, the Company, the Distributor, their respective affiliates and/or the MatrixETF team have not independently verified the accuracy or completeness of such information. Further, you acknowledge that circumstances may change and that the Whitepaper or the Website may become outdated as a result; and neither the Company nor the Distributor is under any obligation to update or correct this document in connection therewith.
**Token Documentation:** Nothing in the Whitepaper or the Website constitutes any offer by the Company, the Distributor, or the MatrixETF team to sell any MDF (as defined herein) nor shall it or any part of it nor the fact of its presentation form the basis of, or be relied upon in connection with, any contract or investment decision. Nothing contained in the Whitepaper or the Website is or may be relied upon as a promise, representation or undertaking as to the future performance of the MatrixETF platform. The agreement between the Distributor (or any third party) and you, in relation to any distribution or transfer of MDF, is to be governed only by the separate terms and conditions of such agreement.
The information set out in the Whitepaper and the Website is for community discussion only and is not legally binding. No person is bound to enter into any contract or binding legal commitment in relation to the acquisition of MDF, and no digital asset or other form of payment is to be accepted on the basis of the Whitepaper or the Website. The agreement for distribution of MDF and/or continued holding of MDF shall be governed by a separate set of Terms and Conditions or Token Distribution Agreement (as the case may be) setting out the terms of such distribution and/or continued holding of MDF (the Terms and Conditions), which shall be separately provided to you or made available on the Website. The Terms and Conditions must be read together with the Whitepaper. In the event of any inconsistencies between the Terms and Conditions and the Whitepaper or the Website, the Terms and Conditions shall prevail.
**Deemed Representations and Warranties:** By accessing the Whitepaper or the Website (or any part thereof), you shall be deemed to represent and warrant to the Company, the Distributor, their respective affiliates, and the MatrixETF team as follows:
(a) in any decision to acquire any MDF, you have shall not rely on any statement set out in the Whitepaper or the Website;
(b) you will and shall at your own expense ensure compliance with all laws, regulatory requirements and restrictions applicable to you (as the case may be);
(c) you acknowledge, understand and agree that MDF may have no value, there is no guarantee or representation of value or liquidity for MDF, and MDF is not an investment product nor is it intended for any speculative investment whatsoever;
(d) none of the Company, the Distributor, their respective affiliates, and/or the MatrixETF team members shall be responsible for or liable for the value of MDF, the transferability and/or liquidity of MDF and/or the availability of any market for MDF through third parties or otherwise; and
(e) you acknowledge, understand and agree that you are not eligible to participate in the distribution of MDF if you are a citizen, national, resident (tax or otherwise), domiciliary and/or green card holder of a geographic area or country (i) where it is likely that the distribution of MDF would be construed as the sale of a security (howsoever named), financial service or investment product and/or (ii) where participation in token distributions is prohibited by applicable law, decree, regulation, treaty, or administrative act (including without limitation the United States of America and the People's Republic of China); and to this effect you agree to provide all such identity verification document when requested in order for the relevant checks to be carried out.
The Company, the Distributor and the MatrixETF team do not and do not purport to make, and hereby disclaims, all representations, warranties or undertaking to any entity or person (including without limitation warranties as to the accuracy, completeness, timeliness, or reliability of the contents of the Whitepaper or the Website, or any other materials published by the Company or the Distributor). To the maximum extent permitted by law, the Company, the Distributor, their respective affiliates and service providers shall not be liable for any indirect, special, incidental, consequential or other losses of any kind, in tort, contract or otherwise (including, without limitation, any liability arising from default or negligence on the part of any of them, or any loss of revenue, income or profits, and loss of use or data) arising from the use of the Whitepaper or the Website, or any other materials published, or its contents (including without limitation any errors or omissions) or otherwise arising in connection with the same. Prospective acquirors of MDF should carefully consider and evaluate all risks and uncertainties (including financial and legal risks and uncertainties) associated with the distribution of MDF, the Company, the Distributor and the MatrixETF team.
