Matic Network (MATIC), a platform for scalable and instant blockchain transactions based out of India, has teamed up with Binance to promote the testing of its new cryptocurrency wallet with a free giveaway.
— Binance (@binance) April 28, 2019
According to the announcement, interested Binance users can sign up to download the Matic Wallet on iOS or Android and send transactions using MTEST testnet tokens. Matic Network will randomly select 3,000 users who completed at least one transaction to receive $20 in MATIC. The program will run from today until May 4.
Last week, Matic Network launched its token on Binance’s token sale platform, the Binance Launchpad. Since that time, MATIC is up 66.7% from its token sale price of $0.00263. In total, 1,900,000,000 were offered in the sale, which equates to 19% of the total supply.
According to the project’s website, Matic Network aims to become the go-to platform for developers to deploy and run decentralized applications (dapps) on top of Ethereum (ETH) with its second-layer scaling solution that utilizes sidechains for off-chain transactions. The new platform also leverages a Plasma framework and proof-of-stake validators.
“Matic Wallet is a production-ready Plasma wallet with WalletConnect natively integrated, which can be used by end-users to seamlessly interact with dapps on the Matic Network,” states the Matic team. “Developers can offer a user-friendly option to their dapp users, which enables them to keep their private keys on mobile.”
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.