Matrixswap Raises $1.25M For the Future of Multi-Chain Perpetual Swaps

After meticulous preparations, Matrixswap’s Initial DEX Offering (IDO) for the $MATRIX token will take place on Cardstarter on September 10th at 8:00 a.m. PST / 3:00 p.m. UTC. Additionally, Matrixswap has raised $1.25 million in a private funding round led by X21 Digital, PetRock Capital, SkyVision Capital, and much more.

Matrixswap is a protocol and community-first trading platform that facilitates decentralized perpetual swap contracts — the most popular derivatives in crypto-based on a virtual automated market maker (vAMM), connecting liquidity from Ethereum to the Polkadot, Polygon, and Cardano blockchains.

Matrixswap’s platform gives users the power to hold long or short positions in any asset indefinitely, leveraged up to 25x with unlimited on-chain liquidity. Its proprietary DEX aggregator makes it possible to convert multiple tokens into one asset in one transaction, utilizing the underlying blockchain’s low-fee, high-throughput traits to improve the general user experience in an increasingly diversified crypto space.

These much-needed, innovative features make Matrixswap the right match for Cardstarter, the first incubator, launchpad, and insurance program for projects on the Cardano network. Cardstarter is being built out to become an all-inclusive platform that nurtures all trailblazing projects in the Cardano ecosystem, with a decentralized exchange that complements the current offerings on Cardano.

Matrixswap’s $1.25 million private funding reflects recognition of the team’s capability to deliver a cutting-edge platform for vAMM-based multi-chain perpetual swaps.

“We’re extremely humbled by the amount of support we have received from our strategic investors. With the combined resources and our dedication, we will be able to further develop and optimize our technology. Our vision is to never settle for the status quo in DeFi, to always optimize.” — Joseph Liu, Matrixswap Project Lead

Every private round strategic investor has purchased their share of $MATRIX tokens at $0.10 apiece — the same price point as the public IDO’s listing price — signaling their pledge for the fair distribution of $MATRIX during the offering. This fair-price fundraising model has never been done before in the crypto space.

Also, the investors involved in the funding round acknowledge that Matrixswap is solving critical problems for digital asset traders.

With the DeFi space facing a liquidity crunch, Matrixswap offers traders a way to maintain momentum in their trading activity at pivotal moments, as recognized by the platform’s backers.

Matrixswap has generated strong interest among established crypto-focused investment funds. Its crucial solutions are highly anticipated by stakeholders in the crypto economy and DeFi community.

The full list of backers for Matrixswap’s $1.25 million investment is as follows: X21 Digital, PetRock Capital, SkyVision Capital, 4SV, Alphabit, Faculty Group, A195, Varys Capital, Brotherhood, Crypto Banter, T3E, Raptor Capital, Momentum 6, Shin Chan Group, Cardstarter, Decode Capital, GBV, Owl Ventures, Kyros Ventures, Dfyn Network, Metrix Capital, Synaps, and Minted Labs.

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Trade decentralized perpetual futures with up to 25x leverage on Polygon, Polkadot, & Cardano.