**MDF Token:** MDF are designed to be utilised, and that is the goal of the MDF distribution. In fact, the project to develop the MatrixETF platform would fail if all MDF holders simply held onto their MDF and did nothing with it. In particular, it is highlighted that MDF:
(a) does not have any tangible or physical manifestation, and does not have any intrinsic value (nor does any person make any representation or give any commitment as to its value);
(b) is non-refundable and cannot be exchanged for cash (or its equivalent value in any other digital asset) or any payment obligation by the Company, the Distributor or any of their respective affiliates;
(c) does not represent or confer on the token holder any right of any form with respect to the Company, the Distributor (or any of their respective affiliates), or its revenues or assets, including without limitation any right to receive future dividends, revenue, shares, ownership right or stake, share or security, any voting, distribution, redemption, liquidation, proprietary (including all forms of intellectual property or licence rights), right to receive accounts, financial statements or other financial data, the right to requisition or participate in shareholder meetings, the right to nominate a director, or other financial or legal rights or equivalent rights, or intellectual property rights or any other form of participation in or relating to the MatrixETF platform, the Company, the Distributor and/or their service providers;
(d) is not intended to represent any rights under a contract for differences or under any other contract the purpose or pretended purpose of which is to secure a profit or avoid a loss;
(e) is not intended to be a representation of money (including electronic money), security, commodity, bond, debt instrument, unit in a collective investment scheme or any other kind of financial instrument or investment;
(f) is not a loan to the Company, the Distributor or any of their respective affiliates, is not intended to represent a debt owed by the Company, the Distributor or any of their respective affiliates, and there is no expectation of profit; and
(g) does not provide the token holder with any ownership or other interest in the Company, the Distributor or any of their respective affiliates.
Notwithstanding the MDF distribution, users have no economic or legal right over or beneficial interest in the assets of the Company, the Distributor, or any of their affiliates after the token distribution.
To the extent a secondary market or exchange for trading MDF does develop, it would be run and operated wholly independently of the Company, the Distributor, the distribution of MDF and the MatrixETF platform. Neither the Company nor the Distributor will create such secondary markets nor will either entity act as an exchange for MDF.
**Informational purposes only:** The information set out herein is only conceptual, and describes the future development goals for the MatrixETF platform to be developed. In particular, the project roadmap in the Whitepaper is being shared in order to outline some of the plans of the MatrixETF team, and is provided solely for **INFORMATIONAL PURPOSES** and does not constitute any binding commitment. Please do not rely on this information in deciding whether to participate in the token distribution because ultimately, the development, release, and timing of any products, features or functionality remains at the sole discretion of the Company, the Distributor or their respective affiliates, and is subject to change. Further, the Whitepaper or the Website may be amended or replaced from time to time. There are no obligations to update the Whitepaper or the Website, or to provide recipients with access to any information beyond what is provided herein.
**Regulatory approval:** No regulatory authority has examined or approved, whether formally or informally, any of the information set out in the Whitepaper or the Website. No such action or assurance has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction. The publication, distribution or dissemination of the Whitepaper or the Website does not imply that the applicable laws, regulatory requirements or rules have been complied with.
**Cautionary Note on forward-looking statements:** All statements contained herein, statements made in press releases or in any place accessible by the public and oral statements that may be made by the Company, the Distributor and/or the MatrixETF team, may constitute forward-looking statements (including statements regarding the intent, belief or current expectations with respect to market conditions, business strategy and plans, financial condition, specific provisions and risk management practices). You are cautioned not to place undue reliance on these forward-looking statements given that these statements involve known and unknown risks, uncertainties and other factors that may cause the actual future results to be materially different from that described by such forward-looking statements, and no independent third party has reviewed the reasonableness of any such statements or assumptions. These forward-looking statements are applicable only as of the date indicated in the Whitepaper, and the Company, the Distributor as well as the MatrixETF team expressly disclaim any responsibility (whether express or implied) to release any revisions to these forward-looking statements to reflect events after such date.
**References to companies and platforms:** The use of any company and/or platform names or trademarks herein (save for those which relate to the Company, the Distributor or their respective affiliates) does not imply any affiliation with, or endorsement by, any third party. References in the Whitepaper or the Website to specific companies and platforms are for illustrative purposes only.
**English language:** The Whitepaper and the Website may be translated into a language other than English for reference purpose only and in the event of conflict or ambiguity between the English language version and translated versions of the Whitepaper or the Website, the English language versions shall prevail. You acknowledge that you have read and understood the English language version of the Whitepaper and the Website.
**No Distribution:** No part of the Whitepaper or the Website is to be copied, reproduced, distributed or disseminated in any way without the prior written consent of the Company or the Distributor. By attending any presentation on this Whitepaper or by accepting any hard or soft copy of the Whitepaper, you agree to be bound by the foregoing limitations.
