What is AntiMatter
What Is AntiMatter (MATTER)?
AntiMatter is an innovative on-chain and cross-chain DeFi perpetual options protocol based on the polarized token mechanism. AntiMatter was launched in the first quarter of 2021 and the protocol's own token – MATTER serves as a tool to facilitate platform management and increase utility in general.
To learn more about this project, check out our deep dive of Antimatter.
AntiMatter demonstrates its own approach to implementing option products in the DeFi ecosystem, giving users the ease and flexibility they need to use. The initial product is a tokenized perpetual call/put option, through which traders can create and trade on the platform at any time, along with secondary market opportunities – market-making and price arbitrage.
The main goal of the developers is to become the Uniswap for options and derivatives. Most of the existing DeFi protocols have a rather complex structure. AntiMatter tries to simplify everything for the user and give a clear and flexible option mechanism for decentralized finance.
To prove the flexibility of the infrastructure and prepare the project for mass adoption, AntiMatter was launched with an IDO at three sites at once – PolkaStarter, Bounce and WeStarter. The list of investors includes NGC Ventures, Monday Capital and Sparx Digital Capital.
Who Are the Founders of AntiMatter?
Only two core contributors of the company are listed on the AntiMatter website: Jack Lu and Robert Hu. The rest of the six developers remain anonymous.
Jack Lu is responsible for the AntiMatter protocol design. He has a BA in Economics and Quantitative Economics plus Game Theory Background from Reed College. Lu co-founded Econ-Box and ShowGo, and in 2020 created Bounce.Finance. He holds the position of Director of Research, Investment and Managing Director of NGC Ventures (AntiMatter's key investor).
Robert Hu is a main solidity developer. He created UU.Finance (a stablecoin project) and he’s also a Helmet.Insure main contributor. Hu is a Technical Advisor at Bounce.finance and S.finance, and a coder at Payaso.io.
What Makes AntiMatter (MATTER) Unique?
AntiMatter has created a clear platform for people looking to implement strategies in bull or bear markets. The project is young, and it gradually achieves the simplicity and flexibility of the system using the polarized token approach. The AntiMatter team is trying to build financial products and tools that are permission-less, easy to use and fill the gaps in the DeFi ecosystem.
To do that, AntiMatter creates a platform where even inexperienced users can execute long and short strategies. Simplicity and normalization are fundamental principles for the company's products, which are always a priority. The original Antimatter product is a perpetual call and put option with the underlying asset of ETH, where anyone can be short and long at any given time.
Among the announced functions of the platform are:
Cross-chain compatibility on Ethereum, Binance Smart Chain, Huobi ECO Chain, Polkadot and Solana. Users have the option to switch chains thanks to the AntiMatter cross-chain bridge;
Auto rebalancing polarized token mechanism functionality the processes of financing, distribution of commissions and rebalancing, which are performed automatically;
Secondary market opportunities – platform users can trade long or short options in this secondary market, which is linked to Uniswap backend and options token are executed through Uniswap;
Self-sustainable and community governed. The project has a commission for usage of platform products and protocols, which are used to buy back MATTER tokens on the network.
Another AntiMatter product in the works is financial NFTs – non-fungible finance. AntiMatter aims to use NFTs to store and facilitate financial activities. It is a container for a basket of assets and the functionality of lock and unlock mechanism. In the roadmap are two financial NFTs that AntiMatter aims to launch: index (ETF) and locker for crypto assets.
Read about Uniswap (UNI) and Ethereum (ETH).
Read about Polkadot (DOT) and Polkastarter (POLS).
What is Decentralized Finance (DeFi)? Learn more with CMC Alexandria.
What is Proof-of-Work (PoW)? Tap here and find out.
How to Participate in an IDO? Read about initial DEX offerings on our education portal.
How Many AntiMatter (MATTER) Coins Are There in Circulation?
MATTER is the utility token of the AntiMatter ecosystem, which is used in the following scenarios:
Creation and redemption of options – this requires a certain amount of commissions in MATTER tokens;
Use in the form of transaction fees and funding fees (in the second case, commission is paid automatically through the token deflation mechanism);
For governance that has power over the option mechanisms and the token ecosystem. MATTER holders use tokens to submit proposals and vote for them;
MATTER serves as platform token for OptionSwap – an exchange platform for tokenized options by AntiMatter.
The maximum supply that is intended for the market is 100,000,000 MATTER. Tokens are distributed as follows: 5% to liquidity; 50% to incentives aka protocol rewards; 10% to the team; 10% to foundation; 25% to investors (seed, private and public sale).
How Is the AntiMatter Network Secured?
AntiMatter (MATTER) is based on the Ethereum blockchain. As a consequence, it’s protected by an extensive Proof-of-Work (PoW) mining system, thus thousands of miners and nodes work as a single mechanism to ensure security.
Where Can You Buy AntiMatter (MATTER)?
There are four ways to earn MATTER tokens: staking tokens in order to gain a reward; mining reward for trading/creating/redeeming options; receiving reward for taking part in governance; extraction of liquidity (by liquidity providers).
You can trade AntiMatter (MATTER) on the following exchanges where MATTER is listed, including Uniswap (V2), Gate.io, Bilaxy, Hotbit, MDEX, MEXC and Jubi.
Get the latest product updates, partnerships, and announcements from CoinMarketCap here.
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