What is Antimatter Governance Token (MATTER)?
The Antimatter Governance token is the governance and utility token of the Antimatter Ecosystem. The platform is a lightweight on-chain and cross-chain DeFi protocol that provides perpetual options and derivatives trading. The platform has different products which include Dual Investment, Sharkfin, Bull and Bear Tokens, Financial NFTs, and the AntiMatterDAO.
The platform uses a blockchain ecosystem on the BNB chain to give its users low-cost and fast transactions. It does not use the traditional order book and Oracle-based models in derivatives trading, rather it uses a system of Options Smart Contracts. An option contract gives a trader the permission to buy and sell an asset at an estimated price on a predetermined date. These contracts can be based on a variety of assets including cryptocurrencies and stocks.
The vision of the platform is to introduce simplified derivatives products that will serve many users conveniently and in a more scalable manner. They want to do this in an easy-to-understand way, with a platform that has a rich visual interface. Low-cost transactions are also very important to them, as already stated.
The MATTER price is featured on the Antimatter Governance Token price chart above.
Use Cases of MATTER Tokens
Primarily, the MATTER coin is used as the platform’s governance token. All submissions of proposals and voting on proposals can only be made by MATTER crypto token holders. This is important because it helps prevent the spamming of the network and protects it from bad actors.
As a token holder, you can also stake your MATTER tokens on the Antimatter DAO Hub for more rewards. Stakers are paid from fees generated on the platform in proportion to their stakes. However, any user that engages in dangerous activities on the network will have their stakes forfeited.
Furthermore, the project gives incentives to users who bring more users to the platform through its referral program. You can earn MATTER tokens by getting more people to sign up on the platform. Finally, users are rewarded simply for using the platform
You can always refer to the MATTER price chart above for the current or the previous Antimatter Governance Token price, as well as its recent changes.
Who Founded Antimatter Finance?
Most of the members of the team behind the project are unknown. However, the project was launched after a whitepaper was released in April 2021. Brian Lee is a prominent member of the team, although little is known about him as well.
MATTER Tokenomics
The maximum supply of MATTER tokens is 100 million. 50% of the tokens were allocated for platform liquidity and incentives. The team got 10% while the foundation got 10% reserved for its activities. Moreover, the private sale was given 15.85% of the supply, while the seed sale had 8.15% allocated. The remaining 1% was distributed to the public and 5% has been reserved as extra liquidity on Uniswap and BSC. These tokens are under different lock schedules to maintain the ecosystem and MATTER price stability.