# Risks
The MatrixETF platform is currently in the initial development stages and there are a variety of unforeseeable risks. You acknowledge and agree that there are numerous risks associated with acquiring MDF, holding MDF, and using MDF for participation in the MatrixETF platform. In the worst scenario, this could lead to the loss of all or part of MDF held. **IF YOU DECIDE TO ACQUIRE MDF OR PARTICIPATE IN THE MATRIXETF PLATFORM, YOU EXPRESSLY ACKNOWLEDGE, ACCEPT AND ASSUME THE FOLLOWING RISKS:**
**1. Uncertain Regulations and Enforcement Actions**
The regulatory status of the MatrixETF platform, MDF and distributed ledger technology is unclear or unsettled in many jurisdictions. The regulation of digital assets has become a primary target of regulation in all major countries in the world. It is impossible to predict how, when or whether regulatory agencies may apply existing regulations or create new regulations with respect to such technology and its applications, including MDF and/or the MatrixETF platform. Regulatory actions could negatively impact MDF and/or the MatrixETF platform in various ways. The Company, the Distributor (or their respective affiliates) may cease operations in a jurisdiction in the event that regulatory actions, or changes to law or regulation, make it illegal to operate in such jurisdiction, or commercially undesirable to obtain the necessary regulatory approval(s) to operate in such jurisdiction. After consulting with a wide range of legal advisors to mitigate the legal risks as much as possible, the Company and Distributor have worked with the specialist blockchain department at Bayfront Law LLC and obtained a legal opinion on the token distribution, and will be conducting business in accordance with the prevailing market practice.
**2. Inadequate disclosure of information**
As at the date hereof, the MatrixETF platform is still under development and its design concepts, consensus mechanisms, algorithms, codes, and other technical details and parameters may be constantly and frequently updated and changed. Although this whitepaper contains the most current information relating to the MatrixETF platform, it is not absolutely complete and may still be adjusted and updated by the MatrixETF team from time to time. The MatrixETF team has neither the ability nor obligation to keep holders of MDF informed of every detail (including development progress and expected milestones) regarding the project to develop the MatrixETF platform, hence insufficient information disclosure is inevitable and reasonable.
**3. Competitors**
Various types of decentralised applications and networks are emerging at a rapid rate, and the industry is increasingly competitive. It is possible that alternative networks could be established that utilise the same or similar code and protocol underlying MDF and/or the MatrixETF platform and attempt to re-create similar facilities. The MatrixETF platform may be required to compete with these alternative networks, which could negatively impact MDF and/or the MatrixETF platform.
**4. Failure to develop**
There is the risk that the development of the MatrixETF platform will not be executed or implemented as planned, for a variety of reasons, including without limitation the event of a decline in the prices of any digital asset, virtual currency or MDF, unforeseen technical difficulties, and shortage of development funds for activities.
**5. Security weaknesses**
Hackers or other malicious groups or organisations may attempt to interfere with MDF and/or the MatrixETF platform in a variety of ways, including, but not limited to, malware attacks, denial of service attacks, consensus-based attacks, Sybil attacks, smurfing and spoofing. Furthermore, there is a risk that a third party or a member of the Company, the Distributor or their respective affiliates may intentionally or unintentionally introduce weaknesses into the core infrastructure of MDF and/or the MatrixETF platform, which could negatively affect MDF and/or the MatrixETF platform.
Further, the future of cryptography and security innovations are highly unpredictable and advances in cryptography, or technical advances (including without limitation development of quantum computing), could present unknown risks to MDF and/or the MatrixETF platform by rendering ineffective the cryptographic consensus mechanism that underpins that blockchain protocol.
**6. Other risks**
In addition, the potential risks briefly mentioned above are not exhaustive and there are other risks (as more particularly set out in the Terms and Conditions) associated with your participation in the MatrixETF platform, as well as acquisition of, holding and use of MDF, including those that the Company or the Distributor cannot anticipate. Such risks may further materialise as unanticipated variations or combinations of the aforementioned risks. You should conduct full due diligence on the Company, the Distributor, their respective affiliates, and the MatrixETF team, as well as understand the overall framework, mission and vision for the MatrixETF platform prior to participating in the same and/or acquiring MDF.