Matic Network project to be 4th token launch under Binance Launchpad new format

Binance Launchpad, the token launch platform, advisory and ecosystem supporter for blockchain projects of global cryptocurrency exchange Binance has 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.

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. Binance Launchpad will help further realize our goal in enabling businesses and developers to create real-world and end-user applications at large scale.”

CEO of Matic Network, JD (Jayntibhai Kanani

“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. 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.”

Binance CEO and Founder, CZ (Changpeng Zhao)

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