Matrix $MATRIX

CantoSwap is a leading NFT Marketplace and decentralized exchange (DEX) running on the Canto blockchain network. One of its standout features is the Matrix project, an innovative initiative that infuses value into the CantoSwap platform by introducing a robust liquidity mining protocol.

Liquidity Mining with Matrix Rewards

The Matrix project incentivizes users to provide liquidity to the CantoSwap platform through a reward system. By staking their Matrix tokens, users can participate in liquidity mining and earn rewards proportionate to their contribution. This not only enhances the liquidity of the platform but also gives users an opportunity to earn passive income from their crypto assets.

Stake Matrix Tokens for Passive Income

Matrix token holders can stake their tokens to receive a share of the dex trading fees on the platform. The higher the number of staked tokens, the larger the share of the trading fees one can earn. This scheme encourages token holders to invest long-term in the platform, simultaneously providing stability to the network and enabling users to generate a constant flow of income.

Earning Matrix Through CantoPunks Staking

Another innovative feature of the Matrix project is the ability to stake CantoPunks to earn Matrix. CantoPunks, the native NFTs of the CantoSwap platform, can be staked in exchange for Matrix tokens. This unique approach not only fuels the Matrix project but also adds another layer of utility to the CantoPunks NFTs.

Matrix Token Buyback and Burn

The Matrix project also introduces a token buyback and burn mechanism. 1.25% of the marketplace royalties are utilized to buy back Matrix tokens from the open market and subsequently burn them. This strategy helps in reducing the overall supply of Matrix tokens, thus making the remaining tokens more valuable. Through this, the Matrix project aims to create a deflationary token model that rewards the loyal and long-term holders of Matrix tokens.