Matic Network (MATIC) - cryptocurrency "from zero to millionaire"?

108,4% price increase in the last month and 4182,24% during the year. How it impressed investors so much cryptocurrency Matic Netrwork (MATIC)that they are buying it for power, although it was not created until the end of the first quarter of 2019? We check.

We continue the cycle of the Forex Club portal, in which we analyze and describe the largest, highest-valued, most interesting, most developmental, advanced and also the most controversial cryptocurrency projects around the world. Today is the time for Matic Network - a cryptocurrency that has hit the top of the blockchain world and there are many indications that this is not her last word.

How does Matic Network (MATIC) work

Since the cryptocurrency was created in 2019, it must of course offer a solution to the problem that turned out to be the biggest problem of similar projects - scalability. And it offers: it solves the problem of throughput by using side chains. Thanks to their use, transactions are fast, cheap and safe. Everything is supervised by validators Proof of Stake (POS).

What is important, side chains are public. This allows smart contracts and applications designed by separate companies, institutions or people to interact with each other. They can also be used to extend the operation of applications that already exist and are based on Ethereum. 

In the Matic Network, of course, you pay with her token - Matic. Initially It was created on Ethereum in the ERC-20 standardbut quickly converted to its own network. A small amount is deducted from each transaction and goes to the project's technical development fund. Anyway as much as 75% of the amount from the first issue was also credited to him, so you can see that the developers attach great importance to long-term profits, and not to the use of cryptocurrency mods and fast token sales. Matic even assumes that it will always have a reserve for a year of operation, if by some miracle the network stops earning money. On the other hand, the management team received only 16% of the total supply during the issue.

Thanks to this, many successful projects are already behind Matic Network. Among them, among others launch of the NFT Marketplace platform, commercial partnerships, successful cooperation with Decentraland, Quarkchain, Ankr, Portis and Maker DAO blockchains.

Matic Network management team

The team of project management also inspires confidence. CEO Jaynti Kanani was the Data Officer at Housing.com, handling the details of Github. Sandeep Nailwal is the company's former technology advisor Deloitte. Anurag Arjun was Product Manager at IRIS Business, and previously owned Dexter Consultingancy. 

The team is complemented by a group of programmers and marketing experts who have experience not only in the most important companies in the world, but also in blockchain technology.

Cryptocurrency development plans

The network wants to accelerate integration with other gaming platforms, competing with the competition with lower fees, which are already incomparably lower than, for example, in Ethereum. That is why a development center will be established in Berlin, focusing, among others, on on integration with RPG games. The teams supporting the project operate in many countries - from Europe, through the USA, to Vietnam and Japan. This is why Matic quickly became a global cryptocurrency.

Matic cryptocurrency quotes

Currently, 3 of the target 844 units are in circulation. As of May 192, 768, each of them is valued at $ 10, which translates into a market cap of over $ 000 billion. The daily turnover exceeds USD 000 million. The peak of quotations took place on April 000, 05, when each Matic token was paid $ 2021.