Binance Launchpad Announces ‘Matic Network’ as Next Project Under its New Token Launch Format
Binance Launchpad--the exclusive token launch platform, advisory and ecosystem supporter for transformative blockchain projects of global cryptocurrency exchange Binance--today announced support for its fourth project of the year, Matic Network, a platform for scalable and instant blockchain transactions. Matic Network’s token sale will be hosted by Binance Launchpad, implementing its new lottery format ensuring more fairness and transparency, beginning on April 24th, 2019 at 8:00 AM UTC.
“We are humbled by the overwhelming support and interest in Launchpad projects that is helping unlock the large potential of blockchain technology and aiding in crypto adoption and I believe that Matic Network is going to play a key role in this future,” said Binance CEO and Founder, CZ (Changpeng Zhao). “We are constantly evolving and adapting for our community’s interest and the new Launchpad criteria is a response to accommodate the high demand, and ensuring a better user experience, fairness and transparency.”
As part of Binance’s active service and mission to help the industry create a more sustainable global blockchain ecosystem, Binance Launchpad is continuing to support the industry needs for building and development tools for bringing more real world use cases using cryptocurrency. Matic Network is supported by Binance to further develop its infrastructure project responding to current market demands.
Matic Network aims to be the de-facto platform on which developers will deploy and run decentralized applications. Matic is a Layer 2 scaling solution that achieves scale by utilizing sidechains for off-chain computation, while ensuring asset security using the Plasma framework and a decentralized network of Proof-of-Stake (PoS) validators, bringing massive scale to public blockchains in general, starting with Ethereum first.
“Matic’s developer-and-community driven platform allows any existing application to adopt and interact with the decentralized ecosystem for tangible scalability and better user experience,” said CEO of Matic Network, JD (Jayntibhai Kanani). “Binance Launchpad will help further realize our goal in enabling businesses and developers to create real-world and end-user applications at large scale.”
Learn more about Matic Network in Binance Research’s in-depth report here: https://info.binance.com/en/research/MATIC-2019-04-01.html.
Session details are here: https://support.binance.com/hc/en-us/articles/360026114611.
To learn more about Binance Launchpad and pre-registration information for Matic Network, visit: https://launchpad.binance.com/
Stay tuned for the latest updates via Matic Network’s official telegram: https://t.me/maticnetwork
For full details on the latest format and timeline for Binance Launchpad, visit https://support.binance.com/hc/en-us/articles/360026114611.
About Binance Launchpad
Binance Launchpad is the exclusive token launch platform for entrepreneurs to bring the most transformative crypto projects to life, with the help of Binance users around the world. Projects accepted to launch on Binance Launchpad will have greater access to resources and support from across the Binance ecosystem.
About Binance
Binance is a blockchain ecosystem comprised of Binance Exchange, Labs, Launchpad, Info, Academy, Research, Trust Wallet and Charity. Binance Exchange is the leading global cryptocurrency exchange, with users from over 190 countries and regions. Capable of processing more than 1.4 million orders per second, Binance is the largest crypto exchange by trade volume and one of the fastest in the world. The platform focuses on security, robustness, and execution speed — attracting enthusiasts and professional traders alike. For more information, visit: https://www.binance.com